Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Binance against Derive−0.135%46s7-day average +0.063% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 3 days (all we have)−0.469%−$47 · spread now −0.135%, 7d avg +0.063%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.198% cheaper against Derive than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.063%. The two prices were read 46 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 | Derive ZEC-PERP | 1,466.7 | 0.0100 | pay 0.0013% / 1h | 54m 41s | $448K | $503K | 6.7x |
| Short | Binance ZECUSDT | 1,464.7 | 0.0100 | get 0.0100% / 8h | 1h 54m | $670.6M | $2.54B | 75x |
Derive ZEC-PERP
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Derive. 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
- $0
- Price spread: −0.135% → +0.063%
- −$19.78
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$35.78
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Binance: live order book, 4 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 Derive no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.03 bp | 5.7 bp −$6 | 7.2 bp −$72 | 10.4 bp −$1,036 | doesn't fit |
Derive: 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 | −0.3310% | 1h | 1,465.3 | −0.092% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.8 | +0.080% | $17.8M | $44.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0120% | 1h | 1,466 | −0.045% | $398K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,467.8 | +0.077% | $29.0M | $76.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.4 | −0.016% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0046% | 8h | 1,463.2 | −0.235% | $270.6M | $681.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.5 | +0.059% | $46.8M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.8 | +0.008% | $413K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.7 | +0.069% | $940K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.9 | +0.081% | $83K | $401K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,468.8 | +0.146% | $598K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.5 | +0.125% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,468.2 | +0.106% | $561K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,468.2 | +0.103% | $294K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0053% | 8h | 1,463.7 | −0.203% | $175.9M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,465.7 | −0.069% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0056% | 8h | 1,465.5 | −0.077% | $50.1M | $183.3M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.7 | −0.068% | $14K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,467 | +0.021% | $19.0M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.9 | −0.121% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.3 | −0.095% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.3 | +0.114% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.9 | +0.015% | $761.4M | $487.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.5 | −0.081% | $15.4M | $33.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466 | −0.047% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,464.7 | −0.135% | $670.6M | $2.54B | 75x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.400% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.4 | −0.085% | $221.5M | $849.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466 | −0.046% | $103.5M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,465.6 | −0.072% | $162.2M | $310.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,465 | −0.111% | — | $6.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.9 | −0.189% | $510K | $9.4M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.1 | +0.101% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,468.2 | +0.106% | $431K | $817K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,468.2 | +0.103% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.6 | +0.132% | $345K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.8 | +0.077% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,466.7 | long leg | $448K | $503K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.1 | +0.236% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.8 | +0.076% | $223K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.4 | +0.120% | $2.4M | $24.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.6 | +0.061% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,464.5 | −0.150% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.2 | −0.034% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.3 | +0.109% | $37K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,466.3 | −0.027% | $845K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0375% | 1h | 1,467.8 | +0.076% | $2.3M | $4.1M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,471.1 | +0.300% | $3.7M | $11.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0440% | 1h | 1,467.8 | +0.078% | $2.0M | $8.2M | 10x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,466.6 | −0.005% | $731K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0518% | 1h | 1,465.7 | −0.065% | $41K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD