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 +0.007%

Price spread now: Gate against GRVT−0.060%66s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.332% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$26 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.060%, 7d avg −0.001%

Together, before fees−0.152%+ Points / potential airdropGRVT: Active · farm board−$15 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: Gate is 0.059% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 66 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	GRVT ZEC_USDT_Perp	1,468.3	0.0100	pay 0.0100% / 8h	7h 20m	$3.0M	$447K	10x
Short	Gate ZEC_USDT	1,467.4	0.0100	get 0.0100% / 8h	7h 20m	$50.8M	$180.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.001%: −$5.91
Slippage, 4 orders: −$9.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.11
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Gate: 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 GRVT live order book, 4 min ago	1.16 bp	5.7 bp −$6	7.3 bp −$73	12107.6 bp −$1.21M	100460.2 bp −$50.23M
Sell Gate live order book, 4 min ago	0.34 bp	8.8 bp −$9	14.0 bp −$140	28.3 bp −$2,832	51.8 bp −$25.9K

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	−0.3321%	1h	1,468.6	+0.020%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,467.6	−0.051%	$17.8M	$43.0M	25x	as long as short
BloFin ZEC-USDT	−0.0114%	8h	1,469.4	+0.070%	$29.8M	$72.9M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0114%	1h	1,467.4	−0.063%	$399K	$517K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	−0.051%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0038%	8h	1,469.1	+0.054%	$47.6M	$33.7M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.4	+0.007%	$414K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,467.6	−0.049%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.5	+0.082%	$958K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,466.8	−0.106%	$83K	$405K	10x	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	1,467.3	−0.069%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0017%	8h	1,467.2	−0.075%	$293K	$1.1M	20x	as long as short
Bybit ZECUSDT	+0.0051%	8h	1,467.1	−0.086%	$273.7M	$633.2M	75x	as long as short
Phoenix ZEC	+0.0054%	1h	1,469.3	+0.069%	$4.6M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,467.4	−0.061%	$377K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0056%	8h	1,467.2	−0.078%	$182.0M	$1.30B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.2	−0.075%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.4	−0.061%	$19K	$838K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.3	−0.067%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.1	−0.015%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.5	+0.012%	$761.3M	$452.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.7	−0.039%	$14.9M	$31.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.7	−0.044%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.3	−0.067%	$683.5M	$2.37B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,469.6	+0.086%	$702K	$8.5M	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,467.4	−0.060%	$50.8M	$180.0M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,467.4	−0.062%	$229.9M	$827.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.3	−0.067%	$104.5M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.2	−0.076%	$163.3M	$292.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,466.8	−0.101%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466.9	−0.095%	$571K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perplong	+0.0100%	8h	1,468.3	long leg	$3.0M	$447K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.3	−0.067%	$429K	$869K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.7	+0.027%	$110K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.3	−0.069%	$340K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.4	−0.062%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.5	−0.189%	$457K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.6	+0.087%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.3	−0.068%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.9	−0.096%	$2.5M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.9	−0.027%	$3.8M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.7	+0.230%	$895K	$24K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.2	−0.077%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.2	−0.078%	$54K	$168K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0150%	1h	1,467.9	−0.026%	$604K	$1.3M	25x	as long as short
Lighter ZEC	+0.0216%	1h	1,469.1	+0.054%	$19.1M	$50.4M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,468.4	+0.009%	$852K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,469.2	+0.063%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0530%	1h	1,469.6	+0.090%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0762%	1h	1,469	+0.043%	$43K	$46K	10x	as long as short
Lighter RH ZEC	+0.0776%	1h	1,469.5	+0.081%	$2.0M	$8.2M	10x	as long as short