Funding you earn now, next payment 01:00 UTC−0.0494%/8h= −54.1% APRpaid last 24h −0.028%
Price spread now: GRVT against Backpack−0.091%7-day average −0.417% · you buy dearer than you sell
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs+$8as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.330%+$33 on $10k
+Price spread, last 7 days+0.645%+$65 · spread now −0.091%, 7d avg −0.417%
=Together, before fees+0.975%+ Points / potential airdropGRVT: Active · farm board+$98 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.326% dearer against Backpack than usual: you sell high and buy low (spread −0.091% now, against its 7-day average of −0.417%): +$33 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.330%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.330% in total (about 17.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,476.2 | 0.0594 | pay 0.0074% / 1h | 44m 19s | $2.5M | $3.8M | 15x |
| Short | GRVT ZEC_USDT_Perp | 1,474.9 | 0.0100 | get 0.0100% / 8h | 7h 44m | $3.0M | $454K | 10x |
Backpack ZEC_USDC_PERP
GRVT ZEC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$103.73
- Price spread: −0.091% → −0.417%
- $32.63
- Slippage, 4 orders
- −$5.21
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$95.3
- Costs to cover
- 0.242%
- Break-even
- from the start
Slippage from Backpack: live order book, 5 min ago; GRVT: 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 Backpack live order book, 5 min ago | 0.03 bp | 6.0 bp −$6 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 1.56 bp | 6.2 bp −$6 | 8.3 bp −$83 | 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 | −0.3321% | 1h | 1,475.3 | −0.060% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,472.4 | −0.261% | $17.9M | $43.2M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0147% | 1h | 1,472.8 | −0.232% | $400K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0103% | 8h | 1,475.7 | −0.033% | $29.7M | $74.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.8 | −0.167% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0059% | 8h | 1,473.5 | −0.185% | $47.7M | $34.4M | — | as long as short |
| Bybit ZECUSDT | −0.0041% | 8h | 1,470.9 | −0.362% | $274.7M | $642.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.3 | −0.200% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.5 | −0.114% | $960K | $5.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.6 | −0.249% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,472.7 | −0.238% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,472.1 | −0.279% | $294K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,470.6 | −0.379% | $181.9M | $1.32B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,474.9 | −0.091% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.6 | −0.242% | $378K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,473.3 | −0.201% | $8K | $8K | 5x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,474.1 | −0.145% | $19.2M | $50.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.4 | −0.261% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472.9 | −0.224% | $13K | $835K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.5 | −0.250% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473 | −0.215% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.9 | −0.157% | $764.8M | $459.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.250% | $14.9M | $32.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.8 | −0.230% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.255% | $684.2M | $2.41B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.1 | −0.146% | $692K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,472.6 | −0.249% | $51.5M | $178.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.6 | −0.243% | $231.2M | $822.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.7 | −0.238% | $105.0M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.6 | −0.243% | $163.7M | $296.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,473.1 | −0.213% | — | $101.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.1 | −0.145% | $574K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perpshort | +0.0100% | 8h | 1,474.9 | −0.091% | $3.0M | $454K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,473.9 | −0.157% | $431K | $859K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.8 | −0.100% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.272% | $333K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.5 | −0.253% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.6 | −0.379% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.6 | −0.111% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.276% | $242K | $4.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.5 | −0.318% | $2.5M | $21.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.2 | −0.205% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.3 | −0.127% | $897K | $28K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.5 | −0.250% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.8 | −0.233% | $82K | $163K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,473.3 | −0.198% | $842K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0345% | 1h | 1,473.6 | −0.179% | $615K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,474.8 | −0.097% | $3.8M | $10.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0594% | 1h | 1,476.2 | long leg | $2.5M | $3.8M | 15x | |
| Lighter RH ZEC | +0.0760% | 1h | 1,475.2 | −0.071% | $2.0M | $8.0M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0779% | 1h | 1,474.5 | −0.115% | $44K | $48K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD