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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h −0.002%
Price spread now: SunX against GMX+0.140%7-day average +0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on SunX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.068%+$7 on $10k
Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.140%, 7d avg +0.077%
Together, before fees−0.201%−$20 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 0.062% dearer against GMX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ZEC/USD [WBTC.b-USDC]1,498.6L +0.0108% / S −0.0083%pay 0.0013% / 1h6m 10s$405K—100x
ShortSunX ZEC-USDT1,500.70.0100get 0.0100% / 8h2h 06m$3K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against GMX. 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

Funding earned
−$1.63
Price spread: +0.140% → +0.077%
$6.22
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$15.4
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; SunX: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell SunX live order book, 7 min ago29.22 bp67.5 bp −$67doesn't fitdoesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3243%1h1,491.6−0.469%$34K$273K12xas long as short
Bulk ZEC-USD−0.0279%1h1,512.6+0.933%$914K$15K10xas long as short
BloFin ZEC-USDT−0.0124%8h1,499.5+0.059%$30.6M$74.0M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,498.3−0.025%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,498.3−0.024%$416K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,499.6+0.068%$1.7M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,497.8−0.053%$86K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,498.9+0.016%$5.3M—150xas long as short
Orderly PERP_ZEC_USDC+0.0069%8h1,499.1+0.030%$301K$1.1M20xas long as short
01 Exchange ZECUSD+0.0088%1h1,499.2+0.035%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0092%1h1,496.7−0.129%$4.7M$1.3M10xas long as short
Popdex ZECUSDT+0.0096%1h1,498.8+0.008%$152K$1.7M50xas long as short
Nado ZEC-PERP+0.0100%1h1,498.8+0.015%$2.8M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,500.8+0.147%$782.8M$437.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,499+0.026%$14.3M$29.4M75xas long as short
Pacifica ZEC+0.0100%1h1,498.8+0.013%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,499.5+0.060%$696.5M$2.27B75xas long as short
Bybit ZECUSDT+0.0100%8h1,499.3+0.042%$274.7M$620.8M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,499.3+0.045%$181.2M$1.31B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,495.9−0.182%$407K$481K5xas long as short
Gate ZEC_USDT+0.0100%8h1,499.4+0.052%$54.0M$182.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,498.9+0.016%$225.9M$783.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,499.4+0.049%$103.1M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,499.5+0.061%$161.7M$284.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,498−0.043%—$6.7M—as long as short
Variational Omni ZEC+0.0100%8h1,504.3+0.375%$49.1M$33.0M—as long as short
edgeX ZECUSDC+0.0100%4h1,505.7+0.472%$575K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,505.4+0.449%$3.1M$475K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,504.8+0.412%$417K$929K50xas long as short
StandX ZEC-USD+0.0100%1h1,497−0.108%$57K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,498.5−0.009%$363K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,498.9+0.016%$165K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,498.1−0.033%$457K$506K6.7xas long as short
SunX ZEC-USDTshort+0.0100%8h1,500.7+0.140%$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,499.2+0.039%$248K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,498.8+0.009%$2.6M$19.6M75xas long as short
Phemex ZECUSDT+0.0100%8h1,499.2+0.041%$4.0M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,498.60.000%$62K$43K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,498.5−0.010%$13K$856K10xas long as short
Extended ZEC-USD+0.0104%1h1,499+0.023%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,498.6−0.002%$46K$149K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]longL +0.0108% / S −0.0083%1h1,498.6long leg$405K—100x
Kraken Futures PF_ZECUSD+0.0143%1h1,499.2+0.041%$18.2M$46.1M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,498.7+0.001%$935K$1.2M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0189%1h1,499.9+0.082%$710K$1.4M25xas long as short
Lighter RH ZEC+0.0216%1h1,500.8+0.146%$2.1M$7.3M10xas long as short
Lighter ZEC+0.0224%1h1,500.9+0.153%$19.7M$45.9M20xas long as short
Backpack ZEC_USDC_PERP+0.0369%1h1,499.9+0.083%$2.3M$3.8M15xas long as short
Aftermath Perps ZECUSD+0.0432%1h1,500.6+0.131%$50K$61K10xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,501.7+0.208%$3.7M$9.9M50xas long as short
Arcus ZEC-USD+0.0508%1h1,499.6+0.066%$619K$8.5M10xas long as short