Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.021%
Price spread now: RISEx against Bullet+0.162%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 4 days (all we have)+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)−1.889%−$189 · spread now +0.162%, 7d avg +0.020%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.141% dearer against Bullet than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet ZEC-USD | 1,499.4 | 0.0100 | pay 0.0013% / 1h | 38m 15s | $165K | $184K | 20x |
| Short | RISEx ZEC/USDC | 1,501.8 | 0.0128 | get 0.0016% / 1h | 38m 15s | $945K | $1.1M | 10x |
Bullet ZEC-USD
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Bullet. 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
- $5.78
- Price spread: +0.162% → +0.020%
- $14.14
- Slippage, 4 orders
- −$5.93
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$0.01
- Costs to cover
- 0.199%
- Break-even
- 7.0 days
Slippage from Bullet: live order book, 1 min ago; RISEx: live order book, 5 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 Bullet live order book, 1 min ago | 0.40 bp | 5.9 bp −$6 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 1.16 bp | 4.2 bp −$4 | 12.2 bp −$122 | 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 | −0.3442% | 1h | 1,504.2 | +0.319% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,499.4 | −0.003% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0166% | 8h | 1,503.7 | +0.285% | $30.9M | $75.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.5 | +0.271% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0078% | 1h | 1,501.7 | +0.150% | $48K | $59K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,503.8 | +0.294% | $418K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,502.3 | +0.192% | $1.5M | $4.4M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,499.4 | 0.000% | $685K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,499.1 | −0.021% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,498.8 | −0.039% | $18.0M | $47.2M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk ZEC-USD | +0.0021% | 1h | 1,505.9 | +0.433% | $910K | $2K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0072% | 1h | 1,500.8 | +0.093% | $411K | $563K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,498.6 | −0.051% | $302K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,505.2 | +0.386% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,500.7 | +0.085% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,502 | +0.170% | $14K | $878K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,503 | +0.242% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,501.6 | +0.146% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,500.1 | +0.047% | $783.8M | $444.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,498.6 | −0.052% | $14.0M | $31.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,503.1 | +0.247% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,498.7 | −0.048% | $701.1M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,498.3 | −0.071% | $269.7M | $623.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,498.5 | −0.063% | $184.2M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,498.4 | −0.069% | $56.2M | $183.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,498.6 | −0.052% | $237.6M | $795.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,498.7 | −0.049% | $103.2M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,499 | −0.027% | $162.0M | $290.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,498.3 | −0.072% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,503 | +0.238% | $49.1M | $34.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,503.5 | +0.276% | $575K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.6 | +0.414% | $3.1M | $507K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | +0.333% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.1 | +0.245% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,500.8 | +0.093% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,499.4 | long leg | $165K | $184K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,498.1 | −0.085% | $457K | $489K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,501.9 | +0.165% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,498.6 | −0.056% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,498.3 | −0.076% | $2.7M | $20.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,499.4 | −0.002% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,498.9 | −0.036% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,498.9 | −0.032% | $43K | $151K | 20x | as long as short |
| Lighter RH ZEC | +0.0112% | 1h | 1,500.4 | +0.069% | $2.1M | $7.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,501.2 | +0.117% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDCshort | +0.0128% | 1h | 1,501.8 | +0.162% | $945K | $1.1M | 10x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0163% / S −0.0203% | 1h | 1,499.3 | −0.006% | $436K | — | 100x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,500.3 | +0.058% | $19.8M | $45.4M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,502.5 | +0.206% | $607K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,501.5 | +0.141% | $3.7M | $10.2M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0552% | 1h | 1,499.1 | −0.020% | $2.3M | $3.9M | 15x | as long as short |
Bulk ZEC-USD
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP