Funding you earn now, next payment 00:00 UTC−0.0210%/8h= −23.0% APRnext payment −$2.10 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against GRVT−0.183%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days+0.176%+$18 · spread now −0.183%, 7d avg −0.001%
=Together, before fees+0.131%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.182% cheaper against GRVT than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ZEC_USDT_Perp | 1,471.6 | 0.0100 | pay 0.0100% / 8h | 33m 22s | $3.0M | $454K | 10x |
| Short | Bybit ZECUSDT | 1,468.9 | −0.0110 | pay 0.0110% / 8h | 33m 22s | $274.7M | $655.2M | 75x |
GRVT ZEC_USDT_Perp
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$44.11
- Price spread: −0.183% → −0.001%
- −$18.22
- Slippage, 4 orders
- −$4.82
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$87.16
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Bybit: live order book, 6 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 | 1.43 bp | 5.9 bp −$6 | 8.7 bp −$87 | 8554.3 bp −$855.4K | 82711.4 bp −$41.36M |
| Sell Bybit live order book, 6 min ago | 0.03 bp | 6.8 bp −$7 | 8.4 bp −$84 | 15.2 bp −$1,515 | doesn't fit |
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 | −0.3089% | 1h | 1,474.7 | +0.211% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0273% | 1h | 1,470.1 | −0.103% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,469.9 | −0.119% | $17.9M | $44.3M | 25x | as long as short |
| Bybit ZECUSDTshort | −0.0110% | 8h | 1,468.9 | −0.183% | $274.7M | $655.2M | 75x | |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,469.8 | −0.126% | $29.6M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.6 | −0.071% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0051% | 8h | 1,469.5 | −0.144% | $47.0M | $33.7M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0037% | 1h | 1,472.7 | +0.076% | $432K | $832K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.3 | −0.025% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.4 | +0.052% | $901K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,470.1 | −0.106% | $83K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,470.8 | −0.056% | $613K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.2 | −0.098% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,470 | −0.110% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.2 | +0.107% | $4.7M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,469.6 | −0.136% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0034% | 8h | 1,469.7 | −0.130% | $180.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0043% | 8h | 1,469.6 | −0.139% | $50.7M | $186.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.1 | −0.101% | $371K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,471.3 | −0.021% | $19.1M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.5 | −0.142% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,468.9 | −0.185% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.1 | −0.106% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.2 | −0.026% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.8 | −0.055% | $762.2M | $474.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.7 | −0.133% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.1 | −0.037% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.8 | −0.125% | $682.4M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.009% | $719K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.099% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.7 | −0.127% | $233.8M | $837.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.6 | −0.140% | $103.5M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.9 | −0.115% | $162.8M | $302.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.9 | −0.116% | — | $102.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.8 | +0.011% | $514K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,471.6 | long leg | $3.0M | $454K | 10x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.079% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.6 | −0.137% | $345K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.6 | −0.134% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.4 | −0.219% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472 | +0.025% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.125% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.7 | −0.132% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.5 | −0.078% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.2 | −0.095% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.2 | −0.097% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,470.3 | −0.087% | $824K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0430% | 1h | 1,471.8 | +0.013% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.3 | +0.043% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0480% | 1h | 1,472.6 | +0.068% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0698% | 1h | 1,472 | +0.025% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
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
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD