ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h −0.003%

Price spread now: GMX against Bullet−0.020%177s7-day average +0.034% · you buy dearer than you sell

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

Long on Bullet Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.020%, 7d avg +0.034%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.055% cheaper against Bullet than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.034%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.112%, so the current rate has only just turned in your favour. The two prices were read 177 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ZEC-USD	1,505.2	0.0100	pay 0.0013% / 1h	7m 54s	$169K	$189K	20x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,504.9	L +0.0198% / S −0.0216%	get 0.0027% / 1h	7m 54s	$349K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $24.39
Price spread: −0.020% → +0.034%: −$5.46
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1.07
Costs to cover: 0.200%
Break-even: 7.3 days

Slippage unknown: Bullet: live order book, 39 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 Bullet live order book, 39 min ago	0.13 bp	5.6 bp −$6	11.9 bp −$119	doesn't fit	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 51 exchanges

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	−0.4130%	1h	1,487.6	−1.166%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0274%	1h	1,505.4	+0.013%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,505.6	+0.027%	$31.8M	$72.6M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0122%	1h	1,505.6	+0.027%	$408K	$498K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.1	−0.138%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,505.6	+0.025%	$415K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,508.3	+0.203%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,504.2	−0.069%	$63K	$298K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.2	0.000%	$5.3M	—	150x	as long as short
ApeX Omni ZECUSDT	+0.0015%	1h	1,505.7	+0.030%	$413K	$951K	50x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0032%	1h	1,506.8	+0.104%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,505	−0.015%	$895K	$1.3M	10x	as long as short
Phoenix ZEC	+0.0060%	1h	1,508.2	+0.197%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0061%	8h	1,504.9	−0.022%	$304K	$715K	20x	as long as short
Aster ZECUSDT	+0.0086%	8h	1,504.5	−0.044%	$14.3M	$26.0M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,506.1	+0.059%	$19.9M	$39.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,506.4	+0.077%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.6	+0.025%	$170K	$1.3M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,505.1	−0.007%	$28K	$859K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,505.5	+0.018%	$18.6M	$45.4M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.7	+0.032%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,506.1	+0.063%	$3.1M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.3	+0.007%	$794.0M	$420.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,506.1	+0.061%	$1.6M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.9	−0.022%	$704.9M	$2.13B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,504.2	−0.068%	$275.3M	$579.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.6	−0.042%	$187.1M	$1.26B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,506.6	+0.092%	$594K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,506.6	+0.090%	$780K	$182K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,504.3	−0.059%	$64.2M	$175.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,504.6	−0.043%	$180.3M	$844.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,504.4	−0.054%	$105.9M	$51.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,504.6	−0.040%	$164.4M	$271.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,503.4	−0.119%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,505.4	+0.012%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,505.7	+0.031%	$49.6M	$33.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.6	+0.093%	$550K	$8.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,507.1	+0.124%	$3.1M	$635K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,507.4	+0.144%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.4	+0.013%	$369K	$1.4M	10x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,505.2	long leg	$169K	$189K	20x
Derive ZEC-PERP	+0.0100%	1h	1,503.9	−0.083%	$393K	$492K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.3	+0.140%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505.1	−0.006%	$258K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,504.5	−0.048%	$2.7M	$20.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,505.8	+0.040%	$4.0M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,504	−0.081%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,504.6	−0.039%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0123%	1h	1,505.7	+0.035%	$695K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0198% / S −0.0216%	1h	1,504.9	−0.020%	$349K	—	100x
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,507.5	+0.154%	$3.9M	$9.3M	50x	as long as short