Funding you earn now, next payment 22:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.41 per $10,000 · paid last 24h −0.030%
Price spread now: Bulk against Extended+0.168%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.168%, 7d avg −0.010%
=Together, before fees−0.080%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.178% dearer against Extended than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of −0.010%): +$18 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 3 days (−0.034% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.034% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEC-USD | 1,452.5 | 0.0432 | pay 0.0054% / 1h | 56m 10s | $3.3M | $7.0M | 10x |
| Short | Bulk ZEC-USD | 1,454.9 | 0.0100 | get 0.0013% / 1h | 56m 10s | $896K | $37K | 10x |
Extended ZEC-USD
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Extended. 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
- −$69.72
- Price spread: +0.168% → −0.010%
- $17.77
- Slippage, 4 orders
- −$10.22
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$74.16
- Costs to cover
- 0.222%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Bulk: live order book, 33 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 Extended live order book, 3 min ago | 3.31 bp | 9.2 bp −$9 | 15.5 bp −$155 | 110.4 bp −$11.0K | doesn't fit |
| Sell Bulk live order book, 33 min ago | 0.07 bp | 3.6 bp −$4 | 3.9 bp −$39 | 8.6 bp −$858 | 18.5 bp −$9,234 |
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 | 1,454.5 | +0.141% | $34K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452 | −0.032% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,452 | −0.033% | $17.6M | $44.9M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0059% | 8h | 1,450.1 | −0.160% | $29.1M | $76.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0041% | 8h | 1,455.2 | +0.193% | $46.3M | $31.5M | — | as long as short |
| Bybit ZECUSDT | −0.0018% | 8h | 1,451.7 | −0.053% | $268.5M | $679.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.4 | +0.065% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.5 | +0.071% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.1 | −0.028% | $82K | $400K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0006% | 8h | 1,452.2 | −0.019% | $291K | $1.5M | 20x | 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
Orderly PERP_ZEC_USDCShow 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 | 1,452.5 | +0.004% | $5.1M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0034% | 8h | 1,452 | −0.031% | $172.5M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,452.8 | +0.026% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0041% / S +0.0061% | 1h | 1,452.4 | −0.005% | $535K | — | 100x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,455.2 | +0.187% | $4.6M | $1.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0047% | 8h | 1,452.1 | −0.027% | $15.1M | $35.3M | 75x | as long as short |
| Gate ZEC_USDT | +0.0062% | 8h | 1,452 | −0.029% | $49.1M | $184.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0092% | 8h | 1,452.2 | −0.017% | $213.1M | $877.3M | 150x | as long as short |
| Binance ZECUSDT | +0.0094% | 8h | 1,452.1 | −0.025% | $660.8M | $2.55B | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452.8 | +0.025% | $17K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.4 | −0.001% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.7 | +0.087% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.7 | +0.018% | $3.0M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453 | +0.038% | $752.3M | $508.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.1 | +0.116% | $1.6M | $3.1M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.9 | −0.176% | $393K | $522K | 5x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,454.9 | +0.168% | $896K | $37K | 10x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.1 | −0.028% | $103.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.1 | −0.026% | $162.3M | $317.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.9 | −0.041% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.7 | +0.019% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.3 | +0.056% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.4 | −0.007% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | +0.010% | $711K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.1 | −0.091% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.1 | −0.024% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.2 | −0.020% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451 | −0.097% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.222% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.008% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.8 | +0.023% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.038% | $3.7M | $5.5M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.5 | +0.005% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,453.5 | +0.073% | $18.8M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,453.2 | +0.050% | $862K | $2.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0287% | 1h | 1,453.4 | +0.062% | $568K | $1.3M | 25x | as long as short |
| Extended ZEC-USDlong | +0.0432% | 1h | 1,452.5 | long leg | $3.3M | $7.0M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.1 | +0.112% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0462% | 1h | 1,453.8 | +0.092% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,455.2 | +0.190% | $753K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0616% | 1h | 1,454.3 | +0.124% | $2.0M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Aster ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
Binance ZECUSDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Ondo Perps ZEC-USD.P
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC