Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0167%/8h= −18.2% APRpaid last 24h −0.013%

Price spread now: GMX against HTX+0.063%7-day average +0.058% · you sell dearer than you buy

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

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.063%, 7d avg +0.058%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,452.5	0.0100	pay 0.0100% / 8h	2h 43m	$2.4M	$24.8M	75x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,453.4	L +0.0036% / S +0.0067%	pay 0.0008% / 1h	43m 44s	$544K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$35
Price spread: +0.063% → +0.058%: $0.5
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$58.5
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; GMX: no order-book sample. 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 HTX live order book, 5 min ago	0.55 bp	8.1 bp −$8	14.2 bp −$142	34.3 bp −$3,432	104.0 bp −$52.0K
Sell GMX no order-book sample	—	—	—	—	—

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 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	−0.3476%	1h	1,437.8	−1.011%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.6	+0.009%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,453.5	+0.066%	$17.6M	$44.3M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,451.8	−0.046%	$28.9M	$74.9M	75x	as long as short
Variational Omni ZEC	−0.0019%	8h	1,451.4	−0.077%	$45.7M	$32.0M	—	as long as short
Bybit ZECUSDT	−0.0006%	8h	1,453.1	+0.043%	$269.0M	$674.8M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,453.4	+0.063%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,451.9	−0.041%	$844K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.8	+0.018%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0005%	1h	1,454.6	+0.144%	$566K	$1.3M	25x	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	1,453.6	+0.078%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0011%	8h	1,453.7	+0.079%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0036% / S +0.0067%	1h	1,453.4	+0.063%	$544K	—	100x
OKX ZEC-USDT-SWAP	+0.0044%	8h	1,454	+0.105%	$171.9M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,453.7	+0.083%	$8K	$8K	5x	as long as short
Aster ZECUSDT	+0.0065%	8h	1,453.6	+0.073%	$15.3M	$35.1M	75x	as long as short
Gate ZEC_USDT	+0.0066%	8h	1,453.8	+0.086%	$49.2M	$185.7M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0074%	1h	1,449.7	−0.193%	$394K	$517K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,454	+0.106%	$17K	$878K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,454.9	+0.162%	$18.7M	$53.9M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,453.6	+0.075%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454	+0.102%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.4	+0.061%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.7	+0.151%	$752.2M	$495.2M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,454.1	+0.111%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.9	+0.099%	$659.3M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	+0.169%	$896K	$37K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.9	+0.095%	$220.3M	$884.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.2	+0.118%	$103.8M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.9	+0.097%	$161.9M	$313.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.9	+0.027%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,454.6	+0.145%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.5	+0.072%	$487K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.3	−0.014%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.2	−0.019%	$706K	$606K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452.4	−0.007%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,453.2	+0.048%	$298K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.3	+0.058%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.5	−0.002%	$442K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.271%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.6	+0.077%	$220K	$4.7M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,452.5	long leg	$2.4M	$24.8M	75x
Phemex ZECUSDT	+0.0100%	8h	1,453.5	+0.072%	$3.7M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.8	+0.023%	$4.6M	$1.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.7	+0.080%	$36K	$362K	20x	as long as short
Extended ZEC-USD	+0.0168%	1h	1,453.7	+0.082%	$3.3M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,454.1	+0.110%	$863K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,455.4	+0.202%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0449%	1h	1,453.7	+0.083%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,455.5	+0.204%	$753K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0712%	1h	1,455.9	+0.234%	$1.9M	$8.4M	10x	as long as short