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 +0.021%

Price spread now: Gate against dYdX+0.037%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.037%, 7d avg +0.002%

Together, before fees−0.290%−$29 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 Gate is 0.034% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.264%, 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	1,476	0	get 0.0000% / 1h	54m 43s	$416K	$104K	5x
Short	Gate ZEC_USDT	1,476.6	0.0100	get 0.0100% / 8h	7h 54m	$51.5M	$177.7M	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 +0.037%Rate

Funding earned: $21
Price spread: +0.037% → +0.002%: $3.42
Slippage, 4 orders: −$82.62
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.2
Costs to cover: 1.076%
Break-even: 34.7 days

Slippage from dYdX: live order book, 19 min ago; Gate: live order book, 4 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, 19 min ago	36.13 bp	42.3 bp −$42	50.1 bp −$501	81.5 bp −$8,153	211.0 bp −$105.5K
Sell Gate live order book, 4 min ago	0.24 bp	9.7 bp −$10	15.7 bp −$157	32.2 bp −$3,217	60.8 bp −$30.4K

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	−0.070%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,474.4	−0.106%	$17.9M	$43.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0134%	1h	1,472.2	−0.258%	$399K	$516K	5x	as long as short
Bybit ZECUSDT	−0.0104%	8h	1,475.7	−0.019%	$275.5M	$648.0M	75x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,474.7	−0.087%	$29.7M	$74.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.6	+0.041%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,472.4	−0.246%	$47.7M	$34.4M	—	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,476	long leg	$416K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,474.8	−0.083%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.9	−0.142%	$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	−0.130%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,473.8	−0.152%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	−0.356%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,476.4	+0.024%	$182.3M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,477.8	+0.119%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474	−0.137%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,477.7	+0.115%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.9	+0.060%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.6	+0.105%	$13K	$853K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.1	+0.009%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	−0.101%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.8	+0.121%	$766.3M	$459.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.6	+0.042%	$15.0M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.6	+0.041%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476.3	+0.018%	$685.8M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,477.6	+0.106%	$688K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.356%	$895K	$33K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,476.6	+0.037%	$51.5M	$177.7M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,476.3	+0.020%	$230.9M	$820.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.3	+0.017%	$105.3M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.6	+0.038%	$164.3M	$299.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,475.6	−0.026%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472	−0.275%	$550K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.129%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.7	−0.223%	$432K	$851K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474	−0.133%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.6	−0.163%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.7	−0.158%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.1	−0.265%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.1	+0.005%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.2	−0.123%	$243K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.7	−0.157%	$2.5M	$22.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.6	−0.093%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.8	+0.052%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.1	−0.267%	$29K	$203K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0137%	1h	1,475.2	−0.056%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,477.3	+0.091%	$843K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,476.7	+0.048%	$3.8M	$10.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0615%	1h	1,476.3	+0.022%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0632%	1h	1,478.3	+0.155%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0776%	1h	1,473.8	−0.149%	$46K	$46K	10x	as long as short