Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.034%
Price spread now: Deribit against Bybit−0.062%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.062%, 7d avg +0.081%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.143% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.081%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,501.4 | 0.0100 | pay 0.0100% / 8h | 46m 37s | $269.1M | $623.7M | 75x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,500.5 | 0 | get 0.0000% / 1h | 46m 37s | $685K | $1.4M | 25x |
Bybit ZECUSDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: −0.062% → +0.081%
- −$14.29
- Slippage, 4 orders
- −$13.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$67.17
- Costs to cover
- 0.319%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Deribit: live order book, 2 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 | 7.4 bp −$7 | 9.5 bp −$95 | 19.9 bp −$1,994 | doesn't fit |
| Sell Deribit live order book, 2 min ago | 5.27 bp | 8.8 bp −$9 | doesn't fit | 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 | 1,495.7 | −0.382% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,499.1 | −0.154% | $61K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0165% | 8h | 1,500 | −0.093% | $31.0M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,500 | −0.099% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0063% | 1h | 1,496.3 | −0.339% | $48K | $59K | 10x | as long as short |
| Bulk ZEC-USD | −0.0053% | 1h | 1,497 | −0.293% | $904K | $2K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,501.2 | −0.016% | $417K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,500.2 | −0.083% | $1.5M | $4.5M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | 0.0000% | 1h | 1,500.5 | −0.062% | $685K | $1.4M | 25x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,500 | −0.095% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,500.2 | −0.085% | $18.1M | $46.5M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,499.7 | −0.117% | $302K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,499.7 | −0.113% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,500 | −0.097% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,502.1 | +0.044% | $14K | $879K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,501.8 | +0.027% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,500.1 | −0.086% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,502.2 | +0.051% | $784.8M | $444.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,501.3 | −0.007% | $14.1M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,502.1 | +0.047% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,502 | +0.040% | $701.9M | $2.31B | 75x | as long as short |
| Bybit ZECUSDTlong | +0.0100% | 8h | 1,501.4 | long leg | $269.1M | $623.7M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,502 | +0.035% | $182.8M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,498.6 | −0.188% | $410K | $557K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,501.9 | +0.031% | $55.8M | $182.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502.1 | +0.044% | $249.9M | $789.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,501.9 | +0.028% | $103.4M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,502.1 | +0.043% | $162.1M | $289.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,501.3 | −0.012% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,496.6 | −0.322% | $49.0M | $35.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,498.5 | −0.198% | $573K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,497.2 | −0.283% | $3.1M | $507K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,498 | −0.232% | $412K | $948K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,498.8 | −0.176% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,499.7 | −0.115% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,499.9 | −0.099% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,499 | −0.161% | $458K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,502.2 | +0.052% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,500 | −0.093% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,498.9 | −0.170% | $2.7M | $20.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,500.3 | −0.077% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,502 | +0.040% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,500 | −0.093% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,500.5 | −0.065% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,502.3 | +0.059% | $945K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0136% | 1h | 1,503.5 | +0.139% | $2.1M | $7.3M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0157% / S −0.0177% | 1h | 1,499.8 | −0.106% | $447K | — | 100x | as long as short |
| Lighter ZEC | +0.0312% | 1h | 1,502.7 | +0.084% | $19.7M | $45.0M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,502.5 | +0.071% | $615K | $8.7M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,501.9 | +0.029% | $3.7M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0492% | 1h | 1,500 | −0.093% | $2.3M | $3.9M | 15x | as long as short |
Kraken Futures PF_ZECUSD
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
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
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
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Lighter RH ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP