ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.030%

Price spread now: gTrade (Gains Network) against GMX−0.002%7-day average −0.022% · you buy dearer than you sell

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

Long on GMX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.002%, 7d avg −0.022%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZEC/USD [WBTC.b-USDC]	1,472.2	L +0.0055% / S −0.0009%	pay 0.0007% / 1h	23m 22s	$385K	—	100x
Short	gTrade (Gains Network) ZEC/USD	1,472.2	L +0.0007% / S −0.0006%	get 0.0001% / 1h	23m 22s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GMX. 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 GMXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.002%Rate

Funding earned: −$10.21
Price spread: −0.002% → −0.022%: $1.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.26
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 1 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.02 bp	135.0 bp −$135	584.7 bp −$5,847	doesn't fit	doesn't fit

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 50 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	−0.3678%	1h	1,459.3	−0.877%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	+0.028%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0029%	1h	1,471.4	−0.055%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,472.8	+0.038%	$18.1M	$43.8M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	+0.070%	$415K	$54K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.2	+0.133%	$974K	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.5	+0.017%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,472.2	−0.002%	$5.2M	—	150x
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,472.2	−0.003%	$294K	$1.0M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	+0.151%	$48.1M	$32.8M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]long	L +0.0055% / S −0.0009%	1h	1,472.2	long leg	$385K	—	100x
Phoenix ZEC	+0.0070%	1h	1,476.1	+0.265%	$4.7M	$1.5M	10x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,472.7	+0.031%	$8K	$9K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.4	+0.011%	$173K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0097%	8h	1,472.2	−0.002%	$181.3M	$1.27B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.2	+0.001%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.4	+0.012%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.9	+0.050%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.2	+0.068%	$766.9M	$442.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472	−0.013%	$14.8M	$30.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.8	+0.037%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.3	+0.006%	$680.5M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.1	−0.008%	$271.4M	$617.3M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.297%	$896K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,472	−0.016%	$50.3M	$175.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.3	+0.003%	$215.8M	$800.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.2	−0.001%	$103.4M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.4	+0.013%	$163.6M	$283.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.1	−0.006%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.3	+0.212%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.8	+0.105%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.6	+0.160%	$429K	$898K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.1	+0.064%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.1	−0.007%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.3	+0.005%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.7	−0.101%	$457K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.2	+0.138%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.2	+0.002%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.9	+0.047%	$2.5M	$18.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.3	+0.073%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.2	−0.001%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.3	+0.007%	$48K	$162K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0214%	1h	1,473	+0.052%	$613K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,474.1	+0.127%	$690K	$8.6M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,474	+0.119%	$19.3M	$48.2M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,474.5	+0.153%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.1	+0.061%	$865K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,473.6	+0.093%	$3.6M	$9.4M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0492%	1h	1,473.4	+0.081%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0737%	1h	1,474.1	+0.128%	$44K	$46K	10x	as long as short