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

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

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

Long on dYdX Short on BingX

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

Funding pays, the price is against you. BingX is 0.138% cheaper against dYdX than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of +0.005%). If the spread goes back, that is −$14 on $10k: about 4.6 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.267%, 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	1,469.2	0	get 0.0000% / 1h	43m 15s	$414K	$106K	5x
Short	BingX ZEC-USDT	1,467.2	0.0100	get 0.0100% / 8h	1h 43m	—	$103.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $21
Price spread: −0.133% → +0.005%: −$13.75
Slippage, 4 orders: −$82.4
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.15
Costs to cover: 1.024%
Break-even: 38.7 days

Slippage from dYdX: live order book, 41 min ago; BingX: live order book, 11 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, 41 min ago	38.64 bp	44.8 bp −$45	52.1 bp −$521	102.1 bp −$10.2K	416.9 bp −$208.5K
Sell BingX live order book, 11 min ago	0.17 bp	8.3 bp −$8	10.5 bp −$105	15.6 bp −$1,563	27.6 bp −$13.8K

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	−0.424%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,467.1	−0.140%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0174%	1h	1,466.9	−0.155%	$398K	$521K	5x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,467.1	−0.140%	$29.1M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.2	−0.063%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0047%	8h	1,466.8	−0.159%	$271.7M	$673.4M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.6	−0.106%	$46.6M	$34.0M	—	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,469.2	long leg	$414K	$106K	5x
Kalshi KXZECPERP	0.0000%	8h	1,468.9	−0.019%	$891K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467.2	−0.131%	$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	−0.092%	$597K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.1	−0.076%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0079%	1h	1,467.7	−0.097%	$543K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,467.4	−0.118%	$294K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,467.3	−0.131%	$176.2M	$1.36B	50x	as long as short
Bulk ZEC-USD	+0.0054%	1h	1,460.6	−0.585%	$899K	$25K	10x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,468.3	−0.059%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0057%	8h	1,467.7	−0.103%	$49.9M	$184.3M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.6	−0.036%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,468	−0.078%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,468.9	−0.021%	$19.0M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.6	−0.105%	$173K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	−0.081%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.8	−0.090%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.8	−0.025%	$761.1M	$490.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.6	−0.104%	$15.4M	$33.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.9	−0.020%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.3	−0.129%	$675.4M	$2.50B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.3	−0.125%	$222.3M	$856.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.5	−0.114%	$103.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.4	−0.118%	$162.7M	$307.5M	75x	as long as short
BingX ZEC-USDTshort	+0.0100%	8h	1,467.2	−0.133%	—	$103.6M	—
edgeX ZECUSDC	+0.0100%	4h	1,468.2	−0.069%	$511K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.7	−0.101%	$3.0M	$481K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.8	−0.092%	$431K	$819K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.6	−0.042%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.1	−0.073%	$346K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.4	−0.122%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.9	−0.225%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.4	+0.018%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.8	−0.159%	$222K	$4.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,467.8	−0.097%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.5	−0.111%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.6	−0.107%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.2	−0.134%	$37K	$367K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,468.5	−0.049%	$844K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0235%	1h	1,469.2	−0.001%	$2.4M	$4.0M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,470.2	+0.071%	$3.7M	$11.7M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,469.3	+0.010%	$2.0M	$8.2M	10x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,469.3	+0.008%	$731K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0534%	1h	1,467.1	−0.142%	$41K	$34K	10x	as long as short