Funding you earn now, next payment 01:00 UTC−0.0725%/8h= −79.4% APRnext payment −$0.91 per $10,000 · paid last 24h −0.031%
Price spread now: Ondo Perps against Backpack−0.217%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.217%, 7d avg −0.051%
=Together, before fees+0.517%+ Points / potential airdropOndo Perps: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Ondo Perps is 0.167% cheaper against Backpack than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.338%, 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 0.338% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.91 per $10,000. 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 | 1,473.1 | 0.0590 | pay 0.0074% / 1h | 43m 32s | $2.5M | $3.8M | 15x |
| Short | Ondo Perps ZEC-USD.P | 1,469.9 | −0.0134 | pay 0.0017% / 1h | 43m 32s | $400K | $518K | 5x |
Backpack ZEC_USDC_PERP
Ondo Perps ZEC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$152.23
- Price spread: −0.217% → −0.051%
- −$16.67
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$183.89
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 1 min ago; Ondo Perps: no order-book sample. 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 Backpack live order book, 1 min ago | 0.03 bp | 5.5 bp −$5 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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 | −0.3321% | 1h | 1,475.3 | +0.152% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,472.4 | −0.050% | $17.9M | $43.2M | 25x | as long as short |
| Ondo Perps ZEC-USD.Pshort | −0.0134% | 1h | 1,469.9 | −0.217% | $400K | $518K | 5x | |
| BloFin ZEC-USDT | −0.0103% | 8h | 1,475.7 | +0.179% | $29.7M | $74.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | −0.067% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0059% | 8h | 1,473.5 | +0.026% | $47.7M | $34.4M | — | as long as short |
| Bybit ZECUSDT | −0.0035% | 8h | 1,471.1 | −0.134% | $274.8M | $641.9M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.8 | −0.154% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.5 | +0.098% | $960K | $5.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.6 | −0.037% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
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 | −0.026% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,472.1 | −0.068% | $294K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,471.6 | −0.101% | $181.8M | $1.32B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,474.9 | +0.121% | $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 | −0.031% | $378K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,472.4 | −0.047% | $8K | $8K | 5x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.3 | +0.012% | $19.2M | $50.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.6 | −0.103% | $174K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.3 | −0.119% | $60K | $39K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,471.5 | −0.111% | $14K | $841K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.7 | −0.030% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.2 | +0.007% | $764.5M | $459.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.6 | −0.104% | $14.9M | $32.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472 | −0.074% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.6 | −0.104% | $683.8M | $2.41B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.9 | −0.012% | $695K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,471.7 | −0.098% | $51.5M | $178.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.5 | −0.111% | $231.3M | $822.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.5 | −0.106% | $105.0M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.5 | −0.108% | $163.7M | $295.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,471.5 | −0.112% | — | $100.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.6 | +0.102% | $574K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.4 | +0.020% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,475.9 | +0.189% | $432K | $859K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.3 | +0.012% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.061% | $333K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.5 | −0.041% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.6 | −0.168% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.6 | +0.100% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.065% | $242K | $4.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.5 | −0.107% | $2.5M | $21.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.2 | +0.006% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.3 | +0.084% | $897K | $28K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.4 | −0.114% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.8 | −0.022% | $82K | $163K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,472.2 | −0.064% | $841K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0345% | 1h | 1,473.6 | +0.033% | $615K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,474.8 | +0.115% | $3.8M | $10.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0590% | 1h | 1,473.1 | long leg | $2.5M | $3.8M | 15x | |
| Lighter RH ZEC | +0.0760% | 1h | 1,473.8 | +0.050% | $2.0M | $8.0M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0779% | 1h | 1,474.5 | +0.097% | $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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
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
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD