ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.046%

Price spread now: Backpack against dYdX−0.003%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.296%−$30 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.003%, 7d avg +0.002%

Together, before fees−0.407%−$41 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: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.296%, 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	1,463.2	0	get 0.0000% / 1h	2m 18s	$407K	$37K	5x
Short	Backpack ZEC_USDC_PERP	1,463.1	0.0315	get 0.0039% / 1h	2m 18s	$2.4M	$3.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.003%Rate

Funding earned: $66.24
Price spread: −0.003% → +0.002%: −$0.49
Slippage, 4 orders: −$72.25
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$26.5
Costs to cover: 0.922%
Break-even: 9.8 days

Slippage from dYdX: live order book, 52 min ago; Backpack: live order book, 2 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 dYdX live order book, 52 min ago	35.60 bp	40.6 bp −$41	52.3 bp −$523	79.8 bp −$7,979	323.4 bp −$161.7K
Sell Backpack live order book, 2 min ago	0.03 bp	5.5 bp −$6	16.2 bp −$162	doesn't fit	doesn't fit

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	−0.3042%	1h	1,465	+0.120%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.1	−0.003%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,462.7	−0.036%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,463.2	long leg	$407K	$37K	5x
Perpl ZEC	0.0000%	43m	1,461.8	−0.096%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,462.3	−0.062%	$615K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.7	−0.100%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,461.7	−0.103%	$292K	$900K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0070%	1h	1,464.3	+0.076%	$397K	$436K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0090% / S −0.0042%	1h	1,461.7	−0.101%	$436K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,461.9	−0.091%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462.8	−0.025%	$14K	$799K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462	−0.078%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.4	−0.055%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.7	−0.099%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.2	−0.070%	$1.7M	$2.3M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.7	−0.102%	$673.8M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,461.4	−0.124%	$261.5M	$585.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,461.5	−0.116%	$178.6M	$1.20B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.8	−0.026%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,462.1	−0.074%	$52.5M	$173.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.9	−0.090%	$218.5M	$776.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,462	−0.082%	$103.0M	$52.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.9	−0.087%	$166.2M	$267.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.4	−0.053%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,465.8	+0.181%	$48.1M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.4	+0.152%	$570K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,465.7	+0.174%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,463.9	+0.049%	$404K	$920K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.8	+0.107%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462	−0.081%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.7	−0.099%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,460.9	−0.156%	$446K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.2	+0.070%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.8	−0.096%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461	−0.150%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.3	−0.063%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.8	−0.092%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.7	−0.103%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,462.1	−0.072%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,465.4	+0.148%	$4.7M	$1.3M	10x	as long as short
Kalshi KXZECPERP	+0.0127%	8h	1,462.9	−0.021%	$1.5M	$4.4M	2.2x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,463.2	0.000%	$2.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0147%	1h	1,463.2	+0.001%	$762.4M	$419.6M	10x	as long as short
Lighter ZEC	+0.0160%	1h	1,463.3	+0.008%	$19.3M	$45.8M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,462.3	−0.060%	$925K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0315%	1h	1,463.1	−0.003%	$2.4M	$3.8M	15x
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,461.7	−0.100%	$18.0M	$45.5M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,463.6	+0.029%	$673K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,464	+0.053%	$3.8M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0685%	1h	1,463.6	+0.030%	$45K	$49K	10x	as long as short