Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: dYdX against BingX+0.133%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.133%, 7d avg −0.005%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.138% dearer against BingX than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.005%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.267%, 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	BingX ZEC-USDT	1,467.2	0.0100	pay 0.0100% / 8h	1h 43m	—	$103.6M	—
Short	dYdX ZEC-USD	1,469.2	0	get 0.0000% / 1h	43m 14s	$414K	$106K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$21
Price spread: +0.133% → −0.005%: $13.77
Slippage, 4 orders: −$82.4
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$109.63
Costs to cover: 1.024%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; dYdX: live order book, 41 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 BingX live order book, 11 min ago	0.17 bp	5.2 bp −$5	5.4 bp −$54	9.4 bp −$943	23.1 bp −$11.6K
Sell dYdX live order book, 41 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	1,462.9	−0.292%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,467.1	−0.007%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0174%	1h	1,466.9	−0.022%	$398K	$521K	5x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,467.1	−0.007%	$29.1M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.2	+0.070%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0047%	8h	1,466.8	−0.027%	$271.7M	$673.4M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.6	+0.026%	$46.6M	$34.0M	—	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,469.2	+0.133%	$414K	$106K	5x
Kalshi KXZECPERP	0.0000%	8h	1,468.9	+0.114%	$891K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467.2	+0.001%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.8	+0.041%	$597K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.1	+0.057%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0079%	1h	1,467.7	+0.035%	$543K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,467.4	+0.014%	$294K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,467.3	+0.002%	$176.2M	$1.36B	50x	as long as short
Bulk ZEC-USD	+0.0054%	1h	1,460.6	−0.453%	$899K	$25K	10x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,468.3	+0.074%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0057%	8h	1,467.7	+0.030%	$49.9M	$184.3M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.6	+0.097%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,468	+0.055%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,468.9	+0.112%	$19.0M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.6	+0.028%	$173K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	+0.052%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.8	+0.043%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.8	+0.108%	$761.1M	$490.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.6	+0.028%	$15.4M	$33.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.9	+0.113%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.3	+0.003%	$675.4M	$2.50B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.3	+0.007%	$222.3M	$856.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.5	+0.019%	$103.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.4	+0.014%	$162.7M	$307.5M	75x	as long as short
BingX ZEC-USDTlong	+0.0100%	8h	1,467.2	long leg	—	$103.6M	—
edgeX ZECUSDC	+0.0100%	4h	1,468.2	+0.064%	$511K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.7	+0.031%	$3.0M	$481K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.8	+0.041%	$431K	$819K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.6	+0.091%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.1	+0.060%	$346K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.4	+0.011%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.9	−0.093%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.4	+0.151%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.8	−0.027%	$222K	$4.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,467.8	+0.036%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.5	+0.022%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.6	+0.026%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.2	−0.002%	$37K	$367K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,468.5	+0.084%	$844K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0235%	1h	1,469.2	+0.132%	$2.4M	$4.0M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,470.2	+0.204%	$3.7M	$11.7M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,469.3	+0.143%	$2.0M	$8.2M	10x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,469.3	+0.140%	$731K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0534%	1h	1,467.1	−0.009%	$41K	$34K	10x	as long as short