Funding you earn now, next payment 00:55 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.017%
Price spread now: Perpl against Gate−0.082%7-day average −0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 4 days (all we have)+1.863%+$186 · spread now −0.082%, 7d avg −0.030%
=Together, before fees+1.958%+ Points / potential airdropPerpl: Active · farm board+$196 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 Perpl is 0.052% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.030%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.095%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZEC_USDT | 1,473.2 | 0.0100 | pay 0.0100% / 8h | 6h 32m | $50.0M | $175.3M | 75x |
| Short | Perpl ZEC | 1,472 | 0 | get 0.0000% / 43m | 37m 43s | $84K | $258K | 10x |
Gate ZEC_USDT
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Gate. 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: −0.082% → −0.030%
- −$5.18
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$54.98
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 1 min ago; Perpl: no order-book sample. 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 Gate live order book, 1 min ago | 0.20 bp | 10.3 bp −$10 | 16.9 bp −$169 | 32.1 bp −$3,212 | 54.8 bp −$27.4K |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 50 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 | −0.3678% | 1h | 1,471.7 | −0.100% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | −0.074% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0018% | 1h | 1,471.7 | −0.102% | $399K | $518K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,472.6 | −0.043% | $18.0M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.7 | +0.031% | $415K | $56K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.6 | −0.108% | $974K | $5.0M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,472 | −0.082% | $84K | $258K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.3 | −0.060% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0027% | 8h | 1,472.4 | −0.052% | $294K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0033% | 8h | 1,470.4 | −0.188% | $47.9M | $33.3M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,472.4 | −0.057% | $385K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,472.4 | −0.053% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,471.2 | −0.136% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0093% | 8h | 1,474.8 | +0.110% | $181.4M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.6 | −0.109% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,471.3 | −0.126% | $16K | $839K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,474.7 | +0.100% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472 | −0.084% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.9 | +0.115% | $767.3M | $444.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.9 | −0.021% | $14.9M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475 | +0.123% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.7 | +0.105% | $681.2M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,474.6 | +0.097% | $272.1M | $626.9M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.184% | $893K | $19K | 10x | as long as short |
| Gate ZEC_USDTlong | +0.0100% | 8h | 1,473.2 | long leg | $50.0M | $175.3M | 75x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,475 | +0.123% | $217.4M | $797.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.2 | +0.065% | $103.7M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,475 | +0.120% | $163.7M | $285.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.9 | −0.018% | — | $100.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.3 | −0.132% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.9 | −0.020% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,471.9 | −0.090% | $428K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.9 | −0.091% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.075% | $339K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.054% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471 | −0.151% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474 | +0.056% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.5 | −0.049% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.4 | −0.054% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.6 | −0.041% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.5 | −0.051% | $3.1M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.1 | −0.074% | $48K | $167K | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,475.7 | +0.169% | $689K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,476.2 | +0.206% | $19.2M | $48.1M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0287% | 1h | 1,473.2 | +0.001% | $606K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,475.2 | +0.138% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,472.4 | −0.054% | $864K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,473.8 | +0.040% | $3.6M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0508% | 1h | 1,472.8 | −0.029% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0726% | 1h | 1,471.9 | −0.091% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
Arcus ZEC-USD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD