Funding you earn now, next payment 00:00 UTC+0.0211%/8h= +23.1% APRnext payment +$2.11 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against Bybit+0.054%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.054%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.200%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,468.9 | −0.0111 | get 0.0111% / 8h | 30m 53s | $274.7M | $654.7M | 75x |
| Short | Binance ZECUSDT | 1,469.7 | 0.0100 | get 0.0100% / 8h | 30m 53s | $683.3M | $2.46B | 75x |
Bybit ZECUSDT
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $44.23
- Price spread: +0.054% → +0.002%
- $5.15
- Slippage, 4 orders
- −$1.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $26.84
- Costs to cover
- 0.225%
- Break-even
- 2.8 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 13 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 Bybit live order book, 3 min ago | 0.03 bp | 5.9 bp −$6 | 9.2 bp −$92 | 21.1 bp −$2,108 | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.03 bp | 5.0 bp −$5 | 6.3 bp −$63 | 14.2 bp −$1,419 | 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 | −0.3089% | 1h | 1,472.3 | +0.233% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0262% | 1h | 1,470.1 | +0.080% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,470 | +0.072% | $17.9M | $44.3M | 25x | as long as short |
| Bybit ZECUSDTlong | −0.0111% | 8h | 1,468.9 | long leg | $274.7M | $654.7M | 75x | |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,469.7 | +0.054% | $29.6M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470 | +0.075% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0057% | 8h | 1,468.8 | −0.008% | $46.8M | $33.8M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0045% | 1h | 1,470.3 | +0.097% | $431K | $841K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471 | +0.144% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.7 | +0.190% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,469.8 | +0.059% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.3 | +0.092% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0012% | 8h | 1,470.1 | +0.081% | $294K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,470.5 | +0.106% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471 | +0.140% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0026% | 1h | 1,470.8 | +0.131% | $613K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,469.5 | +0.042% | $180.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,469.7 | +0.056% | $50.7M | $186.4M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.3 | +0.093% | $371K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,471.4 | +0.169% | $19.1M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.2 | +0.084% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,469.3 | +0.025% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.6 | +0.046% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.3 | +0.097% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.8 | +0.126% | $762.3M | $474.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.5 | +0.036% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.3 | +0.096% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,469.7 | +0.054% | $683.3M | $2.46B | 75x | |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.9 | +0.205% | $720K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.283% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.8 | +0.059% | $231.4M | $837.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.8 | +0.062% | $103.5M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470 | +0.075% | $162.8M | $301.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,469.2 | +0.017% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.1 | +0.080% | $513K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.2 | +0.087% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.8 | +0.130% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.8 | +0.060% | $344K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.1 | +0.080% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.5 | −0.029% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.4 | +0.236% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470 | +0.074% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.7 | +0.051% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.3 | +0.091% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470 | +0.074% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.1 | +0.077% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,470.8 | +0.126% | $825K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0417% | 1h | 1,470.5 | +0.108% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.3 | +0.227% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0488% | 1h | 1,472.2 | +0.223% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0703% | 1h | 1,471.5 | +0.176% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD