Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.008%

Price spread now: Gate against StandX−0.059%49s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$380.381% of the position

Long on StandX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.059%, 7d avg −0.012%

Together, before fees−0.241%+ Points / potential airdropStandX: Active · farm board−$24 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 Gate is 0.047% cheaper against StandX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 49 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	StandX ZEC-USD	1,451.1	0.0100	pay 0.0013% / 1h	54m 43s	$109K	$4.8M	30x
Short	Gate ZEC_USDT	1,450.3	0.0061	get 0.0061% / 8h	2h 54m	$49.2M	$185.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against StandX. 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 StandXbpFee GatebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$8.19
Price spread: −0.059% → −0.012%: −$4.65
Slippage, 4 orders: −$15.09
Fee StandX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.94
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from StandX: 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 StandX live order book, 4 min ago	4.99 bp	9.4 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.03 bp	8.7 bp −$9	12.5 bp −$125	24.5 bp −$2,451	48.9 bp −$24.4K

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	1,437.6	−0.932%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452	+0.059%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,454.9	+0.259%	$17.6M	$44.9M	25x	as long as short
BloFin ZEC-USDT	−0.0065%	8h	1,454.9	+0.261%	$29.2M	$76.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	+0.018%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDT	−0.0015%	8h	1,450.3	−0.058%	$268.4M	$678.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.4	+0.021%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.2	+0.209%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.7	+0.174%	$82K	$400K	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0006%	8h	1,455.4	+0.293%	$292K	$1.5M	20x	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	1,455.5	+0.300%	$5.2M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,450.1	−0.074%	$172.1M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,454	+0.195%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0041% / S +0.0061%	1h	1,455.3	+0.285%	$536K	—	100x	as long as short
Phoenix ZEC	+0.0045%	1h	1,450.4	−0.052%	$4.6M	$1.6M	10x	as long as short
Aster ZECUSDT	+0.0054%	8h	1,452.9	+0.121%	$15.1M	$35.2M	75x	as long as short
Gate ZEC_USDTshort	+0.0061%	8h	1,450.3	−0.059%	$49.2M	$185.0M	75x
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,449.9	−0.085%	$393K	$522K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,450.4	−0.049%	$17K	$886K	10x	as long as short
MEXC ZEC_USDT	+0.0095%	8h	1,450.7	−0.032%	$219.6M	$878.8M	150x	as long as short
Binance ZECUSDT	+0.0096%	8h	1,451.1	−0.003%	$658.2M	$2.55B	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,454.1	+0.207%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.5	−0.040%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455	+0.269%	$3.0M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453	+0.131%	$752.4M	$491.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.3	+0.014%	$1.6M	$3.1M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454.9	+0.259%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,451.5	+0.025%	$103.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450.4	−0.053%	$162.1M	$316.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451.2	+0.008%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,456.3	+0.355%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	−0.018%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.2	+0.077%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	−0.043%	$705K	$604K	50x	as long as short
StandX ZEC-USDlong	+0.0100%	1h	1,451.1	long leg	$109K	$4.8M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,454.8	+0.253%	$299K	$2.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,455.1	+0.276%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.1	+0.204%	$442K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.362%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,455.2	+0.283%	$220K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.3	+0.081%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.9	+0.262%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.5	+0.304%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,452.5	+0.093%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,451	−0.008%	$861K	$2.5M	10x	as long as short
Extended ZEC-USD	+0.0400%	1h	1,450.6	−0.033%	$3.3M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0419%	1h	1,456.4	+0.362%	$570K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,458.3	+0.493%	$3.7M	$11.6M	50x	as long as short
Aftermath Perps ZECUSD	+0.0463%	1h	1,454.4	+0.223%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,452.9	+0.125%	$752K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0624%	1h	1,453.2	+0.143%	$2.0M	$8.4M	10x	as long as short