Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against OKX−0.028%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2812.815% of the position

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.362%+$36 · spread now −0.028%, 7d avg +0.018%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.046% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,463.5	0.0048	pay 0.0048% / 8h	1h 31m	$176.2M	$1.35B	50x
Short	gTrade (Gains Network) ZEC/USD	1,463.1	L +0.0007% / S −0.0006%	get 0.0001% / 1h	31m 32s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.028%Rate

Funding earned: −$8.8
Price spread: −0.028% → +0.018%: −$4.55
Slippage, 4 orders: −$261.47
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$294.83
Costs to cover: 2.815%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 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 OKX live order book, 3 min ago	0.03 bp	6.3 bp −$6	9.2 bp −$92	18.2 bp −$1,821	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.03 bp	135.0 bp −$135	584.7 bp −$5,847	doesn't fit	doesn't fit

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	−0.3310%	1h	1,464	+0.031%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,464.5	+0.064%	$17.8M	$44.9M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0216%	1h	1,460.2	−0.228%	$397K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0097%	8h	1,463.5	−0.005%	$29.3M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.4	−0.007%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0053%	8h	1,462.8	−0.049%	$271.1M	$673.1M	75x	as long as short
Variational Omni ZEC	−0.0025%	8h	1,460.9	−0.178%	$46.5M	$34.0M	—	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L −0.0017% / S +0.0093%	1h	1,463.3	−0.018%	$541K	—	100x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,464.1	+0.040%	$412K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,463.9	+0.026%	$884K	$5.7M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,463.6	+0.005%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,463.1	−0.028%	$5.2M	—	150x
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,463.9	+0.022%	$292K	$1.5M	20x	as long as short
ApeX Omni ZECUSDT	+0.0029%	1h	1,462.7	−0.057%	$429K	$821K	50x	as long as short
Bulk ZEC-USD	+0.0030%	1h	1,466	+0.169%	$905K	$27K	10x	as long as short
Gate ZEC_USDT	+0.0047%	8h	1,463.6	+0.007%	$49.7M	$185.2M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0048%	8h	1,463.5	long leg	$176.2M	$1.35B	50x
01 Exchange ZECUSD	+0.0056%	1h	1,464.3	+0.053%	$8K	$8K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0065%	1h	1,465.1	+0.106%	$596K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0075%	1h	1,464	+0.029%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.8	+0.015%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,464.1	+0.036%	$14K	$862K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.1	−0.029%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,463.7	+0.009%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464.4	+0.061%	$759.1M	$485.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.3	−0.020%	$15.6M	$33.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.8	+0.016%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.8	+0.017%	$674.6M	$2.49B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.5	−0.004%	$222.8M	$862.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.8	+0.015%	$103.7M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463.5	−0.005%	$161.9M	$306.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.7	−0.059%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,462.1	−0.097%	$510K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.6	+0.005%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,463.9	+0.025%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.5	−0.003%	$344K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.2	−0.024%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.4	−0.079%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,466	+0.168%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.2	+0.044%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.8	−0.053%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.8	+0.084%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.6	+0.006%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.5	+0.066%	$37K	$367K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,464.8	+0.089%	$19.0M	$52.6M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0183%	1h	1,464.9	+0.096%	$2.3M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,464.1	+0.038%	$842K	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,465.5	+0.133%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,465.6	+0.138%	$3.7M	$11.6M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,465.2	+0.117%	$738K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0553%	1h	1,464.6	+0.072%	$40K	$34K	10x	as long as short