Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.018%

Price spread now: MEXC against gTrade (Gains Network)−0.108%7-day average +0.002% · 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−$281as in the Price arb table

costs, in and out, $10k−$2702.703% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.108%, 7d avg +0.002%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.111% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.002%). If the spread goes back, that is −$11 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ZEC/USD	1,457.1	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	52m 44s	$5.2M	—	150x
Short	MEXC ZEC_USDT	1,455.5	0.0100	get 0.0100% / 8h	3h 52m	$215.7M	$764.9M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.108%Rate

Funding earned: $19.56
Price spread: −0.108% → +0.002%: −$11.08
Slippage, 4 orders: −$260.3
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$261.82
Costs to cover: 2.703%
Break-even: 100.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; MEXC: live order book, 1 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), 1 min ago	130.04 bp	135.0 bp −$135	425.9 bp −$4,259	4809.1 bp −$480.9K	doesn't fit
Sell MEXC live order book, 1 min ago	0.10 bp	0.1 bp $0	0.1 bp −$1	1.3 bp −$127	58.5 bp −$29.2K

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	−0.3042%	1h	1,455.8	−0.089%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.3	+0.014%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,457.2	+0.006%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,455.6	−0.103%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,456.5	−0.040%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,455.8	−0.091%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	1,457.1	long leg	$5.2M	—	150x
Orderly PERP_ZEC_USDC	+0.0064%	8h	1,457	−0.007%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0072% / S −0.0024%	1h	1,456.9	−0.015%	$409K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,455.2	−0.129%	$173K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,455.4	−0.115%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,455.5	−0.113%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.1	−0.068%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.4	−0.047%	$14.8M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,456	−0.077%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,455.7	−0.095%	$668.5M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,454.7	−0.168%	$261.2M	$600.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,455.3	−0.126%	$178.1M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,454.1	−0.206%	$395K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	−0.212%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,455.5	−0.108%	$50.5M	$170.2M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,455.5	−0.108%	$215.7M	$764.9M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,456.4	−0.051%	$102.7M	$53.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,455.7	−0.100%	$165.5M	$270.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,455.2	−0.130%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454	−0.211%	$47.7M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,454.5	−0.181%	$566K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,455.1	−0.136%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,455.5	−0.110%	$404K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.8	−0.157%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.4	−0.048%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.9	−0.011%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.8	−0.086%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459	+0.128%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.2	+0.008%	$233K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453.8	−0.229%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.4	+0.022%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,455.5	−0.111%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.2	+0.006%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,455.6	−0.105%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.7	+0.039%	$4.6M	$1.3M	10x	as long as short
Hyperliquid ZEC	+0.0152%	1h	1,457.1	0.000%	$757.9M	$428.4M	10x	as long as short
Lighter RH ZEC	+0.0160%	1h	1,456.8	−0.023%	$2.1M	$7.0M	10x	as long as short
Lighter ZEC	+0.0176%	1h	1,457	−0.004%	$19.2M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0187%	1h	1,457.6	+0.035%	$2.4M	$3.9M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,455.5	−0.112%	$921K	$1.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,457.2	+0.005%	$18.0M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,457.5	+0.030%	$683K	$8.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0377%	1h	1,457.9	+0.057%	$615K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,458	+0.062%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0678%	1h	1,457.2	+0.004%	$45K	$49K	10x	as long as short