Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0526%/8h= +57.6% APRpaid last 24h +0.155%

Price spread now: Aftermath Perps against Gate−1.164%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 1.164% cheaper against Gate than usual: you would sell low and buy high (spread −1.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$116 on $10k: about 7.4 days of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,512	0.0100	pay 0.0100% / 8h	2h 17m	$55.0M	$177.2M	75x
Short	Aftermath Perps ZECUSD	1,494.4	0.0626	get 0.0078% / 1h	17m 23s	$51K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now −1.164%Rate

Funding earned: $110.51
Price spread: −1.164% → 0.000%: −$116.45
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$29.94
Costs to cover: 0.240%
Break-even: 8.9 days

Slippage unknown: Gate: live order book, 2 min ago; Aftermath Perps: 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 Gate live order book, 2 min ago	0.86 bp	13.7 bp −$14	20.2 bp −$202	31.5 bp −$3,150	56.2 bp −$28.1K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 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	−0.3243%	1h	1,488.7	−1.542%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0152%	8h	1,501.8	−0.672%	$30.2M	$73.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,508.8	−0.213%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,507	−0.333%	$419K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,507.9	−0.270%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,511.4	−0.036%	$86K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,514.7	+0.182%	$5.4M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0066%	8h	1,514.8	+0.183%	$306K	$900K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,512.1	+0.005%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,507.5	−0.299%	$4.8M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,511.5	−0.031%	$144K	$1.7M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,510.9	−0.074%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,512.8	+0.052%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,513.3	+0.087%	$791.2M	$431.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,513.8	+0.122%	$14.7M	$29.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,509.6	−0.156%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,513.8	+0.121%	$702.3M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,515	+0.198%	$275.3M	$612.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,514.9	+0.196%	$182.0M	$1.29B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−0.620%	$403K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−2.163%	$894K	$15K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,512	long leg	$55.0M	$177.2M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,511.8	−0.011%	$229.6M	$773.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,512.7	+0.044%	$104.9M	$54.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,515.3	+0.220%	$167.7M	$275.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,515.1	+0.206%	—	$113.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−1.145%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−1.259%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.9	−0.400%	$3.1M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,502.9	−0.604%	$416K	$928K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,506.4	−0.371%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,512.5	+0.034%	$372K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,512.3	+0.019%	$166K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,513.9	+0.127%	$462K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510.3	−0.113%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,508.3	−0.245%	$249K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,506.8	−0.341%	$2.6M	$19.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,508.5	−0.231%	$4.0M	$4.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,511.2	−0.054%	$13K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0103% / S −0.0075%	1h	1,513.9	+0.125%	$404K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,511.3	−0.042%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,515.2	+0.213%	$46K	$153K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,508.6	−0.223%	$18.4M	$45.9M	25x	as long as short
Lighter RH ZEC	+0.0152%	1h	1,509.8	−0.147%	$2.2M	$7.2M	10x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,511.7	−0.021%	$948K	$1.1M	10x	as long as short
Lighter ZEC	+0.0216%	1h	1,508.8	−0.210%	$19.8M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0446%	1h	1,508.4	−0.237%	$2.3M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,510.1	−0.124%	$3.7M	$9.8M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,509.6	−0.155%	$617K	$8.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0559%	1h	1,516.4	+0.293%	$720K	$1.4M	25x	as long as short
Aftermath Perps ZECUSDshort	+0.0626%	1h	1,494.4	−1.164%	$51K	$60K	10x