Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3142%/8h= −344.0% APRpaid last 24h −0.647%

Price spread now: Injective against Gate+0.212%7-day average +0.076% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.211%−$221 on $10k

Price spread, last 4 days (all we have)+0.548%+$55 · spread now +0.212%, 7d avg +0.076%

Together, before fees−1.663%−$166 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.136% dearer against Gate than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of +0.076%): +$14 on $10k if it goes back. Holding the pair costs −$94 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−2.211% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,461.9	0.0100	pay 0.0100% / 8h	3h 02m	$52.5M	$173.8M	75x
Short	Injective ZEC/USDC PERP	1,465	−0.3042	pay 0.0380% / 1h	2m 25s	$34K	$272K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee InjectivebpOrdersPrice spread, now +0.212%Rate

Funding earned: −$659.79
Price spread: +0.212% → +0.076%: $13.6
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$661.21
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Injective: live order book, 52 min ago. 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	0.31 bp	11.3 bp −$11	18.9 bp −$189	36.5 bp −$3,647	66.6 bp −$33.3K
Sell Injective live order book, 52 min ago	59.94 bp	doesn't fit	doesn't fit	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 PERPshort	−0.3042%	1h	1,465	+0.212%	$34K	$272K	12x
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.1	+0.088%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,462.7	+0.055%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.2	+0.092%	$407K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,461.8	−0.004%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,463.2	+0.092%	$616K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.7	−0.009%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,462.4	+0.035%	$292K	$900K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0070%	1h	1,464.3	+0.168%	$397K	$436K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0090% / S −0.0042%	1h	1,461.7	−0.009%	$436K	—	100x	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	1,461.9	+0.001%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462.8	+0.067%	$14K	$799K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462	+0.014%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.4	+0.037%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462.1	+0.020%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.2	+0.022%	$1.7M	$2.3M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.7	−0.012%	$673.7M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,461.8	−0.006%	$261.7M	$585.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,461.7	−0.008%	$178.6M	$1.20B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.8	+0.065%	$884K	$17K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,461.9	long leg	$52.5M	$173.8M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,461.9	+0.001%	$218.5M	$776.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,462	+0.010%	$103.0M	$52.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,462.3	+0.031%	$166.3M	$267.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,461.8	−0.004%	—	$106.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,465.8	+0.273%	$48.1M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.4	+0.244%	$570K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,465.7	+0.266%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,463.9	+0.140%	$404K	$920K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.8	+0.198%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462	+0.010%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.7	−0.008%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,461.7	−0.012%	$446K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.3	+0.237%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,462.7	+0.057%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.3	+0.031%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.1	+0.086%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.2	+0.023%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,462.5	+0.043%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,462.1	+0.019%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,465.4	+0.239%	$4.7M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,463.8	+0.135%	$2.1M	$7.1M	10x	as long as short
Kalshi KXZECPERP	+0.0137%	8h	1,464.3	+0.165%	$1.5M	$4.4M	2.2x	as long as short
Hyperliquid ZEC	+0.0147%	1h	1,463.2	+0.092%	$762.4M	$419.6M	10x	as long as short
Lighter ZEC	+0.0160%	1h	1,463.4	+0.104%	$19.3M	$45.8M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,462.3	+0.032%	$925K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0315%	1h	1,463.1	+0.088%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,462.7	+0.057%	$18.0M	$45.5M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,463.6	+0.121%	$673K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,465.1	+0.221%	$3.8M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0685%	1h	1,463.6	+0.121%	$45K	$49K	10x	as long as short