Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%
Price spread now: gTrade (Gains Network) against SunX−0.140%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$392as in the Price arb table
costs, in and out, $10k−$3883.881% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.094%−$9 on $10k
Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.140%, 7d avg −0.098%
Together, before fees+0.178%+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.043% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,497.20.0100pay 0.0100% / 8h2h 21m$3K$1.1M20x
ShortgTrade (Gains Network) ZEC/USD1,495.1L +0.0007% / S −0.0007%get 0.0001% / 1h21m 13s$5.3M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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

Funding earned
−$19.55
Price spread: −0.140% → −0.098%
−$4.26
Slippage, 4 orders
−$370.15
Fee SunX: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$411.96
Costs to cover
3.881%
Break-even
never at this rate
Slippage from SunX: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 2 min ago29.02 bp49.8 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.05 bp135.1 bp −$135584.7 bp −$5,847doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3243%1h1,493−0.282%$34K$273K12xas long as short
BloFin ZEC-USDT−0.0108%8h1,493.9−0.226%$30.3M$72.6M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,493−0.281%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,493−0.281%$415K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,496.7−0.033%$1.6M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,494.9−0.155%$85K$239K10xas long as short
gTrade (Gains Network) ZEC/USDshortL +0.0007% / S −0.0007%1h1,495.1−0.140%$5.3M150x
Orderly PERP_ZEC_USDC+0.0063%8h1,494.4−0.189%$299K$896K20xas long as short
01 Exchange ZECUSD+0.0064%1h1,496.5−0.051%$8K$7K5xas long as short
Phoenix ZEC+0.0092%1h1,475.1−1.478%$4.7M$1.3M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZECUSDT+0.0095%8h1,494.5−0.186%$268.2M$602.6M75xas long as short
Popdex ZECUSDT+0.0096%1h1,496.8−0.027%$181K$1.6M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,496.8−0.032%$12K$830K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,493.3−0.262%$62K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,495−0.146%$2.8M$6.4M10xas long as short
Hyperliquid ZEC+0.0100%1h1,498.8+0.105%$781.6M$424.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,494.6−0.178%$14.7M$28.6M75xas long as short
Pacifica ZEC+0.0100%1h1,492.9−0.287%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,494.6−0.174%$693.7M$2.19B75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,495.6−0.110%$180.7M$1.25B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,489−0.550%$403K$438K5xas long as short
Bulk ZEC-USD+0.0100%1h1,479.3−1.199%$894K$15K10xas long as short
Gate ZEC_USDT+0.0100%8h1,496.6−0.041%$54.2M$174.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,495.6−0.108%$229.9M$768.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,495.2−0.138%$106.0M$53.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,496.1−0.079%$168.1M$270.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,496.8−0.027%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,473.7−1.573%$48.3M$32.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,479.1−1.213%$558K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,481.5−1.053%$3.0M$462K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,481.5−1.052%$410K$927K50xas long as short
StandX ZEC-USD+0.0100%1h1,484−0.881%$50K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,495.8−0.096%$369K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,494.8−0.160%$164K$183K20xas long as short
Derive ZEC-PERP+0.0100%1h1,493.6−0.246%$456K$506K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,497.2long leg$3K$1.1M20x
SoDEX ZEC-USD+0.0100%1h1,494.2−0.200%$247K$3.3M10xas long as short
HTX ZEC-USDT+0.0100%8h1,492.3−0.329%$2.5M$19.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,494.3−0.193%$3.9M$4.8M50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0101% / S −0.0053%1h1,494.8−0.164%$449K100xas long as short
Extended ZEC-USD+0.0104%1h1,494.7−0.168%$2.8M$7.8M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,495.1−0.139%$45K$153K20xas long as short
Lighter RH ZEC+0.0120%1h1,495.7−0.102%$2.1M$7.2M10xas long as short
Kraken Futures PF_ZECUSD+0.0144%1h1,494.2−0.201%$18.2M$45.8M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,494.6−0.175%$940K$1.1M10xas long as short
Lighter ZEC+0.0184%1h1,495.5−0.116%$19.7M$44.2M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0373%1h1,495.5−0.117%$636K$1.3M25xas long as short
Backpack ZEC_USDC_PERP+0.0411%1h1,495.6−0.107%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,496.2−0.070%$3.8M$9.5M50xas long as short
Arcus ZEC-USD+0.0508%1h1,494.2−0.201%$640K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0709%1h1,480.6−1.109%$45K$49K10xas long as short