ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h +0.086%

Price spread now: dYdX against ApeX Omni+0.057%50s7-day average +0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as 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−$1221.215% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.181%+$118 on $10k

Price spread, last 4 days (all we have)+1.085%+$109 · spread now +0.057%, 7d avg +0.181%

Together, before fees+2.266%+$227 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 0.125% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.181%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.181%, 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	ApeX Omni ZECUSDT	1,467.1	0.0045	pay 0.0006% / 1h	44m 27s	$431K	$818K	50x
Short	dYdX ZEC-USD	1,467.9	0	get 0.0000% / 1h	44m 27s	$413K	$106K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. 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 ApeX OmnibpFee dYdXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$9.53
Price spread: +0.057% → +0.181%: −$12.48
Slippage, 4 orders: −$101.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$143.52
Costs to cover: 1.215%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; dYdX: live order book, 40 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 ApeX Omni live order book, 40 min ago	2.89 bp	7.9 bp −$8	30.7 bp −$307	doesn't fit	doesn't fit
Sell dYdX live order book, 40 min ago	38.64 bp	44.1 bp −$44	48.4 bp −$484	103.4 bp −$10.3K	412.9 bp −$206.4K

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	−0.3310%	1h	1,462.9	−0.285%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,468.5	+0.096%	$17.9M	$44.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0142%	1h	1,466.9	−0.015%	$398K	$521K	5x	as long as short
BloFin ZEC-USDT	−0.0097%	8h	1,468.5	+0.093%	$29.1M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.1	+0.064%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0045%	8h	1,467.8	+0.045%	$271.7M	$674.4M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.6	+0.033%	$46.6M	$34.0M	—	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,467.9	+0.057%	$413K	$106K	5x
Kalshi KXZECPERP	0.0000%	8h	1,469.5	+0.163%	$893K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468	+0.060%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,468.9	+0.119%	$598K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.6	+0.099%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0079%	1h	1,468.5	+0.095%	$543K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,468.1	+0.066%	$294K	$1.5M	20x	as long as short
ApeX Omni ZECUSDTlong	+0.0045%	1h	1,467.1	long leg	$431K	$818K	50x
OKX ZEC-USDT-SWAP	+0.0049%	8h	1,467.8	+0.043%	$176.1M	$1.36B	50x	as long as short
Bulk ZEC-USD	+0.0054%	1h	1,460.6	−0.446%	$899K	$25K	10x	as long as short
Gate ZEC_USDT	+0.0059%	8h	1,468	+0.059%	$50.0M	$184.2M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,468.9	+0.122%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,459.6	−0.511%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,468.4	+0.084%	$14K	$864K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,469	+0.130%	$19.0M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468.2	+0.076%	$173K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467	−0.006%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.2	+0.076%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469	+0.128%	$761.1M	$490.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.9	+0.051%	$15.4M	$33.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.7	+0.041%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.1	+0.065%	$675.8M	$2.51B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.9	+0.050%	$222.1M	$855.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,468.3	+0.082%	$103.3M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468	+0.060%	$162.8M	$307.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.1	−0.003%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.9	−0.083%	$510K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.6	+0.101%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469.1	+0.136%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.1	+0.067%	$346K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468	+0.061%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.4	−0.048%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470.7	+0.247%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,468.3	+0.080%	$223K	$4.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.6	−0.037%	$2.4M	$24.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468.7	+0.110%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468	+0.063%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.9	+0.057%	$37K	$367K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,468.6	+0.101%	$844K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0234%	1h	1,469	+0.127%	$2.3M	$4.0M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,470.5	+0.229%	$3.7M	$11.7M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,468.9	+0.123%	$729K	$8.1M	10x	as long as short
Lighter RH ZEC	+0.0448%	1h	1,469.6	+0.168%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0532%	1h	1,466.6	−0.035%	$41K	$34K	10x	as long as short