Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Extended against Backpack+0.032%7-day average −0.425% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs+$23as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.303%+$30 on $10k
+Price spread, last 7 days+0.825%+$83 · spread now +0.032%, 7d avg −0.425%
=Together, before fees+1.128%+ Points / potential airdropExtended: Active · farm board+$113 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.457% dearer against Backpack than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.425%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,457.2 | 0.0100 | pay 0.0013% / 1h | 16m 30s | $2.3M | $4.1M | 15x |
| Short | Extended ZEC-USD | 1,457.7 | 0.0104 | get 0.0013% / 1h | 16m 30s | $3.3M | $6.9M | 10x |
Backpack ZEC_USDC_PERP
Extended ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Backpack. 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
- $0.84
- Price spread: +0.032% → −0.425%
- $45.73
- Slippage, 4 orders
- −$8.19
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $23.38
- Costs to cover
- 0.232%
- Break-even
- from the start
Slippage from Backpack: live order book, 3 min ago; Extended: live order book, 2 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 Backpack live order book, 3 min ago | 0.03 bp | 6.2 bp −$6 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.51 bp | 7.3 bp −$7 | 14.6 bp −$146 | 165.5 bp −$16.5K | 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 | 1,433.1 | −1.654% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,455.9 | −0.095% | $28.7M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.5 | +0.019% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,456.9 | −0.021% | $17.7M | $44.6M | 25x | as long as short |
| Bybit ZECUSDT | −0.0004% | 8h | 1,456.4 | −0.055% | $268.6M | $677.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.2 | −0.004% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.9 | −0.095% | $933K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.8 | −0.034% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,456.5 | −0.054% | $593K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.9 | −0.090% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0008% | 8h | 1,455.6 | −0.114% | $45.8M | $33.2M | — | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,455.6 | −0.111% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0020% / S +0.0071% | 1h | 1,455.9 | −0.095% | $556K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,458 | +0.055% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0058% | 8h | 1,457.2 | −0.003% | $173.9M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0073% | 8h | 1,457.3 | +0.002% | $49.5M | $190.6M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0079% | 1h | 1,452.8 | −0.305% | $395K | $519K | 5x | as long as short |
| Aster ZECUSDT | +0.0094% | 8h | 1,457.6 | +0.021% | $15.3M | $34.3M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,457.5 | +0.016% | $13K | $872K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,458.4 | +0.080% | $18.8M | $54.7M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.6 | +0.025% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.5 | +0.020% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.7 | +0.030% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458 | +0.052% | $753.9M | $495.0M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.7 | +0.029% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.6 | +0.026% | $664.9M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457.5 | +0.018% | $217.3M | $897.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.6 | −0.044% | $103.0M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.4 | +0.011% | $161.3M | $312.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,457.7 | +0.032% | — | $101.4M | — | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0100% | 1h | 1,457.2 | long leg | $2.3M | $4.1M | 15x | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.9 | −0.023% | $489K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.7 | −0.036% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457 | −0.017% | $428K | $814K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.3 | −0.064% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.2 | −0.003% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.7 | −0.106% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.5 | −0.191% | $442K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.7 | +0.028% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,456.3 | −0.062% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,456.6 | −0.043% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.7 | −0.039% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | −0.154% | $896K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,457.5 | +0.017% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USDshort | +0.0104% | 1h | 1,457.7 | +0.032% | $3.3M | $6.9M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.8 | −0.098% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,458 | +0.053% | $863K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,457.8 | +0.036% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0456% | 1h | 1,456.7 | −0.037% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,458.9 | +0.114% | $750K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0624% | 1h | 1,459 | +0.124% | $1.9M | $8.5M | 10x | as long as short |
Variational Omni ZEC
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Ondo Perps ZEC-USD.P
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
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
Bulk ZEC-USD
Phoenix ZEC
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC