Funding you earn now, next payment 04:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.011%
Price spread now: RISEx against Derive+0.032%7-day average +0.101% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)−0.517%−$52 · spread now +0.032%, 7d avg +0.101%
=Funding pays, the price is against you. RISEx is 0.069% cheaper against Derive than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.101%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,457.7 | 0.0100 | pay 0.0013% / 1h | 25m 58s | $445K | $521K | 6.7x |
| Short | RISEx ZEC/USDC | 1,458.2 | 0.0412 | get 0.0052% / 1h | 25m 58s | $923K | $1.1M | 10x |
Derive ZEC-PERP
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $65.62
- Price spread: +0.032% → +0.101%
- −$6.94
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $46.67
- Costs to cover
- 0.120%
- Break-even
- 2.0 days
Slippage unknown: Derive: no order-book sample; RISEx: live order book, 3 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 RISEx live order book, 3 min ago | 1.92 bp | 4.9 bp −$5 | 10.7 bp −$107 | 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 | −0.3166% | 1h | 1,455.8 | −0.129% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.7 | 0.000% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0068% | 8h | 1,457 | −0.045% | $29.3M | $70.9M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.2 | −0.034% | $410K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.5 | +0.057% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,457.7 | −0.001% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,458.4 | +0.051% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,458.6 | +0.060% | $291K | $956K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0068% / S −0.0018% | 1h | 1,458.3 | +0.043% | $410K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,458.3 | +0.042% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,458.4 | +0.045% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,458.1 | +0.031% | $11K | $859K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,458 | +0.020% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458.5 | +0.055% | $2.9M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.6 | +0.266% | $759.7M | $432.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,458.9 | +0.083% | $14.5M | $27.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,458 | +0.018% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.3 | +0.181% | $671.0M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,459.8 | +0.143% | $263.4M | $600.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,460 | +0.161% | $178.3M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.7 | −0.137% | $396K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.255% | $877K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,460.3 | +0.178% | $50.6M | $174.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,459.9 | +0.153% | $215.6M | $772.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,458.7 | +0.068% | $102.7M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.1 | +0.165% | $166.3M | $271.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,459.8 | +0.142% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,460.6 | +0.201% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,457.9 | +0.012% | $47.8M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.6 | −0.147% | $567K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.2 | −0.102% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.3 | −0.094% | $406K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456 | −0.115% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,458.2 | +0.035% | $367K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,458.2 | +0.036% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,457.7 | long leg | $445K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460.8 | +0.212% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,459.5 | +0.123% | $234K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.6 | −0.008% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.5 | +0.121% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458.6 | +0.062% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,458.5 | +0.055% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,458.1 | +0.029% | $4.6M | $1.3M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0276% | 1h | 1,459.5 | +0.124% | $18.1M | $45.0M | 25x | as long as short |
| Lighter ZEC | +0.0296% | 1h | 1,460.9 | +0.219% | $19.2M | $45.9M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0327% | 1h | 1,459.5 | +0.126% | $610K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDCshort | +0.0412% | 1h | 1,458.2 | +0.032% | $923K | $1.1M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,460.7 | +0.208% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0464% | 1h | 1,461.6 | +0.265% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,458.9 | +0.084% | $695K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0680% | 1h | 1,456.4 | −0.087% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD