Funding you earn now, next payment 23:00 UTC+0.0187%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.030%
Price spread now: Backpack against gTrade (Gains Network)+0.078%7-day average −0.011% · 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−$273as in the Price arb table
costs, in and out, $10k−$2822.822% of the position
Funding, last 3 days (all we have)+0.124%+$12 on $10k
+Price spread, last 3 days (all we have)−0.434%−$43 · spread now +0.078%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Backpack is 0.088% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ZEC/USD | 1,467.6 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 25m 26s | $5.2M | — | 150x |
| Short | Backpack ZEC_USDC_PERP | 1,468.8 | 0.0193 | get 0.0024% / 1h | 25m 26s | $2.4M | $3.8M | 15x |
gTrade (Gains Network) ZEC/USD
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.17
- Price spread: +0.078% → −0.011%
- $8.84
- Slippage, 4 orders
- −$262.21
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$234.2
- Costs to cover
- 2.822%
- Break-even
- 48.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Backpack: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 130.03 bp | 135.0 bp −$135 | 425.9 bp −$4,259 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.03 bp | 6.2 bp −$6 | 24.7 bp −$247 | 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 | −0.3310% | 1h | 1,463.6 | −0.275% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.8 | +0.010% | $17.9M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0219% | 1h | 1,462 | −0.384% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0097% | 8h | 1,466.4 | −0.083% | $29.3M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.1 | +0.034% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.377% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0058% | 8h | 1,467.7 | +0.006% | $272.2M | $667.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,463 | −0.319% | $46.5M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.4 | +0.052% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.3 | −0.024% | $887K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,468 | +0.022% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USDlong | L +0.0007% / S −0.0006% | 1h | 1,467.6 | long leg | $5.2M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,467.4 | −0.019% | $293K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,467.6 | −0.004% | $356K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0048% | 8h | 1,467.8 | +0.012% | $50.0M | $185.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,468.1 | +0.035% | $177.1M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,468.8 | +0.079% | $8K | $8K | 5x | as long as short |
| ApeX Omni ZECUSDT | +0.0070% | 1h | 1,463.9 | −0.255% | $430K | $821K | 50x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467.6 | −0.003% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.7 | +0.070% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,468.4 | +0.055% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467.2 | −0.029% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468 | +0.025% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.4 | +0.121% | $761.9M | $485.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.7 | +0.002% | $15.6M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468 | +0.028% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.3 | +0.047% | $676.5M | $2.48B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.5 | −0.007% | $222.5M | $864.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.5 | −0.008% | $103.9M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.1 | +0.033% | $162.8M | $305.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.4 | −0.016% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.1 | −0.311% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,463.2 | −0.303% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.125% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.2 | +0.039% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.8 | +0.014% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466 | −0.114% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469 | +0.090% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | −0.012% | $223K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.2 | −0.097% | $2.5M | $23.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.4 | +0.050% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.5 | +0.059% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.4 | −0.016% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0104% | 1h | 1,468.2 | +0.042% | $597K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0152% | 1h | 1,468.8 | +0.080% | $19.0M | $52.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,468.8 | +0.083% | $845K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0193% | 1h | 1,468.8 | +0.078% | $2.4M | $3.8M | 15x | |
| Lighter RH ZEC | +0.0408% | 1h | 1,469.2 | +0.110% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,468.7 | +0.072% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,469.2 | +0.108% | $722K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0564% | 1h | 1,465.3 | −0.160% | $41K | $34K | 10x | as long as short |
Perpl ZEC
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
ApeX Omni ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD