Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: gTrade (Gains Network) against Bulk−0.325%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$313as in the Price arb table
costs, in and out, $10k−$2772.772% of the position
Funding, last 3 days (all we have)−0.035%−$4 on $10k
+Price spread, last 3 days (all we have)+0.700%+$70 · spread now −0.325%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.354% cheaper against Bulk than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk ZEC-USD | 1,452.5 | 0.0100 | pay 0.0013% / 1h | 33m 47s | $895K | $33K | 10x |
| Short | gTrade (Gains Network) ZEC/USD | 1,447.8 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 33m 47s | $5.1M | — | 150x |
Bulk ZEC-USD
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.68
- Price spread: −0.325% → +0.029%
- −$35.38
- Slippage, 4 orders
- −$260.23
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$332.29
- Costs to cover
- 2.772%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 55 min ago; gTrade (Gains Network): virtual book (oracle venue), just now.
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 Bulk live order book, 55 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | 3.6 bp −$357 | 6.5 bp −$3,255 |
| Sell gTrade (Gains Network) virtual book (oracle venue), just now | 130.05 bp | 135.1 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 | 1,438.5 | −0.963% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,448.8 | −0.253% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,446.3 | −0.427% | $17.6M | $44.3M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,450 | −0.171% | $28.8M | $74.7M | 75x | as long as short |
| Variational Omni ZEC | −0.0009% | 8h | 1,449.1 | −0.234% | $45.6M | $32.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,445.1 | −0.507% | $407K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,448.6 | −0.271% | $905K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,448 | −0.310% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,446.7 | −0.398% | $589K | $1.3M | 25x | as long as short |
| Bybit ZECUSDT | +0.0005% | 8h | 1,444.8 | −0.534% | $266.5M | $676.1M | 75x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Bybit ZECUSDTShow 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 | 1,447.8 | −0.325% | $5.1M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,446.5 | −0.416% | $290K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0030% / S +0.0070% | 1h | 1,447.6 | −0.341% | $542K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0054% | 8h | 1,445.5 | −0.485% | $170.9M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0070% | 8h | 1,444.3 | −0.566% | $49.4M | $187.4M | 75x | as long as short |
| Aster ZECUSDT | +0.0076% | 8h | 1,445.2 | −0.501% | $15.2M | $34.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,448.5 | −0.274% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0093% | 1h | 1,448.2 | −0.296% | $394K | $518K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,448.1 | −0.303% | $13K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,446.5 | −0.416% | $18.7M | $54.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,447.9 | −0.315% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,446 | −0.448% | $59K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,448.7 | −0.264% | $3.0M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,445 | −0.516% | $747.3M | $492.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,445.5 | −0.485% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,445.2 | −0.501% | $657.7M | $2.53B | 75x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,452.5 | long leg | $895K | $33K | 10x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,445.2 | −0.501% | $214.5M | $890.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,444.5 | −0.548% | $103.1M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,444.5 | −0.551% | $160.1M | $313.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,444.5 | −0.553% | — | $105.5M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,445.9 | −0.452% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | −0.110% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,450.3 | −0.154% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.4 | −0.075% | $706K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.2 | −0.157% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,447.6 | −0.337% | $297K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,447.5 | −0.344% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,445.1 | −0.513% | $439K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,447.9 | −0.315% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,446.7 | −0.402% | $220K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,446.2 | −0.436% | $2.4M | $24.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,446.1 | −0.440% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.012% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,444.7 | −0.540% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,446.3 | −0.426% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,448.8 | −0.253% | $865K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,448.6 | −0.269% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0444% | 1h | 1,451.1 | −0.095% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,450.6 | −0.133% | $756K | $7.9M | 10x | as long as short |
| Lighter RH ZEC | +0.0696% | 1h | 1,446.9 | −0.383% | $1.9M | $8.4M | 10x | as long as short |
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Aster ZECUSDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC