Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.019%
Price spread now: dYdX against OKX+0.133%50s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1000.995% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.133%, 7d avg +0.006%
=The price spread pays, funding is against you. dYdX is 0.128% dearer against OKX than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.006%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.276%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZEC-USDT-SWAP | 1,467.3 | 0.0050 | pay 0.0050% / 8h | 1h 44m | $176.1M | $1.36B | 50x |
| Short | dYdX ZEC-USD | 1,469.2 | 0 | get 0.0000% / 1h | 44m 52s | $414K | $106K | 5x |
OKX ZEC-USDT-SWAP
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.55
- Price spread: +0.133% → +0.006%
- $12.79
- Slippage, 4 orders
- −$79.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$97.26
- Costs to cover
- 0.995%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; dYdX: live order book, 39 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 OKX live order book, 4 min ago | 0.03 bp | 5.1 bp −$5 | 9.4 bp −$94 | 17.1 bp −$1,706 | doesn't fit |
| Sell dYdX live order book, 39 min ago | 38.64 bp | 44.1 bp −$44 | 48.4 bp −$484 | 103.4 bp −$10.3K | 412.9 bp −$206.4K |
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 | −0.3310% | 1h | 1,462.9 | −0.296% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,468.5 | +0.086% | $17.9M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0118% | 1h | 1,466.9 | −0.026% | $398K | $521K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0097% | 8h | 1,468.5 | +0.082% | $29.1M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.1 | +0.123% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0045% | 8h | 1,467.1 | −0.010% | $271.6M | $674.3M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.6 | +0.022% | $46.6M | $34.0M | — | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,469.2 | +0.133% | $414K | $106K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.5 | +0.152% | $893K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.1 | +0.053% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,468.9 | +0.108% | $598K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.7 | +0.095% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,468.5 | +0.084% | $543K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,468.1 | +0.055% | $294K | $1.5M | 20x | as long as short |
| ApeX Omni ZECUSDT | +0.0045% | 1h | 1,467.1 | −0.011% | $431K | $818K | 50x | as long as short |
| OKX ZEC-USDT-SWAPlong | +0.0050% | 8h | 1,467.3 | long leg | $176.1M | $1.36B | 50x | |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | −0.457% | $899K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0060% | 8h | 1,467.7 | +0.029% | $49.9M | $184.2M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,469.1 | +0.122% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,459.6 | −0.522% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,469 | +0.115% | $14K | $864K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,470 | +0.186% | $19.0M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.5 | +0.082% | $173K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.5 | +0.082% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470 | +0.185% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.6 | +0.093% | $760.9M | $490.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.1 | +0.053% | $15.4M | $33.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.4 | +0.144% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467.5 | +0.014% | $675.5M | $2.51B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.7 | +0.026% | $221.5M | $855.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.8 | +0.033% | $103.2M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.6 | +0.022% | $162.8M | $308.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.8 | +0.037% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.9 | −0.094% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.6 | +0.090% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,466.9 | −0.027% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.7 | +0.097% | $346K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.3 | +0.067% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.4 | −0.059% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.7 | +0.236% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.3 | +0.070% | $223K | $4.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.6 | −0.048% | $2.4M | $24.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.7 | +0.100% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.9 | +0.042% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.9 | +0.046% | $37K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,469.2 | +0.133% | $845K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0234% | 1h | 1,469 | +0.116% | $2.3M | $4.0M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,470.5 | +0.218% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,469.6 | +0.156% | $730K | $8.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,470.2 | +0.202% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0529% | 1h | 1,466 | −0.088% | $41K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
ApeX Omni ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Lighter RH ZEC
Aftermath Perps ZECUSD