Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.013%
Price spread now: Bulk against Bybit+0.003%7-day average −0.009% · 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−$18as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 3 days (all we have)−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.003%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,454.9 | −0.0016 | get 0.0016% / 8h | 2h 55m | $269.0M | $677.0M | 75x |
| Short | Bulk ZEC-USD | 1,454.9 | 0.0100 | get 0.0013% / 1h | 55m 19s | $896K | $37K | 10x |
Bybit ZECUSDT
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $24.4
- Price spread: +0.003% → −0.009%
- $1.19
- Slippage, 4 orders
- −$1.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $6.24
- Costs to cover
- 0.194%
- Break-even
- 5.2 days
Slippage from Bybit: live order book, 4 min ago; Bulk: live order book, 33 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, 4 min ago | 0.03 bp | 6.5 bp −$6 | 8.4 bp −$84 | 17.5 bp −$1,753 | 38.3 bp −$19.1K |
| Sell Bulk live order book, 33 min ago | 0.07 bp | 3.6 bp −$4 | 3.9 bp −$39 | 8.6 bp −$858 | 18.5 bp −$9,234 |
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 | 1,454.5 | −0.024% | $34K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452 | −0.197% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,452 | −0.198% | $17.6M | $44.9M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0059% | 8h | 1,450.1 | −0.324% | $29.1M | $76.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,451.4 | −0.238% | $45.5M | $32.3M | — | as long as short |
| Bybit ZECUSDTlong | −0.0016% | 8h | 1,454.9 | long leg | $269.0M | $677.0M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.4 | −0.100% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.5 | −0.094% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.7 | −0.082% | $82K | $400K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0006% | 8h | 1,455.4 | +0.036% | $292K | $1.5M | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDCShow 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 | 1,455.5 | +0.044% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0034% | 8h | 1,455 | +0.013% | $172.8M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,454 | −0.061% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0041% / S +0.0061% | 1h | 1,455.3 | +0.029% | $536K | — | 100x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,450.4 | −0.308% | $4.6M | $1.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0050% | 8h | 1,453.5 | −0.092% | $15.1M | $35.3M | 75x | as long as short |
| Gate ZEC_USDT | +0.0066% | 8h | 1,454.9 | 0.000% | $49.3M | $184.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0094% | 8h | 1,454.9 | +0.002% | $216.8M | $878.0M | 150x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.2 | −0.042% | $17K | $886K | 10x | as long as short |
| Binance ZECUSDT | +0.0096% | 8h | 1,455.2 | +0.027% | $662.2M | $2.55B | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.1 | −0.049% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453 | −0.127% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455 | +0.013% | $3.0M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.6 | +0.052% | $754.1M | $509.1M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.6 | −0.088% | $1.6M | $3.1M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.9 | −0.340% | $393K | $522K | 5x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,454.9 | +0.003% | $896K | $37K | 10x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.3 | −0.040% | $103.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,455 | +0.010% | $162.6M | $316.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,455.3 | +0.028% | — | $108.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.7 | −0.146% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | −0.273% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.2 | −0.179% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.5 | −0.298% | $705K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.1 | −0.256% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.8 | −0.003% | $299K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.1 | +0.019% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451 | −0.262% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.056% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.173% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.8 | −0.142% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.203% | $3.7M | $5.5M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.5 | +0.047% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,454.6 | −0.018% | $18.8M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.1 | −0.053% | $863K | $2.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0287% | 1h | 1,453.4 | −0.103% | $568K | $1.3M | 25x | as long as short |
| Extended ZEC-USD | +0.0432% | 1h | 1,453.4 | −0.101% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.1 | −0.053% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0463% | 1h | 1,454.4 | −0.034% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,455.4 | +0.037% | $754K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0624% | 1h | 1,455.4 | +0.038% | $2.0M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Aster ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
Katana Perps ZEC-USD
Binance ZECUSDT
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Ondo Perps ZEC-USD.P
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
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC