Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: SunX against gTrade (Gains Network)+0.221%7-day average +0.095% · 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−$376as in the Price arb table

costs, in and out, $10k−$3893.887% of the position

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.221%, 7d avg +0.095%

Together, before fees−0.147%−$15 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 SunX is 0.125% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ZEC/USD	1,450.2	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	44m 36s	$5.1M	—	150x
Short	SunX ZEC-USDT	1,453.4	0.0100	get 0.0100% / 8h	4h 44m	$3K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.221%Rate

Funding earned: $19.56
Price spread: +0.221% → +0.095%: $12.53
Slippage, 4 orders: −$370.69
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$356.61
Costs to cover: 3.887%
Break-even: 134.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; SunX: live order book, 9 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	130.02 bp	135.0 bp −$135	426.0 bp −$4,260	4809.1 bp −$480.9K	doesn't fit
Sell SunX live order book, 9 min ago	29.02 bp	68.8 bp −$69	doesn't fit	doesn't fit	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	−0.3166%	1h	1,449.7	−0.033%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,450.5	+0.023%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,449.9	−0.022%	$29.2M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,449.6	−0.042%	$408K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,450.3	+0.007%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.5	+0.023%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	1,450.2	long leg	$5.1M	—	150x
Orderly PERP_ZEC_USDC	+0.0059%	8h	1,450.1	−0.008%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0065% / S −0.0015%	1h	1,450.4	+0.015%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,451.5	+0.089%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,451.5	+0.089%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,450.9	+0.044%	$11K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.4	+0.085%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.4	+0.083%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,451.7	+0.103%	$754.9M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,450.8	+0.044%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.3	+0.077%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.4	+0.084%	$666.2M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,451.1	+0.060%	$261.4M	$602.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,451.6	+0.095%	$177.1M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	−0.104%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	+0.034%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,451.1	+0.063%	$49.9M	$172.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.2	+0.068%	$216.0M	$769.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,450.8	+0.041%	$102.1M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.9	+0.116%	$164.8M	$273.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,449.3	−0.063%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,450.8	+0.041%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.3	−0.198%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,447.5	−0.189%	$563K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,447.7	−0.172%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,447.2	−0.205%	$402K	$920K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,451.4	+0.079%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.4	+0.082%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,450.7	+0.034%	$159K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.1	−0.074%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,453.4	+0.221%	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,449.9	−0.021%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,449.7	−0.034%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.5	−0.046%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,451	+0.057%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,449.8	−0.025%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,448.9	−0.090%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,449.8	−0.028%	$18.0M	$44.9M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0338%	1h	1,450.8	+0.041%	$609K	$1.3M	25x	as long as short
Lighter ZEC	+0.0352%	1h	1,452.6	+0.164%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,451.6	+0.094%	$921K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,452.6	+0.161%	$2.0M	$6.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,452.4	+0.149%	$3.8M	$9.0M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,450.8	+0.039%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0668%	1h	1,449.5	−0.050%	$44K	$49K	10x	as long as short