Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%
Price spread now: Hyperliquid against Derive+0.094%7-day average +0.082% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 3 days (all we have)−0.499%−$50 · spread now +0.094%, 7d avg +0.082%
=Together, before fees−0.395%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,471 | 0.0100 | pay 0.0013% / 1h | 16m 07s | $459K | $498K | 6.7x |
| Short | Hyperliquid ZEC | 1,472.4 | 0.0100 | get 0.0013% / 1h | 16m 07s | $762.9M | $472.9M | 10x |
Derive ZEC-PERP
Hyperliquid ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.094% → +0.082%
- $1.22
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$13.78
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago | 0.34 bp | 5.5 bp −$5 | 8.0 bp −$80 | 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 | −0.3089% | 1h | 1,474.2 | +0.216% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0263% | 1h | 1,471 | −0.001% | $399K | $526K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,471.9 | +0.060% | $17.9M | $44.3M | 25x | as long as short |
| Bybit ZECUSDT | −0.0112% | 8h | 1,471.2 | +0.013% | $274.4M | $651.7M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0107% | 8h | 1,471.2 | +0.012% | $29.6M | $74.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | +0.073% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0059% | 8h | 1,471.5 | +0.030% | $47.5M | $34.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.6 | +0.039% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.2 | +0.150% | $960K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.3 | +0.086% | $84K | $407K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473 | +0.131% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,473 | +0.135% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,472.6 | +0.105% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.6 | +0.172% | $4.7M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0024% | 1h | 1,472.7 | +0.116% | $432K | $843K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0041% | 8h | 1,471.1 | +0.006% | $181.2M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0048% | 8h | 1,471.8 | +0.051% | $51.2M | $187.4M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.8 | +0.122% | $372K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0064% | 1h | 1,473.4 | +0.163% | $615K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,472.8 | +0.121% | $19.2M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.6 | +0.107% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.6 | +0.041% | $20K | $844K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.8 | +0.056% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.7 | +0.112% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZECshort | +0.0100% | 1h | 1,472.4 | +0.094% | $762.9M | $472.9M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.1 | +0.075% | $15.0M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.6 | +0.111% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.5 | +0.033% | $682.8M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.8 | +0.188% | $698K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.5 | +0.169% | $896K | $39K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.7 | +0.043% | $222.3M | $842.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472 | +0.068% | $104.6M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.7 | +0.046% | $163.2M | $301.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.6 | −0.032% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.8 | +0.124% | $513K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.5 | +0.099% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.1 | +0.070% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.1 | +0.073% | $336K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.4 | +0.092% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,471 | long leg | $459K | $498K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474 | +0.205% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.8 | +0.052% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471 | −0.001% | $2.5M | $22.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.2 | +0.080% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.2 | +0.079% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.3 | +0.087% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.3 | +0.158% | $826K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0411% | 1h | 1,472.5 | +0.101% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474.1 | +0.211% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0456% | 1h | 1,473.7 | +0.183% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0755% | 1h | 1,473.2 | +0.149% | $46K | $47K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
ApeX Omni ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD