Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: HTX against dYdX−0.279%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.348%−$35 on $10k

Price spread, last 3 days (all we have)+0.487%+$49 · spread now −0.279%, 7d avg −0.022%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.258% cheaper against dYdX than usual: you would sell low and buy high (spread −0.279% now, against its 7-day average of −0.022%). If the spread goes back, that is −$26 on $10k: about 8.6 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.348%, 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	1,471.3	0	get 0.0000% / 1h	47m 15s	$414K	$104K	5x
Short	HTX ZEC-USDT	1,467.2	0.0100	get 0.0100% / 8h	47m 15s	$2.5M	$23.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.279%Rate

Funding earned: $21
Price spread: −0.279% → −0.022%: −$25.75
Slippage, 4 orders: −$76.63
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$103.39
Costs to cover: 0.986%
Break-even: 41.5 days

Slippage from dYdX: live order book, 32 min ago; HTX: live order book, 2 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, 32 min ago	30.89 bp	43.2 bp −$43	53.0 bp −$530	89.5 bp −$8,951	310.7 bp −$155.4K
Sell HTX live order book, 2 min ago	2.41 bp	9.3 bp −$9	11.8 bp −$118	31.3 bp −$3,126	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	1,472.8	+0.103%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0226%	1h	1,467.6	−0.249%	$17.8M	$44.3M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0210%	1h	1,468.5	−0.191%	$399K	$515K	5x	as long as short
ApeX Omni ZECUSDT	−0.0190%	1h	1,472.5	+0.077%	$432K	$830K	50x	as long as short
BloFin ZEC-USDT	−0.0105%	8h	1,468	−0.228%	$29.4M	$75.3M	75x	as long as short
Bybit ZECUSDT	−0.0094%	8h	1,467.2	−0.277%	$273.1M	$657.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.4	+0.002%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0040%	8h	1,471.8	+0.033%	$46.8M	$33.6M	—	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,471.3	long leg	$414K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,471.8	+0.034%	$903K	$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	1,470.4	−0.061%	$84K	$404K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,468.4	−0.200%	$612K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.5	−0.190%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,467.6	−0.252%	$293K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.1	+0.119%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,467.2	−0.280%	$180.3M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,470.5	−0.059%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0042%	8h	1,470.3	−0.069%	$50.6M	$184.5M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0011%	1h	1,468.7	−0.178%	$365K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,469.3	−0.134%	$19.0M	$52.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.9	−0.094%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,470.7	−0.039%	$11K	$830K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470	−0.090%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.1	−0.015%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.6	+0.019%	$763.0M	$474.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.3	−0.071%	$15.5M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.1	−0.016%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.4	−0.198%	$680.3M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.7	+0.028%	$719K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472	+0.047%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.6	−0.186%	$220.5M	$832.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.3	−0.066%	$103.9M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.6	−0.251%	$162.4M	$302.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,468.7	−0.180%	—	$102.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473	+0.113%	$513K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.8	+0.169%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472	+0.045%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.2	−0.076%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.5	−0.191%	$127K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.2	−0.348%	$447K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.5	+0.077%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.5	−0.257%	$237K	$4.5M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,467.2	−0.279%	$2.5M	$23.2M	75x
Phemex ZECUSDT	+0.0100%	8h	1,468.5	−0.191%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468	−0.224%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,468	−0.227%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,470.8	−0.033%	$834K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0421%	1h	1,471.6	+0.017%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,469.9	−0.097%	$3.8M	$10.9M	50x	as long as short
Lighter RH ZEC	+0.0528%	1h	1,470	−0.089%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0652%	1h	1,472.8	+0.103%	$46K	$47K	10x	as long as short