Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.024%
Price spread now: Deribit against Bulk−0.093%7-day average +0.091% · 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−$43as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 3 days (all we have)+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)+1.394%+$139 · spread now −0.093%, 7d avg +0.091%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.184% cheaper against Bulk than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.091%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.058%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk ZEC-USD | 1,455 | 0.0100 | pay 0.0013% / 1h | 51m 22s | $896K | $37K | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,453.6 | 0 | get 0.0000% / 1h | 51m 22s | $566K | $1.3M | 25x |
Bulk ZEC-USD
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bulk. 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
- −$21
- Price spread: −0.093% → +0.091%
- −$18.38
- Slippage, 4 orders
- −$10.42
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$63.8
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 37 min ago; Deribit: live order book, 3 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 Bulk live order book, 37 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | 3.6 bp −$357 | 6.5 bp −$3,255 |
| Sell Deribit live order book, 3 min ago | 4.51 bp | 8.0 bp −$8 | 14.8 bp −$148 | 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 | −0.3476% | 1h | 1,437.6 | −1.192% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.6 | −0.230% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,452.6 | −0.165% | $17.6M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,453.2 | −0.120% | $28.9M | $75.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,451.4 | −0.245% | $45.5M | $32.3M | — | as long as short |
| Bybit ZECUSDT | −0.0012% | 8h | 1,452 | −0.203% | $269.3M | $677.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.4 | −0.246% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.3 | −0.184% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.8 | −0.218% | $82K | $400K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | 0.0000% | 1h | 1,453.6 | −0.093% | $566K | $1.3M | 25x |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
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 | 1,452.7 | −0.154% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0008% | 8h | 1,452.7 | −0.155% | $291K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,453 | −0.134% | $172.1M | $1.37B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0039% / S +0.0065% | 1h | 1,452.5 | −0.172% | $543K | — | 100x | as long as short |
| Aster ZECUSDT | +0.0055% | 8h | 1,452.3 | −0.181% | $15.2M | $35.2M | 75x | as long as short |
| Gate ZEC_USDT | +0.0064% | 8h | 1,452.3 | −0.181% | $49.1M | $185.3M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,452.4 | −0.175% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0090% | 1h | 1,449.8 | −0.355% | $394K | $522K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452.3 | −0.183% | $17K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.3 | −0.183% | $177K | $2.0M | 50x | as long as short |
| MEXC ZEC_USDT | +0.0099% | 8h | 1,452.3 | −0.181% | $218.6M | $880.4M | 150x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.6 | −0.228% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.9 | −0.209% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453 | −0.135% | $751.2M | $492.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.5 | −0.235% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.5 | −0.168% | $658.8M | $2.55B | 75x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,455 | long leg | $896K | $37K | 10x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.5 | −0.168% | $103.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.8 | −0.149% | $161.9M | $316.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,452.7 | −0.153% | — | $106.9M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,451.6 | −0.228% | $2.3M | $4.2M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | −0.107% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | −0.140% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,454.1 | −0.062% | $707K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452 | −0.205% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452 | −0.203% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.184% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.6 | −0.234% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.047% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.160% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.1 | −0.194% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.9 | −0.142% | $3.7M | $5.5M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.186% | $4.6M | $1.6M | 10x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,454.4 | −0.038% | $18.8M | $53.9M | 20x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.7 | −0.153% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,452.6 | −0.164% | $862K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0312% | 1h | 1,452.9 | −0.140% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.3 | −0.047% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0464% | 1h | 1,453.2 | −0.121% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,454.1 | −0.060% | $756K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0680% | 1h | 1,454.8 | −0.010% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Popdex ZECUSDT
MEXC ZEC_USDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
Phoenix ZEC
Lighter ZEC
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC