Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.021%

Price spread now: Gate against dYdX−0.068%7-day average +0.002% · 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−$109as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.068%, 7d avg +0.002%

Together, before fees−0.185%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.070% cheaper against dYdX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.002%). If the spread goes back, that is −$7 on $10k: about 5.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.264%, 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	1,471	0	get 0.0000% / 1h	31m 20s	$414K	$104K	5x
Short	Gate ZEC_USDT	1,470	0.0045	get 0.0045% / 8h	31m 20s	$50.7M	$186.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.068%Rate

Funding earned: $9.45
Price spread: −0.068% → +0.002%: −$7.03
Slippage, 4 orders: −$77.18
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.76
Costs to cover: 1.022%
Break-even: 80.9 days

Slippage from dYdX: live order book, 48 min ago; Gate: 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, 48 min ago	30.89 bp	43.2 bp −$43	53.0 bp −$530	89.5 bp −$8,951	310.7 bp −$155.4K
Sell Gate live order book, 3 min ago	0.41 bp	11.3 bp −$11	16.7 bp −$167	30.9 bp −$3,086	53.6 bp −$26.8K

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	−0.3089%	1h	1,472.3	+0.089%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0262%	1h	1,470.1	−0.063%	$399K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,470	−0.072%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDT	−0.0111%	8h	1,469.3	−0.118%	$274.7M	$654.7M	75x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,469.7	−0.090%	$29.6M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470	−0.069%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0057%	8h	1,468.8	−0.152%	$46.8M	$33.8M	—	as long as short
ApeX Omni ZECUSDT	−0.0045%	1h	1,470.3	−0.047%	$431K	$841K	50x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,471	long leg	$414K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,469.8	−0.081%	$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	1,469.8	−0.085%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.3	−0.052%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,470.1	−0.063%	$294K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,470.5	−0.038%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,471	−0.004%	$4.6M	$1.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0026%	1h	1,470.8	−0.013%	$613K	$1.3M	25x	as long as short
OKX ZEC-USDT-SWAP	+0.0037%	8h	1,469.9	−0.075%	$180.6M	$1.34B	50x	as long as short
Gate ZEC_USDTshort	+0.0045%	8h	1,470	−0.068%	$50.7M	$186.4M	75x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0010%	1h	1,470.3	−0.051%	$371K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,471.4	+0.025%	$19.1M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.2	−0.059%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,469.3	−0.119%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.6	−0.097%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.3	−0.047%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471	−0.002%	$762.4M	$474.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,469.9	−0.078%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.3	−0.047%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470	−0.071%	$683.4M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.9	+0.061%	$720K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.1	+0.139%	$909K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470	−0.069%	$231.6M	$837.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.3	−0.050%	$103.5M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470	−0.069%	$162.8M	$301.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,469.2	−0.126%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.1	−0.063%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.2	−0.056%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.8	−0.014%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.8	−0.084%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.1	−0.064%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.5	−0.173%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.4	+0.092%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470	−0.070%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.7	−0.092%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.3	−0.052%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.3	−0.051%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.1	−0.066%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,470.8	−0.018%	$825K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0419%	1h	1,470.8	−0.019%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,472.3	+0.083%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0488%	1h	1,472	+0.069%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0703%	1h	1,471.5	+0.033%	$46K	$47K	10x	as long as short