ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: Derive against GMX−0.051%7-day average −0.074% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.525%+$53 · spread now −0.051%, 7d avg −0.074%

Together, before fees+0.594%+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Derive is 0.023% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZEC/USD [WBTC.b-USDC]	1,459.2	L +0.0054% / S −0.0009%	pay 0.0007% / 1h	42m 19s	$378K	—	100x
Short	Derive ZEC-PERP	1,458.4	0.0100	get 0.0013% / 1h	42m 19s	$445K	$521K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee DerivebpOrdersPrice spread, now −0.051%Rate

Funding earned: $9.68
Price spread: −0.051% → −0.074%: $2.31
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$6.01
Costs to cover: 0.180%
Break-even: 11.3 days

Slippage unknown: GMX: no order-book sample; Derive: 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 GMX no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

GMX and Derive: 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	−0.3244%	1h	1,462	+0.189%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.5	+0.160%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,459.5	+0.021%	$29.6M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.1	−0.003%	$411K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,459.6	+0.030%	$963K	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,459.3	+0.006%	$83K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.4	+0.014%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0038%	8h	1,459.5	+0.024%	$292K	$977K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0053%	1h	1,459	−0.013%	$396K	$433K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]long	L +0.0054% / S −0.0009%	1h	1,459.2	long leg	$378K	—	100x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,459.6	+0.028%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459	−0.012%	$173K	$1.8M	50x	as long as short
Variational Omni ZEC	+0.0098%	8h	1,459.8	+0.045%	$47.4M	$31.8M	—	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.6	+0.029%	$18K	$835K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459	−0.010%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459.4	+0.013%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,459.8	+0.043%	$760.6M	$433.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459	−0.016%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.3	+0.010%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.2	+0.002%	$669.9M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.1	−0.006%	$269.5M	$606.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.7	+0.037%	$179.8M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	−0.037%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.3	+0.006%	$50.0M	$170.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459	−0.014%	$215.5M	$770.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.1	−0.004%	$102.6M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.4	+0.013%	$161.9M	$275.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,459.4	+0.015%	—	$97.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,460	+0.058%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	+0.161%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.009%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.5	+0.158%	$421K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459.8	+0.043%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,458.6	−0.040%	$324K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.1	−0.008%	$126K	$160K	20x	as long as short
Derive ZEC-PERPshort	+0.0100%	1h	1,458.4	−0.051%	$445K	$521K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,462	+0.196%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.3	+0.006%	$240K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.3	−0.060%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.5	+0.023%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.3	+0.006%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,459.3	+0.010%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.9	−0.023%	$48K	$155K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0105%	1h	1,460.2	+0.071%	$608K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,459.2	0.000%	$18.0M	$43.7M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,460.9	+0.118%	$19.1M	$46.0M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,461.4	+0.150%	$707K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0328%	1h	1,461.4	+0.148%	$2.1M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,459.5	+0.021%	$831K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,461.3	+0.144%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0716%	1h	1,461.6	+0.164%	$43K	$46K	10x	as long as short