Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against SunX+0.053%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1781.777% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.053%, 7d avg −0.107%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.160% dearer against SunX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.107%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.064% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,481.6	0.0100	pay 0.0100% / 8h	2h 22m	$3K	$1.1M	20x
Short	dYdX ZEC-USD	1,482.4	0	get 0.0000% / 1h	22m 30s	$412K	$37K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SunX. 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 SunXbpFee dYdXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$21
Price spread: +0.053% → −0.107%: $15.98
Slippage, 4 orders: −$159.66
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$182.68
Costs to cover: 1.777%
Break-even: never at this rate

Slippage from SunX: live order book, 1 min ago; dYdX: live order book, 27 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 SunX live order book, 1 min ago	29.02 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 27 min ago	23.80 bp	28.8 bp −$29	46.2 bp −$462	82.2 bp −$8,224	119.4 bp −$59.7K

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	−0.3243%	1h	1,461.8	−1.339%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,482.6	+0.069%	$30.1M	$71.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,481.1	−0.033%	$6K	$1K	10x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,482.4	+0.053%	$412K	$37K	5x
Kalshi KXZECPERP	0.0000%	8h	1,480.5	−0.074%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,483.5	+0.124%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,484.4	+0.188%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0050%	1h	1,480.3	−0.092%	$629K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,487.2	+0.375%	$298K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,484.4	+0.186%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,475.1	−0.440%	$4.7M	$1.3M	10x	as long as short
Bybit ZECUSDT	+0.0093%	8h	1,484.1	+0.167%	$264.6M	$600.5M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,484.4	+0.188%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,484.1	+0.165%	$11K	$823K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,483.2	+0.106%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,484.5	+0.193%	$2.8M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,485.3	+0.248%	$774.4M	$422.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,484.5	+0.197%	$14.6M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,482.7	+0.073%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,484.5	+0.192%	$689.0M	$2.18B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,487	+0.360%	$180.3M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	−0.474%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−0.158%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,484.4	+0.188%	$53.9M	$173.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,484.2	+0.171%	$230.0M	$766.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,484.7	+0.206%	$105.8M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,484.3	+0.181%	$167.5M	$269.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,484.5	+0.194%	—	$112.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	−0.536%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	−0.448%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.9	−0.249%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.587%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,479.8	−0.122%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,484.4	+0.188%	$366K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,484.3	+0.182%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,478.6	−0.203%	$451K	$506K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,481.6	long leg	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,480.1	−0.101%	$245K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,481	−0.042%	$2.5M	$18.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,481.5	−0.009%	$3.9M	$4.8M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0100% / S −0.0054%	1h	1,484.5	+0.195%	$442K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,484	+0.161%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,479.6	−0.140%	$45K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,484.2	+0.176%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,480.1	−0.106%	$18.1M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,484	+0.158%	$937K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,483.9	+0.152%	$19.6M	$44.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0393%	1h	1,482.5	+0.057%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,482.2	+0.042%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,484	+0.162%	$656K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0705%	1h	1,477.4	−0.288%	$45K	$49K	10x	as long as short