Funding you earn now, next payment 03:05 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.027%
Price spread now: Perpl against GMX−0.039%7-day average −0.088% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.135%−$13 on $10k
+Price spread, last 4 days (all we have)−0.357%−$36 · spread now −0.039%, 7d avg −0.088%
=Together, before fees−0.492%+ Points / potential airdropPerpl: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.049% dearer against GMX than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.088%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.135% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,456.6 | L +0.0067% / S −0.0018% | pay 0.0008% / 1h | 28m 21s | $409K | — | 100x |
| Short | Perpl ZEC | 1,456.1 | 0 | get 0.0000% / 43m | 42m 21s | $83K | $240K | 10x |
GMX ZEC/USD [WBTC.b-USDC]
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$14.13
- Price spread: −0.039% → −0.088%
- $4.88
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$35.04
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Perpl no order-book sample | — | — | — | — | — |
GMX and 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 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 | −0.3166% | 1h | 1,457.3 | +0.045% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,456.1 | −0.035% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0067% | 8h | 1,456.4 | −0.017% | $29.3M | $70.9M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.7 | −0.133% | $410K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,457.2 | +0.041% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,456.1 | −0.039% | $83K | $240K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.6 | −0.006% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,456.2 | −0.032% | $291K | $956K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0067% / S −0.0018% | 1h | 1,456.6 | long leg | $409K | — | 100x | |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,455.7 | −0.064% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,455.6 | −0.074% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,455.3 | −0.089% | $11K | $859K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456 | −0.045% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.4 | +0.049% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.1 | +0.101% | $757.9M | $432.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456 | −0.043% | $14.5M | $27.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.6 | −0.069% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.7 | +0.002% | $669.3M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,455.8 | −0.054% | $262.4M | $600.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,456.2 | −0.029% | $177.8M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,457 | +0.025% | $395K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.183% | $877K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.7 | +0.006% | $50.4M | $173.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.9 | +0.019% | $215.5M | $772.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.6 | −0.070% | $102.5M | $53.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.6 | −0.004% | $165.8M | $271.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.007% | — | $103.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.2 | −0.031% | $2.4M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,455 | −0.111% | $47.6M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.6 | −0.074% | $567K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.2 | −0.030% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,454.8 | −0.123% | $405K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.4 | −0.017% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.6 | −0.002% | $366K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.1 | +0.032% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.2 | −0.096% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.5 | +0.197% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.039% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455.6 | −0.074% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.4 | −0.019% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.4 | −0.088% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456 | −0.042% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,455.9 | −0.049% | $4.6M | $1.3M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0277% | 1h | 1,456.7 | +0.004% | $18.0M | $44.9M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0287% | 1h | 1,457 | +0.028% | $609K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,456.5 | −0.007% | $19.2M | $45.9M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,455.7 | −0.063% | $921K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,458.5 | +0.129% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0480% | 1h | 1,457.3 | +0.046% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,456.9 | +0.017% | $695K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0676% | 1h | 1,455.6 | −0.069% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit 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-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Phoenix ZEC
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD