Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.031%

Price spread now: RISEx against Gate−0.002%7-day average +0.026% · 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−$35as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.259%+$26 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.002%, 7d avg +0.026%

Together, before fees+0.272%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and RISEx is 0.028% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.259%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,495.9	0.0100	pay 0.0100% / 8h	5h 48m	$62.5M	$172.1M	75x
Short	RISEx ZEC/USDC	1,495.9	0.0032	get 0.0004% / 1h	48m 32s	$919K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$14.18
Price spread: −0.002% → +0.026%: −$2.79
Slippage, 4 orders: −$10.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$48.92
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; RISEx: 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 Gate live order book, 4 min ago	0.57 bp	9.8 bp −$10	16.4 bp −$164	31.4 bp −$3,140	58.1 bp −$29.1K
Sell RISEx live order book, 3 min ago	2.54 bp	5.5 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,490.6	−0.358%	$36K	$267K	12x	as long as short
ApeX Omni ZECUSDT	−0.0282%	1h	1,498.8	+0.192%	$410K	$949K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0219%	1h	1,496.7	+0.051%	$408K	$497K	5x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,498.2	+0.151%	$32.0M	$72.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0095%	1h	1,501.5	+0.372%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.513%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,497.1	+0.076%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.9	+0.200%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.8	−0.008%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.509%	$5.4M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0024%	1h	1,496.1	+0.013%	$8K	$6K	5x	as long as short
RISEx ZEC/USDCshort	+0.0032%	1h	1,495.9	−0.002%	$919K	$1.3M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0058%	1h	1,498.9	+0.196%	$683K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.532%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,497.9	+0.129%	$302K	$855K	20x	as long as short
Aster ZECUSDT	+0.0089%	8h	1,496	+0.007%	$14.0M	$27.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,497.6	+0.110%	$19.9M	$39.1M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,498	+0.135%	$2.0M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496	+0.006%	$169K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.2	−0.047%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,497.9	+0.132%	$18.4M	$46.0M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,496.2	+0.019%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.6	+0.044%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,497.3	+0.092%	$786.8M	$430.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497	+0.072%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496.6	+0.042%	$703.5M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496.2	+0.020%	$274.4M	$588.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.1	+0.012%	$185.0M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,497.2	+0.086%	$596K	$8.4M	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,495.9	long leg	$62.5M	$172.1M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,496.5	+0.035%	$180.6M	$825.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.7	+0.048%	$104.8M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.4	+0.031%	$163.4M	$278.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,496.4	+0.031%	—	$122.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,497.5	+0.105%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.2	+0.218%	$49.3M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.3	+0.225%	$548K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503	+0.474%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,498.4	+0.166%	$111K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.3	+0.025%	$367K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.6	+0.179%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,500.5	+0.304%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,497.8	+0.126%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.8	+0.127%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.2	+0.149%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.641%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.1	+0.015%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498	+0.137%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,502.3	+0.428%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,499.8	+0.255%	$3.9M	$9.4M	50x	as long as short