Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Binance against dYdX−0.129%49s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as 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−$960.956% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.129%, 7d avg +0.004%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.133% cheaper against dYdX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of +0.004%). If the spread goes back, that is −$13 on $10k: about 4.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.216%, so the current rate has only just turned in your favour. The two prices were read 49 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	dYdX ZEC-USD	1,479.1	0	get 0.0000% / 1h	38m 52s	$411K	$35K	5x
Short	Binance ZECUSDT	1,477.1	0.0100	get 0.0100% / 8h	1h 38m	$688.5M	$2.29B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.129%Rate

Funding earned: $21
Price spread: −0.129% → +0.004%: −$13.34
Slippage, 4 orders: −$75.57
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.91
Costs to cover: 0.956%
Break-even: 36.3 days

Slippage from dYdX: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago	36.73 bp	41.7 bp −$42	44.1 bp −$441	113.8 bp −$11.4K	360.0 bp −$180.0K
Sell Binance live order book, 5 min ago	0.03 bp	5.0 bp −$5	5.9 bp −$59	13.8 bp −$1,385	doesn't fit

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	−0.3684%	1h	1,484.2	+0.346%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0121%	8h	1,478.5	−0.040%	$30.5M	$73.7M	75x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	+0.119%	$895K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,478.3	−0.054%	$17.9M	$47.0M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,479.9	+0.057%	$6K	$1K	10x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,479.1	long leg	$411K	$35K	5x
Kalshi KXZECPERP	0.0000%	8h	1,479.5	+0.031%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.5	−0.103%	$64K	$301K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,479.3	+0.019%	$5.2M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0034%	1h	1,479.3	+0.014%	$676K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0075%	8h	1,478.8	−0.018%	$298K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,478.6	−0.031%	$159K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,479.5	+0.032%	$2.7M	$6.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.9	−0.146%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,478.7	−0.027%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,477.1	−0.129%	$688.5M	$2.29B	75x
Bybit ZECUSDT	+0.0100%	8h	1,476	−0.206%	$265.6M	$631.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.2	−0.194%	$178.6M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,481.9	+0.192%	$405K	$510K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.4	−0.115%	$54.0M	$181.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.5	−0.103%	$233.8M	$780.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.9	−0.148%	$101.4M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.4	−0.179%	$159.1M	$288.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,476.8	−0.155%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,478.8	−0.020%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,484.9	+0.393%	$48.5M	$33.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,484.1	+0.339%	$567K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,484.3	+0.355%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,485	+0.404%	$409K	$934K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,482.8	+0.251%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,478.7	−0.024%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,479.6	+0.035%	$162K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,478	−0.073%	$451K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.5	+0.098%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,478.3	−0.049%	$252K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.4	−0.112%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,478.3	−0.054%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,478.7	−0.026%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.7	−0.090%	$13K	$865K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477	−0.139%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,478.6	−0.032%	$42K	$152K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0126% / S −0.0117%	1h	1,477.5	−0.104%	$428K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,478.3	−0.055%	$925K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,485.3	+0.420%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,478.5	−0.041%	$8K	$7K	5x	as long as short
Aftermath Perps ZECUSD	+0.0150%	1h	1,482.8	+0.250%	$47K	$64K	10x	as long as short
Hyperliquid ZEC	+0.0209%	1h	1,478.1	−0.065%	$767.9M	$441.0M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,480.4	+0.089%	$632K	$8.6M	10x	as long as short
Lighter ZEC	+0.0280%	1h	1,478.6	−0.029%	$19.4M	$45.7M	20x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,479.6	+0.033%	$2.1M	$7.4M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,479.3	+0.013%	$3.6M	$10.0M	50x	as long as short