Funding you earn now, next payment 22:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: Deribit against Derive+0.161%7-day average +0.133% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.161%, 7d avg +0.133%
=The price spread pays, funding is against you. Deribit is 0.028% dearer against Derive than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.133%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,452.9 | 0.0100 | pay 0.0013% / 1h | 50m 12s | $442K | $493K | 6.7x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,455.2 | 0.0017 | get 0.0002% / 1h | 50m 12s | $567K | $1.3M | 25x |
Derive ZEC-PERP
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$17.36
- Price spread: +0.161% → +0.133%
- $2.78
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.58
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Deribit: 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 Deribit live order book, 4 min ago | 4.51 bp | 8.0 bp −$8 | 14.8 bp −$148 | doesn't fit | 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 | −0.3476% | 1h | 1,437.6 | −1.051% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.5 | −0.027% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,454.1 | +0.085% | $17.6M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,453.2 | +0.023% | $28.9M | $75.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | −0.081% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDT | −0.0009% | 8h | 1,453.7 | +0.054% | $269.5M | $676.9M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.8 | +0.135% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.9 | +0.142% | $849K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454.9 | +0.135% | $83K | $400K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.3 | +0.098% | $5.1M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0008% | 8h | 1,454.5 | +0.109% | $292K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0017% | 1h | 1,455.2 | +0.161% | $567K | $1.3M | 25x | |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,454.4 | +0.104% | $172.4M | $1.37B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0065% | 1h | 1,453.7 | +0.054% | $544K | — | 100x | as long as short |
| Aster ZECUSDT | +0.0055% | 8h | 1,454.3 | +0.099% | $15.3M | $35.2M | 75x | as long as short |
| Gate ZEC_USDT | +0.0067% | 8h | 1,454 | +0.073% | $49.1M | $185.5M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,455 | +0.142% | $8K | $8K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.8 | +0.134% | $17K | $886K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,455.5 | +0.181% | $18.8M | $53.9M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.7 | +0.124% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,455 | +0.144% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455.1 | +0.150% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.9 | +0.208% | $752.7M | $493.3M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.2 | +0.157% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.3 | +0.100% | $659.7M | $2.55B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.8 | −0.212% | $394K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | +0.143% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.2 | +0.093% | $218.9M | $881.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.4 | +0.107% | $103.7M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.4 | +0.104% | $162.1M | $316.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,453.5 | +0.041% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453.9 | +0.067% | $2.3M | $4.2M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | +0.035% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | +0.002% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,454.1 | +0.081% | $707K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.018% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.8 | +0.132% | $299K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453.6 | +0.046% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,452.9 | long leg | $442K | $493K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.7 | +0.333% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.2 | +0.089% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455 | +0.146% | $2.4M | $25.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454 | +0.075% | $3.7M | $5.5M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.044% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.1 | +0.087% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,455.7 | +0.191% | $864K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0288% | 1h | 1,454.5 | +0.112% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,456.8 | +0.270% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0462% | 1h | 1,454 | +0.078% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,457.1 | +0.289% | $756K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0680% | 1h | 1,456.4 | +0.245% | $1.9M | $8.4M | 10x | as long as short |
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC