Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.005%

Price spread now: Orderly against dYdX−0.204%7-day average +0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.326%−$33 on $10k

Price spread, last 4 days (all we have)+0.491%+$49 · spread now −0.204%, 7d avg +0.011%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.215% cheaper against dYdX than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of +0.011%). If the spread goes back, that is −$21 on $10k: about 12 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.326%, 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	1,476.8	0	get 0.0000% / 1h	27m 07s	$410K	$37K	5x
Short	Orderly PERP_ZEC_USDC	1,473.8	0.0062	get 0.0062% / 8h	2h 27m	$295K	$896K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.204%Rate

Funding earned: $13.01
Price spread: −0.204% → +0.011%: −$21.48
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$24.47
Costs to cover: 0.160%
Break-even: 20.2 days

Slippage unknown: dYdX: live order book, 22 min ago; Orderly: no order-book sample. Net counts fees only.

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, 22 min ago	23.80 bp	30.8 bp −$31	47.4 bp −$474	83.6 bp −$8,359	131.1 bp −$65.5K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,457.4	−1.312%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0088%	8h	1,473.9	−0.199%	$29.8M	$71.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,475.5	−0.089%	$6K	$1K	10x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,476.8	long leg	$410K	$37K	5x
Kalshi KXZECPERP	0.0000%	8h	1,476.2	−0.041%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.6	−0.215%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,474.3	−0.171%	$620K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,474.3	−0.173%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0062%	8h	1,473.8	−0.204%	$295K	$896K	20x
01 Exchange ZECUSD	+0.0072%	1h	1,474.9	−0.131%	$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	1,472.8	−0.274%	$264.5M	$592.3M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,473.3	−0.236%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474.4	−0.161%	$173K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0053%	1h	1,473.9	−0.200%	$439K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,474.4	−0.160%	$13K	$818K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.7	−0.008%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475.9	−0.064%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.1	−0.118%	$767.7M	$420.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.7	−0.207%	$14.4M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.4	−0.028%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.2	−0.242%	$680.6M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,472.9	−0.266%	$179.1M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.6	−0.081%	$399K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.297%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,473.5	−0.224%	$53.2M	$171.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.4	−0.229%	$227.2M	$764.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.7	−0.213%	$104.3M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.8	−0.203%	$166.8M	$268.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.1	−0.186%	—	$111.3M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,471.5	−0.361%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.1	−0.049%	$557K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.182%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.8	−0.001%	$408K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478.1	+0.087%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.3	−0.169%	$362K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.9	−0.197%	$162K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473	−0.259%	$450K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476	−0.052%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473.7	−0.213%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473	−0.257%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.1	−0.182%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.1	−0.182%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.7	−0.209%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,475.1	−0.114%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,473.6	−0.216%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,475.2	−0.110%	$931K	$1.1M	10x	as long as short
Lighter ZEC	+0.0184%	1h	1,475.2	−0.111%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0399%	1h	1,473.6	−0.215%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,477.2	+0.030%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,476.1	−0.045%	$655K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0716%	1h	1,473.3	−0.234%	$45K	$49K	10x	as long as short