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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.002%
Price spread now: Ondo Perps against dYdX−0.168%63s7-day average −0.053% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.168%, 7d avg −0.053%
Together, before fees+0.129%+ Points / potential airdropOndo Perps: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.115% cheaper against dYdX than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.053%). If the spread goes back, that is −$12 on $10k: about 3.8 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.013% in total) that is about 60 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEC-USD1,477.70get 0.0000% / 1h28m 54s$411K$35K5x
ShortOndo Perps ZEC-USD.P1,475.20.0100get 0.0013% / 1h28m 54s$403K$508K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
$21
Price spread: −0.168% → −0.053%
−$11.53
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$5.53
Costs to cover
0.150%
Break-even
8.8 days
Slippage unknown: dYdX: live order book, 15 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 15 min ago36.73 bp41.7 bp −$4244.1 bp −$441113.8 bp −$11.4K360.0 bp −$180.0K
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.3684%1h1,462−1.060%$36K$275K12xas long as short
Bulk ZEC-USD−0.0166%1h1,477.1−0.040%$892K$9K10xas long as short
BloFin ZEC-USDT−0.0123%8h1,477−0.044%$30.5M$73.8M75xas long as short
Kraken Futures PF_ZECUSD−0.0097%1h1,477.3−0.028%$17.9M$47.2M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,478.4+0.046%$6K$1K10xas long as short
dYdX ZEC-USDlong0.0000%1h1,477.7long leg$411K$35K5x
Kalshi KXZECPERP0.0000%8h1,478.3+0.043%$1.5M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,475.8−0.126%$63K$303K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,478+0.023%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0077%8h1,477−0.048%$297K$1.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,477.6−0.008%$164K$1.8M50xas long as short
Aftermath Perps ZECUSD+0.0097%1h1,477.6−0.004%$47K$64K10xas long as short
Katana Perps ZEC-USD+0.0098%8h1,477.1−0.037%$10K$869K10xas long as short
Nado ZEC-PERP+0.0100%1h1,477.8+0.006%$2.7M$7.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,475.9−0.121%$13.8M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,478.1+0.025%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,476.2−0.098%$687.2M$2.30B75xas long as short
Bybit ZECUSDT+0.0100%8h1,476−0.115%$263.3M$632.9M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,476.1−0.110%$178.9M$1.31B50xas long as short
Ondo Perps ZEC-USD.Pshort+0.0100%1h1,475.2−0.168%$403K$508K5x
Gate ZEC_USDT+0.0100%8h1,476.4−0.088%$54.2M$182.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,476.3−0.094%$241.1M$784.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,476.9−0.056%$101.0M$57.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,476.4−0.087%$158.8M$288.7M75xas long as short
BingX ZEC-USDC+0.0100%8h1,477−0.048%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,477.7−0.002%$2.3M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,477.6−0.005%$48.1M$34.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,477.2−0.036%$565K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,478.3+0.045%$3.0M$498K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,476.9−0.055%$406K$935K50xas long as short
StandX ZEC-USD+0.0100%1h1,479.1+0.095%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,477.4−0.019%$357K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,477.3−0.025%$162K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,473.4−0.290%$450K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,479.7+0.134%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,477.1−0.042%$251K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,476.3−0.094%$2.6M$19.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,477.8+0.005%$3.9M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,477.7+0.001%$61K$43K10xas long as short
Extended ZEC-USD+0.0104%1h1,476.2−0.099%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,477−0.049%$42K$152K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0127%1h1,477.7+0.004%$675K$1.4M25xas long as short
RISEx ZEC/USDC+0.0129%1h1,478.5+0.052%$925K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,478.9+0.080%$4.7M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0143% / S −0.0148%1h1,478.1+0.029%$479K100xas long as short
01 Exchange ZECUSD+0.0144%1h1,477.8+0.008%$8K$7K5xas long as short
Arcus ZEC-USD+0.0221%1h1,479.4+0.117%$633K$8.6M10xas long as short
Lighter RH ZEC+0.0248%1h1,478.8+0.076%$2.1M$7.4M10xas long as short
Hyperliquid ZEC+0.0251%1h1,478.3+0.042%$767.2M$442.3M10xas long as short
Lighter ZEC+0.0312%1h1,478.8+0.075%$19.4M$45.8M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,479.6+0.130%$3.6M$9.9M50xas long as short