Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.030%

Price spread now: RISEx against Gate−0.007%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.261%+$26 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.007%, 7d avg +0.025%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.032% cheaper against Gate than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.025%). If the spread goes back, that is −$3 on $10k: about 47 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.261% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,505.5	0.0100	pay 0.0100% / 8h	2h 18m	$54.7M	$176.7M	75x
Short	RISEx ZEC/USDC	1,505.4	0.0154	get 0.0019% / 1h	18m 44s	$947K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.007%Rate

Funding earned: $11.41
Price spread: −0.007% → +0.025%: −$3.2
Slippage, 4 orders: −$12.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$25.44
Costs to cover: 0.337%
Break-even: 22.6 days

Slippage from Gate: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago	0.27 bp	11.4 bp −$11	18.2 bp −$182	31.4 bp −$3,144	58.6 bp −$29.3K
Sell RISEx live order book, 5 min ago	2.06 bp	5.1 bp −$5	9.4 bp −$94	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	−0.3243%	1h	1,478	−1.829%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0152%	8h	1,501.8	−0.244%	$30.2M	$73.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,510.3	+0.318%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.8	+0.087%	$419K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,510	+0.302%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502.5	−0.196%	$86K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,502.6	−0.190%	$713K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,502.3	−0.215%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,506	+0.037%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,502.3	−0.215%	$303K	$898K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,496	−0.632%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,504.8	−0.048%	$140K	$1.7M	50x	as long as short
Bybit ZECUSDT	+0.0098%	8h	1,506.6	+0.073%	$272.9M	$609.3M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.3	+0.121%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.2	−0.087%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,507.8	+0.153%	$788.1M	$430.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,506.4	+0.058%	$14.8M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.3	+0.123%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,506.2	+0.047%	$699.1M	$2.22B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,506.7	+0.083%	$181.3M	$1.28B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−0.192%	$403K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−1.741%	$894K	$15K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,505.5	long leg	$54.7M	$176.7M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,506.1	+0.043%	$228.2M	$772.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.4	−0.006%	$105.9M	$54.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,506.8	+0.090%	$169.4M	$273.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,506.4	+0.062%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−0.718%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−0.833%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−1.596%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−1.595%	$410K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,506.5	+0.065%	$53K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.2	−0.086%	$371K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.7	−0.183%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,501.3	−0.281%	$458K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.4	−0.074%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.3	−0.210%	$248K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,501.1	−0.294%	$2.6M	$19.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,502.9	−0.175%	$4.0M	$4.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.8	+0.021%	$13K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0102% / S −0.0073%	1h	1,502.4	−0.204%	$402K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.4	−0.008%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.3	−0.212%	$46K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,508	+0.165%	$2.2M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,502.2	−0.221%	$18.3M	$45.9M	25x	as long as short
RISEx ZEC/USDCshort	+0.0154%	1h	1,505.4	−0.007%	$947K	$1.1M	10x
Lighter ZEC	+0.0200%	1h	1,508.1	+0.172%	$19.8M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0451%	1h	1,504.5	−0.066%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,504.8	−0.047%	$3.7M	$9.8M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,505.6	+0.010%	$622K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0687%	1h	1,487.9	−1.171%	$50K	$60K	10x	as long as short