Funding you earn now, next payment 07:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.009%
Price spread now: GMX against KuCoin−0.280%59s7-day average +0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+0.460%+$46 · spread now −0.280%, 7d avg +0.036%
=Funding pays, the price is against you. GMX is 0.316% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.280% now, against its 7-day average of +0.036%). If the spread goes back, that is −$32 on $10k: about 20 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZECUSDTM | 1,481.1 | 0.0100 | pay 0.0100% / 8h | 1h 26m | $101.3M | $57.6M | 75x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,476.9 | L +0.0145% / S −0.0154% | get 0.0019% / 1h | 26m 27s | $478K | — | 100x |
KuCoin ZECUSDTM
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.28
- Price spread: −0.280% → +0.036%
- −$31.57
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$44.29
- Costs to cover
- 0.240%
- Break-even
- 34.5 days
Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 1.36 bp | 9.9 bp −$10 | 15.9 bp −$159 | doesn't fit | 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 | −0.3684% | 1h | 1,462 | −1.284% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0166% | 1h | 1,477.1 | −0.267% | $892K | $9K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0126% | 8h | 1,476.8 | −0.288% | $30.4M | $73.8M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,477 | −0.277% | $17.9M | $46.8M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,477.2 | −0.263% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,479.5 | −0.105% | $411K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477.5 | −0.243% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,479.2 | −0.124% | $62K | $304K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,481.3 | +0.015% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0077% | 8h | 1,476.6 | −0.303% | $297K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps ZECUSD | +0.0083% | 1h | 1,477.4 | −0.244% | $47K | $64K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,480.6 | −0.032% | $165K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,479.7 | −0.088% | $10K | $871K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,480.6 | −0.030% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,480.4 | −0.044% | $13.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,478.4 | −0.179% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,481.2 | +0.011% | $689.9M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,480.9 | −0.011% | $264.5M | $632.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,481.2 | +0.011% | $179.3M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,474.6 | −0.436% | $403K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,478.4 | −0.182% | $54.3M | $183.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,481 | −0.004% | $243.9M | $785.5M | 150x | as long as short |
| KuCoin ZECUSDTMlong | +0.0100% | 8h | 1,481.1 | long leg | $101.3M | $57.6M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,480.9 | −0.008% | $159.5M | $288.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,480.4 | −0.045% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,477.4 | −0.247% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,477.6 | −0.232% | $48.1M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,477.5 | −0.238% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,478.3 | −0.182% | $3.0M | $498K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.6 | −0.300% | $406K | $936K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,477.3 | −0.254% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,480.6 | −0.030% | $356K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,481.1 | +0.004% | $163K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.4 | −0.517% | $450K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.8 | −0.153% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,476.7 | −0.292% | $251K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,476.7 | −0.292% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,477.3 | −0.253% | $3.9M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,478.8 | −0.152% | $61K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,478.5 | −0.171% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,476.7 | −0.297% | $42K | $152K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,481.2 | +0.008% | $927K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,478.9 | −0.147% | $4.7M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,480.8 | −0.019% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0145% / S −0.0154% | 1h | 1,476.9 | −0.280% | $478K | — | 100x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0214% | 1h | 1,477.6 | −0.233% | $675K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,481.5 | +0.032% | $638K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0248% | 1h | 1,479.4 | −0.113% | $2.1M | $7.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0254% | 1h | 1,482.3 | +0.084% | $769.1M | $442.5M | 10x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,479.5 | −0.108% | $19.4M | $45.8M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,477.9 | −0.210% | $3.6M | $9.9M | 50x | as long as short |
Aftermath Perps ZECUSD
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Phoenix ZEC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
Hyperliquid ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX