Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.014%
Price spread now: GRVT against Deribit−0.096%75s7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 3 days (all we have)−0.368%−$37 · spread now −0.096%, 7d avg −0.096%
=Together, before fees−0.262%+ Points / potential airdropGRVT: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.106%, so the current rate has only just turned against you. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,472.4 | 0.0135 | pay 0.0017% / 1h | 57m 42s | $614K | $1.3M | 25x |
| Short | GRVT ZEC_USDT_Perp | 1,471 | 0.0100 | get 0.0100% / 8h | 57m 42s | $3.0M | $482K | 10x |
Deribit ZEC_USDC-PERPETUAL
GRVT ZEC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$7.28
- Price spread: −0.096% → −0.096%
- −$0.01
- Slippage, 4 orders
- −$15.19
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$38.49
- Costs to cover
- 0.312%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; GRVT: live order book, 1 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, 1 min ago | 4.51 bp | 8.5 bp −$8 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 2.14 bp | 7.4 bp −$7 | 9.3 bp −$93 | doesn't fit | 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 | −0.3089% | 1h | 1,472.3 | −0.008% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0272% | 1h | 1,472.6 | +0.014% | $398K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,473.6 | +0.085% | $17.9M | $44.9M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,473 | +0.042% | $29.5M | $75.7M | 75x | as long as short |
| Bybit ZECUSDT | −0.0081% | 8h | 1,473.1 | +0.047% | $273.1M | $666.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.1 | +0.116% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0037% | 8h | 1,468.5 | −0.266% | $46.8M | $33.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.7 | +0.088% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.1 | −0.017% | $898K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | −0.012% | $84K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.1 | −0.020% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,471.3 | −0.073% | $294K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,471.9 | −0.030% | $366K | — | 100x | as long as short |
| SoDEX ZEC-USD | +0.0038% | 1h | 1,473.2 | +0.058% | $226K | $4.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,473.4 | +0.068% | $179.8M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,473.8 | +0.098% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,473.9 | +0.099% | $50.3M | $183.5M | 75x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,470.8 | −0.108% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.3 | +0.059% | $177K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,473.8 | +0.092% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.4 | +0.070% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.5 | +0.075% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.9 | +0.171% | $765.4M | $479.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.8 | +0.096% | $15.6M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.2 | +0.125% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.7 | +0.090% | $681.1M | $2.47B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.4 | +0.134% | $715K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.1 | −0.086% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.7 | +0.087% | $225.6M | $827.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.8 | +0.095% | $104.2M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.8 | +0.096% | $163.1M | $303.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,472.9 | +0.033% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.8 | −0.106% | $513K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perpshort | +0.0100% | 8h | 1,471 | −0.096% | $3.0M | $482K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,471.1 | −0.088% | $431K | $827K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.9 | −0.102% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.8 | −0.040% | $347K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.6 | −0.052% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.9 | −0.172% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475 | +0.178% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.7 | −0.050% | $2.5M | $23.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.8 | +0.095% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.9 | +0.105% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474 | +0.112% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.9 | +0.104% | $835K | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0135% | 1h | 1,472.4 | long leg | $614K | $1.3M | 25x | |
| Lighter ZEC | +0.0176% | 1h | 1,475.3 | +0.199% | $19.1M | $52.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,475.6 | +0.217% | $3.8M | $11.5M | 50x | as long as short |
| Lighter RH ZEC | +0.0464% | 1h | 1,475.8 | +0.230% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0618% | 1h | 1,471.9 | −0.033% | $41K | $34K | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0651% | 1h | 1,474.7 | +0.156% | $2.4M | $3.7M | 15x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
SoDEX ZEC-USD
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
Phoenix 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
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD
Backpack ZEC_USDC_PERP