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: SunX against Gate+0.164%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1411.405% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 4 days (all we have)+0.271%+$27 · spread now +0.164%, 7d avg +0.108%

Together, before fees+0.583%+$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.056% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,460.5	0.0100	pay 0.0100% / 8h	4h 24m	$50.7M	$174.2M	75x
Short	SunX ZEC-USDT	1,462.9	0.0100	get 0.0100% / 8h	4h 24m	$3K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.108%: $5.62
Slippage, 4 orders: −$117.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$134.91
Costs to cover: 1.405%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; SunX: live order book, 9 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, 4 min ago	0.03 bp	11.4 bp −$11	16.9 bp −$169	28.7 bp −$2,868	56.5 bp −$28.3K
Sell SunX live order book, 9 min ago	29.03 bp	68.8 bp −$69	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 PERP	−0.3166%	1h	1,460.6	+0.006%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.6	−0.131%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,460.7	+0.009%	$29.3M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,460.1	−0.031%	$411K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.3	+0.117%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,460	−0.037%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.5	−0.001%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,460.7	+0.008%	$292K	$956K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0068% / S −0.0019%	1h	1,460.7	+0.009%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,460.2	−0.025%	$8K	$7K	5x	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	1,460.3	−0.014%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,460	−0.036%	$11K	$856K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.3	−0.018%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.4	−0.011%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,461.7	+0.079%	$759.7M	$431.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.8	+0.021%	$14.5M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.5	−0.002%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.5	−0.003%	$671.1M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.9	−0.047%	$263.5M	$600.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.3	−0.017%	$178.3M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.331%	$396K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	−0.450%	$877K	$29K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,460.5	long leg	$50.7M	$174.2M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,460.7	+0.011%	$216.6M	$772.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.8	+0.016%	$102.7M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.6	+0.004%	$166.3M	$271.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,460.4	−0.011%	—	$103.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,461.3	+0.050%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.9	−0.182%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.8	−0.326%	$567K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.4	−0.218%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	−0.244%	$406K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,458.4	−0.150%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.4	−0.010%	$367K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.7	+0.011%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.8	−0.054%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,462.9	+0.164%	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,460.8	+0.016%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.7	−0.058%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.2	−0.021%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.5	−0.001%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460.6	+0.007%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,458.1	−0.166%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0231%	1h	1,461.5	+0.065%	$611K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,460.6	+0.007%	$18.1M	$45.0M	25x	as long as short
Lighter ZEC	+0.0288%	1h	1,461.8	+0.086%	$19.2M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,460.2	−0.023%	$924K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,462.1	+0.106%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0456%	1h	1,461.8	+0.088%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,461.1	+0.041%	$690K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0681%	1h	1,457.3	−0.219%	$45K	$49K	10x	as long as short