Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.016%

Price spread now: gTrade (Gains Network) against Bitget+0.014%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2842.844% of the position

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)+0.449%+$45 · spread now +0.014%, 7d avg +0.015%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZECUSDT	1,452.2	0.0100	pay 0.0100% / 8h	2h 46m	$161.8M	$314.8M	75x
Short	gTrade (Gains Network) ZEC/USD	1,452.4	L +0.0007% / S −0.0006%	get 0.0001% / 1h	46m 17s	$5.1M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.014%Rate

Funding earned: −$19.68
Price spread: +0.014% → +0.015%: −$0.06
Slippage, 4 orders: −$262.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$304.19
Costs to cover: 2.844%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.03 bp	7.3 bp −$7	11.4 bp −$114	19.3 bp −$1,929	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.03 bp	135.0 bp −$135	584.7 bp −$5,847	doesn't fit	doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3476%	1h	1,437.8	−0.991%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.2	−0.001%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.9	−0.021%	$17.6M	$44.4M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,453	+0.057%	$28.9M	$75.2M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,451.7	−0.034%	$45.5M	$32.1M	—	as long as short
Bybit ZECUSDT	−0.0007%	8h	1,451.1	−0.076%	$268.7M	$675.2M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.8	−0.027%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,452.4	+0.015%	$846K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.2	0.000%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,453.1	+0.064%	$566K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,452.4	+0.014%	$5.1M	—	150x
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,452.3	+0.004%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0066%	1h	1,452.3	+0.005%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0042%	8h	1,452	−0.014%	$171.9M	$1.36B	50x	as long as short
Aster ZECUSDT	+0.0062%	8h	1,452.1	−0.006%	$15.3M	$35.1M	75x	as long as short
Gate ZEC_USDT	+0.0065%	8h	1,452	−0.014%	$49.1M	$185.7M	75x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,452.7	+0.035%	$8K	$8K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0089%	1h	1,452.8	+0.041%	$394K	$518K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,452.9	+0.050%	$17K	$879K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,453.3	+0.078%	$18.7M	$53.9M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.2	−0.001%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452.2	+0.002%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.3	+0.006%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452.7	+0.034%	$751.1M	$494.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,452.6	+0.028%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.9	−0.019%	$658.3M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	+0.190%	$896K	$37K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,452.1	−0.004%	$218.8M	$883.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.2	+0.001%	$103.6M	$56.9M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,452.2	long leg	$161.8M	$314.8M	75x
BingX ZEC-USDT	+0.0100%	8h	1,451.9	−0.020%	—	$107.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.2	+0.001%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.4	+0.086%	$487K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,454.1	+0.130%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.6	+0.030%	$706K	$606K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.3	+0.142%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.7	−0.034%	$298K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452	−0.012%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451	−0.080%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.7	+0.173%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.3	+0.004%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.9	−0.020%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.9	−0.021%	$3.7M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,453.6	+0.099%	$4.6M	$1.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.3	+0.006%	$36K	$362K	20x	as long as short
Extended ZEC-USD	+0.0208%	1h	1,452.4	+0.011%	$3.3M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,453.1	+0.063%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,454.1	+0.132%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0453%	1h	1,453.5	+0.089%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,454.5	+0.160%	$754K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0728%	1h	1,454.2	+0.139%	$1.9M	$8.4M	10x	as long as short