Funding you earn now, next payment 23:00 UTC−0.0079%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h −0.006%
Price spread now: GMX against Deribit+0.005%7-day average −0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)−0.219%−$22 · spread now +0.005%, 7d avg −0.037%
=The price spread pays, funding is against you. GMX is 0.042% dearer against Deribit than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.037%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,463.8 | 0 | get 0.0000% / 1h | 38m 51s | $596K | $1.3M | 25x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,463.9 | L +0.0009% / S +0.0079% | pay 0.0010% / 1h | 38m 51s | $541K | — | 100x |
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$16.52
- Price spread: +0.005% → −0.037%
- $4.22
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$31.3
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, just now; GMX: 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, just now | 5.98 bp | 9.5 bp −$9 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 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 | 1,465.8 | +0.132% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,463.1 | −0.048% | $17.8M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0234% | 1h | 1,466 | +0.149% | $398K | $520K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0088% | 8h | 1,462.7 | −0.080% | $29.1M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,463.2 | −0.042% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0050% | 8h | 1,461.7 | −0.144% | $270.9M | $673.6M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,465.3 | +0.098% | $46.6M | $34.0M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,463.9 | +0.008% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464.4 | +0.040% | $887K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,463.2 | −0.046% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUALlong | 0.0000% | 1h | 1,463.8 | long leg | $596K | $1.3M | 25x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.1 | +0.018% | $5.2M | — | 150x | as long as short |
| ApeX Omni ZECUSDT | +0.0007% | 1h | 1,466.5 | +0.185% | $431K | $820K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0009% / S +0.0079% | 1h | 1,463.9 | +0.005% | $541K | — | 100x | |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,463.2 | −0.044% | $292K | $1.5M | 20x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.150% | $905K | $27K | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0045% | 8h | 1,461.9 | −0.129% | $175.6M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,462.2 | −0.113% | $49.9M | $184.6M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,464.1 | +0.021% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.3 | +0.309% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,464.7 | +0.058% | $14K | $862K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,463.5 | −0.023% | $173K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463 | −0.056% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.2 | +0.028% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,463.3 | −0.036% | $758.2M | $484.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,462.3 | −0.103% | $15.6M | $33.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.8 | 0.000% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,462.1 | −0.116% | $673.7M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,462.2 | −0.113% | $220.4M | $858.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,462 | −0.127% | $103.0M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.1 | −0.117% | $161.7M | $307.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,462.7 | −0.075% | — | $103.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.9 | +0.140% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.7 | +0.058% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.4 | +0.107% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.6 | −0.015% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.6 | −0.016% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,461.8 | −0.141% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,465.2 | +0.096% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,462.9 | −0.066% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462.5 | −0.087% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,463.7 | −0.007% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.5 | −0.089% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.7 | −0.005% | $36K | $367K | 20x | as long as short |
| Lighter ZEC | +0.0112% | 1h | 1,464.7 | +0.063% | $19.0M | $52.5M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,463.7 | −0.005% | $842K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0213% | 1h | 1,463 | −0.057% | $2.3M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,465.1 | +0.089% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,466.4 | +0.173% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,464.9 | +0.072% | $737K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0529% | 1h | 1,465.8 | +0.138% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
ApeX Omni ZECUSDT
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Lighter ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD