Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.002%
Price spread now: Deribit against Aevo+0.028%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.028%, 7d avg +0.065%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.037% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo ZEC-PERP | 1,449.5 | 0.0104 | pay 0.0013% / 1h | 34m 42s | $36K | $362K | 20x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,449.9 | 0 | get 0.0000% / 1h | 34m 42s | $590K | $1.3M | 25x |
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aevo. 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
- −$21.84
- Price spread: +0.028% → +0.065%
- −$3.74
- Slippage, 4 orders
- −$24.63
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$73.21
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 54 min ago; Deribit: live order book, 4 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 Aevo live order book, 54 min ago | 3.93 bp | 16.8 bp −$17 | 28.4 bp −$284 | 42.5 bp −$4,254 | doesn't fit |
| Sell Deribit live order book, 4 min ago | 2.65 bp | 6.2 bp −$6 | 13.8 bp −$138 | 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 | −0.3476% | 1h | 1,438.5 | −0.759% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,448.8 | −0.047% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,449.2 | −0.025% | $17.6M | $44.4M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,450 | +0.035% | $28.8M | $74.7M | 75x | as long as short |
| Variational Omni ZEC | −0.0009% | 8h | 1,449.1 | −0.028% | $45.6M | $32.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,448 | −0.101% | $408K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,449.8 | +0.020% | $897K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,449.8 | +0.018% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | 0.0000% | 1h | 1,449.9 | +0.028% | $590K | $1.3M | 25x | |
| Bybit ZECUSDT | +0.0004% | 8h | 1,448.2 | −0.094% | $268.0M | $675.0M | 75x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
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 | 1,450 | +0.030% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,449.3 | −0.013% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0030% / S +0.0070% | 1h | 1,449.3 | −0.015% | $543K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0054% | 8h | 1,448.3 | −0.082% | $171.6M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0070% | 8h | 1,448.7 | −0.060% | $49.0M | $187.0M | 75x | as long as short |
| Aster ZECUSDT | +0.0075% | 8h | 1,448.3 | −0.084% | $15.2M | $34.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,448.5 | −0.069% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0093% | 1h | 1,448.2 | −0.091% | $394K | $518K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,448.1 | −0.098% | $13K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,449.5 | −0.002% | $18.7M | $54.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,447.9 | −0.109% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,448.6 | −0.062% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450 | +0.031% | $3.0M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,448.7 | −0.056% | $749.9M | $490.7M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,448.9 | −0.043% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,448.8 | −0.047% | $659.3M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,452.5 | +0.206% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,448.8 | −0.047% | $219.0M | $888.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,448.2 | −0.093% | $103.4M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,448.3 | −0.082% | $160.9M | $312.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,447.9 | −0.113% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450 | +0.031% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | +0.096% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,450.3 | +0.052% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.4 | +0.131% | $706K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.1 | +0.109% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.6 | +0.006% | $298K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,449.7 | +0.010% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,447.9 | −0.110% | $440K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,451.5 | +0.133% | $4K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.4 | −0.006% | $220K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449.6 | +0.008% | $2.4M | $24.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,449.9 | +0.027% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | +0.194% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,448.7 | −0.059% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERPlong | +0.0104% | 1h | 1,449.5 | long leg | $36K | $362K | 20x | |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,448.8 | −0.048% | $865K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,452.2 | +0.186% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0443% | 1h | 1,451.6 | +0.147% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,450.6 | +0.073% | $756K | $7.9M | 10x | as long as short |
| Lighter RH ZEC | +0.0736% | 1h | 1,450.6 | +0.076% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Aster ZECUSDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC