Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: Gate against RISEx−0.002%7-day average −0.026% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.256%−$26 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.002%, 7d avg −0.026%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.024% dearer against RISEx than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.026%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 4 days (−0.256% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,511.2	0.0157	pay 0.0020% / 1h	41m 43s	$962K	$1.1M	10x
Short	Gate ZEC_USDT	1,511.2	0.0061	get 0.0061% / 8h	7h 41m	$60.3M	$184.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.002%Rate

Funding earned: −$20.19
Price spread: −0.002% → −0.026%: $2.38
Slippage, 4 orders: −$8.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.45
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Gate: live order book, 2 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 RISEx live order book, 2 min ago	0.99 bp	4.0 bp −$4	9.3 bp −$93	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.50 bp	9.6 bp −$10	17.5 bp −$175	30.2 bp −$3,018	53.9 bp −$26.9K

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	−0.3702%	1h	1,500.6	−0.699%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,513	+0.123%	$62K	$305K	10x	as long as short
BloFin ZEC-USDT	−0.0157%	8h	1,514.5	+0.221%	$31.7M	$77.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0140%	1h	1,514.1	+0.196%	$48K	$58K	10x	as long as short
Bulk ZEC-USD	−0.0101%	1h	1,517.9	+0.444%	$781K	$147K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,512.2	+0.064%	$6K	$1K	10x	as long as short
ApeX Omni ZECUSDT	−0.0022%	1h	1,512.6	+0.095%	$415K	$952K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,512	+0.053%	$420K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,514.2	+0.199%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,512.5	+0.089%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,512.9	+0.113%	$18.4M	$47.8M	25x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,511.8	+0.040%	$8K	$6K	5x	as long as short
Gate ZEC_USDTshort	+0.0061%	8h	1,511.2	−0.002%	$60.3M	$184.1M	75x
Deribit ZEC_USDC-PERPETUAL	+0.0072%	1h	1,513.2	+0.133%	$693K	$1.4M	25x	as long as short
Phoenix ZEC	+0.0082%	1h	1,512.4	+0.082%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,512.3	+0.070%	$305K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,512.3	+0.072%	$19.6M	$44.7M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,512.3	+0.076%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,511.5	+0.022%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,511.4	+0.011%	$62K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,511.3	+0.010%	$16K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,513.6	+0.162%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,512.2	+0.070%	$791.7M	$449.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,511.2	+0.002%	$14.2M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,512.1	+0.061%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,511.8	+0.038%	$714.7M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,511.1	−0.003%	$271.8M	$624.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,511	−0.010%	$185.1M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,511.6	+0.027%	$412K	$546K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,512.2	+0.065%	$605K	$9.0M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,512	+0.054%	$407.2M	$830.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,511.4	+0.017%	$103.3M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,511.4	+0.012%	$163.8M	$295.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,511.7	+0.031%	—	$120.4M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,515.2	+0.263%	$50.2M	$36.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,512.9	+0.110%	$558K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,512.3	+0.076%	$3.1M	$530K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,514.1	+0.193%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,513.6	+0.160%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,512.7	+0.101%	$169K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,511.3	+0.008%	$451K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,516.6	+0.358%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,512.6	+0.095%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,512.8	+0.107%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,512.9	+0.113%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,511.2	−0.002%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,512.5	+0.088%	$45K	$153K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0156% / S −0.0159%	1h	1,512.2	+0.065%	$336K	—	100x	as long as short
RISEx ZEC/USDClong	+0.0157%	1h	1,511.2	long leg	$962K	$1.1M	10x
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,513.5	+0.153%	$3.8M	$10.0M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0508%	1h	1,512.7	+0.097%	$2.4M	$3.7M	15x	as long as short