Funding you earn now, next payment 22:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.001%
Price spread now: Gate against Bullet+0.041%7-day average −0.020% · 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−$25as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)−0.915%−$92 · spread now +0.041%, 7d avg −0.020%
=The price spread pays, funding is against you. Gate is 0.061% dearer against Bullet than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet ZEC-USD | 1,452.2 | 0.0100 | pay 0.0013% / 1h | 55m 54s | $127K | $161K | 20x |
| Short | Gate ZEC_USDT | 1,452.8 | 0.0062 | get 0.0062% / 8h | 2h 55m | $49.2M | $184.8M | 75x |
Bullet ZEC-USD
Gate ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bullet. 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
- −$7.98
- Price spread: +0.041% → −0.020%
- $6.07
- Slippage, 4 orders
- −$8.19
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$33.1
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 33 min ago; Gate: live order book, 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 Bullet live order book, 33 min ago | 0.34 bp | 5.8 bp −$6 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 0.03 bp | 8.7 bp −$9 | 12.5 bp −$125 | 24.5 bp −$2,451 | 48.9 bp −$24.4K |
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 | 1,454.5 | +0.161% | $34K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452 | −0.011% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,452 | −0.013% | $17.6M | $44.9M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0059% | 8h | 1,450.1 | −0.139% | $29.1M | $76.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0041% | 8h | 1,455.2 | +0.213% | $46.3M | $31.5M | — | as long as short |
| Bybit ZECUSDT | −0.0018% | 8h | 1,452.3 | +0.011% | $268.6M | $679.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.4 | +0.086% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.5 | +0.091% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.1 | −0.007% | $82K | $400K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0006% | 8h | 1,452.2 | +0.002% | $291K | $1.5M | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.5 | +0.024% | $5.1M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0034% | 8h | 1,452.8 | +0.043% | $172.6M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,452.8 | +0.046% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0041% / S +0.0061% | 1h | 1,452.4 | +0.015% | $535K | — | 100x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,455.2 | +0.207% | $4.6M | $1.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0047% | 8h | 1,452.2 | 0.000% | $15.1M | $35.3M | 75x | as long as short |
| Gate ZEC_USDTshort | +0.0062% | 8h | 1,452.8 | +0.041% | $49.2M | $184.8M | 75x | |
| MEXC ZEC_USDT | +0.0092% | 8h | 1,452.2 | +0.003% | $213.1M | $877.3M | 150x | as long as short |
| Binance ZECUSDT | +0.0094% | 8h | 1,452.9 | +0.049% | $661.1M | $2.55B | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452.8 | +0.046% | $17K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.4 | +0.019% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.7 | +0.108% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.7 | +0.038% | $3.0M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453 | +0.058% | $752.3M | $508.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.1 | +0.136% | $1.6M | $3.1M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.9 | −0.155% | $393K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454.9 | +0.188% | $896K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.2 | +0.005% | $103.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.8 | +0.044% | $162.4M | $317.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.9 | −0.016% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.7 | +0.039% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.3 | +0.076% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.4 | +0.014% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | +0.030% | $711K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.1 | −0.071% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.1 | −0.004% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,452.2 | long leg | $127K | $161K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451 | −0.077% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.242% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.3 | +0.012% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.8 | +0.044% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.018% | $3.7M | $5.5M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.5 | +0.025% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,453.5 | +0.094% | $18.8M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,453.2 | +0.070% | $862K | $2.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0287% | 1h | 1,453.4 | +0.082% | $568K | $1.3M | 25x | as long as short |
| Extended ZEC-USD | +0.0432% | 1h | 1,452.8 | +0.046% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.1 | +0.133% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0462% | 1h | 1,453.8 | +0.112% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,455.2 | +0.210% | $753K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0616% | 1h | 1,454.3 | +0.144% | $2.0M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Aster ZECUSDT
MEXC ZEC_USDT
Binance ZECUSDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC