Funding you earn now, next payment 05:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Phemex−0.048%7-day average −0.020% · 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−$307as in the Price arb table
costs, in and out, $10k−$3043.037% of the position
Funding, last 3 days (all we have)−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now −0.048%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.029% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,455.2 | 0.0100 | pay 0.0100% / 8h | 3h 51m | $3.8M | $5.1M | 50x |
| Short | gTrade (Gains Network) ZEC/USD | 1,454.5 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 51m 50s | $5.2M | — | 150x |
Phemex ZECUSDT
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Phemex. 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
- −$19.68
- Price spread: −0.048% → −0.020%
- −$2.85
- Slippage, 4 orders
- −$281.75
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$326.28
- Costs to cover
- 3.037%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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 Phemex live order book, 2 min ago | 3.71 bp | 18.8 bp −$19 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.04 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 | −0.3042% | 1h | 1,455.8 | +0.041% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.3 | +0.144% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,457.2 | +0.137% | $29.6M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.3 | −0.062% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,456.1 | +0.062% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454.9 | −0.018% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,454.5 | −0.048% | $5.2M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,454.4 | −0.054% | $291K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0072% / S −0.0024% | 1h | 1,454.4 | −0.055% | $409K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,455.2 | +0.001% | $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
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-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 | 1,455.4 | +0.015% | $10K | $858K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.9 | −0.089% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456.1 | +0.059% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,453.9 | −0.086% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.7 | −0.101% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.7 | −0.103% | $667.6M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,453 | −0.150% | $260.9M | $600.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453.7 | −0.102% | $177.9M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,454.1 | −0.076% | $395K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.082% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.5 | −0.120% | $50.5M | $170.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453.8 | −0.099% | $214.5M | $765.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.4 | −0.055% | $102.6M | $53.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.9 | −0.087% | $165.3M | $270.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.9 | −0.087% | — | $105.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454 | −0.081% | $47.7M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,454.5 | −0.050% | $566K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,455.1 | −0.006% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,455.5 | +0.020% | $404K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456 | +0.054% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.7 | −0.034% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.5 | −0.045% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,453.3 | −0.127% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.1 | +0.127% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.6 | −0.044% | $233K | $3.3M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.8 | −0.098% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,455.2 | long leg | $3.8M | $5.1M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,453.7 | −0.106% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.6 | −0.042% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,455.6 | +0.025% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,457.7 | +0.170% | $4.6M | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0136% | 1h | 1,454.6 | −0.040% | $2.1M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0138% | 1h | 1,454.7 | −0.034% | $756.7M | $428.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0154% | 1h | 1,455.1 | −0.008% | $614K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,454.6 | −0.039% | $19.2M | $44.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0202% | 1h | 1,455.2 | −0.001% | $2.4M | $3.9M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,455.5 | +0.018% | $921K | $1.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,454.6 | −0.043% | $18.0M | $45.2M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,457.5 | +0.161% | $683K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,457.2 | +0.137% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0679% | 1h | 1,456.1 | +0.062% | $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
KuCoin ZECUSDTM
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Phoenix ZEC
Lighter RH ZEC
Hyperliquid ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD