Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.092%

Price spread now: Gate against Coinbase International−0.130%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 4 days (all we have)−0.696%−$70 · spread now −0.130%, 7d avg −0.130%

Together, before fees−0.941%−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.130%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,502	0.0336	pay 0.0042% / 1h	20m 11s	$3.9M	$9.7M	50x
Short	Gate ZEC_USDT	1,500.1	0.0100	get 0.0100% / 8h	6h 20m	$61.7M	$184.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now −0.130%Rate

Funding earned: −$49.56
Price spread: −0.130% → −0.130%: $0.03
Slippage, 4 orders: −$24.87
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.41
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 2 min ago	1.33 bp	14.2 bp −$14	16.7 bp −$167	48.9 bp −$4,890	doesn't fit
Sell Gate live order book, 2 min ago	0.03 bp	12.0 bp −$12	16.4 bp −$164	29.6 bp −$2,956	54.0 bp −$27.0K

ZEC on 50 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	−0.3772%	1h	1,480	−1.469%	$36K	$274K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,502.2	+0.012%	$31.6M	$75.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0121%	1h	1,501.1	−0.059%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.9	+0.054%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0049%	1h	1,498.6	−0.229%	$408K	$507K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,500.6	−0.097%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.1	+0.001%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,499.4	−0.176%	$62K	$298K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501.9	−0.011%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0009%	1h	1,500.6	−0.094%	$18.4M	$47.1M	25x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZEC-USD	+0.0011%	1h	1,499.9	−0.141%	$413K	$34K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0075%	8h	1,499.6	−0.161%	$303K	$858K	20x	as long as short
RISEx ZEC/USDC	+0.0077%	1h	1,500.5	−0.103%	$922K	$1.3M	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,501.4	−0.040%	$19.7M	$41.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,501.8	−0.017%	$2.1M	$7.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,500.3	−0.114%	$172K	$1.7M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,500.6	−0.097%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,500.8	−0.082%	$19K	$879K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501	−0.066%	$3.1M	$7.2M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,501.1	−0.063%	$787.1M	$430.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,500	−0.136%	$14.1M	$27.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,501.5	−0.034%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,500.5	−0.105%	$707.2M	$2.24B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,500	−0.135%	$275.5M	$596.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,500.3	−0.115%	$184.7M	$1.33B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,501.7	−0.024%	$596K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.1	−0.531%	$775K	$158K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,500.1	−0.130%	$61.7M	$184.5M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,500.4	−0.110%	$175.1M	$849.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,500.3	−0.116%	$105.0M	$54.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,500.2	−0.121%	$163.7M	$286.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,500.5	−0.103%	—	$123.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,502.9	+0.055%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	−0.053%	$49.5M	$34.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,505.2	+0.207%	$550K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.7	−0.020%	$3.1M	$566K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.2	+0.145%	$411K	$957K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,501.9	−0.007%	$112K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.1	−0.129%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,500.3	−0.118%	$167K	$189K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,502.4	+0.022%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,500.2	−0.121%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,500.7	−0.090%	$2.6M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,500.9	−0.079%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,500.3	−0.117%	$2.8M	$7.4M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,499.8	−0.147%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0109%	1h	1,500.7	−0.089%	$687K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0139%	1h	1,502.9	+0.059%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0180% / S −0.0163%	1h	1,500.2	−0.126%	$372K	—	100x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0336%	1h	1,502	long leg	$3.9M	$9.7M	50x