Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: dYdX against Binance+0.141%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.141%, 7d avg −0.001%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.142% dearer against Binance than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of −0.001%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.242%, 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	Binance ZECUSDT	1,472.3	0.0100	pay 0.0100% / 8h	19m 17s	$683.1M	$2.46B	75x
Short	dYdX ZEC-USD	1,474.3	0	get 0.0000% / 1h	19m 17s	$415K	$104K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$21
Price spread: +0.141% → −0.001%: $14.16
Slippage, 4 orders: −$69.83
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$96.67
Costs to cover: 0.898%
Break-even: never at this rate

Slippage from Binance: live order book, 10 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 Binance live order book, 10 min ago	0.03 bp	5.0 bp −$5	5.1 bp −$51	14.9 bp −$1,494	doesn't fit
Sell dYdX live order book, 60 min ago	30.89 bp	35.9 bp −$36	46.5 bp −$465	95.0 bp −$9,499	327.1 bp −$163.6K

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	−0.3089%	1h	1,474.2	+0.131%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0262%	1h	1,473.3	+0.070%	$399K	$523K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.5	+0.016%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0114%	8h	1,472	−0.020%	$274.8M	$652.5M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,473.7	+0.098%	$29.7M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.8	+0.105%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0061%	8h	1,472.2	−0.003%	$47.2M	$34.2M	—	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,474.3	+0.141%	$415K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,475.1	+0.190%	$961K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.9	+0.044%	$84K	$407K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	0.0000%	1h	1,469.2	−0.206%	$431K	$843K	50x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.7	+0.031%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473.7	+0.097%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,472.4	+0.009%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,471.2	−0.073%	$4.6M	$1.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0034%	1h	1,473.6	+0.093%	$615K	$1.3M	25x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,472.3	+0.001%	$181.1M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0047%	8h	1,472.5	+0.014%	$51.2M	$187.3M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.7	+0.027%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.3	+0.202%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.2	+0.060%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,471.6	−0.048%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.6	+0.089%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.1	+0.124%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.7	+0.097%	$763.6M	$472.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.2	+0.062%	$15.0M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.2	+0.133%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,472.3	long leg	$683.1M	$2.46B	75x
Arcus ZEC-USD	+0.0100%	1h	1,474.4	+0.146%	$695K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.5	+0.084%	$896K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.6	+0.019%	$223.6M	$842.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.7	+0.096%	$103.8M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.8	+0.036%	$163.3M	$301.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.6	+0.020%	—	$102.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468	−0.292%	$511K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470	−0.153%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.3	+0.071%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.7	+0.029%	$336K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.2	−0.004%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.093%	$458K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.7	+0.163%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.6	+0.022%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.7	+0.094%	$2.5M	$22.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.1	+0.057%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.3	+0.068%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.7	+0.031%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.7	+0.094%	$826K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0420%	1h	1,474.7	+0.162%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.9	+0.176%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0464%	1h	1,476.1	+0.257%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0751%	1h	1,472.9	+0.044%	$46K	$47K	10x	as long as short