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: dYdX against OKX+0.199%50s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$980.976% of the position

Long on OKX Short on dYdX

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)−0.192%−$19 · spread now +0.199%, 7d avg +0.004%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.195% dearer against OKX than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.004%): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.268%, so the current rate has only just turned against you. 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	OKX ZEC-USDT-SWAP	1,473	0.0097	pay 0.0097% / 8h	6h 25m	$181.5M	$1.27B	50x
Short	dYdX ZEC-USD	1,475.9	0	get 0.0000% / 1h	25m 47s	$416K	$55K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.199%Rate

Funding earned: −$20.38
Price spread: +0.199% → +0.004%: $19.47
Slippage, 4 orders: −$77.61
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$98.51
Costs to cover: 0.976%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; dYdX: live order book, 43 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 OKX live order book, 3 min ago	0.03 bp	5.0 bp −$5	8.0 bp −$80	15.5 bp −$1,553	doesn't fit
Sell dYdX live order book, 43 min ago	37.15 bp	42.2 bp −$42	43.9 bp −$439	86.0 bp −$8,599	179.0 bp −$89.5K

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	+0.167%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,475.3	+0.156%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0017%	1h	1,474.1	+0.076%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,475.4	+0.163%	$18.1M	$43.7M	25x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,475.9	+0.199%	$416K	$55K	5x
Kalshi KXZECPERP	0.0000%	8h	1,475.4	+0.161%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476	+0.204%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.8	+0.121%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,476	+0.206%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	+0.098%	$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	+0.111%	$385K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,476.9	+0.263%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,478.2	+0.356%	$4.7M	$1.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.8	+0.257%	$174K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0097%	8h	1,473	long leg	$181.5M	$1.27B	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,476.6	+0.242%	$17K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.8	+0.259%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477	+0.270%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.4	+0.096%	$767.5M	$445.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.2	+0.081%	$14.9M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.5	+0.240%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.6	+0.039%	$681.0M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.9	−0.009%	$271.5M	$618.0M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.244%	$896K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,473.4	+0.029%	$50.3M	$175.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.9	+0.064%	$216.0M	$799.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.9	+0.061%	$103.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473	+0.001%	$163.7M	$283.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,473.7	+0.049%	—	$100.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.1	+0.211%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475	+0.138%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474	+0.071%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,475.6	+0.174%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476.6	+0.246%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.7	+0.119%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,474.5	+0.103%	$459K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.9	+0.337%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,475.4	+0.166%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.8	+0.192%	$2.5M	$18.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.8	+0.193%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.8	+0.054%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476	+0.203%	$48K	$162K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,477.5	+0.308%	$685K	$8.7M	10x	as long as short
Lighter ZEC	+0.0272%	1h	1,477	+0.274%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,477.1	+0.276%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0292%	1h	1,476.8	+0.257%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,477.2	+0.290%	$867K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,477.4	+0.298%	$3.7M	$9.5M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0498%	1h	1,475.2	+0.148%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0732%	1h	1,475.7	+0.185%	$44K	$46K	10x	as long as short