Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h +0.014%

Price spread now: Bybit against gTrade (Gains Network)−0.059%7-day average −0.024% · 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−$287as in the Price arb table

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

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.059%, 7d avg −0.024%

Together, before fees−0.055%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.035% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.065%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ZEC/USD	1,472.8	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	5m 19s	$5.2M	—	150x
Short	Bybit ZECUSDT	1,471.9	−0.0116	pay 0.0116% / 8h	5m 19s	$274.9M	$650.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$25.79
Price spread: −0.059% → −0.024%: −$3.49
Slippage, 4 orders: −$262.39
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$312.67
Costs to cover: 2.834%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Bybit: live order book, 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.03 bp	135.0 bp −$135	425.9 bp −$4,259	4809.1 bp −$480.9K	doesn't fit
Sell Bybit live order book, 4 min ago	0.03 bp	7.7 bp −$8	8.9 bp −$89	16.7 bp −$1,674	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	1,473.7	+0.063%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0262%	1h	1,471.7	−0.075%	$399K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.7	−0.006%	$17.9M	$43.9M	25x	as long as short
Bybit ZECUSDTshort	−0.0116%	8h	1,471.9	−0.059%	$274.9M	$650.5M	75x
BloFin ZEC-USDT	−0.0107%	8h	1,472.4	−0.030%	$29.6M	$74.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.6	−0.080%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0062%	8h	1,470.9	−0.129%	$47.7M	$34.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.7	−0.073%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	−0.016%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471.9	−0.062%	$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/USDlong	L +0.0007% / S −0.0006%	1h	1,472.8	long leg	$5.2M	—	150x
01 Exchange ZECUSD	+0.0008%	1h	1,471.8	−0.065%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,472.5	−0.019%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	+0.027%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0035%	1h	1,472.7	−0.007%	$432K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,472.3	−0.034%	$181.6M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,472.4	−0.025%	$51.2M	$187.9M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.7	−0.003%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,474.2	+0.095%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.1	−0.050%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,472.5	−0.020%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.5	−0.091%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472	−0.051%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.7	+0.061%	$763.4M	$472.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.2	−0.044%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.1	−0.045%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.6	−0.016%	$683.6M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.1	+0.021%	$698K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	−0.001%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.5	−0.023%	$228.5M	$846.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.5	−0.088%	$104.5M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.4	−0.026%	$163.7M	$300.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.6	−0.081%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.1	−0.045%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.4	+0.109%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.8	−0.003%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.1	−0.048%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.2	−0.040%	$127K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.128%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.6	+0.121%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.4	−0.024%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.2	−0.106%	$2.5M	$22.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.1	+0.019%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.9	+0.010%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.5	−0.020%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,472.3	−0.035%	$836K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0140%	1h	1,473.5	+0.049%	$615K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0397%	1h	1,472.1	−0.049%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.2	+0.096%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,473.7	+0.061%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0767%	1h	1,473.9	+0.074%	$46K	$47K	10x	as long as short