ZEC

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.044%

7d average+0.001%if it closes, per $10,000$4funding while held, a day+$3.09

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZECUSDT	1,521.7	0.0100	pay 0.0100% / 8h	1h 32m	$3.9M	$6.2M	50x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,522.4	L +0.0189% / S −0.0203%	get 0.0025% / 1h	32m 03s	$358K	—	100x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhemexbpFee GMXbpOrdersClose when spread is

Spread captured: $4.41
Funding while held: $3.09
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$16.5
Spread needed to break even: 0.240%

Slippage unknown: Phemex: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0103%
Per $10,000 a day: +$3.09
Average in range /8h: —

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 Phemex live order book, 3 min ago	1.54 bp	17.6 bp −$18	30.6 bp −$306	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective1,517cheapest Derive1,520.8+0.251%Bybit1,521+0.266%Binance1,521.1+0.272%Gate1,521.3+0.283%Backpack1,521.3+0.288%BloFin1,521.4+0.291%MEXC1,521.4+0.293%OKX1,521.4+0.295%Bitget1,521.5+0.300%SoDEX1,521.6+0.303%dYdX1,521.6+0.304%KuCoin1,521.6+0.306%

Phemex1,521.7+0.312%

Aster1,521.7+0.314%BingX1,521.8+0.316%Kraken Futures1,522+0.331%Extended1,522.1+0.336%Aevo1,522.1+0.338%Polymarket Perps1,522.1+0.339%gTrade (Gains Network)1,522.1+0.339%Bullet1,522.1+0.340%Orderly1,522.1+0.341%Hotstuff1,522.2+0.347%Popdex1,522.2+0.347%HTX1,522.3+0.350%

GMX1,522.4+0.357%

Ondo Perps1,522.4+0.359%Lighter RH1,522.5+0.365%Paradex1,522.5+0.368%Deribit1,522.6+0.369%Katana Perps1,522.7+0.375%Hyperliquid1,522.7+0.378%Lighter1,522.8+0.383%RISEx1,522.9+0.392%Perpl1,523.2+0.411%Pacifica1,523.4+0.422%Arcus1,523.6+0.438%Variational Omni1,523.6+0.440%Kalshi1,523.7+0.445%Nado1,523.9+0.458%StandX1,524+0.461%Aftermath Perps1,524.3+0.486%SunX1,524.4+0.487%Coinbase International1,525+0.527%Bulk1,525.2+0.545%ApeX Omni1,525.9+0.589%edgeX1,526.4+0.624%Phoenix1,526.5+0.630%

ZEC on 49 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.311%	−0.0250%	1h	$35K	$72K	12x	as long as short
Derive ZEC-PERP	−0.061%	+0.0100%	1h	$497K	$223K	6.7x	as long as short
Bybit ZECUSDT	−0.046%	+0.0080%	8h	$305.7M	$736.3M	75x	as long as short
Binance ZECUSDT	−0.041%	−0.0006%	8h	$711.2M	$2.80B	75x	as long as short
Gate ZEC_USDT	−0.029%	+0.0024%	8h	$52.6M	$216.9M	75x	as long as short
Backpack ZEC_USDC_PERP	−0.024%	+0.0100%	1h	$2.2M	$3.2M	15x	as long as short
BloFin ZEC-USDT	−0.022%	+0.0114%	8h	$31.6M	$78.5M	75x	as long as short
MEXC ZEC_USDT	−0.020%	−0.0005%	8h	$209.9M	$981.8M	150x	as long as short
OKX ZEC-USDT-SWAP	−0.018%	−0.0017%	8h	$191.0M	$1.65B	50x	as long as short
Bitget ZECUSDT	−0.012%	−0.0066%	8h	$170.5M	$318.8M	75x	as long as short

Show all 49 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX ZEC-USD	−0.009%	+0.0100%	1h	$228K	$5.5M	10x	as long as short
dYdX ZEC-USD	−0.009%	+0.0011%	1h	$428K	$119K	5x	as long as short
KuCoin ZECUSDTM	−0.007%	+0.0100%	8h	$105.1M	$70.1M	75x	as long as short
Phemex ZECUSDTlong	0.000%	+0.0100%	8h	$3.9M	$6.2M	50x
Aster ZECUSDT	+0.001%	−0.0030%	8h	$14.6M	$36.0M	75x	as long as short
BingX ZEC-USDT	+0.003%	+0.0074%	8h	—	$110.5M	—	as long as short
Kraken Futures PF_ZECUSD	+0.019%	+0.0025%	1h	$19.1M	$42.4M	25x	as long as short
Extended ZEC-USD	+0.024%	+0.0168%	1h	$3.4M	$4.5M	10x	as long as short
Aevo ZEC-PERP	+0.025%	+0.0080%	1h	$46K	$362K	20x	as long as short
Polymarket Perps ZEC-USD	+0.026%	−0.0006%	1h	$380K	$3.6M	10x	as long as short
gTrade (Gains Network) ZEC/USD	+0.026%	L +0.0007% / S −0.0006%	1h	$5.4M	—	150x	as long as short
Bullet ZEC-USD	+0.028%	+0.0049%	1h	$53K	$116K	20x	as long as short
Orderly PERP_ZEC_USDC	+0.029%	−0.0014%	8h	$282K	$1.7M	20x	as long as short
Hotstuff ZEC-PERP	+0.035%	−0.0080%	1h	$6K	$2K	10x	as long as short
Popdex ZECUSDT	+0.035%	+0.0096%	1h	$193K	$2.2M	50x	as long as short
HTX ZEC-USDT	+0.037%	+0.0100%	8h	$2.8M	$31.1M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	+0.044%	L +0.0189% / S −0.0203%	1h	$358K	—	100x
Ondo Perps ZEC-USD.P	+0.046%	+0.0100%	1h	$318K	$689K	5x	as long as short
Lighter RH ZEC	+0.052%	+0.0096%	1h	$1.7M	$7.8M	10x	as long as short
Paradex ZEC-USD-PERP	+0.056%	+0.0098%	8h	$63K	$38K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.057%	0.0000%	1h	$578K	$723K	25x	as long as short
Katana Perps ZEC-USD	+0.062%	+0.0093%	8h	$17K	$1.2M	10x	as long as short
Hyperliquid ZEC	+0.066%	+0.0100%	1h	$828.5M	$659.1M	10x	as long as short
Lighter ZEC	+0.071%	+0.0096%	1h	$20.6M	$58.3M	20x	as long as short
RISEx ZEC/USDC	+0.079%	+0.0060%	1h	$883K	$2.8M	10x	as long as short
Perpl ZEC	+0.099%	0.0000%	43m	$42K	$425K	10x	as long as short
Pacifica ZEC	+0.110%	+0.0100%	1h	$1.7M	$3.9M	10x	as long as short
Arcus ZEC-USD	+0.125%	+0.0100%	1h	$609K	$5.2M	10x	as long as short
Variational Omni ZEC	+0.128%	+0.0100%	8h	$50.0M	$33.0M	—	as long as short
Kalshi KXZECPERP	+0.132%	0.0000%	8h	$1.1M	$6.0M	2.2x	as long as short
Nado ZEC-PERP	+0.145%	+0.0100%	1h	$3.2M	$7.7M	10x	as long as short
StandX ZEC-USD	+0.149%	+0.0100%	1h	$67K	$2.0M	30x	as long as short
Aftermath Perps ZECUSD	+0.173%	+0.0418%	1h	$41K	$19K	10x	as long as short
SunX ZEC-USDT	+0.174%	+0.0100%	8h	$3K	$1.3M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.214%	+0.0144%	1h	$3.7M	$13.6M	50x	as long as short
Bulk ZEC-USD	+0.232%	+0.0100%	1h	$924K	$45K	10x	as long as short
ApeX Omni ZECUSDT	+0.275%	−0.0524%	1h	$1.0M	$349K	50x	as long as short
edgeX ZECUSDC	+0.311%	+0.0100%	4h	$513K	$10.6M	20x	as long as short
Phoenix ZEC	+0.317%	−0.0016%	1h	$5.0M	$1.4M	10x	as long as short