Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.009%

Price spread now: GMX against HTX+0.084%7-day average +0.056% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.084%, 7d avg +0.056%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.028% dearer against HTX than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.056%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,475.4	0.0100	pay 0.0100% / 8h	2h 27m	$2.7M	$18.4M	75x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,476.6	L +0.0099% / S −0.0052%	get 0.0007% / 1h	27m 51s	$440K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$10
Price spread: +0.084% → +0.056%: $2.81
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$31.19
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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 HTX live order book, 1 min ago	1.36 bp	8.6 bp −$9	17.0 bp −$170	42.9 bp −$4,286	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3243%	1h	1,473.3	−0.141%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0088%	8h	1,476.8	+0.096%	$30.0M	$71.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.2	+0.123%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476.8	+0.098%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,477	+0.108%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.4	+0.136%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,477.1	+0.116%	$622K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,477	+0.113%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,476.5	+0.079%	$295K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,477.3	+0.129%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0091%	8h	1,475.1	−0.017%	$265.0M	$592.3M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,473.3	−0.138%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.6	+0.149%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0099% / S −0.0052%	1h	1,476.6	+0.084%	$440K	—	100x
Katana Perps ZEC-USD	+0.0100%	8h	1,477.1	+0.116%	$13K	$817K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477.3	+0.133%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,478.1	+0.184%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.8	+0.165%	$769.1M	$420.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.3	+0.063%	$14.4M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.7	+0.021%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476.2	+0.056%	$681.9M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.2	+0.058%	$179.4M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.6	+0.016%	$399K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.200%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.3	+0.130%	$53.3M	$171.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477	+0.114%	$228.1M	$764.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,477.2	+0.123%	$103.9M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.9	+0.106%	$167.1M	$268.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477.2	+0.122%	—	$110.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,471.5	−0.264%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469	−0.430%	$555K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474	−0.090%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470.8	−0.310%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.8	−0.177%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.4	+0.138%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477	+0.108%	$162K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.5	+0.006%	$450K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,478.7	+0.225%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.4	+0.073%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,475.4	long leg	$2.7M	$18.4M	75x
Phemex ZECUSDT	+0.0100%	8h	1,477.3	+0.129%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.2	+0.126%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.5	+0.078%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,478	+0.181%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,476.7	+0.092%	$18.1M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,478.2	+0.195%	$933K	$1.1M	10x	as long as short
Lighter ZEC	+0.0184%	1h	1,477	+0.108%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0399%	1h	1,477.9	+0.170%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,479.7	+0.297%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,478.4	+0.204%	$662K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0717%	1h	1,472.8	−0.174%	$45K	$49K	10x	as long as short