Funding you earn now, next payment 00:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h −0.006%
Price spread now: Bulk against Deribit+0.137%7-day average −0.093% · 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$0as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 3 days (all we have)−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)−1.309%−$131 · spread now +0.137%, 7d avg −0.093%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.230% dearer against Deribit than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 3 days funding on this pair cost −0.054%, 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 | Deribit ZEC_USDC-PERPETUAL | 1,471.1 | 0.0065 | pay 0.0008% / 1h | 31m 25s | $614K | $1.3M | 25x |
| Short | Bulk ZEC-USD | 1,473.1 | 0.0100 | get 0.0013% / 1h | 31m 25s | $909K | $26K | 10x |
Deribit ZEC_USDC-PERPETUAL
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Deribit. 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
- $7.31
- Price spread: +0.137% → −0.093%
- $22.96
- Slippage, 4 orders
- −$8.84
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $7.43
- Costs to cover
- 0.228%
- Break-even
- from the start
Slippage from Deribit: live order book, 3 min ago; Bulk: live order book, 48 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 Deribit live order book, 3 min ago | 3.60 bp | 8.7 bp −$9 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 48 min ago | 0.03 bp | 3.5 bp −$4 | 3.5 bp −$35 | 4.0 bp −$402 | 6.6 bp −$3,297 |
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 | 1,474.7 | +0.248% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0262% | 1h | 1,470.1 | −0.065% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,470 | −0.073% | $17.9M | $44.3M | 25x | as long as short |
| Bybit ZECUSDT | −0.0111% | 8h | 1,469 | −0.138% | $274.7M | $654.7M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,469.8 | −0.088% | $29.6M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470 | −0.070% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0051% | 8h | 1,469.5 | −0.107% | $47.0M | $33.7M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0045% | 1h | 1,470.3 | −0.049% | $431K | $841K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471 | −0.002% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.8 | −0.083% | $901K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
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 | −0.087% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.5 | −0.040% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0012% | 8h | 1,470.1 | −0.064% | $294K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,470.5 | −0.040% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471 | −0.006% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,469.7 | −0.093% | $180.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,470.1 | −0.067% | $50.7M | $186.4M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.4 | −0.043% | $371K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0065% | 1h | 1,471.1 | long leg | $614K | $1.3M | 25x | |
| Lighter ZEC | +0.0096% | 1h | 1,471.5 | +0.032% | $19.1M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.2 | −0.061% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,469.3 | −0.121% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.6 | −0.099% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.3 | −0.048% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471 | −0.004% | $762.4M | $474.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.6 | −0.099% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.3 | −0.049% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470 | −0.070% | $683.4M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.9 | +0.060% | $720K | $8.3M | 10x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,473.1 | +0.137% | $909K | $26K | 10x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.7 | −0.092% | $232.4M | $837.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.8 | −0.086% | $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 | 1,469.5 | −0.108% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.1 | −0.065% | $513K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.2 | −0.058% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.015% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.085% | $344K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.1 | −0.066% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.6 | −0.170% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.7 | +0.113% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.7 | −0.091% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.7 | −0.094% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.4 | −0.047% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.3 | −0.049% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.2 | −0.058% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,470.8 | −0.019% | $825K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0419% | 1h | 1,470.8 | −0.021% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.3 | +0.081% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0488% | 1h | 1,472 | +0.067% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0700% | 1h | 1,472 | +0.064% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
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
Binance ZECUSDT
Arcus 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