Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h −0.014%

Price spread now: gTrade (Gains Network) against Bybit+0.048%7-day average +0.024% · 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−$281as in the Price arb table

costs, in and out, $10k−$2832.834% of the position

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$7 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now +0.048%, 7d avg +0.024%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 3 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,470.2	−0.0118	get 0.0118% / 8h	0m 16s	$274.8M	$649.7M	75x
Short	gTrade (Gains Network) ZEC/USD	1,470.9	L +0.0007% / S −0.0006%	get 0.0001% / 1h	0m 16s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.048%Rate

Funding earned: $26.02
Price spread: +0.048% → +0.024%: $2.34
Slippage, 4 orders: −$262.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$255.08
Costs to cover: 2.834%
Break-even: 75.6 days

Slippage from Bybit: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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 Bybit live order book, 9 min ago	0.03 bp	5.7 bp −$6	8.5 bp −$85	17.7 bp −$1,768	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.06 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	−0.3089%	1h	1,472.8	+0.173%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0260%	1h	1,470	−0.015%	$399K	$520K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,470.9	+0.044%	$17.9M	$43.8M	25x	as long as short
Bybit ZECUSDTlong	−0.0118%	8h	1,470.2	long leg	$274.8M	$649.7M	75x
BloFin ZEC-USDT	−0.0101%	8h	1,470.3	+0.005%	$29.6M	$74.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.5	+0.022%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0063%	8h	1,469.3	−0.063%	$47.6M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.9	+0.049%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.7	−0.035%	$957K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,470.3	+0.005%	$84K	$406K	10x	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	1,470.9	+0.048%	$5.2M	—	150x
01 Exchange ZECUSD	+0.0008%	1h	1,470.6	+0.029%	$8K	$8K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0011%	1h	1,471.6	+0.095%	$614K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,470.6	+0.023%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	+0.203%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0037%	1h	1,472.7	+0.169%	$432K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0037%	8h	1,470.6	+0.023%	$181.6M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0047%	8h	1,470.6	+0.024%	$51.1M	$188.1M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0010%	1h	1,470.9	+0.045%	$371K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.4	+0.145%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.2	−0.004%	$174K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,471.1	+0.060%	$19K	$845K	10x	as long as short
SoDEX ZEC-USD	+0.0098%	1h	1,470.6	+0.024%	$242K	$4.4M	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.3	+0.003%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.9	+0.048%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.6	+0.094%	$762.4M	$472.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.4	+0.012%	$14.9M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.9	+0.049%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.6	+0.026%	$682.8M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472	+0.118%	$700K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.174%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.3	+0.007%	$228.1M	$847.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.4	+0.012%	$104.4M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.7	+0.030%	$163.5M	$300.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,470.2	−0.003%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.4	+0.217%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474	+0.254%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.4	+0.082%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470	−0.015%	$333K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.3	+0.003%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469	−0.083%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.6	+0.160%	$3K	$1.2M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470	−0.017%	$2.5M	$22.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471	+0.052%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.1	+0.062%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.7	+0.034%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,471.1	+0.060%	$837K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0397%	1h	1,470.9	+0.044%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,472.9	+0.180%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0456%	1h	1,473	+0.186%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0775%	1h	1,472.2	+0.133%	$46K	$46K	10x	as long as short