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 −0.017%

Price spread now: dYdX against Bitget+0.026%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.026%, 7d avg 0.000%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.025% dearer against Bitget than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of 0.000%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.310%, 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	Bitget ZECUSDT	1,471.7	0.0100	pay 0.0100% / 8h	2h 31m	$166.7M	$267.6M	75x
Short	dYdX ZEC-USD	1,472.1	0	get 0.0000% / 1h	31m 39s	$409K	$37K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. 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 BitgetbpFee dYdXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$21
Price spread: +0.026% → 0.000%: $2.55
Slippage, 4 orders: −$52.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$92.63
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; dYdX: live order book, 17 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 Bitget live order book, 3 min ago	0.03 bp	7.4 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit
Sell dYdX live order book, 17 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	1,450	−1.479%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.4	−0.088%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0079%	8h	1,470.5	−0.082%	$29.8M	$71.1M	75x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,472.1	+0.026%	$409K	$37K	5x
Kalshi KXZECPERP	0.0000%	8h	1,472.9	+0.081%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.1	+0.028%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.6	+0.059%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,472.6	+0.060%	$294K	$896K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0062%	1h	1,473.3	+0.105%	$620K	$1.3M	25x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,472.8	+0.074%	$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
Bybit ZECUSDT	+0.0090%	8h	1,471.3	−0.028%	$261.5M	$588.4M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,466.5	−0.355%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.7	+0.064%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0097% / S −0.0051%	1h	1,472.4	+0.049%	$439K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.3	−0.029%	$13K	$812K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.6	−0.008%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.1	+0.097%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.7	+0.067%	$766.9M	$419.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.6	−0.007%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472	+0.016%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.7	+0.001%	$679.1M	$2.16B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,471.6	−0.011%	$178.6M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,466.9	−0.328%	$399K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	+0.047%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,471.7	−0.004%	$53.4M	$171.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.8	+0.004%	$222.4M	$762.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.9	+0.011%	$103.5M	$52.6M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,471.7	long leg	$166.7M	$267.6M	75x
BingX ZEC-USDT	+0.0100%	8h	1,471.9	+0.014%	—	$107.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,470.5	−0.080%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469.9	−0.120%	$555K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.8	−0.133%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470	−0.118%	$406K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469.7	−0.137%	$49K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	+0.060%	$361K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.3	+0.041%	$162K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.4	−0.021%	$449K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.1	+0.228%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.5	+0.055%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.7	−0.003%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473	+0.084%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.7	−0.001%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.5	+0.053%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,472.9	+0.077%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,472.6	+0.057%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,471.9	+0.009%	$929K	$1.1M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,472.9	+0.080%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0359%	1h	1,474.1	+0.160%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,469.6	−0.146%	$3.7M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,473.2	+0.099%	$665K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0689%	1h	1,469.3	−0.164%	$45K	$49K	10x	as long as short