Settings8H · net · $10k
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Funding arb · Price arb /

ZEC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0464%/8h= +50.8% APRnext payment +$0.58 per $10,000 · paid last 24h +0.103%
Price spread now: Coinbase International against dYdX+0.233%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1041.045% of the position
Long on dYdXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 4 days (all we have)+0.339%+$34 · spread now +0.233%, 7d avg +0.130%
Together, before fees+0.299%+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 0.103% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.130%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEC-USD1,459.60get 0.0000% / 1h21m 01s$411K$35K5x
ShortCoinbase International ZEC-PERP-INTX1,4630.0464get 0.0058% / 1h21m 01s$3.8M$9.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$97.44
Price spread: +0.233% → +0.130%
$10.3
Slippage, 4 orders
−$84.46
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$3.28
Costs to cover
1.045%
Break-even
6.8 days
Slippage from dYdX: live order book, 33 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 33 min ago35.60 bp40.6 bp −$4152.3 bp −$52379.8 bp −$7,979323.4 bp −$161.7K
Sell Coinbase International live order book, 3 min ago1.71 bp14.0 bp −$1421.2 bp −$21258.6 bp −$5,856doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3042%1h1,441.9−1.215%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,461+0.098%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,460+0.026%$29.5M$70.7M75xas long as short
dYdX ZEC-USDlong0.0000%1h1,459.6long leg$411K$35K5x
Perpl ZEC0.0000%43m1,460+0.028%$83K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,460.4+0.053%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,460.2+0.043%$292K$932K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0085% / S −0.0036%1h1,460.4+0.058%$434K—100xas long as short
Popdex ZECUSDT+0.0096%1h1,460.7+0.074%$174K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,461+0.098%$14K$817K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ZEC-USD-PERP+0.0100%8h1,460.8+0.082%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,460.5+0.063%$2.8M$6.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,460.9+0.091%$14.6M$27.9M75xas long as short
Pacifica ZEC+0.0100%1h1,461+0.097%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,461.4+0.121%$672.3M$2.18B75xas long as short
Bybit ZECUSDT+0.0100%8h1,461.6+0.136%$261.7M$591.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,461.4+0.120%$179.2M$1.21B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,456.9−0.185%$396K$434K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.9−0.117%$881K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,460.3+0.050%$51.5M$172.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,461.4+0.124%$219.8M$771.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,462+0.167%$103.1M$53.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,461.8+0.151%$166.1M$268.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,460.2+0.042%—$106.9M—as long as short
Variational Omni ZEC+0.0100%8h1,459.8+0.012%$47.8M$32.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,457.5−0.144%$567K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,456.6−0.209%$3.0M$463K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,457.2−0.167%$402K$943K50xas long as short
StandX ZEC-USD+0.0100%1h1,458−0.113%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,460.5+0.061%$355K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,460.4+0.056%$161K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,459.5−0.010%$446K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,462.8+0.220%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,460.4+0.055%$234K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,459.60.000%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,460.2+0.042%$3.8M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,461.3+0.119%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,460+0.025%$47K$151K20xas long as short
Phoenix ZEC+0.0116%1h1,457.6−0.141%$4.6M$1.3M10xas long as short
Lighter RH ZEC+0.0120%1h1,461.9+0.155%$2.1M$7.0M10xas long as short
01 Exchange ZECUSD+0.0120%1h1,461.1+0.105%$8K$7K5xas long as short
Hyperliquid ZEC+0.0144%1h1,461.8+0.154%$761.5M$424.4M10xas long as short
Lighter ZEC+0.0152%1h1,462+0.163%$19.4M$45.2M20xas long as short
Kalshi KXZECPERP+0.0192%8h1,460.4+0.057%$1.5M$4.4M2.2xas long as short
RISEx ZEC/USDC+0.0216%1h1,460.8+0.083%$924K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0218%1h1,461.2+0.111%$2.4M$3.8M15xas long as short
Kraken Futures PF_ZECUSD+0.0332%1h1,460.3+0.046%$18.1M$45.2M25xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0340%1h1,461.3+0.115%$615K$1.3M25xas long as short
Arcus ZEC-USD+0.0344%1h1,461.9+0.157%$698K$8.1M10xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0464%1h1,463+0.233%$3.8M$9.2M50x
Aftermath Perps ZECUSD+0.0677%1h1,457.9−0.116%$45K$49K10xas long as short