Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Bullet against GMX+0.004%7-day average −0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.004%, 7d avg −0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.042% dearer against GMX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,494.8 | L +0.0101% / S −0.0053% | pay 0.0013% / 1h | 20m 31s | $449K | — | 100x |
| Short | Bullet ZEC-USD | 1,494.8 | 0.0100 | get 0.0013% / 1h | 20m 31s | $164K | $183K | 20x |
GMX ZEC/USD [WBTC.b-USDC]
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against GMX. 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
- −$0.15
- Price spread: +0.004% → −0.037%
- $4.17
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$15.98
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bullet: live order book, 28 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 28 min ago | 1.71 bp | 6.1 bp −$6 | 9.3 bp −$93 | doesn't fit | doesn't fit |
GMX: 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 | −0.3243% | 1h | 1,493 | −0.118% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0108% | 8h | 1,493.9 | −0.061% | $30.3M | $72.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,506.1 | +0.758% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,503.7 | +0.595% | $418K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,496.7 | +0.131% | $1.6M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,494.9 | +0.009% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,495.1 | +0.024% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,494.4 | −0.025% | $299K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,506.3 | +0.768% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,475.1 | −1.316% | $4.7M | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0095% | 8h | 1,507.6 | +0.856% | $273.7M | $606.6M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,506.1 | +0.757% | $143K | $1.7M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,506.4 | +0.775% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,495 | +0.019% | $2.8M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,506.1 | +0.758% | $785.3M | $426.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,505.4 | +0.714% | $14.8M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504.7 | +0.663% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,506.2 | +0.763% | $699.1M | $2.20B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,507.7 | +0.863% | $181.4M | $1.27B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,509.9 | +1.012% | $403K | $445K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,479.3 | −1.036% | $894K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,506 | +0.751% | $54.5M | $174.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.1 | +0.693% | $232.8M | $770.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,506.3 | +0.769% | $106.6M | $53.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,506.4 | +0.775% | $169.6M | $272.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,503.6 | +0.592% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,494.7 | −0.006% | $48.9M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,479.1 | −1.050% | $558K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,481.5 | −0.890% | $3.0M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,481.5 | −0.889% | $410K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,484 | −0.718% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,495.8 | +0.069% | $369K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,494.8 | +0.004% | $164K | $183K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,493.6 | −0.081% | $456K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,497.2 | +0.165% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494.2 | −0.036% | $247K | $3.3M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,492.3 | −0.164% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.3 | −0.029% | $3.9M | $4.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,505.6 | +0.727% | $13K | $830K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0101% / S −0.0053% | 1h | 1,494.8 | long leg | $449K | — | 100x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,505.6 | +0.724% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,495.1 | +0.025% | $45K | $153K | 20x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,506.3 | +0.774% | $2.2M | $7.2M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0144% | 1h | 1,494.2 | −0.037% | $18.2M | $45.8M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,506.1 | +0.758% | $948K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0184% | 1h | 1,505.5 | +0.718% | $19.7M | $44.3M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0373% | 1h | 1,495.5 | +0.048% | $636K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0411% | 1h | 1,495.6 | +0.058% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,496.2 | +0.094% | $3.8M | $9.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,505.3 | +0.705% | $639K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0709% | 1h | 1,480.6 | −0.946% | $45K | $49K | 10x | as long as short |
Bybit ZECUSDT
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance 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
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD