Funding you earn now, next payment 02:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h −0.006%
Price spread now: Deribit against BingX+0.079%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 3 days (all we have)+0.241%+$24 · spread now +0.079%, 7d avg +0.131%
=Funding pays, the price is against you. Deribit is 0.052% cheaper against BingX than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.131%). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZEC-USDC | 1,465.8 | 0.0100 | pay 0.0100% / 8h | 6h 07m | — | $6.7M | — |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,467 | 0.0190 | get 0.0024% / 1h | 7m 00s | $610K | $1.3M | 25x |
BingX ZEC-USDC
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- $18.83
- Price spread: +0.079% → +0.131%
- −$5.24
- Slippage, 4 orders
- −$19.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.01
- Costs to cover
- 0.366%
- Break-even
- 15.6 days
Slippage from BingX: live order book, 15 min ago; Deribit: 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 BingX live order book, 15 min ago | 1.15 bp | 8.2 bp −$8 | 14.1 bp −$141 | 34.8 bp −$3,483 | 85.7 bp −$42.8K |
| Sell Deribit live order book, 2 min ago | 5.18 bp | 9.9 bp −$10 | 16.0 bp −$160 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3678% | 1h | 1,456 | −0.667% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.1 | +0.089% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0041% | 1h | 1,467.9 | +0.143% | $399K | $502K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,466.6 | +0.052% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.1 | +0.023% | $413K | $51K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467 | +0.081% | $971K | $4.8M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466 | +0.016% | $84K | $251K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.2 | +0.029% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0031% | 8h | 1,466 | +0.014% | $293K | $992K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,466.1 | +0.023% | $383K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,466.6 | +0.055% | $8K | $8K | 5x | as long as short |
| Variational Omni ZEC | +0.0067% | 8h | 1,470.6 | +0.329% | $48.0M | $32.8M | — | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,470 | +0.286% | $4.6M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0094% | 8h | 1,466.9 | +0.072% | $180.4M | $1.25B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.1 | +0.022% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466.2 | +0.024% | $12K | $841K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.2 | +0.029% | $60K | $40K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.8 | +0.069% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.7 | +0.130% | $764.6M | $434.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.3 | +0.031% | $14.8M | $29.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.7 | +0.064% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.7 | +0.063% | $678.3M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466.4 | +0.038% | $271.3M | $612.6M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.476% | $894K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,466.5 | +0.047% | $50.1M | $176.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.6 | +0.053% | $215.7M | $802.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.6 | +0.057% | $103.1M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.8 | +0.066% | $162.9M | $279.9M | 75x | as long as short |
| BingX ZEC-USDClong | +0.0100% | 8h | 1,465.8 | long leg | — | $6.7M | — | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.8 | +0.207% | $571K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.5 | +0.117% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,468 | +0.152% | $427K | $884K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.099% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466 | +0.014% | $343K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466 | +0.016% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.7 | −0.075% | $455K | $512K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.2 | +0.165% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.2 | +0.027% | $242K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.4 | +0.040% | $2.5M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.1 | +0.087% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.4 | +0.044% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466 | +0.015% | $48K | $158K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0190% | 1h | 1,467 | +0.079% | $610K | $1.3M | 25x | |
| Lighter ZEC | +0.0232% | 1h | 1,468 | +0.153% | $19.2M | $48.3M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468.6 | +0.193% | $700K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,468.3 | +0.173% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,467 | +0.083% | $852K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0427% | 1h | 1,467.1 | +0.088% | $2.4M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,468.2 | +0.166% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0738% | 1h | 1,469.9 | +0.280% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Variational Omni ZEC
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
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
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD