Funding you earn now, next payment 23:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.15 per $10,000 · paid last 24h −0.012%
Price spread now: SoDEX against GMX+0.024%7-day average −0.025% · 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)+0.041%+$4 on $10k
+Price spread, last 3 days (all we have)+0.117%+$12 · spread now +0.024%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.049% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,464 | L −0.0017% / S +0.0093% | get 0.0002% / 1h | 28m 03s | $540K | — | 100x |
| Short | SoDEX ZEC-USD | 1,464.3 | 0.0100 | get 0.0013% / 1h | 28m 03s | $222K | $4.5M | 10x |
GMX ZEC/USD [WBTC.b-USDC]
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $24.49
- Price spread: +0.024% → −0.025%
- $4.9
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $9.39
- Costs to cover
- 0.200%
- Break-even
- 4.3 days
Slippage unknown: GMX: no order-book sample; SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago | 0.07 bp | 4.7 bp −$5 | 15.9 bp −$159 | 102.9 bp −$10.3K | 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 | −0.3310% | 1h | 1,463.6 | −0.025% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,464.2 | +0.017% | $17.8M | $45.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0214% | 1h | 1,460.2 | −0.258% | $397K | $513K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,463.4 | −0.040% | $29.3M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,463.3 | −0.045% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.128% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0054% | 8h | 1,463.3 | −0.044% | $271.4M | $669.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,463 | −0.070% | $46.5M | $33.7M | — | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L −0.0017% / S +0.0093% | 1h | 1,464 | long leg | $540K | — | 100x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,463.9 | −0.005% | $412K | $104K | 5x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463.8 | −0.014% | $885K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,463.1 | −0.057% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.1 | +0.007% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,464.1 | +0.009% | $292K | $1.4M | 20x | as long as short |
| ApeX Omni ZECUSDT | +0.0029% | 1h | 1,462.7 | −0.087% | $429K | $821K | 50x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,464.4 | +0.029% | $49.8M | $185.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0050% | 8h | 1,463.9 | −0.005% | $176.2M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,463.9 | −0.008% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,464 | −0.001% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,463.4 | −0.037% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,463.6 | −0.029% | $14K | $842K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.3 | −0.044% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.8 | −0.010% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,465.4 | +0.098% | $759.7M | $485.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,464 | +0.004% | $15.6M | $33.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.8 | −0.011% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,464.3 | +0.023% | $674.6M | $2.49B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,464.3 | +0.025% | $222.6M | $863.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.9 | −0.002% | $103.6M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,464.8 | +0.055% | $162.1M | $305.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,462.9 | −0.073% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,462.1 | −0.126% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.4 | −0.105% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,463.7 | −0.019% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462.8 | −0.080% | $343K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.6 | −0.029% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.5 | −0.101% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,465.5 | +0.102% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,464.3 | +0.024% | $222K | $4.5M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462.3 | −0.115% | $2.5M | $23.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.5 | +0.037% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,464.3 | +0.019% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.3 | +0.025% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,465.9 | +0.129% | $19.0M | $52.6M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0154% | 1h | 1,465 | +0.069% | $596K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0180% | 1h | 1,464.8 | +0.055% | $2.3M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,463.8 | −0.014% | $842K | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,466.3 | +0.161% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,465.2 | +0.081% | $3.7M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,464.7 | +0.051% | $730K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0558% | 1h | 1,464.5 | +0.033% | $40K | $34K | 10x | as long as short |
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
ApeX Omni ZECUSDT
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD