Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.009%
Price spread now: GMX against KuCoin−0.036%7-day average +0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.522%+$52 · spread now −0.036%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZECUSDTM | 1,454.5 | 0.0100 | pay 0.0100% / 8h | 3h 51m | $102.6M | $53.7M | 75x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,454 | L +0.0072% / S −0.0024% | get 0.0003% / 1h | 51m 15s | $408K | — | 100x |
KuCoin ZECUSDTM
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.87
- Price spread: −0.036% → +0.039%
- −$7.49
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$47.36
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 1.27 bp | 9.9 bp −$10 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| 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 | −0.3042% | 1h | 1,455.4 | +0.063% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454 | −0.036% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,454.2 | −0.017% | $29.4M | $70.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.3 | −0.012% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.4 | −0.005% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.4 | −0.072% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.3 | −0.016% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,453.8 | −0.047% | $290K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0072% / S −0.0024% | 1h | 1,454 | −0.036% | $408K | — | 100x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.3 | −0.085% | $173K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,453.7 | −0.054% | $10K | $858K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.9 | −0.040% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.9 | −0.040% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,454.5 | +0.003% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.7 | −0.052% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.2 | −0.017% | $667.9M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,453.6 | −0.061% | $261.0M | $600.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,454.2 | −0.019% | $177.8M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,454.1 | −0.026% | $395K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.032% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.7 | −0.056% | $50.5M | $170.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.2 | −0.017% | $214.4M | $765.2M | 150x | as long as short |
| KuCoin ZECUSDTMlong | +0.0100% | 8h | 1,454.5 | long leg | $102.6M | $53.7M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.4 | −0.006% | $165.4M | $270.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,454.3 | −0.016% | — | $105.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454 | −0.032% | $47.7M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.8 | +0.091% | $566K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.5 | +0.140% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457 | +0.173% | $404K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,455.5 | +0.068% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.8 | −0.047% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454 | −0.030% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.7 | −0.121% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.4 | +0.066% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.2 | −0.019% | $233K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.7 | −0.120% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454.6 | +0.007% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,454.1 | −0.029% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.8 | −0.050% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,453.8 | −0.048% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,457.5 | +0.207% | $4.6M | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,455.4 | +0.065% | $2.1M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0135% | 1h | 1,455.4 | +0.063% | $757.0M | $428.5M | 10x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,455.5 | +0.071% | $19.2M | $44.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0202% | 1h | 1,455.2 | +0.048% | $2.4M | $3.9M | 15x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0210% | 1h | 1,454.7 | +0.016% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,453.5 | −0.068% | $920K | $1.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,454.2 | −0.020% | $18.0M | $45.1M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,455.7 | +0.087% | $686K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,456.9 | +0.167% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0682% | 1h | 1,455.7 | +0.083% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Phoenix ZEC
Lighter RH ZEC
Hyperliquid ZEC
Lighter ZEC
Backpack ZEC_USDC_PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD