Funding you earn now, next payment 22:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.003%
Price spread now: Nado against Deribit−0.087%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 3 days (all we have)−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−0.633%−$63 · spread now −0.087%, 7d avg −0.037%
=Together, before fees−0.649%+ Points / potential airdropNado: Active · farm board−$65 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.051% cheaper against Deribit than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.037%). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,445.8 | 0.0009 | pay 0.0001% / 1h | 30m 33s | $588K | $1.3M | 25x |
| Short | Nado ZEC-PERP | 1,444.5 | 0.0100 | get 0.0012% / 1h | 30m 33s | $2.4M | $7.1M | 10x |
Deribit ZEC_USDC-PERPETUAL
Nado ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $19.19
- Price spread: −0.087% → −0.037%
- −$5.05
- Slippage, 4 orders
- −$15.25
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$15.11
- Costs to cover
- 0.292%
- Break-even
- 12.5 days
Slippage from Deribit: live order book, 3 min ago; Nado: live order book, 4 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 | 4.70 bp | 10.6 bp −$11 | 364.8 bp −$3,648 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.04 bp | 5.9 bp −$6 | 13.2 bp −$132 | 44.8 bp −$4,478 | 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 | −0.3476% | 1h | 1,433.1 | −0.873% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,445.6 | −0.011% | $28.8M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,444.6 | −0.084% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,445.1 | −0.046% | $17.6M | $44.5M | 25x | as long as short |
| Variational Omni ZEC | −0.0009% | 8h | 1,449.1 | +0.231% | $45.6M | $32.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,448.6 | +0.196% | $408K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,444.6 | −0.083% | $907K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,443.3 | −0.174% | $82K | $401K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,444.4 | −0.095% | $5.1M | — | 150x | as long as short |
| Bybit ZECUSDT | +0.0008% | 8h | 1,448.7 | +0.201% | $267.1M | $675.1M | 75x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Bybit ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUALlong | +0.0009% | 1h | 1,445.8 | long leg | $588K | $1.3M | 25x | |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,444.8 | −0.069% | $290K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0028% / S +0.0071% | 1h | 1,444 | −0.121% | $542K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0055% | 8h | 1,449.4 | +0.248% | $171.5M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,449.7 | +0.272% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0074% | 8h | 1,449.3 | +0.243% | $49.6M | $189.0M | 75x | as long as short |
| Aster ZECUSDT | +0.0078% | 8h | 1,445.8 | +0.006% | $15.2M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,448.9 | +0.220% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,448.9 | +0.218% | $18.7M | $54.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,449.5 | +0.256% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.4 | +0.253% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERPshort | +0.0100% | 1h | 1,444.5 | −0.087% | $2.4M | $7.1M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,447.1 | +0.092% | $747.6M | $494.9M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,448.5 | +0.190% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,448.4 | +0.185% | $660.2M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,441.6 | −0.288% | $392K | $516K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.052% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,449.1 | +0.229% | $214.1M | $892.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.3 | +0.245% | $102.8M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,449.2 | +0.235% | $160.4M | $313.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,448.1 | +0.160% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,446.6 | +0.056% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,445.3 | −0.032% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.7 | +0.202% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.1 | −0.049% | $703K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,445.2 | −0.036% | $108K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,443.4 | −0.163% | $347K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,444 | −0.124% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,443.3 | −0.167% | $439K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,445.7 | −0.004% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,445.4 | −0.025% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,445.1 | −0.045% | $2.3M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,445.5 | −0.017% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,445.9 | +0.010% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.4 | +0.250% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,444.9 | −0.060% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,450 | +0.290% | $865K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,447.1 | +0.095% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0445% | 1h | 1,448.2 | +0.172% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,451.2 | +0.379% | $766K | $7.9M | 10x | as long as short |
| Lighter RH ZEC | +0.0672% | 1h | 1,450.6 | +0.333% | $1.9M | $8.5M | 10x | as long as short |
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC