Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: SunX against Gate+0.182%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1411.406% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.182%, 7d avg +0.108%

Together, before fees+0.402%+$40 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: SunX is 0.074% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,456.3	0.0100	pay 0.0100% / 8h	3h 26m	$51.3M	$171.6M	75x
Short	SunX ZEC-USDT	1,459	0.0100	get 0.0100% / 8h	3h 26m	$4K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → +0.108%: $7.36
Slippage, 4 orders: −$117.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$133.25
Costs to cover: 1.406%
Break-even: never at this rate

Slippage from Gate: live order book, 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 Gate live order book, 2 min ago	0.45 bp	10.8 bp −$11	15.0 bp −$150	28.7 bp −$2,873	55.0 bp −$27.5K
Sell SunX live order book, 6 min ago	29.03 bp	68.8 bp −$69	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	−0.3042%	1h	1,457.6	+0.089%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.7	+0.028%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,456.5	+0.012%	$29.4M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.3	−0.001%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,456.3	−0.005%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.3	0.000%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,456.1	−0.016%	$291K	$944K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0084% / S −0.0034%	1h	1,456.4	+0.002%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.7	+0.027%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.8	+0.033%	$14K	$820K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.8	+0.029%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.7	+0.024%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.4	+0.008%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457	+0.044%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.5	+0.013%	$670.1M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,455.9	−0.031%	$260.9M	$599.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.4	+0.004%	$178.7M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.043%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,453.9	−0.169%	$878K	$18K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,456.3	long leg	$51.3M	$171.6M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,456.5	+0.013%	$218.5M	$770.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.5	+0.009%	$102.8M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.7	+0.025%	$165.7M	$270.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.1	−0.013%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457	+0.047%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.1	−0.016%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.5	+0.012%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457.4	+0.073%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.2	−0.009%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.5	+0.012%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.4	+0.002%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455	−0.092%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,459	+0.182%	$4K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,456.3	−0.003%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456	−0.025%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.7	+0.022%	$3.8M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,457.8	+0.102%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.3	−0.003%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.1	−0.014%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,456.9	+0.037%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,457.4	+0.071%	$8K	$7K	5x	as long as short
Kalshi KXZECPERP	+0.0142%	8h	1,457.1	+0.051%	$1.5M	$4.4M	2.2x	as long as short
Hyperliquid ZEC	+0.0148%	1h	1,457.8	+0.101%	$758.9M	$426.0M	10x	as long as short
Lighter ZEC	+0.0152%	1h	1,457.8	+0.103%	$19.2M	$45.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0167%	1h	1,457	+0.043%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,456.7	+0.025%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0273%	1h	1,456.8	+0.035%	$613K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,456	−0.022%	$18.0M	$45.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,458.4	+0.144%	$697K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,459	+0.183%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0673%	1h	1,456.1	−0.013%	$45K	$49K	10x	as long as short