Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against BingX+0.133%7-day average +0.070% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2902.903% of the position

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.063%−$6 on $10k

Price spread, last 3 days (all we have)+0.407%+$41 · spread now +0.133%, 7d avg +0.070%

Together, before fees+0.345%+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.063% dearer against BingX than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.070%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEC-USDC	1,469.6	0.0100	pay 0.0100% / 8h	22m 25s	—	$6.7M	—
Short	gTrade (Gains Network) ZEC/USD	1,471.6	L +0.0007% / S −0.0006%	get 0.0001% / 1h	22m 25s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.133%Rate

Funding earned: −$19.68
Price spread: +0.133% → +0.070%: $6.31
Slippage, 4 orders: −$270.3
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$303.66
Costs to cover: 2.903%
Break-even: never at this rate

Slippage from BingX: live order book, just now; gTrade (Gains Network): virtual book (oracle venue), 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 BingX live order book, just now	0.31 bp	9.7 bp −$10	14.1 bp −$141	31.9 bp −$3,190	80.7 bp −$40.3K
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.02 bp	135.0 bp −$135	584.7 bp −$5,847	doesn't fit	doesn't fit

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	−0.3089%	1h	1,468.5	−0.078%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0257%	1h	1,466.3	−0.225%	$399K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,469.8	+0.016%	$17.9M	$44.4M	25x	as long as short
Bybit ZECUSDT	−0.0116%	8h	1,470.5	+0.058%	$274.6M	$653.9M	75x	as long as short
BloFin ZEC-USDT	−0.0108%	8h	1,469.3	−0.020%	$29.7M	$75.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.2	+0.044%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,471.8	+0.147%	$46.8M	$33.9M	—	as long as short
ApeX Omni ZECUSDT	−0.0008%	1h	1,470.7	+0.074%	$431K	$842K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.4	+0.123%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.3	−0.022%	$958K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,470.6	+0.069%	$84K	$407K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,471.6	+0.133%	$5.2M	—	150x
01 Exchange ZECUSD	+0.0008%	1h	1,471.2	+0.106%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,471.3	+0.118%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	+0.080%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,471.2	+0.107%	$180.8M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0047%	8h	1,471.1	+0.099%	$50.6M	$186.9M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.3	+0.118%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.9	+0.225%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.1	+0.100%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,469.6	−0.001%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.5	+0.062%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.9	+0.158%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.1	+0.170%	$762.9M	$472.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.8	+0.082%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.6	+0.133%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.2	+0.106%	$684.3M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472	+0.163%	$702K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,469.8	+0.011%	$894K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471	+0.094%	$231.8M	$840.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.4	+0.120%	$103.6M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.4	+0.119%	$163.3M	$301.2M	75x	as long as short
BingX ZEC-USDClong	+0.0100%	8h	1,469.6	long leg	—	$6.7M	—
edgeX ZECUSDC	+0.0100%	4h	1,469.4	−0.013%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.2	+0.242%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469	−0.038%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.9	+0.088%	$337K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.9	+0.086%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.5	−0.007%	$458K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.6	−0.003%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.7	+0.007%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469	−0.041%	$2.5M	$22.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.1	+0.035%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471	+0.096%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.3	+0.115%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,471.7	+0.144%	$825K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0172%	1h	1,472.4	+0.188%	$614K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0409%	1h	1,470.6	+0.065%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,471	+0.097%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0464%	1h	1,473.4	+0.261%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0739%	1h	1,471.6	+0.133%	$46K	$47K	10x	as long as short