ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h +0.012%

Price spread now: RISEx against GMX−0.039%74s7-day average +0.005% · you buy dearer than you sell

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

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.247%+$25 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now −0.039%, 7d avg +0.005%

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.044% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.247%, so the current rate has only just turned against you. The two prices were read 74 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	GMX ZEC/USD [WBTC.b-USDC]	1,501.1	L +0.0180% / S −0.0163%	pay 0.0022% / 1h	18m 48s	$372K	—	100x
Short	RISEx ZEC/USDC	1,500.5	0.0077	get 0.0010% / 1h	18m 48s	$922K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$21.52
Price spread: −0.039% → +0.005%: −$4.39
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$43.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 3 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 RISEx live order book, 3 min ago	1.63 bp	4.6 bp −$5	9.2 bp −$92	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 exchanges

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	−0.3772%	1h	1,480	−1.406%	$36K	$274K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,501.3	+0.011%	$31.5M	$75.0M	75x	as long as short
Aftermath Perps ZECUSD	−0.0119%	1h	1,501.2	+0.007%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,500.8	−0.021%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0052%	1h	1,498.6	−0.165%	$408K	$507K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,501.3	+0.015%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,501.7	+0.040%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,500.2	−0.059%	$62K	$298K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501	−0.007%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0009%	1h	1,501.1	+0.003%	$18.4M	$47.0M	25x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZEC-USD	+0.0010%	1h	1,499.9	−0.077%	$413K	$34K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0075%	8h	1,500.1	−0.065%	$303K	$857K	20x	as long as short
RISEx ZEC/USDCshort	+0.0077%	1h	1,500.5	−0.039%	$922K	$1.3M	10x
Lighter ZEC	+0.0096%	1h	1,502.2	+0.074%	$19.7M	$41.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,502.6	+0.100%	$2.1M	$7.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,501.1	0.000%	$173K	$1.6M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,500.9	−0.012%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,501.2	+0.009%	$19K	$879K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501.4	+0.022%	$3.1M	$7.2M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,501.8	+0.048%	$787.3M	$430.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,501.2	+0.007%	$14.1M	$27.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,501.5	+0.030%	$1.7M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,501.5	+0.028%	$707.7M	$2.24B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,501.2	+0.006%	$275.6M	$595.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,501.6	+0.036%	$185.1M	$1.32B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,502.1	+0.065%	$597K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.1	−0.468%	$775K	$158K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,501.5	+0.027%	$61.8M	$184.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,501.6	+0.033%	$175.4M	$849.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,501.4	+0.021%	$105.0M	$54.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,501.5	+0.029%	$163.8M	$285.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,501.2	+0.008%	—	$123.1M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,501.9	+0.056%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	+0.011%	$49.5M	$34.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,501.8	+0.046%	$549K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.7	+0.044%	$3.1M	$566K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,501.8	+0.047%	$410K	$958K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,500.5	−0.040%	$112K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,501	−0.005%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,501.1	+0.001%	$167K	$187K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,503.3	+0.145%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,500.7	−0.025%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,501.4	+0.021%	$2.6M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,500.8	−0.018%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,501.4	+0.020%	$2.7M	$7.4M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,500.5	−0.037%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0120%	1h	1,501.4	+0.019%	$687K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0139%	1h	1,502.9	+0.123%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]long	L +0.0180% / S −0.0163%	1h	1,501.1	long leg	$372K	—	100x
Coinbase International ZEC-PERP-INTX	+0.0336%	1h	1,502	+0.064%	$3.9M	$9.7M	50x	as long as short