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 +0.011%

Price spread now: Aster against dYdX−0.045%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1011.007% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.262%−$26 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.045%, 7d avg −0.018%

Together, before fees−0.307%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.027% cheaper against dYdX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.018%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 5 days funding on this pair cost −0.262%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZEC-USD	1,458.8	0	get 0.0000% / 1h	50m 41s	$411K	$106K	5x
Short	Aster ZECUSDT	1,458.1	0.0100	get 0.0100% / 8h	1h 50m	$15.3M	$33.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpFee AsterbpOrdersPrice spread, now −0.045%Rate

Funding earned: $21
Price spread: −0.045% → −0.018%: −$2.65
Slippage, 4 orders: −$82.66
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$82.31
Costs to cover: 1.007%
Break-even: 34.4 days

Slippage from dYdX: live order book, 33 min ago; Aster: 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 dYdX live order book, 33 min ago	38.64 bp	44.8 bp −$45	52.1 bp −$521	102.1 bp −$10.2K	416.9 bp −$208.5K
Sell Aster live order book, 3 min ago	0.44 bp	5.9 bp −$6	8.4 bp −$84	18.9 bp −$1,891	114.9 bp −$57.5K

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	+0.286%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0406%	1h	1,459.3	+0.038%	$17.7M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0105%	1h	1,458.3	−0.032%	$397K	$515K	5x	as long as short
BloFin ZEC-USDT	−0.0094%	8h	1,459	+0.019%	$29.1M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.9	+0.146%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0045%	8h	1,457.6	−0.084%	$269.0M	$677.5M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.5	+0.601%	$46.8M	$34.4M	—	as long as short
ApeX Omni ZECUSDT	−0.0002%	1h	1,461.6	+0.191%	$429K	$817K	50x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,458.8	long leg	$411K	$106K	5x
Kalshi KXZECPERP	0.0000%	8h	1,460.7	+0.135%	$934K	$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	1,458.8	+0.002%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,460.6	+0.127%	$594K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.6	+0.128%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0078%	1h	1,460.6	+0.123%	$558K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,460.2	+0.100%	$293K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0052%	8h	1,458.2	−0.036%	$174.8M	$1.36B	50x	as long as short
Bulk ZEC-USD	+0.0054%	1h	1,460.6	+0.123%	$899K	$25K	10x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,460.4	+0.111%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0058%	8h	1,458.3	−0.030%	$49.7M	$183.6M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,467	+0.563%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,460.1	+0.088%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,459.6	+0.056%	$18.8M	$52.3M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.5	+0.047%	$172K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457.3	−0.102%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,461.2	+0.169%	$2.5M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.7	−0.005%	$755.8M	$489.3M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,458.1	−0.045%	$15.3M	$33.6M	75x
Pacifica ZEC	+0.0100%	1h	1,458.6	−0.009%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,458.1	−0.044%	$668.8M	$2.52B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458.1	−0.043%	$219.1M	$851.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.8	−0.069%	$102.9M	$56.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458	−0.052%	$161.4M	$308.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,458.1	−0.047%	—	$103.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.1	+0.161%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,466.2	+0.512%	$3.0M	$492K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.3	+0.170%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459.9	+0.077%	$343K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.3	+0.106%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.7	−0.007%	$446K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.5	+0.189%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.3	+0.038%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459	+0.016%	$2.4M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.3	+0.036%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.9	+0.010%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.9	+0.076%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,460.1	+0.094%	$841K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0253%	1h	1,459.9	+0.080%	$2.3M	$4.0M	15x	as long as short
Lighter RH ZEC	+0.0416%	1h	1,459.9	+0.077%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,461.4	+0.182%	$3.7M	$11.6M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,459.6	+0.056%	$746K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0512%	1h	1,463.4	+0.318%	$40K	$34K	10x	as long as short