Funding you earn now, next payment 00:00 UTC+0.0384%/8h= +42.0% APRnext payment +$0.48 per $10,000 · paid last 24h +0.101%
Price spread now: Deribit against ApeX Omni+0.096%7-day average +0.222% · you sell dearer than you buy
Net, funding: paid 7d − costs+$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 7 days+1.072%+$107 on $10k
+Price spread, last 3 days (all we have)+0.309%+$31 · spread now +0.096%, 7d avg +0.222%
=Funding pays, the price is against you. Deribit is 0.126% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.096% now, against its 7-day average of +0.222%). If the spread goes back, that is −$13 on $10k: about 26 hours of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZECUSDT | 1,474 | −0.0365 | get 0.0046% / 1h | 52m 56s | $432K | $827K | 50x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,475.5 | 0.0019 | get 0.0002% / 1h | 52m 56s | $615K | $1.3M | 25x |
ApeX Omni ZECUSDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against ApeX Omni. 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
- $80.63
- Price spread: +0.096% → +0.222%
- −$12.59
- Slippage, 4 orders
- −$16.57
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $34.48
- Costs to cover
- 0.336%
- Break-even
- 4.0 days
Slippage from ApeX Omni: live order book, 26 min ago; Deribit: live order book, 1 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 ApeX Omni live order book, 26 min ago | 0.10 bp | 5.5 bp −$6 | 29.5 bp −$295 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 1 min ago | 4.10 bp | 7.7 bp −$8 | 15.1 bp −$151 | 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 | −0.3089% | 1h | 1,475.9 | +0.124% | $34K | $275K | 12x | as long as short |
| ApeX Omni ZECUSDTlong | −0.0365% | 1h | 1,474 | long leg | $432K | $827K | 50x | |
| Ondo Perps ZEC-USD.P | −0.0326% | 1h | 1,473.5 | −0.036% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0224% | 1h | 1,474.6 | +0.040% | $18.0M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0111% | 8h | 1,474.5 | +0.033% | $29.5M | $75.7M | 75x | as long as short |
| Bybit ZECUSDT | −0.0085% | 8h | 1,472.9 | −0.077% | $273.4M | $661.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.2 | +0.009% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0037% | 8h | 1,473.4 | −0.042% | $47.0M | $33.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475 | +0.065% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.4 | +0.163% | $901K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,474 | −0.001% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.9 | +0.060% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,474.7 | +0.046% | $295K | $1.4M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0019% | 1h | 1,475.5 | +0.096% | $615K | $1.3M | 25x | |
| Phoenix ZEC | +0.0024% | 1h | 1,475.6 | +0.107% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,474.8 | +0.051% | $366K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,473.3 | −0.051% | $180.6M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,474 | 0.000% | $50.7M | $183.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,474.6 | +0.039% | $8K | $8K | 5x | as long as short |
| SoDEX ZEC-USD | +0.0065% | 1h | 1,474.5 | +0.028% | $227K | $4.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,474.7 | +0.047% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,475.3 | +0.083% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,474 | 0.000% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.6 | +0.038% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.9 | +0.127% | $766.0M | $473.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.5 | +0.033% | $15.6M | $32.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.2 | +0.078% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.9 | −0.011% | $681.9M | $2.47B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475.5 | +0.103% | $714K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.1 | −0.197% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474 | −0.001% | $223.2M | $829.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.6 | +0.041% | $104.3M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.4 | +0.025% | $162.9M | $303.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,473.8 | −0.018% | — | $102.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | +0.018% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,475.5 | +0.101% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,475.4 | +0.090% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.6 | +0.039% | $348K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | +0.025% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473 | −0.069% | $449K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.1 | +0.208% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.2 | −0.057% | $2.5M | $23.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474.8 | +0.055% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.4 | +0.027% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.5 | +0.030% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,475.3 | +0.089% | $836K | $1.2M | 10x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,476.2 | +0.150% | $19.1M | $52.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,476.8 | +0.189% | $3.8M | $11.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0504% | 1h | 1,476.7 | +0.181% | $2.0M | $8.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0552% | 1h | 1,475.6 | +0.105% | $2.4M | $3.7M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0628% | 1h | 1,474.7 | +0.043% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
SoDEX ZEC-USD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD