Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.008%

Price spread now: Gate against StandX+0.103%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on StandX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.103%, 7d avg −0.012%

Together, before fees−0.387%+ Points / potential airdropStandX: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.115% dearer against StandX than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.012%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 7 days (−0.299% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX ZEC-USD	1,465.8	0.0100	pay 0.0013% / 1h	26m 27s	$110K	$4.8M	30x
Short	Gate ZEC_USDT	1,467.3	0.0051	get 0.0051% / 8h	1h 26m	$50.0M	$185.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against StandX. 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 StandXbpFee GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: −$10.29
Price spread: +0.103% → −0.012%: $11.49
Slippage, 4 orders: −$17.12
Fee StandX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.92
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from StandX: live order book, 3 min ago; Gate: live order book, 3 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 StandX live order book, 3 min ago	4.65 bp	9.7 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.44 bp	11.4 bp −$11	18.9 bp −$189	31.9 bp −$3,186	57.2 bp −$28.6K

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	−0.3310%	1h	1,463.6	−0.150%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,466.3	+0.037%	$17.8M	$44.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0216%	1h	1,462	−0.259%	$397K	$514K	5x	as long as short
BloFin ZEC-USDT	−0.0097%	8h	1,466.4	+0.042%	$29.3M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.2	+0.025%	$6K	$2K	10x	as long as short
Bulk ZEC-USD	−0.0065%	1h	1,462.1	−0.252%	$902K	$27K	10x	as long as short
Bybit ZECUSDT	−0.0056%	8h	1,466.8	+0.071%	$272.0M	$667.4M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,463	−0.194%	$46.5M	$33.7M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.6	+0.053%	$413K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,467.9	+0.143%	$887K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,467.2	+0.094%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.6	+0.125%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,467.4	+0.106%	$293K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,467.6	+0.121%	$356K	—	100x	as long as short
Gate ZEC_USDTshort	+0.0051%	8h	1,467.3	+0.103%	$50.0M	$185.8M	75x
OKX ZEC-USDT-SWAP	+0.0052%	8h	1,467.5	+0.119%	$176.9M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,467.5	+0.113%	$8K	$8K	5x	as long as short
ApeX Omni ZECUSDT	+0.0070%	1h	1,463.9	−0.130%	$430K	$821K	50x	as long as short
Phoenix ZEC	+0.0075%	1h	1,464.5	−0.091%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.3	+0.102%	$174K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,467.7	+0.132%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.6	+0.051%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,466.9	+0.075%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.5	+0.184%	$761.4M	$485.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.1	+0.091%	$15.6M	$32.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.9	+0.074%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.5	+0.115%	$676.1M	$2.48B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.4	+0.106%	$222.4M	$864.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.5	+0.116%	$103.9M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.3	+0.104%	$162.4M	$305.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.3	+0.103%	—	$103.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,463.1	−0.187%	$510K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.2	−0.179%	$3.0M	$481K	10x	as long as short
StandX ZEC-USDlong	+0.0100%	1h	1,465.8	long leg	$110K	$4.8M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.4	+0.109%	$344K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.3	+0.099%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,464.2	−0.107%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,467	+0.083%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.2	+0.027%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,465.6	−0.014%	$2.5M	$23.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,466.7	+0.061%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.7	+0.060%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,466.6	+0.056%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0152%	1h	1,468.1	+0.156%	$19.0M	$52.6M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0170%	1h	1,467.2	+0.093%	$597K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0185%	1h	1,466.6	+0.056%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,467.2	+0.092%	$844K	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0400%	1h	1,468.5	+0.184%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,467.9	+0.140%	$3.7M	$11.6M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,467.6	+0.122%	$726K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0564%	1h	1,465.3	−0.036%	$41K	$34K	10x	as long as short