ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.041%

Price spread now: dYdX against Backpack−0.059%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.059%, 7d avg −0.005%

Together, before fees+0.386%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and dYdX is 0.055% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.317%, 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	Backpack ZEC_USDC_PERP	1,469.3	0.0418	pay 0.0052% / 1h	2m 44s	$2.4M	$3.9M	15x
Short	dYdX ZEC-USD	1,468.4	0	get 0.0000% / 1h	2m 44s	$413K	$49K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$87.77
Price spread: −0.059% → −0.005%: −$5.47
Slippage, 4 orders: −$47.69
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$160.93
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from Backpack: live order book, 1 min ago; dYdX: live order book, 1 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 Backpack live order book, 1 min ago	0.03 bp	7.2 bp −$7	12.8 bp −$128	doesn't fit	doesn't fit
Sell dYdX live order book, 1 min ago	19.97 bp	29.8 bp −$30	52.2 bp −$522	141.5 bp −$14.1K	954.9 bp −$477.5K

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	1,452	−1.173%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.6	+0.088%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0039%	1h	1,464.8	−0.303%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,469.3	0.000%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,468.4	−0.059%	$413K	$49K	5x
Kalshi KXZECPERP	0.0000%	8h	1,470.3	+0.068%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.4	+0.010%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,469.7	+0.033%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,469.6	+0.021%	$293K	$987K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,469.8	+0.035%	$384K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,470.3	+0.068%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.180%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0072%	8h	1,466.6	−0.178%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,467.3	−0.135%	$180.9M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470	+0.048%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.8	−0.169%	$17K	$844K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.4	−0.129%	$60K	$41K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.2	+0.066%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.1	−0.010%	$765.2M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.1	−0.079%	$14.8M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468	−0.088%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.5	−0.120%	$678.2M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467.2	−0.137%	$271.3M	$606.9M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.182%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,467.8	−0.097%	$50.2M	$177.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.7	−0.103%	$216.6M	$803.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.2	−0.143%	$103.1M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.4	−0.126%	$163.0M	$276.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.1	−0.144%	—	$98.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.221%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.2	−0.071%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.201%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.1	+0.055%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.8	+0.037%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.7	+0.029%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.3	−0.065%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.2	+0.199%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.6	+0.024%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.6	+0.025%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.1	−0.008%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.2	−0.137%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.8	+0.035%	$48K	$155K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0184%	1h	1,470.5	+0.085%	$612K	$1.3M	25x	as long as short
Lighter ZEC	+0.0224%	1h	1,468.7	−0.036%	$19.2M	$48.3M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,469.3	+0.007%	$692K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,469.4	+0.012%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,468	−0.088%	$851K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERPlong	+0.0418%	1h	1,469.3	long leg	$2.4M	$3.9M	15x
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,472.4	+0.216%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0731%	1h	1,470	+0.054%	$43K	$46K	10x	as long as short