Funding you earn now, next payment 22:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.002%
Price spread now: Orderly against Bulk−0.079%7-day average +0.035% · 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)−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)+1.286%+$129 · spread now −0.079%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.114% cheaper against Bulk than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk ZEC-USD | 1,454.9 | 0.0100 | pay 0.0013% / 1h | 53m 09s | $896K | $37K | 10x |
| Short | Orderly PERP_ZEC_USDC | 1,453.7 | 0.0007 | get 0.0007% / 8h | 2h 53m | $291K | $1.5M | 20x |
Bulk ZEC-USD
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$19.58
- Price spread: −0.079% → +0.035%
- −$11.43
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$44.01
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 36 min ago; Orderly: 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, 36 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | 3.6 bp −$357 | 6.5 bp −$3,255 |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 1,437.6 | −1.188% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.1 | −0.260% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,453.2 | −0.117% | $17.6M | $44.7M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0067% | 8h | 1,453.9 | −0.069% | $29.0M | $75.8M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,451.4 | −0.241% | $45.5M | $32.3M | — | as long as short |
| Bybit ZECUSDT | −0.0014% | 8h | 1,453.6 | −0.091% | $269.2M | $677.3M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.6 | −0.089% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.3 | −0.107% | $850K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.5 | −0.096% | $82K | $400K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,454.6 | −0.023% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDCshort | +0.0007% | 8h | 1,453.7 | −0.079% | $291K | $1.5M | 20x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.2 | −0.045% | $5.1M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,454.1 | −0.056% | $172.2M | $1.37B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0040% / S +0.0062% | 1h | 1,454 | −0.064% | $536K | — | 100x | as long as short |
| Aster ZECUSDT | +0.0054% | 8h | 1,453.9 | −0.069% | $15.1M | $35.3M | 75x | as long as short |
| Gate ZEC_USDT | +0.0063% | 8h | 1,454.1 | −0.054% | $49.3M | $185.1M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,453.8 | −0.078% | $17K | $886K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0095% | 8h | 1,454.1 | −0.058% | $218.8M | $879.7M | 150x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.6 | −0.089% | $177K | $2.0M | 50x | as long as short |
| Binance ZECUSDT | +0.0097% | 8h | 1,454 | −0.061% | $659.5M | $2.55B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0098% | 1h | 1,449.8 | −0.350% | $393K | $522K | 5x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.9 | −0.065% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,454 | −0.060% | $3.0M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.8 | −0.007% | $752.3M | $492.6M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.7 | −0.081% | $1.6M | $3.1M | 10x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,454.9 | long leg | $896K | $37K | 10x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454 | −0.063% | $103.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.1 | −0.055% | $162.1M | $317.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,453.3 | −0.110% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,454.8 | −0.006% | $2.3M | $4.2M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.8 | −0.074% | $488K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | −0.135% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.5 | −0.301% | $705K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451 | −0.267% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.5 | −0.095% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454 | −0.061% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.5 | −0.165% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.121% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,453.4 | −0.100% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453 | −0.130% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.5 | −0.099% | $3.7M | $5.5M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.181% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,454 | −0.064% | $8K | $8K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.5 | −0.093% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,455.3 | +0.026% | $18.8M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.6 | −0.021% | $863K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0352% | 1h | 1,453.9 | −0.065% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,455.2 | +0.023% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0464% | 1h | 1,454.1 | −0.055% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,456 | +0.076% | $754K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0664% | 1h | 1,455.5 | +0.039% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Aster ZECUSDT
Gate ZEC_USDT
Katana Perps ZEC-USD
MEXC ZEC_USDT
Popdex ZECUSDT
Binance ZECUSDT
Ondo Perps ZEC-USD.P
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC