Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.017%

Price spread now: dYdX against Bitget−0.038%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$990.991% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.337%+$34 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.038%, 7d avg +0.002%

Together, before fees+0.391%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.040% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.337%, 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	1,476.6	0.0100	pay 0.0100% / 8h	7h 54m	$164.3M	$299.8M	75x
Short	dYdX ZEC-USD	1,476	0	get 0.0000% / 1h	54m 43s	$416K	$104K	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 −0.038%Rate

Funding earned: −$21
Price spread: −0.038% → +0.002%: −$4.03
Slippage, 4 orders: −$77.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$124.17
Costs to cover: 0.991%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; dYdX: live order book, 19 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, 4 min ago	0.03 bp	7.6 bp −$8	12.5 bp −$125	20.4 bp −$2,044	doesn't fit
Sell dYdX live order book, 19 min ago	36.13 bp	43.2 bp −$43	54.7 bp −$547	226.8 bp −$22.7K	663.6 bp −$331.8K

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	−0.3321%	1h	1,475	−0.108%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,474.4	−0.144%	$17.9M	$43.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0134%	1h	1,472.2	−0.296%	$399K	$516K	5x	as long as short
Bybit ZECUSDT	−0.0104%	8h	1,475.7	−0.057%	$275.5M	$648.0M	75x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,474.7	−0.125%	$29.7M	$74.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.6	+0.003%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,472.4	−0.283%	$47.7M	$34.4M	—	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,476	−0.038%	$416K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,474.8	−0.121%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.9	−0.180%	$84K	$406K	10x	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	1,474.1	−0.168%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,473.8	−0.190%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	−0.393%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,476.4	−0.014%	$182.3M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,477.8	+0.081%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474	−0.175%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,477.7	+0.077%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.9	+0.022%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.6	+0.067%	$13K	$853K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.1	−0.028%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	−0.139%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.8	+0.083%	$766.3M	$459.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.6	+0.004%	$15.0M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.6	+0.003%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476.3	−0.020%	$685.8M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,477.6	+0.068%	$688K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.394%	$895K	$33K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,476.6	−0.001%	$51.5M	$177.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.3	−0.018%	$230.9M	$820.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.3	−0.021%	$105.3M	$56.3M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,476.6	long leg	$164.3M	$299.8M	75x
BingX ZEC-USDC	+0.0100%	8h	1,475.6	−0.064%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472	−0.313%	$550K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.167%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.7	−0.261%	$432K	$851K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474	−0.171%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.6	−0.201%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.7	−0.196%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.1	−0.302%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.1	−0.033%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.2	−0.161%	$243K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.7	−0.195%	$2.5M	$22.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.6	−0.131%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.8	+0.014%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.1	−0.305%	$29K	$203K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0137%	1h	1,475.2	−0.094%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,477.3	+0.053%	$843K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,476.7	+0.010%	$3.8M	$10.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0615%	1h	1,476.3	−0.016%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0632%	1h	1,478.3	+0.117%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0776%	1h	1,473.8	−0.187%	$46K	$46K	10x	as long as short