data as of
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Price arb /

ZEC

all ZEC markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$313
spread now−0.042%7d average+0.023%fees + slippage, in and out−$307spread needed3.068%
Long on gTrade (Gains Network)Short on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ZEC/USD1,474.6L +0.0007% / S −0.0006%pay 0.0001% / 1h54m 58s$5.3M—150x
ShortPhemex ZECUSDT1,4740.0100get 0.0100% / 8h5h 54m$3.8M$6.7M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$4.2
Funding while held
$2.79
Slippage, 4 orders
−$284.76
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$308.18
Spread needed to break even
3.068%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Phemex: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0093%
Per $10,000 a day
+$2.79
Average in range /8h
—

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), 1 min ago130.04 bp135.0 bp −$135425.9 bp −$4,2594809.1 bp −$480.9Kdoesn't fit
Sell Phemex live order book, 5 min ago5.58 bp19.3 bp −$1929.3 bp −$293doesn't fitdoesn't fit

ZEC price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni1,465.2cheapestVariational Omni1,466+0.057%Ondo Perps1,466.1+0.062%edgeX1,467.7+0.174%Hotstuff1,468.2+0.207%Phoenix1,468.5+0.229%Bulk1,468.6+0.231%StandX1,468.7+0.237%Nado1,469+0.259%Aftermath Perps1,470+0.326%dYdX1,470.3+0.345%Pacifica1,471+0.398%Paradex1,471.1+0.405%Kalshi1,471.3+0.416%Katana Perps1,471.8+0.448%Injective1,472+0.465%Polymarket Perps1,472.3+0.485%Popdex1,472.4+0.495%Derive1,472.6+0.508%Bullet1,472.8+0.518%RISEx1,473+0.530%Perpl1,473+0.535%01 Exchange1,473.1+0.538%GMX1,473.5+0.570%SoDEX1,473.5+0.570%Kraken Futures1,474+0.598%
Phemex1,474+0.599%
Aevo1,474.1+0.609%Orderly1,474.2+0.614%Aster1,474.4+0.627%BloFin1,474.6+0.641%
gTrade (Gains Network)1,474.6+0.642%
Hyperliquid1,474.6+0.642%Arcus1,474.7+0.647%HTX1,474.7+0.651%Deribit1,475.2+0.682%KuCoin1,475.3+0.689%BingX1,475.3+0.691%Lighter1,475.4+0.698%Backpack1,475.4+0.699%Bitget1,475.6+0.713%Bybit1,475.8+0.721%Lighter RH1,475.9+0.728%Extended1,475.9+0.730%MEXC1,476+0.735%Coinbase International1,476+0.738%OKX1,476.1+0.741%Binance1,476.2+0.748%Gate1,476.4+0.762%SunX1,479.2+0.956%

ZEC on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni ZECUSDT−0.637%−0.0546%1h$955K$463K50xas long as short
Variational Omni ZEC−0.581%−0.0118%8h$47.1M$32.4M—as long as short
Ondo Perps ZEC-USD.P−0.576%+0.0054%1h$400K$738K5xas long as short
edgeX ZECUSDC−0.464%+0.0100%4h$494K$10.6M20xas long as short
Hotstuff ZEC-PERP−0.431%−0.0080%1h$6K$2K10xas long as short
Phoenix ZEC−0.410%−0.0004%1h$4.7M$1.7M10xas long as short
Bulk ZEC-USD−0.408%+0.0100%1h$905K$47K10xas long as short
StandX ZEC-USD−0.402%+0.0100%1h$110K$4.1M30xas long as short
Nado ZEC-PERP−0.380%+0.0100%1h$3.0M$7.7M10xas long as short
Aftermath Perps ZECUSD−0.314%+0.0399%1h$39K$34K10xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX ZEC-USD−0.294%0.0000%1h$414K$108K5xas long as short
Pacifica ZEC−0.242%+0.0100%1h$1.6M$3.6M10xas long as short
Paradex ZEC-USD-PERP−0.235%+0.0094%8h$60K$38K10xas long as short
Kalshi KXZECPERP−0.224%0.0000%8h$976K$6.5M2.2xas long as short
Katana Perps ZEC-USD−0.192%+0.0069%8h$13K$978K10xas long as short
Injective ZEC/USDC PERP−0.176%−0.3658%1h$34K$13K12xas long as short
Polymarket Perps ZEC-USD−0.155%+0.0100%1h$305K$3.1M10xas long as short
Popdex ZECUSDT−0.146%+0.0096%1h$174K$2.3M50xas long as short
Derive ZEC-PERP−0.133%+0.0100%1h$457K$530K6.7xas long as short
Bullet ZEC-USD−0.123%+0.0100%1h$129K$167K20xas long as short
RISEx ZEC/USDC−0.111%+0.0072%1h$845K$2.8M10xas long as short
Perpl ZEC−0.106%+0.0112%43m$77K$411K10xas long as short
01 Exchange ZECUSD−0.103%0.0000%1h$9K$11K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]−0.071%L +0.0099% / S +0.0023%1h$539K—100xas long as short
SoDEX ZEC-USD−0.071%+0.0100%1h$224K$5.6M10xas long as short
Kraken Futures PF_ZECUSD−0.043%−0.0794%1h$17.9M$48.0M25xas long as short
Phemex ZECUSDTshort−0.042%+0.0100%8h$3.8M$6.7M50x
Aevo ZEC-PERP−0.033%+0.0080%1h$39K$366K20xas long as short
Orderly PERP_ZEC_USDC−0.027%−0.0020%8h$287K$1.8M20xas long as short
Aster ZECUSDT−0.014%−0.0047%8h$14.9M$37.8M75xas long as short
BloFin ZEC-USDT−0.001%−0.0005%8h$30.7M$82.1M75xas long as short
gTrade (Gains Network) ZEC/USDlong0.000%L +0.0007% / S −0.0006%1h$5.3M—150x
Hyperliquid ZEC+0.001%+0.0100%1h$777.8M$656.6M10xas long as short
Arcus ZEC-USD+0.006%+0.0231%1h$748K$7.0M10xas long as short
HTX ZEC-USDT+0.009%+0.0100%8h$2.5M$31.3M75xas long as short
Deribit ZEC_USDC-PERPETUAL+0.040%+0.0351%1h$577K$1.4M25xas long as short
KuCoin ZECUSDTM+0.047%+0.0100%8h$103.6M$68.6M75xas long as short
BingX ZEC-USDC+0.050%+0.0060%8h—$6.9M—as long as short
Lighter ZEC+0.056%+0.0096%1h$19.1M$61.4M20xas long as short
Backpack ZEC_USDC_PERP+0.057%+0.0119%1h$2.2M$3.8M15xas long as short
Bitget ZECUSDT+0.071%+0.0064%8h$167.6M$349.4M75xas long as short
Bybit ZECUSDT+0.079%−0.0249%8h$276.1M$778.5M75xas long as short
Lighter RH ZEC+0.086%+0.0224%1h$1.8M$7.8M10xas long as short
Extended ZEC-USD+0.088%+0.0104%1h$3.2M$4.9M10xas long as short
MEXC ZEC_USDT+0.093%−0.0002%8h$222.1M$978.4M150xas long as short
Coinbase International ZEC-PERP-INTX+0.096%+0.0360%1h$3.8M$13.5M50xas long as short
OKX ZEC-USDT-SWAP+0.099%−0.0012%8h$177.1M$1.60B50xas long as short
Binance ZECUSDT+0.106%−0.0001%8h$676.2M$2.88B75xas long as short
Gate ZEC_USDT+0.119%−0.0091%8h$51.3M$208.2M75xas long as short
SunX ZEC-USDT+0.313%+0.0100%8h$3K$1.4M20xas long as short