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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.023%
Price spread now: Derive against gTrade (Gains Network)−0.126%7-day average −0.076% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Derive
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.084%+$8 on $10k
Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.126%, 7d avg −0.076%
Together, before fees+0.182%+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Derive is 0.050% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.076%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ZEC/USD1,461.2L +0.0007% / S −0.0006%pay 0.0001% / 1h54m 55s$5.2M—150x
ShortDerive ZEC-PERP1,459.30.0100get 0.0013% / 1h54m 55s$445K$521K6.7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$19.56
Price spread: −0.126% → −0.076%
−$4.96
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Derive: 3 bp × 2 orders
−$6
Net
−$1.4
Costs to cover
0.160%
Break-even
7.5 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Derive: 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 4 min ago130.04 bp135.0 bp −$135426.0 bp −$4,2604809.1 bp −$480.9Kdoesn't fit
Sell Derive no order-book sample—————
Derive: 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 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3244%1h1,469.5+0.574%$34K$272K12xas long as short
ApeX Omni ZECUSDT−0.0430%1h1,464+0.192%$426K$879K50xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,462.7+0.103%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0076%1h1,465.5+0.298%$397K$440K5xas long as short
dYdX ZEC-USD0.0000%1h1,462.7+0.104%$412K$47K5xas long as short
Kalshi KXZECPERP0.0000%8h1,462.2+0.073%$964K$4.7M2.2xas long as short
Perpl ZEC0.0000%43m1,461.2+0.005%$84K$249K10xas long as short
gTrade (Gains Network) ZEC/USDlongL +0.0007% / S −0.0006%1h1,461.2long leg$5.2M—150x
Orderly PERP_ZEC_USDC+0.0033%8h1,460.5−0.047%$292K$983K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0042%1h1,461.5+0.021%$610K$1.3M25xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0009%1h1,461.2+0.006%$382K—100xas long as short
01 Exchange ZECUSD+0.0064%1h1,462.3+0.081%$8K$7K5xas long as short
Phoenix ZEC+0.0070%1h1,466.4+0.361%$4.6M$1.4M10xas long as short
Variational Omni ZEC+0.0084%8h1,465.1+0.267%$47.8M$32.1M—as long as short
OKX ZEC-USDT-SWAP+0.0096%8h1,464.2+0.208%$180.2M$1.24B50xas long as short
Popdex ZECUSDT+0.0096%1h1,461.5+0.025%$173K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,461.6+0.028%$19K$846K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,462+0.059%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,462.6+0.102%$2.5M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,464.1+0.202%$763.2M$435.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,463.3+0.144%$14.6M$29.0M75xas long as short
Pacifica ZEC+0.0100%1h1,462.3+0.076%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,464+0.192%$676.7M$2.25B75xas long as short
Bybit ZECUSDT+0.0100%8h1,464.2+0.211%$271.1M$604.5M75xas long as short
Bulk ZEC-USD+0.0100%1h1,462.6+0.096%$888K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,463.4+0.154%$50.0M$169.8M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,463.6+0.168%$215.7M$768.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,463.3+0.149%$102.9M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,463.4+0.157%$162.5M$275.5M75xas long as short
BingX ZEC-USDC+0.0100%8h1,463.1+0.134%—$6.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,465.3+0.281%$570K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,465.9+0.327%$3.0M$430K10xas long as short
StandX ZEC-USD+0.0100%1h1,465.8+0.318%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,461.3+0.010%$341K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,461.2+0.003%$127K$160K20xas long as short
Derive ZEC-PERPshort+0.0100%1h1,459.3−0.126%$445K$521K6.7x
SunX ZEC-USDT+0.0100%8h1,463.1+0.136%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,461.2+0.006%$241K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,461.8+0.046%$2.5M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,461.9+0.049%$3.9M$5.2M50xas long as short
Extended ZEC-USD+0.0104%1h1,463.1+0.136%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,461−0.011%$48K$155K20xas long as short
Lighter ZEC+0.0120%1h1,463.1+0.134%$19.1M$45.8M20xas long as short
Backpack ZEC_USDC_PERP+0.0123%1h1,462.9+0.119%$2.4M$3.8M15xas long as short
Kraken Futures PF_ZECUSD+0.0195%1h1,461.4+0.015%$18.0M$43.7M25xas long as short
Lighter RH ZEC+0.0232%1h1,463.3+0.147%$2.1M$6.8M10xas long as short
Arcus ZEC-USD+0.0277%1h1,464.6+0.239%$701K$8.5M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,462.3+0.077%$850K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,462.8+0.111%$3.6M$8.9M50xas long as short
Aftermath Perps ZECUSD+0.0734%1h1,467.1+0.404%$43K$46K10xas long as short