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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: GRVT against Derive+0.180%73s7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 3 days (all we have)−0.555%−$56 · spread now +0.180%, 7d avg +0.036%
Together, before fees−0.563%+ Points / potential airdropGRVT: Active · farm board−$56 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.144% dearer against Derive than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ZEC-PERP1,470.80.0100pay 0.0013% / 1h42m 12s$458K$509K6.7x
ShortGRVT ZEC_USDT_Perp1,473.40.0100get 0.0100% / 8h7h 42m$3.0M$454K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Derive. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.180% → +0.036%
$14.37
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$0.63
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; GRVT: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell GRVT live order book, 2 min ago1.29 bp7.2 bp −$78.8 bp −$88doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3321%1h1,474.8+0.274%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0342%1h1,472.6+0.129%$17.9M$43.1M25xas long as short
Ondo Perps ZEC-USD.P−0.0149%1h1,471.2+0.030%$400K$519K5xas long as short
BloFin ZEC-USDT−0.0103%8h1,471.5+0.047%$29.7M$73.9M75xas long as short
Bybit ZECUSDT−0.0082%8h1,472.2+0.100%$275.0M$642.0M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,472.5+0.118%$6K$2K10xas long as short
Variational Omni ZEC−0.0059%8h1,473.5+0.186%$47.7M$34.4M—as long as short
dYdX ZEC-USD0.0000%1h1,472.9+0.143%$415K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,472.2+0.100%$959K$5.4M2.2xas long as short
Perpl ZEC0.0000%43m1,472.6+0.125%$84K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,472.9+0.147%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,472.4+0.113%$294K$1.4M20xas long as short
OKX ZEC-USDT-SWAP+0.0041%8h1,472.5+0.121%$182.0M$1.31B50xas long as short
Phoenix ZEC+0.0054%1h1,475.9+0.348%$4.7M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,472.7+0.134%$378K—100xas long as short
01 Exchange ZECUSD+0.0064%1h1,473.3+0.176%$8K$8K5xas long as short
Popdex ZECUSDT+0.0096%1h1,472.5+0.119%$176K$1.9M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,472.2+0.096%$60K$39K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,472.2+0.097%$14K$840K10xas long as short
Nado ZEC-PERP+0.0100%1h1,472.8+0.136%$2.6M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,473.9+0.214%$764.9M$459.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,472.3+0.104%$14.9M$32.1M75xas long as short
Pacifica ZEC+0.0100%1h1,472.3+0.107%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,472.8+0.141%$684.4M$2.41B75xas long as short
Arcus ZEC-USD+0.0100%1h1,473.5+0.187%$696K$8.5M10xas long as short
Gate ZEC_USDT+0.0100%8h1,472.7+0.134%$51.5M$178.6M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,472.6+0.127%$230.6M$822.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.7+0.132%$105.1M$55.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472.8+0.138%$163.8M$295.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,472.6+0.127%—$100.9M—as long as short
edgeX ZECUSDC+0.0100%4h1,474.6+0.262%$574K$9.2M20xas long as short
GRVT ZEC_USDT_Perpshort+0.0100%8h1,473.4+0.180%$3.0M$454K10x
ApeX Omni ZECUSDT+0.0100%1h1,475.9+0.349%$432K$859K50xas long as short
StandX ZEC-USD+0.0100%1h1,473.3+0.172%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,472.2+0.098%$333K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,472.4+0.113%$128K$159K20xas long as short
Derive ZEC-PERPlong+0.0100%1h1,470.8long leg$458K$509K6.7x
SunX ZEC-USDT+0.0100%8h1,474.7+0.270%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,472.5+0.115%$243K$4.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,471.6+0.055%$2.5M$21.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,473.4+0.181%$3.9M$5.4M50xas long as short
Bulk ZEC-USD+0.0100%1h1,474.3+0.244%$897K$28K10xas long as short
Extended ZEC-USD+0.0104%1h1,472.7+0.130%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,472.4+0.110%$72K$173K20xas long as short
Lighter ZEC+0.0112%1h1,474.1+0.225%$19.2M$50.3M20xas long as short
RISEx ZEC/USDC+0.0228%1h1,473.3+0.170%$842K$1.1M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0281%1h1,473.7+0.198%$615K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,474.1+0.228%$3.8M$10.4M50xas long as short
Backpack ZEC_USDC_PERP+0.0584%1h1,473.8+0.204%$2.5M$3.8M15xas long as short
Lighter RH ZEC+0.0768%1h1,475.3+0.308%$2.0M$8.0M10xas long as short
Aftermath Perps ZECUSD+0.0776%1h1,473.8+0.208%$44K$48K10xas long as short