Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.013%

Price spread now: OKX against dYdX−0.010%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.010%, 7d avg −0.004%

Together, before fees−0.264%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.268%, 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	1,473.2	0	get 0.0000% / 1h	25m 30s	$415K	$54K	5x
Short	OKX ZEC-USDT-SWAP	1,473.1	0.0097	get 0.0097% / 8h	6h 25m	$181.4M	$1.27B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $20.37
Price spread: −0.010% → −0.004%: −$0.6
Slippage, 4 orders: −$77.61
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.84
Costs to cover: 0.976%
Break-even: 33.8 days

Slippage from dYdX: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	37.15 bp	44.2 bp −$44	54.9 bp −$549	78.8 bp −$7,881	149.3 bp −$74.6K
Sell OKX live order book, 4 min ago	0.03 bp	6.2 bp −$6	8.9 bp −$89	19.0 bp −$1,899	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,475.4	+0.149%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.3	+0.003%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0020%	1h	1,474.1	+0.058%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,475.4	+0.145%	$18.1M	$43.7M	25x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,473.2	long leg	$415K	$54K	5x
Kalshi KXZECPERP	0.0000%	8h	1,475.4	+0.143%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473	−0.020%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.8	+0.103%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,476	+0.188%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	+0.080%	$48.1M	$32.8M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,474.6	+0.094%	$385K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473.3	+0.003%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,476.1	+0.195%	$4.7M	$1.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.2	−0.001%	$173K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0097%	8h	1,473.1	−0.010%	$181.4M	$1.27B	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,473	−0.016%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.4	+0.010%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.9	+0.045%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.2	+0.065%	$767.4M	$445.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.7	−0.035%	$14.8M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.3	+0.004%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.4	+0.007%	$681.0M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.9	−0.022%	$271.5M	$617.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.227%	$896K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,472.8	−0.033%	$50.3M	$175.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.9	+0.045%	$216.1M	$799.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473	−0.016%	$103.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.2	−0.003%	$163.7M	$283.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.9	−0.022%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.3	+0.141%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475	+0.122%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474	+0.054%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.6	+0.225%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.9	−0.023%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.8	+0.039%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,474.5	+0.085%	$459K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.9	+0.319%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,475.4	+0.149%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.8	+0.174%	$2.5M	$18.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.8	+0.175%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.8	−0.029%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476	+0.186%	$48K	$162K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,474.6	+0.093%	$689K	$8.7M	10x	as long as short
Lighter ZEC	+0.0272%	1h	1,474.6	+0.095%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,474.9	+0.109%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0292%	1h	1,476.8	+0.239%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.7	+0.032%	$865K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,477.4	+0.280%	$3.7M	$9.5M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0498%	1h	1,475.2	+0.130%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,474.9	+0.110%	$44K	$46K	10x	as long as short