Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: MEXC against dYdX+0.140%47s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.550% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.140%, 7d avg +0.004%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.135% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.222%, so the current rate has only just turned in your favour. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZEC-USD	1,451.6	0	get 0.0000% / 1h	33m 54s	$409K	$44K	5x
Short	MEXC ZEC_USDT	1,453.6	0.0100	get 0.0100% / 8h	5h 33m	$213.4M	$774.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.140%Rate

Funding earned: $21
Price spread: +0.140% → +0.004%: $13.54
Slippage, 4 orders: −$45
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.45
Costs to cover: 0.550%
Break-even: 13.8 days

Slippage from dYdX: live order book, 30 min ago; MEXC: live order book, 5 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, 30 min ago	19.97 bp	25.1 bp −$25	58.8 bp −$588	177.4 bp −$17.7K	1025.3 bp −$512.6K
Sell MEXC live order book, 5 min ago	0.04 bp	0.0 bp $0	0.4 bp −$4	40.8 bp −$4,081	69.4 bp −$34.7K

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	−0.3244%	1h	1,451.4	−0.015%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0080%	8h	1,453.2	+0.110%	$29.5M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.2	+0.043%	$6K	$1K	10x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,451.6	long leg	$409K	$44K	5x
Kalshi KXZECPERP	0.0000%	8h	1,452.5	+0.063%	$1.4M	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.7	+0.010%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.4	+0.126%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0041%	8h	1,453.4	+0.127%	$290K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,453.3	+0.122%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,449.2	−0.165%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	+0.0087%	1h	1,450	−0.106%	$407K	$904K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.3	+0.052%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,450.6	−0.070%	$14K	$854K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452	+0.029%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.9	+0.025%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,455.1	+0.240%	$757.2M	$433.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454.4	+0.196%	$14.4M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,452.3	+0.049%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.4	+0.125%	$665.5M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.9	+0.088%	$266.1M	$610.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.1	+0.107%	$179.1M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,445.9	−0.391%	$394K	$431K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.024%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,454.2	+0.177%	$49.6M	$173.0M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,453.6	+0.140%	$213.4M	$774.7M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,454.6	+0.205%	$102.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,454.4	+0.194%	$161.6M	$277.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,453.1	+0.101%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,454.5	+0.201%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,448.7	−0.198%	$46.8M	$32.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.1	−0.173%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,449.1	−0.174%	$3.0M	$419K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452	+0.028%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.5	+0.063%	$323K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.7	+0.144%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.1	+0.038%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.329%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.7	+0.146%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.2	−0.025%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.2	+0.177%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.5	+0.133%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.3	+0.119%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,453	+0.099%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,453.9	+0.161%	$17.9M	$44.5M	25x	as long as short
Lighter ZEC	+0.0200%	1h	1,455.2	+0.248%	$19.0M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,454.1	+0.176%	$716K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0320%	1h	1,454	+0.170%	$611K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0352%	1h	1,455.6	+0.278%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,452.6	+0.067%	$829K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,455.5	+0.269%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0713%	1h	1,454.2	+0.181%	$43K	$46K	10x	as long as short