ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0508%/8h= −55.7% APRnext payment −$0.64 per $10,000 · paid last 24h −0.068%

Price spread now: dYdX against Arcus−0.222%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.222%, 7d avg −0.035%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and dYdX is 0.188% cheaper against Arcus than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.074% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ZEC-USD	1,478.4	0.0508	pay 0.0064% / 1h	28m 02s	$662K	$8.2M	10x
Short	dYdX ZEC-USD	1,475.1	0	get 0.0000% / 1h	28m 02s	$410K	$37K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Arcus. 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 ArcusbpFee dYdXbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$106.76
Price spread: −0.222% → −0.035%: −$18.76
Slippage, 4 orders: −$55.86
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$195.88
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; dYdX: live order book, 21 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 Arcus live order book, 1 min ago	0.20 bp	2.5 bp −$2	6.7 bp −$67	doesn't fit	doesn't fit
Sell dYdX live order book, 21 min ago	23.80 bp	28.8 bp −$29	46.2 bp −$462	82.2 bp −$8,224	119.4 bp −$59.7K

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	−0.3243%	1h	1,473.3	−0.345%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0088%	8h	1,476.8	−0.108%	$30.0M	$71.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.2	−0.081%	$6K	$1K	10x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,475.1	−0.222%	$410K	$37K	5x
Kalshi KXZECPERP	0.0000%	8h	1,477	−0.096%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.4	−0.068%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,477.1	−0.088%	$622K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,477	−0.091%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,476.5	−0.125%	$295K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,477.3	−0.075%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0091%	8h	1,476.4	−0.133%	$265.2M	$592.6M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,473.3	−0.342%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.6	−0.055%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0052%	1h	1,476.6	−0.120%	$440K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.1	−0.088%	$13K	$817K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477.3	−0.071%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,478.1	−0.020%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,478.4	+0.002%	$769.4M	$420.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477	−0.091%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.7	−0.183%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477	−0.090%	$682.3M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.6	−0.122%	$179.2M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.6	−0.188%	$399K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.403%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477	−0.093%	$53.3M	$171.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477	−0.090%	$228.1M	$764.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,477.2	−0.081%	$103.9M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.3	−0.071%	$167.2M	$268.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477.2	−0.082%	—	$110.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,471.5	−0.467%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469	−0.633%	$555K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474	−0.294%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470.8	−0.513%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.8	−0.380%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.4	−0.066%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477	−0.096%	$162K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.5	−0.197%	$450K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,478.7	+0.021%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.4	−0.131%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.4	−0.204%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,477.3	−0.075%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.2	−0.078%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.5	−0.126%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,478.4	+0.005%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,476.7	−0.112%	$18.1M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,478.2	−0.009%	$933K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,478.5	+0.007%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0399%	1h	1,477.9	−0.034%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,479.7	+0.092%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USDlong	+0.0508%	1h	1,478.4	long leg	$662K	$8.2M	10x
Aftermath Perps ZECUSD	+0.0717%	1h	1,472.8	−0.378%	$45K	$49K	10x	as long as short