Funding you earn now, next payment 22:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h +0.013%
Price spread now: GMX against Bulk−0.145%46s7-day average +0.052% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.065%−$6 on $10k
+Price spread, last 3 days (all we have)+0.497%+$50 · spread now −0.145%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.197% cheaper against Bulk than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.052%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 46m 31s | $896K | $37K | 10x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,452.8 | L +0.0037% / S +0.0066% | pay 0.0008% / 1h | 46m 31s | $543K | — | 100x |
Bulk ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$34.84
- Price spread: −0.145% → +0.052%
- −$19.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$73.57
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 42 min ago; GMX: 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, 42 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | 3.6 bp −$357 | 6.5 bp −$3,255 |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | 1,437.8 | −1.179% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.2 | −0.190% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451.8 | −0.214% | $17.6M | $44.4M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,453 | −0.133% | $28.9M | $75.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | −0.224% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDT | −0.0007% | 8h | 1,451.3 | −0.251% | $268.7M | $675.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.8 | −0.216% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.9 | −0.070% | $846K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.7 | −0.085% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,453.2 | −0.118% | $566K | $1.3M | 25x | as long as short |
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 ZEC
Deribit ZEC_USDC-PERPETUALShow 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 | 1,453.2 | −0.120% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,452.7 | −0.157% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0037% / S +0.0066% | 1h | 1,452.8 | −0.145% | $543K | — | 100x | |
| OKX ZEC-USDT-SWAP | +0.0042% | 8h | 1,451.8 | −0.219% | $171.9M | $1.36B | 50x | as long as short |
| Aster ZECUSDT | +0.0062% | 8h | 1,452.3 | −0.183% | $15.3M | $35.1M | 75x | as long as short |
| Gate ZEC_USDT | +0.0065% | 8h | 1,452.1 | −0.199% | $49.1M | $185.6M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,452.7 | −0.155% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0089% | 1h | 1,452.8 | −0.148% | $394K | $518K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452.9 | −0.139% | $17K | $879K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,453.7 | −0.087% | $18.7M | $53.9M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.2 | −0.191% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.2 | −0.188% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.6 | −0.095% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,452.7 | −0.155% | $751.3M | $494.3M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,452.6 | −0.161% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.2 | −0.189% | $658.5M | $2.53B | 75x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,455 | long leg | $896K | $37K | 10x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.3 | −0.183% | $218.9M | $882.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.2 | −0.192% | $103.6M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.1 | −0.194% | $161.8M | $314.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,452 | −0.203% | — | $107.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.2 | −0.188% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | −0.104% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454.1 | −0.060% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | −0.159% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.3 | −0.048% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.2 | −0.121% | $298K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.160% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.5 | −0.239% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.118% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.2 | −0.190% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.3 | −0.114% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.211% | $3.7M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,453.6 | −0.091% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.8 | −0.147% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,453.1 | −0.127% | $862K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0232% | 1h | 1,452.5 | −0.168% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.7 | −0.016% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0459% | 1h | 1,453.7 | −0.083% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,454.5 | −0.030% | $754K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0728% | 1h | 1,454.1 | −0.060% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
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
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC