Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.012%

Price spread now: OKX against gTrade (Gains Network)−0.026%193s7-day average 0.000% · 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—prices read too far apart to compare

costs, in and out, $10k−$2812.810% of the position

Long on gTrade (Gains Network)Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.026%, 7d avg 0.000%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.026% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day). The two prices were read 193 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	gTrade (Gains Network) ZEC/USD	1,504.2	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	29m 15s	$5.3M	—	150x
Short	OKX ZEC-USDT-SWAP	1,503.8	0.0100	get 0.0100% / 8h	5h 29m	$185.8M	$1.29B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $19.57
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: −$260.96
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$264.02
Costs to cover: 2.810%
Break-even: 101.4 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 3 min ago; OKX: live order book, 3 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 exchange), 3 min ago	130.03 bp	135.0 bp −$135	425.9 bp −$4,259	4809.1 bp −$480.9K	doesn't fit
Sell OKX live order book, 3 min ago	0.03 bp	5.2 bp −$5	7.7 bp −$77	15.3 bp −$1,530	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,489.4	−0.986%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0240%	1h	1,503.7	−0.034%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,503.7	−0.033%	$32.0M	$72.9M	75x	as long as short
ApeX Omni ZECUSDT	−0.0169%	1h	1,501.7	−0.167%	$411K	$951K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0161%	1h	1,503.3	−0.061%	$409K	$497K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.7	−0.100%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,502.6	−0.105%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.7	−0.037%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502	−0.148%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	1,504.2	long leg	$5.3M	—	150x

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0016%	1h	1,503.6	−0.041%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,501.5	−0.179%	$908K	$1.3M	10x	as long as short
Phoenix ZEC	+0.0060%	1h	1,502.4	−0.118%	$4.8M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0063%	1h	1,504.3	+0.006%	$686K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,503.2	−0.065%	$303K	$717K	20x	as long as short
Aster ZECUSDT	+0.0084%	8h	1,503.5	−0.051%	$14.3M	$27.2M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,504.7	+0.031%	$19.9M	$39.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,505	+0.053%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.3	−0.060%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,502.3	−0.130%	$25K	$866K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,504.1	−0.011%	$18.6M	$45.7M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,502.4	−0.119%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.1	−0.005%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.7	+0.032%	$792.4M	$431.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,502.9	−0.091%	$1.6M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.8	−0.031%	$705.0M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.2	−0.066%	$274.0M	$587.3M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,503.8	−0.026%	$185.8M	$1.29B	50x
Arcus ZEC-USD	+0.0100%	1h	1,503.4	−0.056%	$596K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.7	+0.298%	$782K	$163K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.6	−0.044%	$63.5M	$174.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,503.6	−0.043%	$180.8M	$835.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.7	−0.036%	$105.9M	$52.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.7	−0.037%	$164.3M	$277.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,503.4	−0.053%	—	$121.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,504.3	+0.005%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	−0.203%	$49.5M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,501.9	−0.155%	$549K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.6	−0.175%	$3.1M	$616K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,501.3	−0.196%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.7	−0.035%	$369K	$1.5M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,504	−0.016%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506.2	+0.132%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.6	−0.043%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,500.4	−0.254%	$2.6M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.9	−0.020%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.4	−0.053%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.2	−0.068%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0193% / S −0.0209%	1h	1,504.1	−0.008%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,504.4	+0.010%	$3.9M	$9.4M	50x	as long as short