Funding you earn now, next payment 08:00 UTC−0.0153%/8h= −16.8% APRpaid last 24h −0.021%
Price spread now: Bulk against GRVT−0.234%55s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.193% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.234%, 7d avg −0.004%
=Together, before fees+0.205%+ Points / potential airdropGRVT: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bulk is 0.230% cheaper against GRVT than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ZEC_USDT_Perp | 1,494.6 | 0.0100 | pay 0.0100% / 8h | 23m 56s | $3.1M | $514K | 10x |
| Short | Bulk ZEC-USD | 1,491.1 | −0.0053 | pay 0.0007% / 1h | 23m 56s | $858K | $48K | 10x |
GRVT ZEC_USDT_Perp
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against GRVT. 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
- −$32.17
- Price spread: −0.234% → −0.004%
- −$23.03
- Slippage, 4 orders
- −$3.27
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$74.47
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Bulk: live order book, 15 min ago.
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 GRVT live order book, 5 min ago | 1.37 bp | 6.3 bp −$6 | 9.8 bp −$98 | 10104.8 bp −$1.01M | 90455.7 bp −$45.23M |
| Sell Bulk live order book, 15 min ago | 0.03 bp | 3.5 bp −$4 | 3.8 bp −$38 | 9.2 bp −$924 | 19.0 bp −$9,514 |
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 | −0.3442% | 1h | 1,478.8 | −1.058% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,491.6 | −0.204% | $61K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0144% | 8h | 1,491.6 | −0.204% | $31.2M | $75.4M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0100% | 1h | 1,494.2 | −0.028% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,494.2 | −0.027% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USDshort | −0.0053% | 1h | 1,491.1 | −0.234% | $858K | $48K | 10x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,492 | −0.177% | $415K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,494 | −0.041% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,493.3 | −0.090% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,495.7 | +0.072% | $17.9M | $47.1M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0031% | 1h | 1,495.2 | +0.037% | $408K | $554K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,494.2 | −0.030% | $301K | $917K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,494.2 | −0.029% | $4.8M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0096% | 1h | 1,492.4 | −0.149% | $8K | $6K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,492.2 | −0.161% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,492.1 | −0.171% | $17K | $881K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,492.3 | −0.159% | $62K | $20K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,493.1 | −0.101% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,495.2 | +0.039% | $781.2M | $438.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,493.8 | −0.058% | $14.0M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,493 | −0.111% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,494.2 | −0.030% | $700.0M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494 | −0.043% | $268.4M | $617.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,494.2 | −0.029% | $184.1M | $1.33B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,494.1 | −0.035% | $56.5M | $185.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,494.1 | −0.035% | $239.5M | $801.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,494.4 | −0.015% | $102.7M | $56.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494.2 | −0.029% | $161.4M | $288.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,493.4 | −0.084% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,492.9 | −0.118% | $48.8M | $34.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,494.7 | +0.004% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,494.6 | long leg | $3.1M | $514K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,496.1 | +0.097% | $412K | $948K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,494.1 | −0.037% | $55K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,492.2 | −0.163% | $357K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,493.2 | −0.094% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,493.3 | −0.092% | $456K | $469K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,494.3 | −0.020% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,495 | +0.023% | $253K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,493 | −0.110% | $2.7M | $20.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.8 | +0.008% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,494.2 | −0.030% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,494.5 | −0.010% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,492.3 | −0.153% | $939K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0136% | 1h | 1,495.7 | +0.069% | $2.1M | $7.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0144% / S −0.0141% | 1h | 1,493.3 | −0.093% | $332K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0178% | 1h | 1,495.5 | +0.056% | $683K | $1.4M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,496.8 | +0.142% | $19.8M | $45.6M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,493.5 | −0.078% | $622K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,495.4 | +0.049% | $3.7M | $10.0M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0537% | 1h | 1,494.9 | +0.019% | $2.3M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
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
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
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
RISEx ZEC/USDC
Lighter RH ZEC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP