Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.024%
Price spread now: dYdX against Bullet−0.067%7-day average −0.017% · 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−$104as in the Price arb table
costs, in and out, $10k−$990.994% of the position
Funding, last 3 days (all we have)+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)−0.124%−$12 · spread now −0.067%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.049% cheaper against Bullet than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet ZEC-USD | 1,470 | 0.0100 | pay 0.0013% / 1h | 26m 29s | $128K | $159K | 20x |
| Short | dYdX ZEC-USD | 1,469.1 | 0 | get 0.0000% / 1h | 26m 29s | $414K | $103K | 5x |
Bullet ZEC-USD
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bullet. 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
- −$21
- Price spread: −0.067% → −0.017%
- −$4.94
- Slippage, 4 orders
- −$81.38
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$125.33
- Costs to cover
- 0.994%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 47 min ago; dYdX: live order book, 48 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 Bullet live order book, 47 min ago | 1.80 bp | 6.6 bp −$7 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 48 min ago | 36.13 bp | 43.2 bp −$43 | 54.7 bp −$547 | 226.8 bp −$22.7K | 663.6 bp −$331.8K |
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 | −0.3321% | 1h | 1,471.8 | +0.118% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470.3 | +0.018% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0110% | 1h | 1,466.9 | −0.214% | $399K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,469.8 | −0.015% | $29.7M | $73.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.3 | −0.048% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0053% | 8h | 1,469 | −0.067% | $47.6M | $33.8M | — | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,469.1 | −0.067% | $414K | $103K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,470.8 | +0.051% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.6 | −0.028% | $83K | $405K | 10x | as long as short |
| Bybit ZECUSDT | +0.0006% | 8h | 1,469 | −0.073% | $273.7M | $633.5M | 75x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Kalshi KXZECPERP
Perpl ZEC
Bybit ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470 | −0.001% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,469 | −0.069% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,469.7 | −0.020% | $293K | $1.2M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0051% | 8h | 1,468.7 | −0.090% | $181.8M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,473.1 | +0.211% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,469.9 | −0.008% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469 | −0.070% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468.9 | −0.079% | $20K | $838K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.3 | −0.051% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.2 | −0.060% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.9 | −0.009% | $762.3M | $455.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.8 | −0.084% | $14.9M | $31.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.2 | −0.057% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.2 | −0.058% | $684.1M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470.8 | +0.054% | $700K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,469 | −0.073% | $51.2M | $179.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.8 | −0.086% | $230.9M | $826.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469 | −0.070% | $104.4M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.2 | −0.058% | $163.5M | $292.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,468.9 | −0.080% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.8 | +0.054% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.9 | +0.060% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470.1 | +0.002% | $430K | $868K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.6 | +0.035% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470 | −0.003% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,470 | long leg | $128K | $159K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.1 | −0.129% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.5 | +0.164% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.9 | −0.012% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.1 | +0.003% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.4 | +0.021% | $3.9M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.113% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469 | −0.069% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.9 | −0.006% | $55K | $168K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0138% | 1h | 1,470.7 | +0.046% | $605K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,470.6 | +0.040% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,469.8 | −0.018% | $852K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472.1 | +0.140% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0539% | 1h | 1,470.1 | +0.001% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0771% | 1h | 1,471.3 | +0.087% | $44K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0792% | 1h | 1,471.3 | +0.088% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC