Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.012%

Price spread now: OKX against gTrade (Gains Network)−0.046%7-day average −0.002% · 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−$287as in the Price arb table

costs, in and out, $10k−$2822.822% of the position

Long on gTrade (Gains Network)Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.046%, 7d avg −0.002%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.044% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.002%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ZEC/USD	1,498.5	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	51m 18s	$5.3M	—	150x
Short	OKX ZEC-USDT-SWAP	1,497.8	0.0100	get 0.0100% / 8h	51m 18s	$182.5M	$1.35B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $19.56
Price spread: −0.046% → −0.002%: −$4.41
Slippage, 4 orders: −$262.19
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$267.05
Costs to cover: 2.822%
Break-even: 102.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; OKX: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.04 bp	135.0 bp −$135	425.9 bp −$4,259	4809.1 bp −$480.9K	doesn't fit
Sell OKX live order book, 3 min ago	0.03 bp	5.0 bp −$5	9.0 bp −$90	19.5 bp −$1,953	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	−0.3442%	1h	1,491.5	−0.466%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,497.8	−0.049%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0135%	8h	1,496.1	−0.164%	$31.0M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.6	−0.196%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0047%	1h	1,494.1	−0.293%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,499.5	+0.067%	$417K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,497.5	−0.067%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	1,498.5	long leg	$5.3M	—	150x
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,498.3	−0.014%	$18.2M	$46.5M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0062%	1h	1,489.2	−0.621%	$408K	$552K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0082%	8h	1,497.9	−0.038%	$302K	$1.1M	20x	as long as short
Bulk ZEC-USD	+0.0085%	1h	1,492.9	−0.373%	$902K	$7K	10x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496.7	−0.123%	$4.8M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0096%	1h	1,499.8	+0.088%	$8K	$7K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,499.5	+0.067%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,499.1	+0.039%	$14K	$886K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,498.9	+0.028%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,500.2	+0.111%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,499.7	+0.079%	$783.0M	$443.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,498.5	+0.001%	$14.0M	$31.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,499.2	+0.049%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,498.8	+0.017%	$699.7M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,497.3	−0.083%	$268.4M	$628.4M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,497.8	−0.046%	$182.5M	$1.35B	50x
Gate ZEC_USDT	+0.0100%	8h	1,498.7	+0.013%	$55.3M	$181.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.9	+0.027%	$249.1M	$787.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.2	+0.048%	$103.2M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,497.8	−0.047%	$161.6M	$290.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,498.3	−0.012%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,490.6	−0.528%	$48.7M	$35.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.7	−0.257%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,491.3	−0.482%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	−0.196%	$412K	$947K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,497	−0.102%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,499.4	+0.059%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.5	−0.004%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,497	−0.100%	$457K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,500.3	+0.116%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,498.2	−0.022%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.8	−0.045%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.2	−0.022%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,499.3	+0.050%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,497.8	−0.045%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,499.4	+0.061%	$944K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0136%	1h	1,500.3	+0.117%	$2.1M	$7.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0154% / S −0.0171%	1h	1,497.7	−0.054%	$447K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0224%	1h	1,498.8	+0.019%	$684K	$1.4M	25x	as long as short
Lighter ZEC	+0.0288%	1h	1,500.2	+0.112%	$19.7M	$44.8M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,500.1	+0.108%	$615K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,499.2	+0.047%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0495%	1h	1,499.5	+0.065%	$2.3M	$3.9M	15x	as long as short