Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.005%

Price spread now: Orderly against dYdX−0.012%7-day average +0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.012%, 7d avg +0.016%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.028% cheaper against dYdX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.016%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.324%, 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	1,507.3	0	get 0.0000% / 1h	13m 36s	$419K	$34K	5x
Short	Orderly PERP_ZEC_USDC	1,507.2	0.0083	get 0.0083% / 8h	13m 36s	$303K	$864K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.012%Rate

Funding earned: $17.4
Price spread: −0.012% → +0.016%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.37
Costs to cover: 0.160%
Break-even: 7.6 days

Slippage unknown: dYdX: live order book, 26 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX live order book, 26 min ago	23.10 bp	30.6 bp −$31	52.9 bp −$529	96.6 bp −$9,661	623.7 bp −$311.9K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3442%	1h	1,479.6	−1.842%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,506.1	−0.080%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0171%	8h	1,509	+0.106%	$31.1M	$76.4M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.772%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0084%	1h	1,502	−0.354%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.2	−0.143%	$6K	$1K	10x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,507.3	long leg	$419K	$34K	5x
Kalshi KXZECPERP	0.0000%	8h	1,508.9	+0.106%	$1.5M	$4.4M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,507.8	+0.029%	$689K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,507.4	+0.005%	$5.4M	—	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	1,507.8	+0.032%	$18.1M	$47.4M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0062%	1h	1,507.4	+0.003%	$411K	$559K	5x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,509.5	+0.143%	$8K	$6K	5x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0083%	8h	1,507.2	−0.012%	$303K	$864K	20x
Phoenix ZEC	+0.0096%	1h	1,505.9	−0.099%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,509.5	+0.145%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,509.1	+0.116%	$180K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,509	+0.108%	$14K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,508.2	+0.054%	$62K	$19K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,508.1	+0.052%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,508.9	+0.103%	$789.8M	$441.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,508.3	+0.064%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,508.5	+0.078%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,509	+0.112%	$705.8M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,508.3	+0.063%	$272.3M	$619.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,508.8	+0.096%	$184.3M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,508.5	+0.079%	$58.8M	$187.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,508.4	+0.069%	$239.3M	$806.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,508.2	+0.058%	$103.6M	$56.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,508.1	+0.052%	$163.2M	$289.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,508.1	+0.047%	—	$117.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.9	−0.360%	$49.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,504.8	−0.172%	$576K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,507.4	+0.001%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,507.5	+0.013%	$415K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505	−0.157%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,507.6	+0.017%	$363K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,507.2	−0.007%	$170K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.4	−0.066%	$460K	$438K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,509.6	+0.147%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,507.3	−0.005%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,507.1	−0.020%	$2.7M	$20.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,507.7	+0.021%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,508.1	+0.050%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,507.4	+0.005%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,509.1	+0.115%	$950K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0147% / S −0.0144%	1h	1,506	−0.089%	$335K	—	100x	as long as short
Lighter ZEC	+0.0192%	1h	1,509.5	+0.140%	$19.9M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,509.2	+0.122%	$607K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,508.6	+0.083%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0494%	1h	1,508.9	+0.105%	$2.4M	$3.8M	15x	as long as short