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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.017%
Price spread now: SoDEX against gTrade (Gains Network)+0.031%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2792.787% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.067%+$7 on $10k
Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.031%, 7d avg −0.003%
Together, before fees+0.276%+$28 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 SoDEX is 0.034% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ZEC/USD1,460.8L +0.0007% / S −0.0006%pay 0.0001% / 1h23m 28s$5.2M150x
ShortSoDEX ZEC-USD1,461.30.0100get 0.0013% / 1h23m 28s$234K$3.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$19.56
Price spread: +0.031% → −0.003%
$3.42
Slippage, 4 orders
−$260.65
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$255.67
Costs to cover
2.787%
Break-even
98.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; SoDEX: live order book, 1 min ago.

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), 1 min ago130.02 bp135.0 bp −$135426.0 bp −$4,2604809.2 bp −$480.9Kdoesn't fit
Sell SoDEX live order book, 1 min ago0.03 bp4.1 bp −$415.4 bp −$154110.0 bp −$11.0Kdoesn't fit

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−0.3166%1h1,460.6−0.013%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,460.9+0.008%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0069%8h1,460.7−0.010%$29.3M$71.1M75xas long as short
dYdX ZEC-USD0.0000%1h1,461.4+0.042%$412K$38K5xas long as short
Kalshi KXZECPERP0.0000%8h1,462.7+0.127%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,461.4+0.039%$84K$240K10xas long as short
gTrade (Gains Network) ZEC/USDlongL +0.0007% / S −0.0006%1h1,460.8long leg$5.2M150x
Orderly PERP_ZEC_USDC+0.0063%8h1,460.9+0.003%$292K$956K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0068% / S −0.0019%1h1,460.7−0.006%$410K100xas long as short
01 Exchange ZECUSD+0.0080%1h1,461.2+0.025%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,461.1+0.016%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,461.4+0.042%$11K$856K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,461+0.012%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,460.8−0.004%$2.8M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,462.4+0.108%$760.1M$431.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,461.5+0.046%$14.5M$27.9M75xas long as short
Pacifica ZEC+0.0100%1h1,461+0.013%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,461.3+0.033%$671.5M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,460.7−0.012%$263.6M$600.8M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,461.2+0.029%$178.1M$1.23B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,455.7−0.350%$396K$441K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.2−0.246%$880K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,460.8+0.001%$50.7M$174.4M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,460.5−0.021%$217.2M$773.0M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,460.8+0.001%$102.6M$53.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,461.5+0.046%$166.4M$271.0M75xas long as short
BingX ZEC-USDC+0.0100%8h1,460.4−0.027%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,461.9+0.075%$2.4M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,457.9−0.202%$47.8M$32.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,459.9−0.061%$569K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,457.4−0.237%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,460.5−0.020%$407K$927K50xas long as short
StandX ZEC-USD+0.0100%1h1,460.7−0.008%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,461.1+0.019%$367K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,460.7−0.005%$161K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,460−0.055%$446K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,462.9+0.140%$3K$1.1M20xas long as short
SoDEX ZEC-USDshort+0.0100%1h1,461.3+0.031%$234K$3.4M10x
HTX ZEC-USDT+0.0100%8h1,459.8−0.073%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,460.80.000%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,460.9+0.002%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,461.1+0.017%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,461.2+0.025%$4.6M$1.3M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0191%1h1,461.8+0.070%$611K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0276%1h1,461.2+0.027%$18.1M$45.0M25xas long as short
Lighter ZEC+0.0280%1h1,461.9+0.076%$19.2M$45.9M20xas long as short
RISEx ZEC/USDC+0.0412%1h1,461.3+0.032%$925K$1.1M10xas long as short
Lighter RH ZEC+0.0448%1h1,461.7+0.062%$2.1M$7.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,463+0.146%$3.8M$9.0M50xas long as short
Arcus ZEC-USD+0.0626%1h1,462.2+0.095%$687K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0682%1h1,458.1−0.189%$45K$49K10xas long as short