ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.029%

Price spread now: dYdX against Pacifica−0.091%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1051.049% of the position

Long on Pacifica Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.405%+$41 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.091%, 7d avg −0.010%

Together, before fees+0.535%+ Points / potential airdropPacifica: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.080% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.405%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZEC	1,453.1	0.0100	pay 0.0013% / 1h	44m 24s	$1.6M	$3.1M	10x
Short	dYdX ZEC-USD	1,451.8	0	get 0.0000% / 1h	44m 24s	$409K	$106K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Pacifica. 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 PacificabpFee dYdXbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$21
Price spread: −0.091% → −0.010%: −$8.05
Slippage, 4 orders: −$86.9
Fee Pacifica: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$133.95
Costs to cover: 1.049%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; dYdX: live order book, 44 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 Pacifica live order book, 5 min ago	1.07 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 44 min ago	41.05 bp	46.1 bp −$46	59.4 bp −$594	324.7 bp −$32.5K	1363.2 bp −$681.6K

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	−0.3476%	1h	1,437.8	−1.054%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.6	−0.034%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.8	−0.089%	$17.6M	$44.3M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,451.8	−0.089%	$28.9M	$74.9M	75x	as long as short
Variational Omni ZEC	−0.0019%	8h	1,451.4	−0.120%	$45.7M	$32.0M	—	as long as short
Bybit ZECUSDT	−0.0008%	8h	1,452.9	−0.014%	$269.0M	$674.7M	75x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,451.8	−0.091%	$409K	$106K	5x
Kalshi KXZECPERP	0.0000%	8h	1,451.9	−0.082%	$845K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.8	−0.025%	$82K	$401K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.6	+0.035%	$5.1M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,452.6	−0.038%	$291K	$1.5M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0025%	1h	1,453.2	+0.006%	$566K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0036% / S +0.0067%	1h	1,453.4	+0.020%	$544K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0044%	8h	1,453.9	+0.054%	$171.8M	$1.36B	50x	as long as short
Aster ZECUSDT	+0.0062%	8h	1,453.6	+0.031%	$15.3M	$35.1M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,453.7	+0.040%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0066%	8h	1,453.1	+0.001%	$49.2M	$185.7M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0074%	1h	1,449.7	−0.236%	$394K	$517K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,454	+0.063%	$17K	$878K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,453.6	+0.035%	$18.7M	$53.9M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,453.6	+0.032%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.6	+0.035%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.4	+0.018%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.4	+0.087%	$752.1M	$495.1M	10x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,453.1	long leg	$1.6M	$3.1M	10x
Binance ZECUSDT	+0.0100%	8h	1,453.4	+0.019%	$659.0M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	+0.126%	$896K	$37K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.9	+0.054%	$219.2M	$883.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,453.6	+0.033%	$103.7M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.6	+0.033%	$161.9M	$314.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.5	−0.041%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.4	−0.050%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.5	+0.029%	$487K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.3	−0.058%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.2	−0.062%	$706K	$606K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452.4	−0.050%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,453.2	+0.005%	$298K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.3	+0.015%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.3	−0.127%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.4	+0.084%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.1	−0.074%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.5	−0.043%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.6	−0.105%	$3.7M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.8	−0.020%	$4.6M	$1.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.7	−0.029%	$36K	$362K	20x	as long as short
Extended ZEC-USD	+0.0192%	1h	1,453.6	+0.029%	$3.3M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,454.1	+0.067%	$863K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,454.1	+0.068%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0449%	1h	1,453.7	+0.040%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,455.3	+0.152%	$755K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0736%	1h	1,455.2	+0.140%	$1.9M	$8.4M	10x	as long as short