Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.007%

Price spread now: GMX against OKX+0.052%7-day average +0.035% · you sell dearer than you buy

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.052%, 7d avg +0.035%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,495.8	0.0100	pay 0.0100% / 8h	1h 10m	$182.7M	$1.34B	50x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,496.6	L +0.0134% / S −0.0129%	get 0.0016% / 1h	10m 48s	$396K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $6
Price spread: +0.052% → +0.035%: $1.78
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$14.22
Costs to cover: 0.220%
Break-even: 23.6 days

Slippage unknown: OKX: 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 OKX live order book, 3 min ago	0.03 bp	5.9 bp −$6	9.9 bp −$99	17.9 bp −$1,786	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 50 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	1,479.6	−1.082%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,496.3	+0.036%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0150%	8h	1,496.5	+0.051%	$30.5M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,498	+0.148%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,497.8	+0.136%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,497.3	+0.100%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.5	+0.183%	$1.5M	$4.6M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.6	−0.013%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0017%	1h	1,495.7	−0.002%	$48K	$64K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0051%	1h	1,497.8	+0.135%	$684K	$1.4M	25x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,496.7	+0.064%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,497	+0.085%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,497	+0.082%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,497	+0.084%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,497.6	+0.123%	$3.1M	$7.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495.4	−0.028%	$14.0M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497.8	+0.138%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495.7	−0.005%	$696.8M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495.5	−0.016%	$267.7M	$631.7M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,495.8	long leg	$182.7M	$1.34B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,496.3	+0.035%	$408K	$552K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.102%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.5	−0.017%	$55.0M	$186.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,495.5	−0.021%	$244.5M	$797.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.1	+0.019%	$103.1M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,495.8	+0.001%	$160.9M	$289.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,494.8	−0.066%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,496.1	+0.023%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.9	+0.072%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,494.6	−0.080%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.9	−0.059%	$411K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,497.2	+0.096%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,497.8	+0.136%	$359K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,497.2	+0.092%	$165K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499.6	+0.254%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,497.7	+0.128%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.9	+0.144%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497.5	+0.116%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495.4	−0.027%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,497.7	+0.127%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,497.5	+0.116%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,497.5	+0.117%	$941K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,494.9	−0.056%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0134% / S −0.0129%	1h	1,496.6	+0.052%	$396K	—	100x
Hyperliquid ZEC	+0.0159%	1h	1,496.3	+0.035%	$779.9M	$446.0M	10x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,498.1	+0.152%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,498.3	+0.167%	$604K	$8.7M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0244%	1h	1,496.8	+0.070%	$2.3M	$3.9M	15x	as long as short
Lighter ZEC	+0.0280%	1h	1,498	+0.148%	$19.8M	$46.9M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,497	+0.082%	$3.7M	$10.1M	50x	as long as short