Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Pacifica against Gate+0.066%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.066%, 7d avg −0.007%

Together, before fees−0.233%+ Points / potential airdropPacifica: Active · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.073% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,472.4	0.0100	pay 0.0100% / 8h	6h 24m	$50.3M	$175.9M	75x
Short	Pacifica ZEC	1,473.4	0.0100	get 0.0013% / 1h	24m 11s	$1.7M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.007%: $7.27
Slippage, 4 orders: −$12.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$28.43
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Pacifica: live order book, 5 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 Gate live order book, 5 min ago	0.03 bp	10.7 bp −$11	15.3 bp −$153	28.6 bp −$2,861	53.7 bp −$26.8K
Sell Pacifica live order book, 5 min ago	0.78 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,459.3	−0.893%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.4	+0.064%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0029%	1h	1,474.1	+0.113%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,472.8	+0.026%	$18.1M	$43.8M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	+0.054%	$415K	$54K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.2	+0.117%	$974K	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473	+0.036%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.6	+0.012%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,472.7	+0.018%	$294K	$1.0M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	+0.135%	$48.1M	$32.8M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,472.6	+0.010%	$385K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473.5	+0.071%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,476.1	+0.249%	$4.7M	$1.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0075%	1h	1,473.2	+0.049%	$613K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473	+0.035%	$173K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0097%	8h	1,472.9	+0.034%	$181.4M	$1.27B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.7	+0.015%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.5	+0.072%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.9	+0.097%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.8	+0.092%	$767.2M	$442.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.5	+0.007%	$14.8M	$30.8M	75x	as long as short
Pacifica ZECshort	+0.0100%	1h	1,473.4	+0.066%	$1.7M	$2.7M	10x
Binance ZECUSDT	+0.0100%	8h	1,473.1	+0.044%	$680.8M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.7	+0.020%	$271.5M	$617.5M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.281%	$896K	$18K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,472.4	long leg	$50.3M	$175.9M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,473.1	+0.044%	$215.9M	$800.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	+0.010%	$103.4M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.1	+0.045%	$163.7M	$283.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.9	+0.028%	—	$100.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.3	+0.196%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475	+0.177%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474	+0.108%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.2	+0.048%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	+0.011%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.6	+0.008%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.2	−0.087%	$458K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475	+0.176%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.8	+0.022%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.9	+0.031%	$2.5M	$18.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.3	+0.057%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.6	+0.010%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.8	+0.024%	$48K	$162K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,474.6	+0.146%	$688K	$8.6M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,474.5	+0.137%	$19.3M	$48.2M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,474.7	+0.151%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.8	+0.089%	$865K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,474.1	+0.113%	$3.6M	$9.4M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0493%	1h	1,475.2	+0.190%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,474.4	+0.134%	$44K	$46K	10x	as long as short