Funding you earn now, next payment 02:00 UTC−0.0233%/8h= −25.5% APRnext payment −$0.29 per $10,000 · paid last 24h −0.148%
Price spread now: Backpack against Aftermath Perps−0.075%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Backpack is 0.075% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps ZECUSD | 1,470.8 | 0.0746 | pay 0.0093% / 1h | 57m 08s | $43K | $46K | 10x |
| Short | Backpack ZEC_USDC_PERP | 1,469.7 | 0.0514 | get 0.0064% / 1h | 57m 08s | $2.5M | $3.8M | 15x |
Aftermath Perps ZECUSD
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aftermath Perps. 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
- −$48.86
- Price spread: −0.075% → 0.000%
- −$7.53
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$75.38
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Backpack: live order book, 2 min ago. 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.03 bp | 5.6 bp −$6 | 17.1 bp −$171 | doesn't fit | doesn't fit |
Aftermath Perps: 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 | −0.3678% | 1h | 1,471.5 | +0.049% | $34K | $274K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0164% | 1h | 1,469.2 | −0.110% | $398K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0114% | 8h | 1,469.6 | −0.080% | $29.6M | $72.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.9 | +0.007% | $6K | $1K | 10x | as long as short |
| Variational Omni ZEC | −0.0007% | 8h | 1,467.9 | −0.197% | $47.8M | $33.5M | — | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,469.6 | −0.084% | $17.9M | $43.0M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.3 | +0.033% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.2 | +0.025% | $959K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,471.3 | +0.035% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.1 | −0.046% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,470.4 | −0.028% | $8K | $9K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0024% | 8h | 1,469.6 | −0.086% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,468.4 | −0.164% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,470 | −0.055% | $378K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0069% | 8h | 1,469.3 | −0.105% | $180.8M | $1.28B | 50x | as long as short |
| Gate ZEC_USDT | +0.0095% | 8h | 1,469.3 | −0.104% | $50.0M | $173.1M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.2 | +0.023% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,470.3 | −0.036% | $12K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.4 | −0.026% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.5 | +0.050% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.1 | −0.049% | $765.3M | $451.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471 | +0.014% | $14.9M | $31.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.3 | +0.032% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.7 | −0.076% | $682.6M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,469 | −0.121% | $271.9M | $626.6M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | −0.011% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.5 | −0.092% | $217.9M | $789.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.7 | −0.076% | $103.8M | $55.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.4 | −0.096% | $163.3M | $287.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.3 | −0.105% | — | $100.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470 | −0.054% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.7 | −0.007% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470.5 | −0.022% | $428K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.056% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471 | +0.012% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.1 | −0.050% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.2 | −0.176% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.4 | +0.172% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.5 | −0.090% | $242K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471 | +0.012% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.3 | −0.035% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.7 | −0.078% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.5 | −0.092% | $52K | $163K | 20x | as long as short |
| Lighter ZEC | +0.0136% | 1h | 1,471 | +0.015% | $19.2M | $47.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0247% | 1h | 1,470.6 | −0.013% | $605K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,472 | +0.078% | $691K | $8.6M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,471.3 | +0.034% | $854K | $1.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0432% | 1h | 1,471.2 | +0.028% | $2.1M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,472.9 | +0.140% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0514% | 1h | 1,469.7 | −0.075% | $2.5M | $3.8M | 15x | |
| Aftermath Perps ZECUSDlong | +0.0746% | 1h | 1,470.8 | long leg | $43K | $46K | 10x |
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX