Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.024%
Price spread now: Deribit against Extended−0.096%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)+0.359%+$36 · spread now −0.096%, 7d avg +0.078%
=Together, before fees+0.298%+ Points / potential airdropExtended: Active · farm board+$30 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 0.174% cheaper against Extended than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEC-USD | 1,465.7 | 0.0104 | pay 0.0013% / 1h | 16m 53s | $3.2M | $7.0M | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,464.3 | 0.0007 | get 0.0001% / 1h | 16m 53s | $602K | $1.3M | 25x |
Extended ZEC-USD
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.42
- Price spread: −0.096% → +0.078%
- −$17.43
- Slippage, 4 orders
- −$15.37
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$65.22
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago | 2.16 bp | 5.9 bp −$6 | 11.3 bp −$113 | 79.5 bp −$7,954 | doesn't fit |
| Sell Deribit live order book, 2 min ago | 3.41 bp | 6.9 bp −$7 | 14.3 bp −$143 | 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 | −0.3321% | 1h | 1,466.3 | +0.042% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0344% | 1h | 1,463.8 | −0.127% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0117% | 1h | 1,463.3 | −0.165% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0115% | 8h | 1,463.8 | −0.130% | $29.7M | $72.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.2 | −0.032% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0038% | 8h | 1,469.1 | +0.232% | $47.6M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,464.7 | −0.068% | $412K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,463.7 | −0.141% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464.4 | −0.087% | $956K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.5 | −0.085% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUALshort | +0.0007% | 1h | 1,464.3 | −0.096% | $602K | $1.3M | 25x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.1 | −0.113% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0018% | 8h | 1,463.4 | −0.155% | $292K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,469.3 | +0.247% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,463.8 | −0.127% | $376K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0056% | 8h | 1,465.5 | −0.014% | $181.0M | $1.29B | 50x | as long as short |
| Bybit ZECUSDT | +0.0078% | 8h | 1,465.4 | −0.025% | $272.9M | $633.5M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.2 | −0.104% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,464.8 | −0.066% | $15K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.1 | −0.044% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.5 | −0.015% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,465.3 | −0.028% | $760.6M | $453.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,464.6 | −0.077% | $14.9M | $31.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.4 | −0.024% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.5 | −0.017% | $681.9M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,466.6 | +0.058% | $705K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,465.9 | +0.011% | $892K | $22K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,465.3 | −0.027% | $50.3M | $180.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.4 | −0.019% | $227.5M | $828.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465 | −0.049% | $104.0M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,465.4 | −0.021% | $163.0M | $292.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,464.5 | −0.085% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.4 | +0.186% | $571K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468 | +0.157% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.5 | +0.258% | $430K | $869K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.110% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.3 | −0.096% | $338K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.7 | −0.135% | $127K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.2 | −0.243% | $456K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,465.8 | +0.005% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.8 | −0.134% | $241K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463 | −0.184% | $2.5M | $21.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.5 | −0.082% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USDlong | +0.0104% | 1h | 1,465.7 | long leg | $3.2M | $7.0M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.9 | −0.124% | $54K | $164K | 20x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,465.4 | −0.021% | $19.1M | $50.5M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,465.1 | −0.042% | $850K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,466.5 | +0.052% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0517% | 1h | 1,464.6 | −0.074% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0752% | 1h | 1,465.9 | +0.015% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0764% | 1h | 1,467.5 | +0.120% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Bybit ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD