Funding you earn now, next payment 02:00 UTC−0.0143%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h +0.011%
Price spread now: Derive against Deribit−0.154%7-day average −0.135% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.154%, 7d avg −0.135%
=The price spread sits at its 7-day average of −0.135%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,477.6 | 0.0243 | pay 0.0030% / 1h | 30m 45s | $615K | $1.3M | 25x |
| Short | Derive ZEC-PERP | 1,475.3 | 0.0100 | get 0.0013% / 1h | 30m 45s | $459K | $510K | 6.7x |
Deribit ZEC_USDC-PERPETUAL
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$30.07
- Price spread: −0.154% → −0.135%
- −$1.91
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$44.98
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 3 min ago; Derive: 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 Deribit live order book, 3 min ago | 5.30 bp | 8.8 bp −$9 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.280% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,477 | −0.040% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0007% | 1h | 1,471.7 | −0.399% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,477 | −0.044% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.8 | +0.012% | $416K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477.8 | +0.013% | $977K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,477.3 | −0.018% | $84K | $258K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,476.9 | −0.048% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0027% | 8h | 1,476.8 | −0.054% | $295K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | −0.083% | $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
Perpl ZEC
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 | 1,476.8 | −0.055% | $386K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,478.2 | +0.040% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,474.3 | −0.223% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0095% | 8h | 1,478 | +0.029% | $181.8M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,477.5 | −0.007% | $174K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,477.1 | −0.033% | $16K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,478.3 | +0.048% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,477.7 | +0.009% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,479.4 | +0.122% | $769.9M | $444.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,478.4 | +0.054% | $14.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,478.7 | +0.072% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,478.6 | +0.067% | $683.0M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,478.2 | +0.040% | $272.7M | $622.4M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.482% | $893K | $19K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,478.2 | +0.042% | $50.2M | $175.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,478.5 | +0.061% | $218.2M | $798.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,478.4 | +0.053% | $104.0M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,478.3 | +0.048% | $164.3M | $284.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,477.4 | −0.011% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.3 | −0.430% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473 | −0.311% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,471.9 | −0.388% | $428K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.4 | −0.082% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,477.4 | −0.014% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,477.1 | −0.035% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,475.3 | −0.154% | $459K | $510K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,479.9 | +0.153% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,476.8 | −0.053% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,476.2 | −0.097% | $2.6M | $19.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,477.2 | −0.025% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,478.1 | +0.033% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,476.9 | −0.046% | $48K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0243% | 1h | 1,477.6 | long leg | $615K | $1.3M | 25x | |
| Arcus ZEC-USD | +0.0254% | 1h | 1,479.4 | +0.122% | $680K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,479.8 | +0.151% | $19.3M | $48.1M | 20x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,480.1 | +0.168% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,478.1 | +0.037% | $868K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,478.9 | +0.087% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0515% | 1h | 1,477.9 | +0.020% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0721% | 1h | 1,473.4 | −0.284% | $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
Bybit 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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD