Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.007%
Price spread now: Deribit against edgeX−0.325%7-day average +0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)+1.642%+$164 · spread now −0.325%, 7d avg +0.121%
=Together, before fees+1.492%+ Points / potential airdropedgeX: Active · farm board+$149 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.445% cheaper against edgeX than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.121%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ZECUSDC | 1,459.6 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $568K | $8.8M | 20x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,454.9 | 0 | get 0.0000% / 1h | 41m 08s | $605K | $1.3M | 25x |
edgeX ZECUSDC
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against edgeX. 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
- −$21
- Price spread: −0.325% → +0.121%
- −$44.53
- Slippage, 4 orders
- −$10.05
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$91.58
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 3 min ago.
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 edgeX live order book, 3 min ago | 0.38 bp | 4.9 bp −$5 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 3.97 bp | 7.5 bp −$7 | 12.9 bp −$129 | doesn't fit | doesn't fit |
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 | −0.3244% | 1h | 1,460 | +0.030% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458 | −0.110% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,455.1 | −0.310% | $29.4M | $70.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.4 | −0.148% | $410K | $45K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.7 | −0.063% | $962K | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.2 | −0.234% | $83K | $249K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | 0.0000% | 1h | 1,454.9 | −0.325% | $605K | $1.3M | 25x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.5 | −0.278% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0038% | 8h | 1,455.4 | −0.289% | $291K | $979K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0009% | 1h | 1,455.6 | −0.272% | $377K | — | 100x | 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]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0059% | 1h | 1,459 | −0.041% | $396K | $433K | 5x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,459.6 | 0.000% | $4.6M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.7 | −0.196% | $173K | $1.8M | 50x | as long as short |
| Variational Omni ZEC | +0.0098% | 8h | 1,459.8 | +0.016% | $47.4M | $31.8M | — | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457.2 | −0.162% | $18K | $835K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457 | −0.180% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.3 | −0.160% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,456.9 | −0.185% | $759.4M | $433.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,455.4 | −0.285% | $14.4M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.3 | −0.158% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.6 | −0.341% | $667.8M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,454 | −0.383% | $268.3M | $607.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,454 | −0.381% | $179.2M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | −0.065% | $886K | $16K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,455.5 | −0.284% | $49.8M | $171.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.4 | −0.360% | $212.8M | $772.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.5 | −0.350% | $102.2M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.7 | −0.408% | $161.1M | $275.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,455.9 | −0.251% | — | $97.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,459.4 | −0.017% | $2.4M | $3.8M | 15x | as long as short |
| edgeX ZECUSDClong | +0.0100% | 4h | 1,459.6 | long leg | $568K | $8.8M | 20x | |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | −0.023% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.9 | −0.051% | $420K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.5 | −0.009% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.4 | −0.219% | $324K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.4 | −0.284% | $126K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.3 | −0.362% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.1 | −0.037% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.5 | −0.347% | $240K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,454 | −0.386% | $2.6M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,455.2 | −0.302% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,454.5 | −0.352% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,457.2 | −0.166% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.7 | −0.336% | $48K | $155K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,454.7 | −0.334% | $17.9M | $43.8M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,455.9 | −0.255% | $19.1M | $46.1M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,459.4 | −0.016% | $716K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0328% | 1h | 1,456.6 | −0.203% | $2.0M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,457.4 | −0.151% | $827K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,457.1 | −0.169% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0716% | 1h | 1,460.8 | +0.085% | $43K | $46K | 10x | as long as short |
Ondo Perps ZEC-USD.P
Phoenix ZEC
Popdex ZECUSDT
Variational Omni ZEC
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD