Funding you earn now, next payment 23:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.032%
Price spread now: dYdX against Backpack−0.004%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1011.010% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.004%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.343%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,465.7 | 0.0197 | pay 0.0025% / 1h | 23m 19s | $2.3M | $3.8M | 15x |
| Short | dYdX ZEC-USD | 1,465.6 | 0 | get 0.0000% / 1h | 23m 19s | $413K | $104K | 5x |
Backpack ZEC_USDC_PERP
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Backpack. 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
- −$41.35
- Price spread: −0.004% → −0.001%
- −$0.35
- Slippage, 4 orders
- −$80.99
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$142.69
- Costs to cover
- 1.010%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; dYdX: live order book, 61 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 Backpack live order book, 1 min ago | 0.03 bp | 5.4 bp −$5 | 14.1 bp −$141 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 61 min ago | 38.64 bp | 44.1 bp −$44 | 48.4 bp −$484 | 103.4 bp −$10.3K | 412.9 bp −$206.4K |
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 | 1,469.5 | +0.263% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,464.5 | −0.082% | $17.8M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0226% | 1h | 1,464.3 | −0.094% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0089% | 8h | 1,464.3 | −0.093% | $29.2M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.4 | −0.022% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.244% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0060% | 8h | 1,463.4 | −0.156% | $271.5M | $668.0M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,465.3 | −0.024% | $46.6M | $33.5M | — | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,465.6 | −0.004% | $413K | $104K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.1 | +0.166% | $887K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,464.4 | −0.086% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.5 | −0.083% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,464.6 | −0.076% | $292K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,464.3 | −0.097% | $355K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,464.1 | −0.109% | $49.8M | $186.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0051% | 8h | 1,464.5 | −0.078% | $176.4M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,465.3 | −0.029% | $8K | $8K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0073% | 1h | 1,465.3 | −0.026% | $596K | $1.3M | 25x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467.6 | +0.130% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0082% | 1h | 1,467.6 | +0.130% | $431K | $822K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.4 | −0.088% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.4 | −0.016% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,464.8 | −0.057% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.2 | −0.031% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,465.2 | −0.033% | $759.7M | $478.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,464.5 | −0.079% | $15.6M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.6 | −0.004% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,464.3 | −0.095% | $674.6M | $2.48B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,464.1 | −0.111% | $220.2M | $865.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,464.5 | −0.081% | $103.5M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,464.3 | −0.096% | $162.4M | $304.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,464.2 | −0.101% | — | $102.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.7 | +0.135% | $512K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.4 | +0.118% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,466.2 | +0.035% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.121% | $343K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.119% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.8 | −0.197% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.3 | +0.107% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,464.3 | −0.093% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463.5 | −0.150% | $2.5M | $23.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.7 | −0.069% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,464.7 | −0.068% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.2 | −0.103% | $36K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0136% | 1h | 1,466 | +0.023% | $19.0M | $52.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,465.2 | −0.033% | $842K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0197% | 1h | 1,465.7 | long leg | $2.3M | $3.8M | 15x | |
| Lighter RH ZEC | +0.0400% | 1h | 1,466.9 | +0.083% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,466.1 | +0.031% | $3.7M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,466.5 | +0.053% | $725K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0573% | 1h | 1,465.4 | −0.022% | $41K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD