Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: BingX against dYdX+0.006%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.006%, 7d avg −0.058%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.064% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.244%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZEC-USD	1,459.7	0	get 0.0000% / 1h	17m 30s	$411K	$38K	5x
Short	BingX ZEC-USDC	1,459.8	0.0100	get 0.0100% / 8h	4h 17m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $21
Price spread: +0.006% → −0.058%: $6.43
Slippage, 4 orders: −$70.32
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.89
Costs to cover: 0.903%
Break-even: 28.0 days

Slippage from dYdX: live order book, 42 min ago; BingX: live order book, 5 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 dYdX live order book, 42 min ago	29.20 bp	34.2 bp −$34	49.2 bp −$492	184.1 bp −$18.4K	1219.7 bp −$609.8K
Sell BingX live order book, 5 min ago	0.62 bp	7.7 bp −$8	13.3 bp −$133	29.8 bp −$2,976	79.8 bp −$39.9K

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	−0.3166%	1h	1,462.9	+0.213%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,459.6	−0.008%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,461.4	+0.116%	$29.4M	$71.1M	75x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,459.7	long leg	$411K	$38K	5x
Kalshi KXZECPERP	0.0000%	8h	1,461	+0.083%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.7	−0.075%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.4	−0.025%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,459.4	−0.025%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0069% / S −0.0020%	1h	1,459.3	−0.030%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,460.2	+0.031%	$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
Deribit ZEC_USDC-PERPETUAL	+0.0088%	1h	1,460	+0.019%	$616K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459.8	+0.006%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,460.2	+0.030%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460	+0.019%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.4	+0.044%	$2.8M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,461.1	+0.093%	$759.6M	$431.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.8	+0.001%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.3	+0.037%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.9	+0.009%	$671.0M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.3	−0.029%	$262.1M	$602.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.7	−0.001%	$178.2M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,458.4	−0.092%	$397K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.2	−0.173%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.6	−0.012%	$50.6M	$174.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459.9	+0.010%	$214.9M	$773.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460	+0.015%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.1	+0.023%	$166.1M	$271.1M	75x	as long as short
BingX ZEC-USDCshort	+0.0100%	8h	1,459.8	+0.006%	—	$6.7M	—
Variational Omni ZEC	+0.0100%	8h	1,460.3	+0.038%	$47.9M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.7	+0.136%	$569K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,460.6	+0.056%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.9	+0.151%	$405K	$939K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459	−0.053%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459.8	+0.004%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.2	−0.035%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.5	−0.086%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.7	+0.132%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.4	−0.027%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.9	−0.128%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.5	−0.017%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460	+0.015%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.4	−0.027%	$47K	$151K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0113%	1h	1,460.1	+0.026%	$2.4M	$3.8M	15x	as long as short
Phoenix ZEC	+0.0123%	1h	1,460.1	+0.024%	$4.6M	$1.3M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,461.2	+0.100%	$19.2M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,459.3	−0.028%	$18.1M	$45.0M	25x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,461.1	+0.095%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,460	+0.019%	$924K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,461.5	+0.119%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,460.9	+0.082%	$683K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0684%	1h	1,460.3	+0.037%	$45K	$49K	10x	as long as short