Funding you earn now, next payment 22:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.003%
Price spread now: SoDEX against Bybit+0.114%7-day average +0.019% · 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−$14as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 3 days (all we have)−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)+0.566%+$57 · spread now +0.114%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.095% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,454.2 | 0.0009 | pay 0.0009% / 8h | 2h 23m | $267.5M | $677.4M | 75x |
| Short | SoDEX ZEC-USD | 1,455.8 | 0.0100 | get 0.0013% / 1h | 23m 43s | $221K | $4.7M | 10x |
Bybit ZECUSDT
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $19.13
- Price spread: +0.114% → +0.019%
- $9.55
- Slippage, 4 orders
- −$4.08
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $5.6
- Costs to cover
- 0.231%
- Break-even
- 5.0 days
Slippage from Bybit: live order book, 5 min ago; SoDEX: 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 Bybit live order book, 5 min ago | 0.03 bp | 6.0 bp −$6 | 9.5 bp −$95 | 17.7 bp −$1,768 | 35.0 bp −$17.5K |
| Sell SoDEX live order book, 5 min ago | 0.17 bp | 4.3 bp −$4 | 11.1 bp −$111 | 97.1 bp −$9,711 | 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 | −0.3476% | 1h | 1,433.1 | −1.447% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,455.1 | +0.064% | $28.6M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455.8 | +0.109% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,455.3 | +0.080% | $17.7M | $44.7M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.1 | +0.060% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,456.6 | +0.164% | $933K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,455.2 | +0.067% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,456.7 | +0.175% | $593K | $1.3M | 25x | as long as short |
| Variational Omni ZEC | +0.0005% | 8h | 1,459.3 | +0.350% | $45.7M | $33.1M | — | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.5 | +0.162% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Variational Omni ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDTlong | +0.0009% | 8h | 1,454.2 | long leg | $267.5M | $677.4M | 75x | |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,455.9 | +0.115% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0024% / S +0.0072% | 1h | 1,456.2 | +0.138% | $565K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,454.8 | +0.043% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0059% | 8h | 1,454.9 | +0.047% | $173.1M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0077% | 8h | 1,454.5 | +0.023% | $49.3M | $190.2M | 75x | as long as short |
| Aster ZECUSDT | +0.0092% | 8h | 1,455.4 | +0.083% | $15.3M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.6 | +0.031% | $13K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,455.7 | +0.102% | $18.8M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.6 | +0.031% | $172K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454.8 | +0.041% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455.5 | +0.088% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,456 | +0.125% | $752.5M | $493.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.1 | +0.060% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.6 | +0.032% | $663.2M | $2.54B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.6 | +0.304% | $395K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.631% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.6 | +0.030% | $215.7M | $896.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.3 | +0.076% | $103.0M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.7 | +0.036% | $161.0M | $313.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,454.7 | +0.032% | — | $101.3M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.2 | +0.142% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.3 | +0.218% | $490K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.6 | +0.374% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.8 | +0.314% | $455K | $800K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458.2 | +0.273% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456 | +0.125% | $347K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.8 | +0.115% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.8 | +0.040% | $442K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.175% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,455.8 | +0.114% | $221K | $4.7M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,456 | +0.125% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,455.7 | +0.107% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,460.3 | +0.424% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.2 | +0.073% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456 | +0.123% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,455.3 | +0.076% | $868K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,457.7 | +0.239% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0455% | 1h | 1,454.6 | +0.031% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,456.8 | +0.178% | $750K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0656% | 1h | 1,457.3 | +0.212% | $1.9M | $8.5M | 10x | as long as short |
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
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
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC