ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.022%

Price spread now: GMX against dYdX+0.003%7-day average +0.035% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.003%, 7d avg +0.035%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.031% cheaper against dYdX than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.035%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 3 days funding on this pair cost −0.112%, 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	1,504.2	0	get 0.0000% / 1h	41m 13s	$418K	$35K	5x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,504.2	L +0.0161% / S −0.0199%	get 0.0025% / 1h	41m 13s	$437K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $41.75
Price spread: +0.003% → +0.035%: −$3.15
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $16.6
Costs to cover: 0.220%
Break-even: 4.2 days

Slippage unknown: dYdX: live order book, 63 min ago; GMX: no order-book sample. Net counts fees only.

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, 63 min ago	36.73 bp	41.7 bp −$42	44.1 bp −$441	113.8 bp −$11.4K	360.0 bp −$180.0K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3442%	1h	1,504.3	+0.006%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,502.1	−0.138%	$62K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0180%	8h	1,504.4	+0.014%	$31.0M	$75.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.9	−0.020%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0072%	1h	1,501	−0.214%	$48K	$59K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,497	−0.475%	$904K	$2K	10x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,504.2	long leg	$418K	$35K	5x
Kalshi KXZECPERP	0.0000%	8h	1,503.6	−0.039%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,504.3	+0.008%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,504.4	+0.014%	$18.1M	$46.7M	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	+0.0083%	8h	1,503.5	−0.047%	$303K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,505.2	+0.068%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.6	−0.037%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,503.9	−0.021%	$14K	$878K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503.4	−0.053%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.6	+0.031%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.1	+0.062%	$786.5M	$445.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.9	−0.015%	$14.1M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504.3	+0.006%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.4	+0.018%	$703.8M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.8	−0.023%	$270.9M	$623.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.2	+0.004%	$183.5M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,500.8	−0.224%	$411K	$563K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.4	−0.050%	$56.3M	$183.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,504.6	+0.026%	$239.2M	$792.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,504.4	+0.016%	$103.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,504	−0.011%	$162.4M	$289.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,503.6	−0.038%	—	$118.2M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.5	−0.177%	$49.0M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.8	−0.023%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,500.8	−0.221%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499.8	−0.292%	$413K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,504.9	+0.046%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.7	−0.031%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.8	−0.022%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,503	−0.079%	$459K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506	+0.123%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.9	−0.021%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,502.8	−0.093%	$2.7M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,504.2	+0.001%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.8	−0.023%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.6	−0.037%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,504	−0.013%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,503.6	−0.039%	$945K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0136%	1h	1,505.8	+0.108%	$2.1M	$7.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0161% / S −0.0199%	1h	1,504.2	+0.003%	$437K	—	100x
Deribit ZEC_USDC-PERPETUAL	+0.0161%	1h	1,504.6	+0.026%	$687K	$1.4M	25x	as long as short
Lighter ZEC	+0.0232%	1h	1,505.9	+0.116%	$19.8M	$45.2M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,504.4	+0.013%	$607K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,504.9	+0.047%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0535%	1h	1,504.6	+0.026%	$2.4M	$3.9M	15x	as long as short