Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Bulk against Binance−0.038%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Funding, last 4 days (all we have)−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.038%, 7d avg −0.022%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZECUSDT | 1,450 | 0.0100 | pay 0.0100% / 8h | 4h 53m | $665.1M | $2.21B | 75x |
| Short | Bulk ZEC-USD | 1,449.4 | 0.0100 | get 0.0013% / 1h | 53m 38s | $876K | $23K | 10x |
Binance ZECUSDT
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Binance. 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
- Price spread: −0.038% → −0.022%
- −$1.66
- Slippage, 4 orders
- −$0.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$18.97
- Costs to cover
- 0.173%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bulk: live order book, 5 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 Binance live order book, 5 min ago | 0.03 bp | 5.0 bp −$5 | 6.4 bp −$64 | 13.0 bp −$1,304 | doesn't fit |
| Sell Bulk live order book, 5 min ago | 0.03 bp | 3.5 bp −$4 | 3.5 bp −$35 | 9.1 bp −$905 | 18.3 bp −$9,159 |
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 | −0.3166% | 1h | 1,451.5 | +0.102% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450 | +0.004% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0077% | 8h | 1,449.8 | −0.011% | $29.3M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.3 | −0.049% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,449.8 | −0.015% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,449.8 | −0.016% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,449.8 | −0.016% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0057% | 8h | 1,449.8 | −0.011% | $290K | $958K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0063% / S −0.0014% | 1h | 1,449.7 | −0.016% | $407K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,451.4 | +0.098% | $4.6M | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,450 | −0.001% | $8K | $7K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,449.9 | −0.008% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,449.3 | −0.047% | $9K | $870K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.8 | −0.012% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,449.4 | −0.042% | $2.5M | $6.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,449.5 | −0.035% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,450.1 | +0.008% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDTlong | +0.0100% | 8h | 1,450 | long leg | $665.1M | $2.21B | 75x | |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.2 | −0.054% | $261.6M | $602.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,449.9 | −0.009% | $177.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.089% | $395K | $449K | 5x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,449.4 | −0.038% | $876K | $23K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,449.5 | −0.033% | $49.8M | $171.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,449.9 | −0.005% | $213.4M | $767.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.8 | −0.012% | $102.0M | $55.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450 | 0.000% | $161.9M | $272.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,449.6 | −0.030% | — | $98.3M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.9 | +0.064% | $2.5M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,451.4 | +0.097% | $47.5M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,448.5 | −0.105% | $564K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.4 | +0.168% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450 | −0.001% | $408K | $912K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.6 | +0.044% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.6 | −0.027% | $366K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,449.9 | −0.003% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,448.7 | −0.087% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452.7 | +0.190% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450 | +0.001% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449.2 | −0.055% | $2.6M | $18.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,449.7 | −0.020% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.4 | −0.038% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.4 | −0.040% | $47K | $151K | 20x | as long as short |
| Hyperliquid ZEC | +0.0107% | 1h | 1,451.2 | +0.084% | $754.9M | $434.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0278% | 1h | 1,449.8 | −0.009% | $17.9M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0304% | 1h | 1,451.3 | +0.094% | $19.1M | $45.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0308% | 1h | 1,450.5 | +0.032% | $609K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,450.3 | +0.019% | $830K | $1.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,451.8 | +0.125% | $2.0M | $6.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,451.8 | +0.125% | $3.7M | $8.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,451.8 | +0.124% | $725K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0674% | 1h | 1,451 | +0.070% | $44K | $49K | 10x | as long as short |
01 Exchange ZECUSD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Hyperliquid ZEC
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD