Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.006%
Price spread now: Variational Omni against Deribit−0.218%7-day average −0.124% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.746%−$75 · spread now −0.218%, 7d avg −0.124%
=Together, before fees−0.771%+ Points / potential airdropVariational Omni: Active · farm board−$77 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.094% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.124%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,454.6 | 0 | get 0.0000% / 1h | 52m 48s | $566K | $1.3M | 25x |
| Short | Variational Omni ZEC | 1,451.4 | −0.0034 | pay 0.0034% / 8h | 2h 52m | $45.5M | $32.3M | — |
Deribit ZEC_USDC-PERPETUAL
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$7.08
- Price spread: −0.218% → −0.124%
- −$9.41
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$23.49
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 1 min ago | 4.51 bp | 9.3 bp −$9 | 198.2 bp −$1,982 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.75 bp | doesn't fit | 7.3 bp −$73 | 17.0 bp −$1,698 | 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 | 1,437.6 | −1.165% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.1 | −0.238% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,453.2 | −0.094% | $17.6M | $44.7M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0067% | 8h | 1,453.9 | −0.046% | $29.0M | $75.8M | 75x | as long as short |
| Variational Omni ZECshort | −0.0034% | 8h | 1,451.4 | −0.218% | $45.5M | $32.3M | — | |
| Bybit ZECUSDT | −0.0014% | 8h | 1,452.9 | −0.111% | $269.1M | $677.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.8 | +0.017% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.3 | −0.084% | $850K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.5 | −0.073% | $82K | $400K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | 0.0000% | 1h | 1,454.6 | long leg | $566K | $1.3M | 25x |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0007% | 8h | 1,453.7 | −0.056% | $291K | $1.5M | 20x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.2 | −0.022% | $5.1M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,452.3 | −0.154% | $172.4M | $1.37B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0040% / S +0.0062% | 1h | 1,454 | −0.041% | $536K | — | 100x | as long as short |
| Aster ZECUSDT | +0.0053% | 8h | 1,454.7 | +0.011% | $15.1M | $35.2M | 75x | as long as short |
| Gate ZEC_USDT | +0.0063% | 8h | 1,454.5 | −0.005% | $49.3M | $185.2M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,453.8 | −0.055% | $17K | $886K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0095% | 8h | 1,454.9 | +0.022% | $219.5M | $879.8M | 150x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.6 | −0.066% | $177K | $2.0M | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0098% | 1h | 1,449.8 | −0.327% | $393K | $522K | 5x | as long as short |
| Binance ZECUSDT | +0.0099% | 8h | 1,454.4 | −0.011% | $659.7M | $2.55B | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.9 | −0.042% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,454 | −0.037% | $3.0M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.3 | +0.051% | $752.4M | $492.7M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.7 | −0.058% | $1.6M | $3.1M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454.9 | +0.023% | $896K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.2 | +0.042% | $103.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.5 | −0.005% | $162.2M | $317.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,454.3 | −0.018% | — | $106.9M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,454.8 | +0.017% | $2.3M | $4.2M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.8 | −0.051% | $488K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | −0.113% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.5 | −0.278% | $705K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451 | −0.244% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.5 | −0.073% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454 | −0.038% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.5 | −0.142% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.144% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,453.4 | −0.077% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453 | −0.107% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.5 | −0.076% | $3.7M | $5.5M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.158% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,454 | −0.041% | $8K | $8K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.5 | −0.070% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,455.3 | +0.054% | $18.8M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.6 | +0.002% | $863K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0352% | 1h | 1,454.8 | +0.020% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,455.2 | +0.046% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0464% | 1h | 1,454.1 | −0.032% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,456 | +0.099% | $754K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0672% | 1h | 1,456.8 | +0.151% | $1.9M | $8.4M | 10x | as long as short |
Orderly PERP_ZEC_USDC
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Aster ZECUSDT
Gate ZEC_USDT
Katana Perps ZEC-USD
MEXC ZEC_USDT
Popdex ZECUSDT
Ondo Perps ZEC-USD.P
Binance ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC