Funding you earn now, next payment 03:00 UTC−0.0291%/8h= −31.9% APRpaid last 24h +0.007%
Price spread now: HTX against Deribit−0.178%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$370.367% of the position
Funding, last 7 days−0.258%−$26 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.178%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and HTX is 0.083% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,450.5 | 0.0391 | pay 0.0049% / 1h | 36m 10s | $610K | $1.3M | 25x |
| Short | HTX ZEC-USDT | 1,447.9 | 0.0100 | get 0.0100% / 8h | 5h 36m | $2.6M | $18.4M | 75x |
Deribit ZEC_USDC-PERPETUAL
HTX ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$61.17
- Price spread: −0.178% → −0.095%
- −$8.35
- Slippage, 4 orders
- −$17.73
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$106.25
- Costs to cover
- 0.367%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; HTX: live order book, 3 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 | 3.69 bp | 7.2 bp −$7 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell HTX live order book, 3 min ago | 1.55 bp | 11.1 bp −$11 | 16.0 bp −$160 | 33.9 bp −$3,390 | 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 | −0.3244% | 1h | 1,449.3 | −0.084% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0081% | 8h | 1,450.5 | 0.000% | $29.4M | $70.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,449.7 | −0.053% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,447.5 | −0.206% | $408K | $44K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,448.3 | −0.151% | $1.3M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,447.6 | −0.200% | $83K | $248K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,449.1 | −0.099% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0040% | 8h | 1,450.1 | −0.031% | $290K | $979K | 20x | as long as short |
| ApeX Omni ZECUSDT | +0.0046% | 1h | 1,449 | −0.103% | $406K | $904K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0053% / S −0.0009% | 1h | 1,449.1 | −0.094% | $374K | — | 100x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,449.2 | −0.090% | $4.6M | $1.4M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0096% | 1h | 1,445.9 | −0.317% | $394K | $431K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,448.2 | −0.157% | $173K | $1.8M | 50x | as long as short |
| Gate ZEC_USDT | +0.0097% | 8h | 1,449.2 | −0.088% | $49.3M | $172.5M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,446.6 | −0.271% | $14K | $860K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,448.8 | −0.119% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,448.5 | −0.140% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,449.5 | −0.066% | $754.4M | $433.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,449.2 | −0.089% | $14.4M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,448.8 | −0.119% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,449.7 | −0.051% | $663.9M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.8 | −0.046% | $266.0M | $610.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,450 | −0.036% | $179.0M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | +0.562% | $886K | $16K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450 | −0.035% | $213.2M | $774.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,447.8 | −0.188% | $101.7M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,449.8 | −0.048% | $160.9M | $277.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,448.7 | −0.122% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,449.8 | −0.051% | $2.3M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454.9 | +0.305% | $47.2M | $32.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.5 | +0.411% | $567K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.4 | −0.144% | $3.0M | $419K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,449.9 | −0.044% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,448.3 | −0.151% | $322K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,449.8 | −0.046% | $138K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,448.3 | −0.151% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452 | +0.105% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.7 | −0.058% | $232K | $3.5M | 10x | as long as short |
| HTX ZEC-USDTshort | +0.0100% | 8h | 1,447.9 | −0.178% | $2.6M | $18.4M | 75x | |
| Phemex ZECUSDT | +0.0100% | 8h | 1,449.9 | −0.044% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.2 | −0.090% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.5 | −0.067% | $47K | $156K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,448.5 | −0.139% | $8K | $7K | 5x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,450.8 | +0.024% | $18.9M | $46.4M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0197% | 1h | 1,449.6 | −0.064% | $17.8M | $44.5M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,450.7 | +0.015% | $721K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0320% | 1h | 1,451.1 | +0.040% | $2.0M | $6.9M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0391% | 1h | 1,450.5 | long leg | $610K | $1.3M | 25x | |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,448.3 | −0.151% | $825K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,451 | +0.038% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0713% | 1h | 1,454 | +0.242% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Ondo Perps ZEC-USD.P
Popdex ZECUSDT
Gate ZEC_USDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD