Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.022%
Price spread now: Derive against Bulk+0.081%7-day average −0.052% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)+0.452%+$45 · spread now +0.081%, 7d avg −0.052%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.133% dearer against Bulk than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.052%.
| 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 | 14m 38s | $896K | $26K | 10x |
| Short | Derive ZEC-PERP | 1,456.2 | 0.0100 | get 0.0013% / 1h | 14m 38s | $443K | $498K | 6.7x |
Bulk ZEC-USD
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $0
- Price spread: +0.081% → −0.052%
- $13.3
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $0.3
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Bulk: live order book, 9 min ago; Derive: 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 Bulk live order book, 9 min ago | 0.31 bp | 3.8 bp −$4 | 3.8 bp −$38 | 6.0 bp −$603 | 12.1 bp −$6,061 |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.3476% | 1h | 1,433.1 | −1.502% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0085% | 8h | 1,457.2 | +0.148% | $28.7M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.1 | +0.142% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,457.4 | +0.166% | $17.7M | $44.6M | 25x | as long as short |
| Bybit ZECUSDT | −0.0009% | 8h | 1,455.7 | +0.052% | $268.7M | $677.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.2 | +0.151% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.6 | +0.251% | $934K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,457 | +0.137% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,458 | +0.209% | $593K | $1.3M | 25x | as long as short |
| Variational Omni ZEC | +0.0002% | 8h | 1,456.6 | +0.110% | $45.6M | $33.4M | — | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Variational Omni 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 | 1,457.7 | +0.189% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,457.4 | +0.168% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0019% / S +0.0072% | 1h | 1,457.6 | +0.178% | $557K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,456.8 | +0.123% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0057% | 8h | 1,456.4 | +0.094% | $173.8M | $1.36B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0064% | 1h | 1,452.8 | −0.151% | $395K | $519K | 5x | as long as short |
| Gate ZEC_USDT | +0.0069% | 8h | 1,456.5 | +0.100% | $49.3M | $190.8M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,456.7 | +0.119% | $15K | $866K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,457.8 | +0.193% | $18.8M | $54.7M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.4 | +0.098% | $173K | $2.0M | 50x | as long as short |
| Aster ZECUSDT | +0.0096% | 8h | 1,456.6 | +0.113% | $15.3M | $34.0M | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456.2 | +0.083% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.4 | +0.165% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,457.6 | +0.179% | $753.7M | $495.1M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,456.8 | +0.122% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.4 | +0.099% | $665.0M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.5 | +0.103% | $217.7M | $898.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.8 | +0.122% | $103.0M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.6 | +0.109% | $161.3M | $312.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,455.1 | +0.006% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,458.3 | +0.225% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.2 | +0.014% | $489K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.7 | +0.120% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.7 | +0.116% | $428K | $814K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,457.7 | +0.188% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.9 | +0.131% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.3 | +0.157% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,456.2 | +0.081% | $443K | $498K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.5 | +0.313% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.4 | +0.164% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.2 | +0.148% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.5 | +0.175% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,455 | long leg | $896K | $26K | 10x | |
| Phoenix ZEC | +0.0103% | 1h | 1,457.5 | +0.172% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,456.9 | +0.129% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.5 | +0.170% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,457.2 | +0.149% | $856K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,459.2 | +0.292% | $3.8M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0464% | 1h | 1,457.2 | +0.152% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,458.3 | +0.226% | $749K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0616% | 1h | 1,458.5 | +0.241% | $1.9M | $8.5M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Aster ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC