Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%
Price spread now: dYdX against GRVT+0.092%50s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as 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−$870.871% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)−0.679%−$68 · spread now +0.092%, 7d avg +0.011%
=Together, before fees−0.710%+ Points / potential airdropGRVT: Active · farm board−$71 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.081% dearer against GRVT than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.011%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.031% in total) that is about 18 days. The two prices were read 50 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 | GRVT ZEC_USDT_Perp | 1,508.2 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $3.1M | $541K | 10x |
| Short | dYdX ZEC-USD | 1,509.6 | 0 | get 0.0000% / 1h | 22m 18s | $418K | $35K | 5x |
GRVT ZEC_USDT_Perp
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.092% → +0.011%
- $8.11
- Slippage, 4 orders
- −$68.14
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$100.04
- Costs to cover
- 0.871%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; dYdX: live order book, 12 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 GRVT live order book, 1 min ago | 1.62 bp | 6.5 bp −$7 | 8.6 bp −$86 | 13793.9 bp −$1.38M | 108880.2 bp −$54.44M |
| Sell dYdX live order book, 12 min ago | 31.50 bp | 36.5 bp −$37 | 52.9 bp −$529 | 115.2 bp −$11.5K | 127.2 bp −$63.6K |
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 | −0.3702% | 1h | 1,488.8 | −1.287% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,506.7 | −0.101% | $62K | $304K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0227% | 1h | 1,507.3 | −0.064% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0167% | 8h | 1,510 | +0.116% | $31.8M | $76.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,510.4 | +0.141% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,509.6 | +0.092% | $418K | $35K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,510.6 | +0.157% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,510.4 | +0.145% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,508.1 | −0.007% | $18.4M | $47.6M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,508.1 | −0.011% | $8K | $6K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0082% | 1h | 1,509.5 | +0.080% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,508.6 | +0.024% | $305K | $860K | 20x | as long as short |
| Gate ZEC_USDT | +0.0090% | 8h | 1,507.6 | −0.044% | $60.9M | $187.0M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,510.4 | +0.143% | $19.5M | $45.3M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,510.6 | +0.153% | $2.1M | $7.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,508 | −0.014% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,508.1 | −0.008% | $16K | $895K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,508.5 | +0.015% | $62K | $16K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,507.8 | −0.033% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,507.4 | −0.056% | $788.2M | $441.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,508.2 | −0.005% | $14.2M | $30.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,509.1 | +0.057% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,508.8 | +0.037% | $712.9M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,508.2 | −0.006% | $272.0M | $616.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,508.7 | +0.029% | $184.5M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,508.6 | +0.023% | $409K | $547K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,509.6 | +0.093% | $596K | $8.9M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.297% | $774K | $147K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,507.1 | −0.075% | $407.3M | $839.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,507.8 | −0.031% | $103.3M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,508.8 | +0.035% | $163.7M | $295.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,508.7 | +0.028% | — | $120.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.5 | −0.119% | $49.9M | $35.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,508.4 | +0.013% | $557K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,508.2 | long leg | $3.1M | $541K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.9 | −0.219% | $413K | $952K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,509.5 | +0.082% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,507.4 | −0.056% | $374K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,508.8 | +0.039% | $169K | $192K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502 | −0.413% | $449K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,510.7 | +0.160% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,508.8 | +0.033% | $255K | $3.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,509.7 | +0.099% | $2.7M | $21.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,508.1 | −0.008% | $4.0M | $4.9M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0101% | 1h | 1,509.3 | +0.067% | $691K | $1.3M | 25x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,508.6 | +0.022% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,508.7 | +0.029% | $45K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,508.5 | +0.017% | $953K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0162% / S −0.0167% | 1h | 1,510.1 | +0.123% | $335K | — | 100x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0209% | 1h | 1,510.9 | +0.173% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,509 | +0.047% | $3.8M | $10.0M | 50x | as long as short |
Phoenix ZEC
Orderly PERP_ZEC_USDC
Gate ZEC_USDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Deribit ZEC_USDC-PERPETUAL
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX