Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.028%

Price spread now: SunX against gTrade (Gains Network)+0.294%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$368as in the Price arb table

costs, in and out, $10k−$3883.876% of the position

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.294%, 7d avg +0.100%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.195% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ZEC/USD	1,505.6	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	16m 59s	$5.4M	—	150x
Short	SunX ZEC-USDT	1,510	0.0100	get 0.0100% / 8h	7h 16m	$3K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.294%Rate

Funding earned: $19.56
Price spread: +0.294% → +0.100%: $19.47
Slippage, 4 orders: −$369.65
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$348.62
Costs to cover: 3.876%
Break-even: 131.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; SunX: live order book, 6 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), 2 min ago	130.05 bp	135.0 bp −$135	425.9 bp −$4,259	4809.1 bp −$480.9K	doesn't fit
Sell SunX live order book, 6 min ago	29.02 bp	68.1 bp −$68	doesn't fit	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	−0.3702%	1h	1,488.8	−1.113%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,505.6	+0.003%	$62K	$308K	10x	as long as short
Aftermath Perps ZECUSD	−0.0243%	1h	1,506.5	+0.060%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0166%	8h	1,506.3	+0.050%	$31.7M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,506.2	+0.039%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.2	+0.043%	$417K	$30K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,506.6	+0.070%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	1,505.6	long leg	$5.4M	—	150x
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,506.5	+0.062%	$18.4M	$47.5M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,505.7	+0.009%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,506.9	+0.084%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,506.3	+0.047%	$304K	$859K	20x	as long as short
Gate ZEC_USDT	+0.0090%	8h	1,505.3	−0.018%	$60.8M	$187.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,507	+0.091%	$19.6M	$45.5M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,507.1	+0.101%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.6	−0.001%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,506	+0.026%	$16K	$877K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.2	+0.108%	$62K	$16K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,506.4	+0.051%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506.1	+0.034%	$787.0M	$442.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,504.8	−0.053%	$14.1M	$30.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.8	+0.146%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.1	−0.031%	$711.2M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,504.5	−0.071%	$273.2M	$611.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.5	−0.072%	$185.4M	$1.36B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,504.4	−0.079%	$410K	$545K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,507.3	+0.112%	$598K	$8.8M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.1	+0.167%	$776K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.7	+0.008%	$406.0M	$841.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,506.1	+0.035%	$103.0M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,504.7	−0.058%	$163.1M	$291.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,504.8	−0.051%	—	$6.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.3	+0.046%	$49.9M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.3	+0.045%	$550K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.7	+0.071%	$3.1M	$549K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,507.9	+0.151%	$414K	$953K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.4	−0.010%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.2	−0.026%	$374K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,506.1	+0.037%	$168K	$191K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.237%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,510	+0.294%	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,506.2	+0.040%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,505.5	−0.008%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,506.1	+0.031%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,506.4	+0.057%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505.9	+0.021%	$45K	$153K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,506.1	+0.031%	$967K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0159%	1h	1,506	+0.025%	$2.4M	$3.7M	15x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0163% / S −0.0170%	1h	1,505.6	0.000%	$334K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0171%	1h	1,507.1	+0.102%	$690K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,507.3	+0.114%	$3.8M	$9.9M	50x	as long as short