Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.015%

Price spread now: dYdX against Bybit−0.068%50s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1071.065% of the position

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.068%, 7d avg +0.009%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.077% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,446.1	0.0006	pay 0.0006% / 8h	2h 30m	$266.6M	$675.0M	75x
Short	dYdX ZEC-USD	1,445.1	0	get 0.0000% / 1h	30m 53s	$407K	$106K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$1.32
Price spread: −0.068% → +0.009%: −$7.69
Slippage, 4 orders: −$85.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$115.54
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; dYdX: live order book, 58 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 Bybit live order book, 3 min ago	0.04 bp	7.2 bp −$7	9.9 bp −$99	21.1 bp −$2,112	doesn't fit
Sell dYdX live order book, 58 min ago	41.05 bp	46.1 bp −$46	59.4 bp −$594	324.7 bp −$32.5K	1363.2 bp −$681.6K

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	−0.3476%	1h	1,433.1	−0.898%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0092%	8h	1,445.6	−0.036%	$28.8M	$74.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,444.6	−0.109%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,445.1	−0.070%	$17.6M	$44.5M	25x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.206%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,445.1	−0.068%	$407K	$106K	5x
Kalshi KXZECPERP	0.0000%	8h	1,444.6	−0.108%	$907K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,443.3	−0.198%	$82K	$401K	10x	as long as short
Bybit ZECUSDTlong	+0.0006%	8h	1,446.1	long leg	$266.6M	$675.0M	75x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,444.4	−0.120%	$5.1M	—	150x	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	+0.0009%	1h	1,445.8	−0.025%	$588K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,444.8	−0.093%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0028% / S +0.0071%	1h	1,444	−0.146%	$542K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0055%	8h	1,447	+0.063%	$171.4M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0071%	8h	1,445.5	−0.044%	$49.5M	$189.0M	75x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,444.2	−0.134%	$7K	$8K	5x	as long as short
Aster ZECUSDT	+0.0075%	8h	1,445.7	−0.029%	$15.2M	$34.6M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,443.8	−0.162%	$13K	$873K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,448.9	+0.193%	$18.7M	$54.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,444.2	−0.130%	$172K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,444.1	−0.143%	$59K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,444.5	−0.112%	$2.4M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,447.1	+0.068%	$747.6M	$494.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,444.3	−0.129%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,445.8	−0.021%	$659.0M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,442.7	−0.236%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	−0.077%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,445.7	−0.031%	$214.6M	$892.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,446.1	+0.001%	$102.6M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,446.9	+0.056%	$160.2M	$312.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,445.8	−0.020%	—	$102.9M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,446.6	+0.031%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,445.3	−0.057%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.7	+0.177%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,445.1	−0.073%	$703K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,445.2	−0.061%	$108K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,443.4	−0.188%	$347K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,444	−0.149%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,443.3	−0.192%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,445.7	−0.028%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,445.4	−0.050%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,445.1	−0.070%	$2.3M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,445.5	−0.042%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,445.9	−0.015%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,445.5	−0.045%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,444.9	−0.085%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,444.7	−0.101%	$862K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,447.1	+0.071%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0445%	1h	1,448.2	+0.147%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,446.6	+0.031%	$767K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,447.4	+0.090%	$1.9M	$8.5M	10x	as long as short