Funding you earn now, next payment 00:55 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.006%
Price spread now: Perpl against Bybit+0.009%7-day average −0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)+1.771%+$177 · spread now +0.009%, 7d avg −0.020%
=Together, before fees+1.677%+ Points / potential airdropPerpl: Active · farm board+$168 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.029% dearer against Bybit than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.020%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.094% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,477.5 | 0.0100 | pay 0.0100% / 8h | 6h 29m | $272.6M | $622.2M | 75x |
| Short | Perpl ZEC | 1,477.6 | 0 | get 0.0000% / 43m | 34m 56s | $84K | $258K | 10x |
Bybit ZECUSDT
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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: +0.009% → −0.020%
- $2.93
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$42.87
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Perpl: 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 Bybit live order book, 4 min ago | 0.03 bp | 5.8 bp −$6 | 7.9 bp −$79 | 18.1 bp −$1,809 | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 50 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 | −0.3678% | 1h | 1,473.5 | −0.274% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,478.6 | +0.072% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0007% | 1h | 1,471.7 | −0.393% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,477.5 | +0.002% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.8 | +0.018% | $416K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,478.4 | +0.062% | $977K | $5.0M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,477.6 | +0.009% | $84K | $258K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,477.7 | +0.010% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0027% | 8h | 1,477.2 | −0.018% | $295K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | −0.077% | $48.0M | $33.0M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,477.4 | −0.006% | $386K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,478 | +0.034% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,474.3 | −0.217% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0094% | 8h | 1,477.6 | +0.007% | $181.7M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,477.8 | +0.017% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,477 | −0.035% | $16K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,478.3 | +0.054% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,477.9 | +0.024% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,478.9 | +0.094% | $769.6M | $444.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,477.9 | +0.026% | $14.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,478.7 | +0.078% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,477.9 | +0.029% | $682.7M | $2.33B | 75x | as long as short |
| Bybit ZECUSDTlong | +0.0100% | 8h | 1,477.5 | long leg | $272.6M | $622.2M | 75x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.475% | $893K | $19K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,477.8 | +0.016% | $50.3M | $175.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,477.8 | +0.020% | $217.7M | $798.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,477.8 | +0.018% | $103.9M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,477.8 | +0.016% | $164.2M | $284.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,476.9 | −0.043% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.3 | −0.424% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473 | −0.305% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,471.9 | −0.382% | $428K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.4 | −0.076% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,477.6 | +0.006% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,477.8 | +0.021% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,475.9 | −0.108% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,480.7 | +0.219% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,477.4 | −0.007% | $244K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,477.5 | +0.001% | $2.6M | $19.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,477.9 | +0.024% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,477.7 | +0.010% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,477.3 | −0.017% | $48K | $167K | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,479.4 | +0.128% | $680K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,479 | +0.101% | $19.3M | $48.1M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0279% | 1h | 1,478.1 | +0.037% | $615K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0304% | 1h | 1,479.4 | +0.125% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,478.6 | +0.072% | $869K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,480 | +0.169% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0517% | 1h | 1,478.3 | +0.053% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0724% | 1h | 1,474.4 | −0.212% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Arcus ZEC-USD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD