ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.018%

Price spread now: Deribit against dYdX+0.116%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 3 days (all we have)+0.379%+$38 · spread now +0.116%, 7d avg +0.071%

Together, before fees+0.276%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.045% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, 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	1,473.7	0	get 0.0000% / 1h	52m 42s	$415K	$104K	5x
Short	Deribit ZEC_USDC-PERPETUAL	1,475.5	0.0019	get 0.0002% / 1h	52m 42s	$615K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.116%Rate

Funding earned: $4
Price spread: +0.116% → +0.071%: $4.46
Slippage, 4 orders: −$78.89
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$87.43
Costs to cover: 0.959%
Break-even: 159.8 days

Slippage from dYdX: live order book, 26 min ago; Deribit: live order book, 1 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, 26 min ago	30.89 bp	43.2 bp −$43	53.0 bp −$530	89.5 bp −$8,951	310.7 bp −$155.4K
Sell Deribit live order book, 1 min ago	4.10 bp	7.7 bp −$8	15.1 bp −$151	doesn't fit	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	−0.3089%	1h	1,475.9	+0.144%	$34K	$275K	12x	as long as short
ApeX Omni ZECUSDT	−0.0365%	1h	1,474	+0.019%	$432K	$827K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0334%	1h	1,473.5	−0.017%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0224%	1h	1,474.6	+0.059%	$18.0M	$44.6M	25x	as long as short
BloFin ZEC-USDT	−0.0111%	8h	1,474.5	+0.052%	$29.5M	$75.7M	75x	as long as short
Bybit ZECUSDT	−0.0087%	8h	1,473	−0.053%	$273.4M	$661.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.2	+0.028%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0037%	8h	1,473.4	−0.022%	$47.0M	$33.5M	—	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,473.7	long leg	$415K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,476.4	+0.183%	$901K	$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	1,474	+0.018%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.9	+0.079%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,474.7	+0.066%	$295K	$1.4M	20x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0019%	1h	1,475.5	+0.116%	$615K	$1.3M	25x
Phoenix ZEC	+0.0024%	1h	1,475.6	+0.127%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,474.8	+0.070%	$366K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,473.7	0.000%	$180.5M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,474	+0.019%	$50.7M	$183.9M	75x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,474.6	+0.059%	$8K	$8K	5x	as long as short
SoDEX ZEC-USD	+0.0065%	1h	1,474.5	+0.048%	$227K	$4.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474.7	+0.067%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,475.3	+0.102%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.8	+0.003%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.6	+0.057%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.8	+0.072%	$765.4M	$473.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.8	+0.001%	$15.6M	$32.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.2	+0.032%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.8	+0.005%	$681.9M	$2.47B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475	+0.084%	$714K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.1	−0.178%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.9	+0.011%	$223.0M	$830.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.6	−0.010%	$104.2M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.9	+0.011%	$162.8M	$303.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.8	+0.006%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	+0.037%	$513K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475.5	+0.121%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,475.4	+0.110%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.6	+0.058%	$348K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.4	+0.045%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473	−0.049%	$449K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.1	+0.227%	$3K	$1.2M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.2	−0.038%	$2.5M	$23.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.8	+0.074%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.4	+0.047%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.5	+0.049%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,475.3	+0.108%	$836K	$1.2M	10x	as long as short
Lighter ZEC	+0.0144%	1h	1,475.5	+0.116%	$19.1M	$52.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,476.8	+0.209%	$3.8M	$11.0M	50x	as long as short
Lighter RH ZEC	+0.0504%	1h	1,475.7	+0.133%	$2.0M	$8.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0552%	1h	1,475.6	+0.125%	$2.4M	$3.7M	15x	as long as short
Aftermath Perps ZECUSD	+0.0628%	1h	1,474.7	+0.062%	$46K	$47K	10x	as long as short