Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%

Price spread now: dYdX against Gate−0.138%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

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

costs, in and out, $10k−$760.760% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now −0.138%, 7d avg −0.003%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.135% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.252%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,457.6	0.0100	pay 0.0100% / 8h	5h 12m	$50.2M	$175.2M	75x
Short	dYdX ZEC-USD	1,455.6	0	get 0.0000% / 1h	12m 04s	$410K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$21
Price spread: −0.138% → −0.003%: −$13.47
Slippage, 4 orders: −$51.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$110.49
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; dYdX: live order book, 52 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 Gate live order book, 2 min ago	0.72 bp	11.6 bp −$12	17.9 bp −$179	35.0 bp −$3,501	62.8 bp −$31.4K
Sell dYdX live order book, 52 min ago	19.97 bp	29.8 bp −$30	52.2 bp −$522	141.5 bp −$14.1K	954.9 bp −$477.5K

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	−0.3244%	1h	1,456.6	−0.075%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,455.7	−0.136%	$29.4M	$70.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.8	−0.058%	$6K	$1K	10x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,455.6	−0.138%	$410K	$43K	5x
Kalshi KXZECPERP	0.0000%	8h	1,456.8	−0.058%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456	−0.112%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.3	−0.027%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0051%	8h	1,457.3	−0.026%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,457	−0.044%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,458.4	+0.051%	$4.6M	$1.4M	10x	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	1,456.5	−0.081%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.4	−0.087%	$13K	$882K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.8	−0.058%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457	−0.047%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.3	+0.045%	$757.9M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.7	−0.063%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457	−0.045%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.1	−0.038%	$668.0M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.8	−0.056%	$264.4M	$605.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,457.3	−0.021%	$178.4M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,460.5	+0.196%	$396K	$439K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.013%	$883K	$21K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,457.6	long leg	$50.2M	$175.2M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,457.1	−0.036%	$213.6M	$780.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.4	−0.017%	$102.1M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.6	−0.003%	$162.0M	$273.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,457.7	+0.002%	—	$96.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.2	+0.315%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.6	+0.206%	$570K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.3	+0.318%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461	+0.233%	$411K	$909K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.1	−0.106%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.2	−0.099%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.1	−0.039%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.3	−0.089%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.2	+0.178%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.1	−0.040%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455	−0.181%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.3	−0.024%	$3.8M	$5.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0101%	1h	1,458.2	+0.040%	$2.4M	$3.8M	15x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.9	−0.050%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.9	−0.052%	$47K	$153K	20x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,456.6	−0.074%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457	−0.042%	$18.0M	$44.6M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,458.6	+0.066%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,457.9	+0.018%	$715K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0368%	1h	1,458.7	+0.072%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,457.1	−0.034%	$833K	$1.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0414%	1h	1,458.1	+0.034%	$613K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,457.5	−0.008%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0691%	1h	1,458.4	+0.050%	$45K	$49K	10x	as long as short