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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.028%
Price spread now: dYdX against Polymarket Perps+0.009%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$940.939% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.260%+$26 on $10k
Price spread, last 4 days (all we have)+0.294%+$29 · spread now +0.009%, 7d avg −0.002%
Together, before fees+0.555%+$55 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.260%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZEC-USD1,467.60.0100pay 0.0013% / 1h48m 49s$359K$1.7M10x
ShortdYdX ZEC-USD1,467.70get 0.0000% / 1h48m 49s$408K$37K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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

Funding earned
−$21
Price spread: +0.009% → −0.002%
$1.08
Slippage, 4 orders
−$75.88
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$113.8
Costs to cover
0.939%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; dYdX: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 5 min ago1.36 bp5.4 bp −$58.5 bp −$85doesn't fitdoesn't fit
Sell dYdX live order book, 65 min ago35.60 bp40.6 bp −$4146.3 bp −$46386.9 bp −$8,693351.8 bp −$175.9K

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−0.3243%1h1,469.3+0.116%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,467.6+0.001%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0069%8h1,467.3−0.019%$29.8M$70.9M75xas long as short
dYdX ZEC-USDshort0.0000%1h1,467.7+0.009%$408K$37K5x
Kalshi KXZECPERP0.0000%8h1,469.6+0.134%$1.5M$4.4M2.2xas long as short
Perpl ZEC0.0000%43m1,468.1+0.031%$84K$239K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,467.8+0.010%$618K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,467.6−0.002%$5.2M150xas long as short
01 Exchange ZECUSD+0.0032%1h1,468.1+0.034%$8K$7K5xas long as short
Orderly PERP_ZEC_USDC+0.0062%8h1,467−0.042%$293K$900K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0092%1h1,465.6−0.138%$4.7M$1.3M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0093% / S −0.0046%1h1,467.2−0.027%$437K100xas long as short
Lighter RH ZEC+0.0096%1h1,468.7+0.072%$2.1M$7.1M10xas long as short
Popdex ZECUSDT+0.0096%1h1,468+0.024%$174K$1.6M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,468.6+0.070%$12K$797K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,468.4+0.052%$61K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,467.9+0.022%$2.9M$6.4M10xas long as short
Hyperliquid ZEC+0.0100%1h1,467.7+0.007%$764.2M$418.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,466.7−0.059%$14.5M$27.8M75xas long as short
Pacifica ZEC+0.0100%1h1,467.9+0.020%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,466.5−0.075%$676.5M$2.17B75xas long as short
Bybit ZECUSDT+0.0100%8h1,465.5−0.142%$262.5M$586.7M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,466.1−0.104%$178.5M$1.21B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,466.2−0.095%$398K$430K5xas long as short
Bulk ZEC-USD+0.0100%1h1,464.4−0.217%$885K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,466.6−0.066%$52.7M$169.8M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,466.8−0.056%$219.1M$757.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.1−0.035%$103.2M$52.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,467−0.044%$166.7M$267.0M75xas long as short
BingX ZEC-USDT+0.0100%8h1,466.4−0.082%$107.7Mas long as short
Variational Omni ZEC+0.0100%8h1,469.8+0.150%$48.2M$32.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,465.8−0.122%$572K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,468.6+0.065%$3.0M$453K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469.8+0.147%$406K$923K50xas long as short
StandX ZEC-USD+0.0100%1h1,468.1+0.033%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USDlong+0.0100%1h1,467.6long leg$359K$1.7M10x
Bullet ZEC-USD+0.0100%1h1,467.1−0.031%$161K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,466.2−0.099%$448K$506K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,470+0.162%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,467−0.040%$235K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,466.4−0.085%$2.7M$18.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,467.5−0.009%$3.9M$4.7M50xas long as short
Extended ZEC-USD+0.0104%1h1,466.9−0.045%$2.8M$7.8M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,467−0.040%$47K$151K20xas long as short
Kraken Futures PF_ZECUSD+0.0147%1h1,467.1−0.034%$18.0M$45.6M25xas long as short
Lighter ZEC+0.0152%1h1,468.1+0.033%$19.4M$43.8M20xas long as short
RISEx ZEC/USDC+0.0154%1h1,468.2+0.039%$928K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0301%1h1,467.6−0.003%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,470.6+0.207%$3.8M$9.2M50xas long as short
Arcus ZEC-USD+0.0508%1h1,469.4+0.124%$669K$8.1M10xas long as short
Aftermath Perps ZECUSD+0.0679%1h1,467.7+0.006%$45K$49K10xas long as short