Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%
Price spread now: GMX against gTrade (Gains Network)−0.001%7-day average +0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.031%−$3 on $10k
Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.001%, 7d avg +0.022%
Together, before fees−0.034%−$3 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: GMX is 0.024% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ZEC/USD1,470L +0.0007% / S −0.0006%pay 0.0001% / 1h9m 05s$5.2M150x
ShortGMX ZEC/USD [WBTC.b-USDC]1,470L +0.0055% / S −0.0010%get 0.0001% / 1h9m 05s$378K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$0.61
Price spread: −0.001% → +0.022%
−$2.37
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$23.76
Costs to cover
0.220%
Break-even
279.0 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 5 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 5 min ago130.03 bp135.0 bp −$135426.0 bp −$4,2604809.1 bp −$480.9Kdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3321%1h1,468−0.136%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0343%1h1,469.5−0.035%$17.9M$43.0M25xas long as short
BloFin ZEC-USDT−0.0116%8h1,469.5−0.032%$29.7M$72.4M75xas long as short
Ondo Perps ZEC-USD.P−0.0114%1h1,466.6−0.231%$398K$517K5xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,468.3−0.115%$6K$2K10xas long as short
Variational Omni ZEC−0.0021%8h1,466.4−0.247%$47.6M$33.6Mas long as short
dYdX ZEC-USD0.0000%1h1,467.6−0.161%$413K$103K5xas long as short
01 Exchange ZECUSD0.0000%1h1,467.8−0.153%$8K$9K5xas long as short
Kalshi KXZECPERP0.0000%8h1,468.9−0.073%$960K$5.2M2.2xas long as short
Perpl ZEC0.0000%43m1,468−0.136%$83K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDlongL +0.0007% / S −0.0006%1h1,470long leg$5.2M150x
Orderly PERP_ZEC_USDC+0.0020%8h1,469.9−0.005%$293K$1.1M20xas long as short
Phoenix ZEC+0.0054%1h1,469.7−0.020%$4.6M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]shortL +0.0055% / S −0.0010%1h1,470−0.001%$378K100x
OKX ZEC-USDT-SWAP+0.0064%8h1,469.4−0.043%$181.5M$1.29B50xas long as short
Popdex ZECUSDT+0.0096%1h1,468.2−0.124%$173K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,467.7−0.157%$12K$847K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,468.2−0.125%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470.1+0.004%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,470.2+0.014%$765.7M$450.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,469.6−0.025%$14.9M$31.4M75xas long as short
Pacifica ZEC+0.0100%1h1,468.6−0.097%$1.7M$2.8M10xas long as short
Binance ZECUSDT+0.0100%8h1,469.5−0.037%$683.0M$2.36B75xas long as short
Bybit ZECUSDT+0.0100%8h1,469.1−0.065%$273.2M$628.8M75xas long as short
Arcus ZEC-USD+0.0100%1h1,469.7−0.022%$699K$8.6M10xas long as short
Bulk ZEC-USD+0.0100%1h1,465.9−0.280%$892K$22K10xas long as short
Gate ZEC_USDT+0.0100%8h1,469.1−0.064%$50.3M$181.8M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,469.6−0.029%$228.2M$829.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,469.7−0.019%$104.2M$55.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,469.2−0.054%$163.4M$290.1M75xas long as short
BingX ZEC-USDC+0.0100%8h1,467.2−0.188%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,466.3−0.249%$571K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,467.2−0.187%$3.0M$447K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,466.9−0.214%$427K$880K50xas long as short
StandX ZEC-USD+0.0100%1h1,466.5−0.239%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.6−0.027%$340K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.8−0.013%$128K$158K20xas long as short
Derive ZEC-PERP+0.0100%1h1,468.4−0.106%$458K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,470.4+0.026%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,469.5−0.031%$242K$3.9M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469.2−0.053%$2.5M$19.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,469.8−0.016%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,470−0.003%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,470.1+0.010%$55K$161K20xas long as short
RISEx ZEC/USDC+0.0228%1h1,468.8−0.080%$853K$1.0M10xas long as short
Lighter ZEC+0.0240%1h1,471+0.070%$19.2M$50.6M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0388%1h1,471+0.069%$605K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,471.7+0.114%$3.7M$9.6M50xas long as short
Backpack ZEC_USDC_PERP+0.0507%1h1,470.1+0.007%$2.5M$3.9M15xas long as short
Lighter RH ZEC+0.0712%1h1,471.5+0.099%$2.0M$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0759%1h1,468.3−0.116%$43K$46K10xas long as short