Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: edgeX against Gate+0.136%67s7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.323% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.312%+$31 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.136%, 7d avg −0.057%

Together, before fees+0.148%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.193% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.057%. The two prices were read 67 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	Gate ZEC_USDT	1,472.6	0.0100	pay 0.0100% / 8h	7h 42m	$51.5M	$178.6M	75x
Short	edgeX ZECUSDC	1,474.6	0.0100	get 0.0050% / 4h	3h 42m	$574K	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → −0.057%: $19.33
Slippage, 4 orders: −$8.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.97
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 2 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 Gate live order book, 2 min ago	0.37 bp	11.0 bp −$11	15.6 bp −$156	34.7 bp −$3,471	58.8 bp −$29.4K
Sell edgeX live order book, 2 min ago	0.37 bp	4.9 bp −$5	8.8 bp −$88	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	−0.3321%	1h	1,474.8	+0.149%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,472.6	+0.003%	$17.9M	$43.1M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0149%	1h	1,471.2	−0.095%	$400K	$519K	5x	as long as short
BloFin ZEC-USDT	−0.0103%	8h	1,471.5	−0.078%	$29.7M	$73.9M	75x	as long as short
Bybit ZECUSDT	−0.0082%	8h	1,472.3	−0.023%	$275.0M	$642.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.5	−0.007%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0059%	8h	1,473.5	+0.060%	$47.7M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,472.9	+0.018%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.1	+0.031%	$960K	$5.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.6	0.000%	$84K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.9	+0.022%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,472.4	−0.012%	$294K	$1.4M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0041%	8h	1,472.5	−0.005%	$182.0M	$1.31B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,475.9	+0.222%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.7	+0.009%	$378K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473.3	+0.050%	$8K	$8K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.5	−0.006%	$176K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.2	−0.030%	$60K	$39K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.2	−0.029%	$14K	$840K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.8	+0.011%	$2.6M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.9	+0.088%	$764.9M	$459.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.2	−0.024%	$14.9M	$32.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.3	−0.018%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.6	+0.001%	$684.3M	$2.41B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.5	+0.061%	$696K	$8.5M	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,472.6	long leg	$51.5M	$178.6M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,472.6	+0.001%	$230.7M	$822.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	−0.002%	$105.1M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.6	+0.001%	$163.8M	$295.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.5	−0.077%	—	$6.7M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,474.6	+0.136%	$574K	$9.2M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.4	+0.054%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,475.9	+0.223%	$432K	$859K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.3	+0.046%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.2	−0.027%	$333K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.4	−0.012%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.8	−0.125%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.7	+0.145%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.5	−0.010%	$243K	$4.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.7	−0.060%	$2.5M	$21.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.3	+0.044%	$3.9M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.3	+0.118%	$897K	$28K	10x	as long as short
Lighter ZEC	+0.0104%	1h	1,473.4	+0.055%	$19.2M	$50.3M	20x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.7	+0.005%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.4	−0.016%	$72K	$173K	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,473.3	+0.044%	$842K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0281%	1h	1,473.7	+0.072%	$615K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,474.1	+0.103%	$3.8M	$10.4M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0582%	1h	1,473.2	+0.039%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0760%	1h	1,474.7	+0.144%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0776%	1h	1,473.8	+0.082%	$44K	$48K	10x	as long as short