Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Gate against edgeX+0.211%82s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.333% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.311%−$31 on $10k

Price spread, last 7 days−0.180%−$18 · spread now +0.211%, 7d avg +0.058%

Together, before fees−0.492%+ Points / potential airdropedgeX: Active · farm board−$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.153% dearer against edgeX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.058%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZECUSDC	1,456.1	0.0100	pay 0.0050% / 4h	4m 12s	$567K	$8.6M	20x
Short	Gate ZEC_USDT	1,459.2	0.0100	get 0.0100% / 8h	4h 04m	$50.6M	$175.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.211%Rate

Funding earned: $0
Price spread: +0.211% → +0.058%: $15.31
Slippage, 4 orders: −$9.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.94
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	0.38 bp	5.1 bp −$5	9.5 bp −$95	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.24 bp	11.8 bp −$12	15.2 bp −$152	29.9 bp −$2,995	53.2 bp −$26.6K

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	−0.3166%	1h	1,458.2	+0.142%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458	+0.133%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,457.6	+0.101%	$29.6M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.1	+0.066%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.7	+0.179%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,457.8	+0.115%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.5	+0.232%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,459.5	+0.232%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0022%	1h	1,459.3	+0.223%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,459.3	+0.221%	$8K	$7K	5x	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	1,458.6	+0.171%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,458.7	+0.175%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.2	+0.148%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459	+0.201%	$2.9M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.6	+0.309%	$759.7M	$431.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.5	+0.231%	$14.8M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.2	+0.143%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.6	+0.238%	$670.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,458.7	+0.179%	$261.9M	$602.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.3	+0.222%	$178.2M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.7	+0.041%	$396K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.099%	$880K	$18K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,459.2	+0.211%	$50.6M	$175.4M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,459.5	+0.234%	$216.9M	$776.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.6	+0.243%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.7	+0.249%	$166.0M	$271.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,459.3	+0.223%	—	$105.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.3	+0.085%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,456.1	long leg	$567K	$8.6M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.2	+0.077%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.5	+0.029%	$404K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457	+0.059%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459.2	+0.213%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.3	+0.223%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.3	+0.154%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.9	+0.258%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.5	+0.236%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.1	+0.072%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.6	+0.243%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.4	+0.230%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.3	+0.221%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,459	+0.199%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0181%	1h	1,459.9	+0.258%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0240%	1h	1,460.7	+0.318%	$19.2M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,459.5	+0.237%	$18.0M	$45.2M	25x	as long as short
Lighter RH ZEC	+0.0320%	1h	1,460.8	+0.320%	$2.1M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0381%	1h	1,460.4	+0.298%	$616K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,458.4	+0.160%	$923K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,459.5	+0.232%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,459.4	+0.227%	$677K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0681%	1h	1,458.9	+0.190%	$45K	$49K	10x	as long as short