Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.010%
Price spread now: gTrade (Gains Network) against Bulk−0.052%7-day average +0.033% · 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−$2772.771% of the position
Funding, last 3 days (all we have)−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)+1.061%+$106 · spread now −0.052%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.085% cheaper against Bulk than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk ZEC-USD | 1,473.5 | 0.0100 | pay 0.0013% / 1h | 18m 50s | $896K | $39K | 10x |
| Short | gTrade (Gains Network) ZEC/USD | 1,472.7 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 18m 50s | $5.2M | — | 150x |
Bulk ZEC-USD
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Bulk. 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: −0.052% → +0.033%
- −$8.54
- Slippage, 4 orders
- −$260.13
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$305.35
- Costs to cover
- 2.771%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 60 min ago; gTrade (Gains Network): virtual book (oracle venue), just now.
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 Bulk live order book, 60 min ago | 0.03 bp | 3.5 bp −$4 | 5.1 bp −$51 | 10.2 bp −$1,023 | 16.3 bp −$8,136 |
| Sell gTrade (Gains Network) virtual book (oracle venue), just now | 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 | −0.3089% | 1h | 1,474.2 | +0.048% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0262% | 1h | 1,473.3 | −0.014% | $399K | $523K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,472.5 | −0.067% | $17.9M | $44.2M | 25x | as long as short |
| Bybit ZECUSDT | −0.0114% | 8h | 1,471.9 | −0.106% | $274.7M | $652.5M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0106% | 8h | 1,472.6 | −0.061% | $29.7M | $75.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.8 | +0.022% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,472.2 | −0.086% | $47.2M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.3 | +0.057% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.9 | +0.028% | $959K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.9 | −0.039% | $84K | $407K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | 0.0000% | 1h | 1,469.2 | −0.289% | $431K | $843K | 50x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,472.7 | −0.052% | $5.2M | — | 150x | |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,473.7 | +0.014% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,472.4 | −0.075% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471.2 | −0.156% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0034% | 1h | 1,473.6 | +0.009% | $615K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,472.1 | −0.096% | $181.0M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0047% | 8h | 1,472.5 | −0.071% | $51.2M | $187.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.7 | −0.057% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.7 | +0.015% | $19.2M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.2 | −0.024% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.6 | −0.131% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.6 | +0.006% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.1 | +0.040% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.2 | −0.020% | $763.4M | $472.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.066% | $15.0M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.2 | +0.049% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.065% | $683.3M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.4 | +0.063% | $695K | $8.4M | 10x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,473.5 | long leg | $896K | $39K | 10x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.4 | −0.077% | $222.3M | $842.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473 | −0.033% | $103.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.075% | $163.3M | $301.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.2 | −0.088% | — | $102.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | −0.375% | $511K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470 | −0.237% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.3 | −0.013% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.054% | $336K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.088% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.9 | −0.176% | $458K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.7 | +0.079% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.061% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.7 | +0.011% | $2.5M | $22.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.1 | −0.026% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.6 | −0.060% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.7 | −0.052% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.7 | +0.011% | $826K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0417% | 1h | 1,473.2 | −0.020% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474.9 | +0.092% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0464% | 1h | 1,474.9 | +0.094% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0751% | 1h | 1,472.9 | −0.040% | $46K | $47K | 10x | as long as short |
ApeX Omni ZECUSDT
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD