Funding you earn now, next payment 06:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h −0.025%
Price spread now: Ondo Perps against Deribit−0.433%7-day average −0.116% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.433%, 7d avg −0.116%
=Together, before fees+0.249%+ Points / potential airdropOndo Perps: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Ondo Perps is 0.317% cheaper against Deribit than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.116%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, 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 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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 | 1,495.5 | 0.0373 | pay 0.0047% / 1h | 20m 51s | $636K | $1.3M | 25x |
| Short | Ondo Perps ZEC-USD.P | 1,489 | 0.0100 | get 0.0013% / 1h | 20m 51s | $403K | $438K | 5x |
Deribit ZEC_USDC-PERPETUAL
Ondo Perps ZEC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$57.3
- Price spread: −0.433% → −0.116%
- −$31.75
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$101.05
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 3 min ago; Ondo Perps: 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, 3 min ago | 5.74 bp | 9.2 bp −$9 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.3243% | 1h | 1,493 | −0.165% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0108% | 8h | 1,493.9 | −0.109% | $30.3M | $72.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,493 | −0.164% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,503.7 | +0.547% | $418K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,496.7 | +0.083% | $1.6M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,494.9 | −0.038% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,495.1 | −0.024% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,494.4 | −0.072% | $299K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,496.5 | +0.065% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,475.1 | −1.363% | $4.7M | $1.3M | 10x | 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
01 Exchange ZECUSD
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0095% | 8h | 1,505.2 | +0.651% | $272.7M | $605.8M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,496.8 | +0.090% | $181K | $1.6M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,496.8 | +0.085% | $12K | $830K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,493.3 | −0.145% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,495 | −0.029% | $2.8M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,506.1 | +0.710% | $785.3M | $426.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,503.9 | +0.560% | $14.8M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,492.9 | −0.171% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504.9 | +0.627% | $698.5M | $2.20B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,506.3 | +0.721% | $181.7M | $1.27B | 50x | as long as short |
| Ondo Perps ZEC-USD.Pshort | +0.0100% | 1h | 1,489 | −0.433% | $403K | $438K | 5x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,479.3 | −1.083% | $894K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,506 | +0.703% | $54.5M | $174.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.3 | +0.655% | $232.7M | $769.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,499.1 | +0.243% | $106.3M | $53.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505.2 | +0.649% | $169.5M | $271.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,505.6 | +0.674% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,494.7 | −0.054% | $48.9M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,479.1 | −1.098% | $558K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,481.5 | −0.937% | $3.0M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,481.5 | −0.936% | $410K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,484 | −0.765% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,495.8 | +0.021% | $369K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,494.8 | −0.043% | $164K | $183K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,493.6 | −0.129% | $456K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,497.2 | +0.117% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494.2 | −0.084% | $247K | $3.3M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,492.3 | −0.212% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.3 | −0.076% | $3.9M | $4.8M | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0101% / S −0.0053% | 1h | 1,494.8 | −0.048% | $449K | — | 100x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,504.8 | +0.623% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,495.1 | −0.023% | $45K | $153K | 20x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,506.3 | +0.726% | $2.2M | $7.2M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0144% | 1h | 1,494.2 | −0.085% | $18.2M | $45.8M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,494.6 | −0.058% | $940K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0184% | 1h | 1,505.5 | +0.670% | $19.7M | $44.3M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0373% | 1h | 1,495.5 | long leg | $636K | $1.3M | 25x | |
| Backpack ZEC_USDC_PERP | +0.0411% | 1h | 1,495.6 | +0.010% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,496.2 | +0.047% | $3.8M | $9.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,494.2 | −0.084% | $640K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0709% | 1h | 1,480.6 | −0.993% | $45K | $49K | 10x | as long as short |
Bybit ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
GMX ZEC/USD [WBTC.b-USDC]
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD