Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: HTX against gTrade (Gains Network)+0.120%7-day average −0.036% · 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−$268as in the Price arb table

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

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.120%, 7d avg −0.036%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.156% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ZEC/USD	1,494.4	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	4m 20s	$5.3M	—	150x
Short	HTX ZEC-USDT	1,496.2	0.0100	get 0.0100% / 8h	1h 04m	$2.7M	$20.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $19.56
Price spread: +0.120% → −0.036%: $15.63
Slippage, 4 orders: −$261.4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$248.21
Costs to cover: 2.834%
Break-even: 95.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; HTX: 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.03 bp	135.0 bp −$135	426.0 bp −$4,260	4809.2 bp −$480.9K	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	6.2 bp −$6	15.6 bp −$156	37.8 bp −$3,776	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	−0.3684%	1h	1,479.6	−0.992%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,493.9	−0.036%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,494.8	+0.027%	$30.9M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,494.2	−0.017%	$18.1M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496	+0.103%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0004%	1h	1,495.2	+0.053%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495	+0.037%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.8	+0.092%	$1.5M	$4.7M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,494.4	−0.004%	$682K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	1,494.4	long leg	$5.3M	—	150x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,493.7	−0.048%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.5	+0.005%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,494.5	+0.007%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.8	+0.023%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495.9	+0.103%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,494.5	+0.006%	$780.2M	$446.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.6	+0.010%	$14.0M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,496.3	+0.124%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495.4	+0.064%	$697.0M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,494.7	+0.019%	$267.7M	$630.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,493.8	−0.040%	$182.4M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	−0.021%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.011%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494	−0.028%	$55.2M	$187.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,493.9	−0.032%	$242.9M	$799.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494	−0.030%	$102.8M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,494.2	−0.017%	$160.7M	$289.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,493.6	−0.054%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	+0.050%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,495.1	+0.048%	$573K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,494.7	+0.021%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.3	+0.128%	$412K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,495.3	+0.058%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,493.9	−0.034%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.2	−0.016%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,495.2	+0.051%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.2	+0.118%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,493.9	−0.033%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,496.2	+0.120%	$2.7M	$20.3M	75x
Phemex ZECUSDT	+0.0100%	8h	1,495.1	+0.048%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,493.9	−0.036%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,494.1	−0.018%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,494.9	+0.031%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,494.7	+0.020%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.146%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0137% / S −0.0132%	1h	1,494.5	+0.004%	$393K	—	100x	as long as short
Lighter RH ZEC	+0.0184%	1h	1,495.6	+0.079%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,495.3	+0.062%	$611K	$8.7M	10x	as long as short
Lighter ZEC	+0.0256%	1h	1,496.5	+0.141%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0259%	1h	1,495.5	+0.076%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,495.8	+0.090%	$3.7M	$10.1M	50x	as long as short