Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: OKX against Gate+0.022%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.022%, 7d avg −0.002%

Together, before fees−0.040%−$4 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: OKX is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,457.8	0.0100	pay 0.0100% / 8h	5h 15m	$49.8M	$174.7M	75x
Short	OKX ZEC-USDT-SWAP	1,458.1	0.0100	get 0.0100% / 8h	5h 15m	$178.4M	$1.23B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.002%: $2.4
Slippage, 4 orders: −$10.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.06
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	0.34 bp	13.3 bp −$13	19.3 bp −$193	32.2 bp −$3,221	59.5 bp −$29.8K
Sell OKX live order book, 4 min ago	0.03 bp	5.0 bp −$5	7.8 bp −$78	16.1 bp −$1,608	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	−0.3244%	1h	1,463.5	+0.392%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0083%	8h	1,461	+0.226%	$29.3M	$70.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.4	+0.390%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.7	−0.007%	$410K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,464.2	+0.443%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.1	+0.021%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.3	−0.033%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0050%	8h	1,457.8	+0.005%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,457.5	−0.020%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,461.9	+0.287%	$4.6M	$1.4M	10x	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	1,458.1	+0.023%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,457.8	+0.003%	$15K	$875K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457.9	+0.010%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458	+0.016%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.4	+0.045%	$757.8M	$434.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,457.9	+0.013%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.5	+0.053%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.5	−0.021%	$667.5M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,457.6	−0.012%	$264.9M	$605.8M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,458.1	+0.022%	$178.4M	$1.23B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,460.5	+0.189%	$396K	$439K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.1	−0.113%	$882K	$21K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,457.8	long leg	$49.8M	$174.7M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,457.7	−0.004%	$214.4M	$779.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,458.1	+0.026%	$102.1M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.1	+0.025%	$162.4M	$273.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,457.8	+0.001%	—	$97.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,463.7	+0.408%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.2	+0.307%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.6	+0.198%	$570K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.3	+0.310%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461	+0.225%	$411K	$909K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.9	+0.355%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.2	−0.038%	$375K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.8	+0.001%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.6	−0.079%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.1	+0.163%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.6	−0.008%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462	+0.289%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.8	+0.344%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.4	−0.025%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.6	−0.010%	$47K	$153K	20x	as long as short
01 Exchange ZECUSD	+0.0152%	1h	1,458.2	+0.028%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,457.6	−0.010%	$18.0M	$44.6M	25x	as long as short
Lighter ZEC	+0.0232%	1h	1,459.3	+0.106%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,459.2	+0.098%	$701K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0376%	1h	1,461.4	+0.250%	$2.0M	$6.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0398%	1h	1,458.7	+0.066%	$613K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,458.5	+0.051%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,459.4	+0.110%	$3.7M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0689%	1h	1,459.7	+0.137%	$45K	$49K	10x	as long as short