Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h −0.125%

Price spread now: Gate against Aftermath Perps+0.058%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.058% dearer against Aftermath Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ZECUSD	1,514.6	−0.0124	get 0.0015% / 1h	51m 46s	$48K	$59K	10x
Short	Gate ZEC_USDT	1,515.5	0.0069	get 0.0069% / 8h	7h 51m	$60.1M	$183.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now +0.058%Rate

Funding earned: $40.49
Price spread: +0.058% → 0.000%: $5.79
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $22.28
Costs to cover: 0.240%
Break-even: 3.1 days

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 2 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.03 bp	12.5 bp −$13	18.0 bp −$180	31.5 bp −$3,155	52.3 bp −$26.1K

Aftermath Perps: 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	−0.3702%	1h	1,494.3	−1.341%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	+0.043%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,512.8	−0.122%	$62K	$305K	10x	as long as short
BloFin ZEC-USDT	−0.0163%	8h	1,517.2	+0.167%	$31.8M	$77.1M	75x	as long as short
Aftermath Perps ZECUSDlong	−0.0124%	1h	1,514.6	long leg	$48K	$59K	10x
Hotstuff ZEC-PERP	−0.0080%	1h	1,516.6	+0.132%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,516.4	+0.116%	$421K	$34K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,517.9	+0.214%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,517.4	+0.186%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,516	+0.089%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,516	+0.094%	$18.3M	$47.8M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0058%	1h	1,517	+0.154%	$693K	$1.4M	25x	as long as short
Gate ZEC_USDTshort	+0.0069%	8h	1,515.5	+0.058%	$60.1M	$183.2M	75x
Phoenix ZEC	+0.0082%	1h	1,514.7	+0.002%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,516.6	+0.130%	$306K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,516.6	+0.132%	$19.6M	$44.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,517	+0.158%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,517.6	+0.197%	$173K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,517.2	+0.171%	$63K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,517	+0.158%	$16K	$901K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,517.8	+0.213%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,516.1	+0.097%	$793.1M	$446.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,515.9	+0.085%	$14.2M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,517.8	+0.211%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,516.5	+0.124%	$716.4M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,515.8	+0.080%	$273.4M	$629.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,516.1	+0.097%	$183.4M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,509.5	−0.338%	$413K	$553K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,517.6	+0.196%	$597K	$9.0M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,515.3	+0.044%	$414.2M	$827.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,516.2	+0.101%	$103.5M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,516.9	+0.150%	$163.8M	$294.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,516.2	+0.101%	—	$120.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,509.2	−0.359%	$49.7M	$35.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,512.9	−0.113%	$580K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,519.6	+0.329%	$3.1M	$519K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,517.6	+0.193%	$417K	$950K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,514.6	−0.003%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,517.6	+0.197%	$377K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,517.2	+0.171%	$169K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,512.3	−0.152%	$452K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,519.1	+0.292%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,515.8	+0.074%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,515.8	+0.077%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516.3	+0.109%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,516	+0.092%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,516	+0.088%	$43K	$150K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0154% / S −0.0155%	1h	1,516.8	+0.144%	$337K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,517.7	+0.202%	$967K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,516.3	+0.112%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0513%	1h	1,516.2	+0.103%	$2.4M	$3.8M	15x	as long as short