Funding you earn now, next payment 23:00 UTC−0.0246%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.023%
Price spread now: dYdX against Deribit−0.044%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1081.078% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 3 days (all we have)−0.450%−$45 · spread now −0.044%, 7d avg −0.071%
=The price spread pays, funding is against you. dYdX is 0.027% dearer against Deribit than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.071%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,464.8 | 0.0246 | pay 0.0031% / 1h | 34m 35s | $596K | $1.3M | 25x |
| Short | dYdX ZEC-USD | 1,464.1 | 0 | get 0.0000% / 1h | 34m 35s | $412K | $106K | 5x |
Deribit ZEC_USDC-PERPETUAL
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$51.68
- Price spread: −0.044% → −0.071%
- $2.7
- Slippage, 4 orders
- −$90.82
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$156.79
- Costs to cover
- 1.078%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 min ago; dYdX: live order book, 50 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, 4 min ago | 5.98 bp | 9.5 bp −$9 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 50 min ago | 38.64 bp | 44.1 bp −$44 | 48.4 bp −$484 | 103.4 bp −$10.3K | 412.9 bp −$206.4K |
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 | −0.3310% | 1h | 1,448.2 | −1.130% | $33K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,463.9 | −0.060% | $17.8M | $44.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0214% | 1h | 1,459.3 | −0.375% | $396K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0089% | 8h | 1,463.7 | −0.072% | $29.3M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,463.8 | −0.067% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0051% | 8h | 1,461.6 | −0.216% | $270.7M | $673.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0025% | 8h | 1,460.9 | −0.263% | $46.5M | $34.0M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0024% | 1h | 1,463.5 | −0.090% | $430K | $820K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L −0.0017% / S +0.0093% | 1h | 1,464.5 | −0.020% | $541K | — | 100x | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,464.1 | −0.044% | $412K | $106K | 5x |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462.8 | −0.135% | $885K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,462.9 | −0.131% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.7 | −0.005% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,464 | −0.055% | $292K | $1.5M | 20x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.084% | $905K | $27K | 10x | as long as short |
| Gate ZEC_USDT | +0.0047% | 8h | 1,463.1 | −0.114% | $50.0M | $184.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0048% | 8h | 1,462.3 | −0.170% | $175.8M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,462.4 | −0.162% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,461.4 | −0.234% | $4.6M | $1.6M | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,464.9 | +0.009% | $19.0M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,462.4 | −0.165% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,462.8 | −0.135% | $14K | $862K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463 | −0.119% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.7 | −0.078% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,463.2 | −0.109% | $758.4M | $484.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463 | −0.123% | $15.6M | $33.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.7 | −0.077% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,462.3 | −0.169% | $673.9M | $2.49B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,462 | −0.191% | $222.4M | $861.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463 | −0.124% | $103.7M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.163% | $161.7M | $306.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,462.4 | −0.165% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.4 | −0.233% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.2 | −0.176% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.064% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462 | −0.191% | $343K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.183% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.3 | −0.169% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,466 | +0.081% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.8 | −0.068% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463.4 | −0.094% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.1 | −0.047% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,463.2 | −0.111% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.9 | −0.060% | $36K | $367K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0187% | 1h | 1,464.3 | −0.034% | $2.3M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,463.1 | −0.113% | $841K | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0246% | 1h | 1,464.8 | long leg | $596K | $1.3M | 25x | |
| Lighter RH ZEC | +0.0384% | 1h | 1,465.3 | +0.037% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,465.6 | +0.057% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,464.5 | −0.023% | $738K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0542% | 1h | 1,464.9 | +0.010% | $40K | $34K | 10x | as long as short |
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
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
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD