Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Phemex against Gate+0.036%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)+1.391%+$139 · spread now +0.036%, 7d avg +0.033%

Together, before fees+1.515%+$152 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,455.9	0.0100	pay 0.0100% / 8h	5h 13m	$50.1M	$175.0M	75x
Short	Phemex ZECUSDT	1,456.4	0.0100	get 0.0100% / 8h	5h 13m	$3.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.033%: $0.26
Slippage, 4 orders: −$25.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$52.11
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Phemex: live order book, 6 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 Gate live order book, 6 min ago	0.34 bp	13.3 bp −$13	19.3 bp −$193	32.2 bp −$3,221	59.5 bp −$29.8K
Sell Phemex live order book, 6 min ago	1.58 bp	12.9 bp −$13	26.3 bp −$263	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	−0.3244%	1h	1,456.6	+0.045%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,455.7	−0.016%	$29.4M	$70.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.7	+0.058%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457	+0.077%	$410K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.2	+0.091%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.7	+0.058%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.7	+0.058%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0051%	8h	1,456.5	+0.041%	$291K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,456.3	+0.031%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,458.4	+0.172%	$4.6M	$1.4M	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	1,456.9	+0.069%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.7	+0.057%	$13K	$882K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.7	+0.058%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457	+0.079%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,456.7	+0.056%	$757.1M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.2	+0.020%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,456.8	+0.063%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.1	+0.016%	$667.6M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,455.6	−0.019%	$264.3M	$605.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.1	+0.013%	$178.2M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,460.5	+0.317%	$396K	$439K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.107%	$883K	$21K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,455.9	long leg	$50.1M	$175.0M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,455.9	+0.003%	$213.7M	$780.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.7	+0.056%	$102.1M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.3	+0.030%	$161.9M	$273.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,454.9	−0.065%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,456.6	+0.047%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.2	+0.435%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.6	+0.326%	$570K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.3	+0.439%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461	+0.353%	$411K	$909K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.1	+0.014%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.8	+0.063%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.7	+0.053%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.4	−0.032%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.5	+0.247%	$4K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456.3	+0.028%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.3	+0.031%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDTshort	+0.0100%	8h	1,456.4	+0.036%	$3.8M	$5.1M	50x
Extended ZEC-USD	+0.0104%	1h	1,455.8	−0.005%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456	+0.010%	$47K	$153K	20x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,457.2	+0.089%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,456.3	+0.026%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,457.9	+0.136%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,458.3	+0.165%	$713K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0368%	1h	1,457.5	+0.111%	$2.0M	$6.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0399%	1h	1,457.3	+0.100%	$612K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,457.4	+0.103%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,458.9	+0.205%	$3.7M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0692%	1h	1,458.8	+0.202%	$45K	$49K	10x	as long as short