Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against edgeX+0.369%7-day average +0.058% · 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−$249as in the Price arb table

costs, in and out, $10k−$2802.799% of the position

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 7 days−0.317%−$32 · spread now +0.369%, 7d avg +0.058%

Together, before fees−0.410%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.310% dearer against edgeX than usual: you sell high and buy low (spread +0.369% now, against its 7-day average of +0.058%): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZECUSDC	1,462.7	0.0100	pay 0.0050% / 4h	2h 57m	$569K	$8.5M	20x
Short	gTrade (Gains Network) ZEC/USD	1,468.1	L +0.0007% / S −0.0006%	get 0.0001% / 1h	57m 19s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.369%Rate

Funding earned: −$19.67
Price spread: +0.369% → +0.058%: $31.04
Slippage, 4 orders: −$260.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$268.55
Costs to cover: 2.799%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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 edgeX live order book, 2 min ago	0.38 bp	5.0 bp −$5	9.3 bp −$93	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.02 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	−0.3243%	1h	1,467.3	+0.313%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.4	+0.255%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,465.2	+0.173%	$29.7M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.6	+0.266%	$408K	$37K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,466.6	+0.272%	$8K	$7K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,466.1	+0.235%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,468.1	+0.369%	$5.2M	—	150x
Ondo Perps ZEC-USD.P	+0.0014%	1h	1,464.8	+0.146%	$397K	$438K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,467.5	+0.329%	$293K	$900K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0091% / S −0.0043%	1h	1,468.1	+0.372%	$437K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,466.7	+0.273%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.2	+0.313%	$13K	$799K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.8	+0.281%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467	+0.295%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467.9	+0.358%	$764.8M	$420.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.5	+0.397%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.1	+0.301%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.1	+0.373%	$677.1M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467.3	+0.315%	$262.4M	$586.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,467.6	+0.335%	$179.0M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.8	+0.010%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,468.1	+0.371%	$52.7M	$169.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.7	+0.344%	$219.0M	$756.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.8	+0.281%	$103.3M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.9	+0.291%	$166.7M	$267.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.8	+0.352%	—	$107.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,466.7	+0.278%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.9	+0.019%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,462.7	long leg	$569K	$8.5M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,464.5	+0.127%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,464.9	+0.149%	$405K	$921K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.6	+0.135%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,466.6	+0.269%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.1	+0.371%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.6	+0.200%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468	+0.366%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.5	+0.263%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,465.6	+0.198%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,466	+0.226%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.7	+0.277%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.4	+0.325%	$47K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0108%	1h	1,467.4	+0.323%	$618K	$1.3M	25x	as long as short
Kalshi KXZECPERP	+0.0111%	8h	1,465.6	+0.198%	$1.5M	$4.4M	2.2x	as long as short
Phoenix ZEC	+0.0116%	1h	1,467.5	+0.327%	$4.7M	$1.3M	10x	as long as short
Lighter ZEC	+0.0120%	1h	1,467.9	+0.359%	$19.4M	$43.7M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,466.8	+0.280%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,466.9	+0.291%	$927K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,468.2	+0.378%	$2.1M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,468.6	+0.407%	$3.9M	$9.0M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,467.9	+0.355%	$670K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0684%	1h	1,465.5	+0.196%	$45K	$49K	10x	as long as short