ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.072%

Price spread now: dYdX against Arcus−0.115%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.115%, 7d avg −0.035%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.080% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.074% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ZEC-USD	1,485.6	0.0221	pay 0.0028% / 1h	48m 41s	$624K	$8.6M	10x
Short	dYdX ZEC-USD	1,483.9	0	get 0.0000% / 1h	48m 41s	$412K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Arcus. 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 ArcusbpFee dYdXbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$46.35
Price spread: −0.115% → −0.035%: −$8.02
Slippage, 4 orders: −$57.43
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$126.29
Costs to cover: 0.719%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; dYdX: live order book, 60 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 Arcus live order book, 5 min ago	0.00 bp	2.3 bp −$2	2.8 bp −$28	doesn't fit	doesn't fit
Sell dYdX live order book, 60 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	−0.3684%	1h	1,491.6	+0.405%	$34K	$273K	12x	as long as short
ApeX Omni ZECUSDT	−0.0140%	1h	1,485.7	+0.011%	$411K	$932K	50x	as long as short
BloFin ZEC-USDT	−0.0118%	8h	1,484.5	−0.074%	$30.7M	$73.8M	75x	as long as short
Bulk ZEC-USD	−0.0097%	1h	1,490.7	+0.342%	$901K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,484.6	−0.066%	$18.0M	$46.4M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,485.9	+0.021%	$6K	$1K	10x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,483.9	−0.115%	$412K	$35K	5x
Kalshi KXZECPERP	0.0000%	8h	1,486.1	+0.034%	$1.6M	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,482.2	−0.224%	$61K	$294K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,484.1	−0.096%	$706K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,484	−0.106%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0073%	8h	1,483.7	−0.124%	$298K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,484	−0.104%	$157K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,482.7	−0.192%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,483.4	−0.148%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,484	−0.107%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,483.9	−0.111%	$690.7M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,483.6	−0.135%	$269.6M	$627.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,483.3	−0.152%	$179.7M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,480.8	−0.321%	$405K	$505K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,483.6	−0.135%	$54.0M	$180.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,483.7	−0.123%	$233.5M	$775.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,483.8	−0.117%	$101.7M	$56.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,483.5	−0.141%	$160.1M	$287.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,483.6	−0.135%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,485.5	−0.008%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,483	−0.174%	$48.4M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,488.1	+0.173%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,485.3	−0.017%	$3.0M	$488K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,487.8	+0.153%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,483.7	−0.125%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,484.1	−0.100%	$163K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,482.9	−0.178%	$453K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,486	+0.032%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,484.6	−0.067%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,483.6	−0.131%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,484.4	−0.076%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,483.9	−0.114%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,483.2	−0.158%	$11K	$864K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,483.5	−0.141%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,483.8	−0.118%	$45K	$149K	20x	as long as short
Hyperliquid ZEC	+0.0118%	1h	1,485.2	−0.024%	$771.2M	$439.9M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,484.1	−0.099%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0121% / S −0.0107%	1h	1,483.9	−0.112%	$430K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,483.6	−0.130%	$928K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.8	+0.355%	$4.7M	$1.4M	10x	as long as short
Arcus ZEC-USDlong	+0.0221%	1h	1,485.6	long leg	$624K	$8.6M	10x
Aftermath Perps ZECUSD	+0.0229%	1h	1,487.8	+0.152%	$48K	$63K	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,485.1	−0.032%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0336%	1h	1,485.1	−0.034%	$19.4M	$45.5M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,484.8	−0.051%	$3.6M	$9.9M	50x	as long as short