Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: HTX against dYdX−0.002%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.002%, 7d avg −0.024%

Together, before fees−0.280%−$28 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 HTX is 0.022% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.342%, 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	1,489	0	get 0.0000% / 1h	56m 30s	$414K	$35K	5x
Short	HTX ZEC-USDT	1,489	0.0100	get 0.0100% / 8h	56m 30s	$2.7M	$20.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $21
Price spread: −0.002% → −0.024%: $2.18
Slippage, 4 orders: −$82.08
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$80.9
Costs to cover: 1.041%
Break-even: 34.0 days

Slippage from dYdX: live order book, 48 min ago; HTX: live order book, 3 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, 48 min ago	36.73 bp	41.7 bp −$42	44.1 bp −$441	113.8 bp −$11.4K	360.0 bp −$180.0K
Sell HTX live order book, 3 min ago	1.95 bp	8.0 bp −$8	13.5 bp −$135	40.3 bp −$4,033	doesn't fit

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	−0.3442%	1h	1,491.5	+0.167%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,489.2	+0.009%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,488.1	−0.060%	$30.7M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,492.2	+0.211%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0025%	1h	1,491.9	+0.195%	$47K	$64K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0023%	1h	1,490.3	+0.085%	$406K	$552K	5x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,489	long leg	$414K	$35K	5x
Kalshi KXZECPERP	0.0000%	8h	1,490.3	+0.085%	$1.5M	$4.7M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,488.8	−0.012%	$680K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,488.4	−0.041%	$5.3M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,488.4	−0.040%	$18.1M	$46.5M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0081%	8h	1,488.5	−0.036%	$300K	$1.1M	20x	as long as short
Bulk ZEC-USD	+0.0085%	1h	1,492.9	+0.261%	$902K	$7K	10x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,489.7	+0.046%	$8K	$7K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,489.4	+0.022%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,489.2	+0.013%	$12K	$879K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,489.4	+0.022%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,489.8	+0.051%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,490.1	+0.072%	$777.7M	$448.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,488.6	−0.032%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,488.8	−0.017%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,489.3	+0.017%	$694.5M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,488.9	−0.012%	$266.9M	$629.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,489.6	+0.038%	$181.2M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,488.9	−0.012%	$55.0M	$181.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,488.7	−0.020%	$242.4M	$784.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,488.1	−0.062%	$102.5M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,490.4	+0.092%	$160.5M	$290.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,489.9	+0.055%	—	$118.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,489.9	+0.059%	$48.8M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,490.5	+0.101%	$570K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,490	+0.065%	$3.1M	$499K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,491.8	+0.187%	$411K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,489.5	+0.030%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,490	+0.065%	$356K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,491.6	+0.173%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,487.2	−0.122%	$454K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,491.4	+0.156%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,488.1	−0.062%	$253K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,489	−0.002%	$2.7M	$20.1M	75x
Phemex ZECUSDT	+0.0100%	8h	1,488.6	−0.031%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,489.6	+0.038%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,488.4	−0.040%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,489.4	+0.022%	$938K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.5	+0.098%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0139% / S −0.0137%	1h	1,488.5	−0.038%	$392K	—	100x	as long as short
Lighter ZEC	+0.0240%	1h	1,490	+0.065%	$19.6M	$44.8M	20x	as long as short
Lighter RH ZEC	+0.0240%	1h	1,489.8	+0.052%	$2.1M	$7.3M	10x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,490.4	+0.092%	$624K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,488.9	−0.008%	$3.6M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0422%	1h	1,488.5	−0.039%	$2.3M	$3.9M	15x	as long as short