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 +0.016%

Price spread now: Gate against dYdX−0.030%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.030%, 7d avg +0.002%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.032% cheaper against dYdX than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.002%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.248%, 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	1,472.1	0	get 0.0000% / 1h	31m 39s	$409K	$37K	5x
Short	Gate ZEC_USDT	1,471.7	0.0100	get 0.0100% / 8h	2h 31m	$53.4M	$171.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: $21
Price spread: −0.030% → +0.002%: −$3.21
Slippage, 4 orders: −$58.46
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.67
Costs to cover: 0.835%
Break-even: 28.9 days

Slippage from dYdX: live order book, 17 min ago; Gate: live order book, 2 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, 17 min ago	23.80 bp	30.8 bp −$31	47.4 bp −$474	83.6 bp −$8,359	131.1 bp −$65.5K
Sell Gate live order book, 2 min ago	0.03 bp	12.2 bp −$12	18.7 bp −$187	30.4 bp −$3,041	56.1 bp −$28.1K

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	−1.505%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.4	−0.113%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0079%	8h	1,470.5	−0.107%	$29.8M	$71.1M	75x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,472.1	long leg	$409K	$37K	5x
Kalshi KXZECPERP	0.0000%	8h	1,472.9	+0.055%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.1	+0.002%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.6	+0.033%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,472.6	+0.034%	$294K	$896K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0062%	1h	1,473.3	+0.079%	$620K	$1.3M	25x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,472.8	+0.048%	$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	−0.054%	$261.5M	$588.4M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,466.5	−0.381%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.7	+0.038%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0097% / S −0.0051%	1h	1,472.4	+0.023%	$439K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.3	−0.055%	$13K	$812K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.6	−0.034%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.1	+0.071%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.7	+0.041%	$766.9M	$419.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.6	−0.032%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472	−0.010%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.7	−0.025%	$679.1M	$2.16B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,471.6	−0.037%	$178.6M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,466.9	−0.353%	$399K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	+0.021%	$889K	$15K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,471.7	−0.030%	$53.4M	$171.2M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,471.8	−0.022%	$222.4M	$762.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.9	−0.015%	$103.5M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.7	−0.026%	$166.7M	$267.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,471.9	−0.012%	—	$107.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,470.5	−0.106%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469.9	−0.146%	$555K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.8	−0.159%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470	−0.144%	$406K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469.7	−0.162%	$49K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	+0.034%	$361K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.3	+0.016%	$162K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.4	−0.047%	$449K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.1	+0.202%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.5	+0.029%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.7	−0.029%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473	+0.058%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.7	−0.026%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.5	+0.027%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,472.9	+0.051%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,472.6	+0.031%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,471.9	−0.017%	$929K	$1.1M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,472.9	+0.054%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0359%	1h	1,474.1	+0.134%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,469.6	−0.172%	$3.7M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,473.2	+0.073%	$665K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0689%	1h	1,469.3	−0.189%	$45K	$49K	10x	as long as short