Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0096%/8hpaid last 24h −0.001%

Price spread now: Gate against Bullet−0.004%7-day average −0.019% · 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−$37as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Bullet Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 3 days (all we have)−1.781%−$178 · spread now −0.004%, 7d avg −0.019%

Together, before fees−1.813%−$181 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ZEC-USD	1,472.7	0.0100	pay 0.0013% / 1h	6m 56s	$128K	$162K	20x
Short	Gate ZEC_USDT	1,472.7	0.0004	get 0.0004% / 8h	4h 06m	$51.1M	$196.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bullet. 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 BulletbpFee GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: −$20.16
Price spread: −0.004% → −0.019%: $1.53
Slippage, 4 orders: −$15.14
Fee Bullet: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.77
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Bullet: live order book, 26 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 Bullet live order book, 26 min ago	1.83 bp	7.3 bp −$7	13.0 bp −$130	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.20 bp	12.9 bp −$13	17.4 bp −$174	37.4 bp −$3,741	65.3 bp −$32.6K

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	−0.3655%	1h	1,460.2	−0.852%	$34K	$159K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0435%	1h	1,472.2	−0.035%	$17.9M	$46.1M	25x	as long as short
ApeX Omni ZECUSDT	−0.0326%	1h	1,470	−0.183%	$958K	$431K	50x	as long as short
Variational Omni ZEC	−0.0146%	8h	1,470.7	−0.137%	$48.1M	$31.1M	—	as long as short
Bybit ZECUSDT	−0.0144%	8h	1,472.3	−0.027%	$275.6M	$719.2M	75x	as long as short
BloFin ZEC-USDT	−0.0086%	8h	1,472.1	−0.041%	$30.1M	$78.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.7	−0.004%	$6K	$2K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0068%	1h	1,473.3	+0.038%	$399K	$577K	5x	as long as short
Orderly PERP_ZEC_USDC	−0.0014%	8h	1,472.6	−0.009%	$284K	$1.7M	20x	as long as short
01 Exchange ZECUSD	−0.0008%	1h	1,473.5	+0.048%	$9K	$10K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZEC-USDT-SWAP	−0.0004%	8h	1,472.8	+0.005%	$177.0M	$1.46B	50x	as long as short
Aster ZECUSDT	−0.0001%	8h	1,472.8	+0.002%	$15.0M	$36.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.8	+0.069%	$415K	$107K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.2	+0.030%	$979K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.6	−0.012%	$80K	$436K	10x	as long as short
Gate ZEC_USDTshort	+0.0004%	8h	1,472.7	−0.004%	$51.1M	$196.9M	75x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.2	+0.028%	$5.2M	—	150x	as long as short
Phoenix ZEC	+0.0012%	1h	1,472.4	−0.025%	$4.7M	$1.7M	10x	as long as short
MEXC ZEC_USDT	+0.0032%	8h	1,472.8	+0.003%	$226.7M	$978.9M	150x	as long as short
Binance ZECUSDT	+0.0034%	8h	1,472.8	+0.005%	$674.6M	$2.67B	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S +0.0044%	1h	1,472.9	+0.013%	$577K	—	100x	as long as short
Polymarket Perps ZEC-USD	+0.0074%	1h	1,472.2	−0.037%	$321K	$2.5M	10x	as long as short
Aevo ZEC-PERP	+0.0088%	1h	1,472.4	−0.025%	$37K	$362K	20x	as long as short
Katana Perps ZEC-USD	+0.0091%	8h	1,473.1	+0.024%	$12K	$889K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0091%	1h	1,473.2	+0.031%	$576K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.7	−0.001%	$176K	$2.1M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,472.8	+0.001%	$61K	$37K	10x	as long as short
RISEx ZEC/USDC	+0.0100%	1h	1,473.5	+0.050%	$853K	$2.6M	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.2	+0.031%	$3.1M	$7.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.2	+0.030%	$768.5M	$558.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.9	+0.013%	$1.6M	$3.3M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475	+0.152%	$730K	$7.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.1	+0.227%	$909K	$21K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.8	+0.007%	$103.6M	$62.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.8	+0.001%	$170.6M	$332.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,473	+0.020%	—	$115.9M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,473.3	+0.035%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.3	+0.041%	$494K	$10.4M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.2	−0.039%	$3.0M	$510K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.9	+0.081%	$110K	$4.8M	30x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,472.7	long leg	$128K	$162K	20x
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.123%	$447K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.5	+0.253%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.2	−0.037%	$224K	$5.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473	+0.019%	$2.4M	$28.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.7	−0.006%	$3.8M	$6.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473	+0.017%	$3.2M	$4.6M	10x	as long as short
Lighter ZEC	+0.0112%	1h	1,473.8	+0.070%	$19.5M	$59.4M	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,474	+0.083%	$1.8M	$7.7M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0384%	1h	1,475	+0.152%	$3.8M	$12.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0512%	1h	1,473.6	+0.058%	$39K	$33K	10x	as long as short