Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.012%
Price spread now: dYdX against Bulk−0.341%7-day average +0.020% · 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−$98as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 4 days (all we have)+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.341%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.361% cheaper against Bulk than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk ZEC-USD | 1,457.5 | 0.0100 | pay 0.0013% / 1h | 7m 34s | $883K | $21K | 10x |
| Short | dYdX ZEC-USD | 1,452.5 | 0 | get 0.0000% / 1h | 7m 34s | $409K | $42K | 5x |
Bulk ZEC-USD
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.341% → +0.020%
- −$36.07
- Slippage, 4 orders
- −$45
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$119.06
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 57 min ago; dYdX: live order book, 57 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 Bulk live order book, 57 min ago | 0.03 bp | 3.5 bp −$4 | 4.9 bp −$49 | 8.5 bp −$850 | 14.6 bp −$7,278 |
| Sell dYdX live order book, 57 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 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 | −0.3244% | 1h | 1,455.6 | −0.130% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.6 | −0.336% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,453 | −0.303% | $29.3M | $70.6M | 75x | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,452.5 | −0.341% | $409K | $42K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.3 | −0.287% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.3 | −0.351% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.6 | −0.336% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0053% | 8h | 1,452.2 | −0.357% | $291K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,452.3 | −0.354% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | −0.169% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.4 | −0.348% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,452.6 | −0.333% | $12K | $868K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.9 | −0.313% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.1 | −0.369% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453 | −0.305% | $755.0M | $433.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,451.7 | −0.397% | $14.5M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,452.8 | −0.321% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.4 | −0.346% | $665.0M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.7 | −0.397% | $262.3M | $605.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.2 | −0.358% | $177.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | −0.148% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,457.5 | long leg | $883K | $21K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,452.4 | −0.348% | $50.0M | $175.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.6 | −0.333% | $213.7M | $781.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.7 | −0.327% | $101.8M | $55.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.4 | −0.344% | $161.3M | $273.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.8 | −0.389% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | −0.073% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.5 | −0.268% | $566K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.8 | −0.248% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,453.1 | −0.302% | $409K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.355% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.7 | −0.395% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.5 | −0.337% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.4 | −0.417% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.4 | −0.075% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.4 | −0.346% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.3 | −0.283% | $2.7M | $18.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.9 | −0.314% | $3.8M | $5.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0104% | 1h | 1,453 | −0.305% | $2.4M | $3.8M | 15x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,452.4 | −0.348% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.2 | −0.362% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,453.2 | −0.290% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,452.3 | −0.355% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,453.9 | −0.244% | $19.0M | $46.8M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,454.5 | −0.206% | $720K | $8.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0311% | 1h | 1,453.1 | −0.300% | $611K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0360% | 1h | 1,453.8 | −0.251% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,453.4 | −0.276% | $831K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,452.8 | −0.318% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0690% | 1h | 1,456.6 | −0.059% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Backpack ZEC_USDC_PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD