Funding you earn now, next payment 03:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.007%
Price spread now: Bullet against GMX+0.012%7-day average −0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.057%+$6 on $10k
+Price spread, last 3 days (all we have)−0.197%−$20 · spread now +0.012%, 7d avg −0.040%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bullet is 0.052% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,464.7 | L +0.0055% / S −0.0009% | pay 0.0007% / 1h | 54m 08s | $383K | — | 100x |
| Short | Bullet ZEC-USD | 1,464.8 | 0.0100 | get 0.0013% / 1h | 54m 08s | $127K | $160K | 20x |
GMX ZEC/USD [WBTC.b-USDC]
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.48
- Price spread: +0.012% → −0.040%
- $5.24
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$5.27
- Costs to cover
- 0.200%
- Break-even
- 10.9 days
Slippage unknown: GMX: no order-book sample; Bullet: live order book, 10 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 10 min ago | 1.80 bp | 7.3 bp −$7 | 11.4 bp −$114 | doesn't fit | doesn't fit |
GMX: 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 50 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 | 1,469.5 | +0.333% | $34K | $272K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0430% | 1h | 1,464 | −0.048% | $426K | $879K | 50x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,464.1 | −0.038% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0010% | 1h | 1,465.5 | +0.058% | $397K | $440K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,463.5 | −0.075% | $412K | $47K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464.6 | −0.001% | $964K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464 | −0.048% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.8 | +0.012% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0034% | 8h | 1,464.8 | +0.010% | $292K | $983K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0055% / S −0.0009% | 1h | 1,464.7 | long leg | $383K | — | 100x |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0070% | 1h | 1,466.4 | +0.121% | $4.6M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,465.4 | +0.048% | $8K | $7K | 5x | as long as short |
| Variational Omni ZEC | +0.0084% | 8h | 1,465.1 | +0.027% | $47.8M | $32.1M | — | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.6 | −0.006% | $173K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0098% | 8h | 1,465.1 | +0.031% | $180.4M | $1.24B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,464 | −0.044% | $19K | $846K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.9 | −0.049% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.7 | +0.002% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.1 | +0.099% | $764.2M | $432.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,464.8 | +0.012% | $14.7M | $29.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,464.2 | −0.032% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.2 | +0.039% | $677.3M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,465 | +0.023% | $271.3M | $604.6M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.6 | −0.143% | $888K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,464.9 | +0.016% | $50.1M | $170.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.2 | +0.034% | $215.6M | $768.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,464.6 | −0.003% | $103.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,465.4 | +0.050% | $162.8M | $275.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,465.4 | +0.053% | — | $97.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.3 | +0.042% | $570K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | +0.087% | $3.0M | $430K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.8 | +0.078% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.1 | −0.038% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,464.8 | +0.012% | $127K | $160K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,463.4 | −0.083% | $447K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.3 | +0.178% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465.1 | +0.033% | $241K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465 | +0.024% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,465 | +0.022% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,465 | +0.024% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.9 | +0.016% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,466.5 | +0.127% | $19.2M | $45.8M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0130% | 1h | 1,465.6 | +0.064% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0194% | 1h | 1,465.3 | +0.042% | $18.0M | $43.7M | 25x | as long as short |
| Lighter RH ZEC | +0.0232% | 1h | 1,466.8 | +0.149% | $2.1M | $6.8M | 10x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,466.3 | +0.115% | $704K | $8.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0341% | 1h | 1,465.9 | +0.088% | $611K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,465.2 | +0.035% | $848K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,466.7 | +0.138% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0731% | 1h | 1,466.4 | +0.118% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
01 Exchange ZECUSD
Variational Omni ZEC
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Lighter RH ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD