Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.006%

Price spread now: GMX against Gate+0.344%7-day average +0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.516%+$52 · spread now +0.344%, 7d avg +0.038%

Together, before fees+0.446%+$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.306% dearer against Gate than usual: you sell high and buy low (spread +0.344% now, against its 7-day average of +0.038%): +$31 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,450.3	0.0061	pay 0.0061% / 8h	2h 54m	$49.2M	$185.0M	75x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,455.3	L +0.0041% / S +0.0061%	pay 0.0008% / 1h	54m 35s	$536K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.344%Rate

Funding earned: −$25.7
Price spread: +0.344% → +0.038%: $30.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$22.11
Costs to cover: 0.270%
Break-even: from the start

Slippage unknown: Gate: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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, 4 min ago	0.03 bp	10.8 bp −$11	18.0 bp −$180	31.6 bp −$3,156	58.7 bp −$29.4K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3476%	1h	1,437.6	−0.874%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451	+0.046%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,454.9	+0.318%	$17.6M	$44.9M	25x	as long as short
BloFin ZEC-USDT	−0.0065%	8h	1,454.9	+0.320%	$29.2M	$76.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	+0.076%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDT	−0.0015%	8h	1,449.5	−0.054%	$268.4M	$678.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.4	+0.080%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.2	+0.268%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.9	+0.039%	$82K	$400K	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0006%	8h	1,455.4	+0.352%	$292K	$1.5M	20x	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	1,455.5	+0.359%	$5.2M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,449.9	−0.025%	$171.9M	$1.36B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0041% / S +0.0061%	1h	1,455.3	+0.344%	$536K	—	100x
Phoenix ZEC	+0.0045%	1h	1,450.4	+0.006%	$4.6M	$1.6M	10x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,454	+0.254%	$8K	$8K	5x	as long as short
Aster ZECUSDT	+0.0054%	8h	1,451.4	+0.076%	$15.1M	$35.2M	75x	as long as short
Gate ZEC_USDTlong	+0.0061%	8h	1,450.3	long leg	$49.2M	$185.0M	75x
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,449.9	−0.026%	$393K	$522K	5x	as long as short
Polymarket Perps ZEC-USD	+0.0086%	1h	1,450.3	+0.001%	$298K	$2.1M	10x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,450.4	+0.010%	$17K	$886K	10x	as long as short
MEXC ZEC_USDT	+0.0095%	8h	1,450.7	+0.027%	$219.6M	$878.8M	150x	as long as short
Binance ZECUSDT	+0.0096%	8h	1,450	−0.022%	$657.7M	$2.55B	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,450.1	−0.010%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.5	+0.018%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.5	+0.086%	$3.0M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,451.2	+0.063%	$751.4M	$491.4M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.3	+0.073%	$1.6M	$3.1M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454.9	+0.318%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,451.5	+0.083%	$103.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450.7	+0.030%	$162.1M	$317.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,450.8	+0.034%	—	$108.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,456.3	+0.414%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	+0.041%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.2	+0.136%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	+0.016%	$705K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,455.2	+0.339%	$109K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451	+0.051%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.1	+0.262%	$442K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.421%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,455.2	+0.341%	$220K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.3	+0.140%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.9	+0.321%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.5	+0.363%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,452.5	+0.152%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,451	+0.050%	$861K	$2.5M	10x	as long as short
Extended ZEC-USD	+0.0400%	1h	1,450.6	+0.026%	$3.3M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0419%	1h	1,456.4	+0.421%	$570K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,458.3	+0.552%	$3.7M	$11.6M	50x	as long as short
Aftermath Perps ZECUSD	+0.0463%	1h	1,454.4	+0.281%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,452.9	+0.184%	$752K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0624%	1h	1,453.2	+0.202%	$2.0M	$8.4M	10x	as long as short