Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.012%

Price spread now: Gate against Popdex−0.089%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Popdex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.089%, 7d avg −0.005%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.084% cheaper against Popdex than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ZECUSDT	1,471.8	0.0096	pay 0.0012% / 1h	43m 51s	$173K	$1.8M	50x
Short	Gate ZEC_USDT	1,470.5	0.0081	get 0.0081% / 8h	6h 43m	$50.0M	$174.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Popdex. 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 PopdexbpFee GatebpOrdersPrice spread, now −0.089%Rate

Funding earned: −$3.15
Price spread: −0.089% → −0.005%: −$8.44
Slippage, 4 orders: −$12.06
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.04
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Popdex: live order book, just now; Gate: live order book, 5 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 Popdex live order book, just now	1.05 bp	5.0 bp −$5	12.3 bp −$123	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.03 bp	13.0 bp −$13	19.2 bp −$192	33.6 bp −$3,363	54.4 bp −$27.2K

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	−0.3678%	1h	1,475.7	+0.266%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.4	+0.041%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0063%	1h	1,473	+0.080%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,472.4	+0.039%	$18.0M	$43.4M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.5	−0.019%	$414K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	+0.056%	$958K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471.7	−0.010%	$84K	$264K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.4	+0.039%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.230%	$29.6M	$73.3M	75x	as long as short
Variational Omni ZEC	+0.0016%	8h	1,474	+0.149%	$48.1M	$33.4M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,472	+0.015%	$294K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,472	+0.012%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.2	+0.023%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,473.7	+0.128%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0080%	8h	1,470.8	−0.067%	$181.1M	$1.28B	50x	as long as short
Gate ZEC_USDTshort	+0.0081%	8h	1,470.5	−0.089%	$50.0M	$174.3M	75x
Popdex ZECUSDTlong	+0.0096%	1h	1,471.8	long leg	$173K	$1.8M	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,471.8	−0.003%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.8	−0.002%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.1	+0.019%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.1	−0.049%	$765.7M	$450.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472	+0.010%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.6	+0.055%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.6	−0.085%	$681.9M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,470.4	−0.099%	$271.6M	$627.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.6	−0.083%	$218.4M	$793.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	+0.052%	$103.6M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.7	−0.073%	$163.1M	$286.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,470.2	−0.112%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	+0.169%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476	+0.281%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.5	+0.182%	$429K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.9	+0.070%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.6	−0.015%	$341K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.8	−0.002%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.065%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.5	+0.179%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.3	+0.034%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.9	+0.005%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.6	+0.053%	$3.9M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.192%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.9	−0.065%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.9	+0.002%	$51K	$164K	20x	as long as short
Lighter RH ZEC	+0.0224%	1h	1,473.9	+0.143%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,473.4	+0.108%	$684K	$8.7M	10x	as long as short
Lighter ZEC	+0.0288%	1h	1,473.7	+0.129%	$19.2M	$48.0M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0321%	1h	1,473.1	+0.089%	$606K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,472.3	+0.031%	$855K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,474	+0.145%	$3.6M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0553%	1h	1,473.3	+0.103%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,474.1	+0.152%	$44K	$46K	10x	as long as short