Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Derive against GRVT−0.339%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+1.471%+$147 · spread now −0.339%, 7d avg −0.034%
=Together, before fees+1.464%+ Points / potential airdropGRVT: Active · farm board+$146 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.305% cheaper against GRVT than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ZEC_USDT_Perp | 1,452.4 | 0.0100 | pay 0.0100% / 8h | 4h 53m | $3.0M | $432K | 10x |
| Short | Derive ZEC-PERP | 1,447.5 | 0.0100 | get 0.0013% / 1h | 53m 17s | $442K | $521K | 6.7x |
GRVT ZEC_USDT_Perp
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $0
- Price spread: −0.339% → −0.034%
- −$30.47
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$45.47
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 6 min ago; 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 GRVT live order book, 6 min ago | 1.41 bp | 5.9 bp −$6 | 7.0 bp −$70 | 9440.0 bp −$944.0K | 87136.4 bp −$43.57M |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.3166% | 1h | 1,449.6 | −0.196% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450 | −0.165% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,448.4 | −0.281% | $29.2M | $70.3M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.3 | −0.217% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.7 | −0.121% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,449.8 | −0.179% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,448.5 | −0.270% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0058% | 8h | 1,448.5 | −0.273% | $290K | $958K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0063% / S −0.0014% | 1h | 1,448.4 | −0.278% | $407K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,450 | −0.169% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-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 | 1,449.7 | −0.185% | $172K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,449.3 | −0.215% | $9K | $870K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.8 | −0.180% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.1 | −0.158% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,450.3 | −0.146% | $754.4M | $434.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,449.4 | −0.211% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,450.1 | −0.161% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,448.8 | −0.253% | $664.5M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,448.1 | −0.296% | $261.4M | $602.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,448.9 | −0.244% | $177.4M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.257% | $395K | $449K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,449.4 | −0.206% | $876K | $23K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,449 | −0.239% | $49.8M | $171.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,449.4 | −0.210% | $213.2M | $767.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.5 | −0.202% | $101.9M | $55.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,448.8 | −0.249% | $161.7M | $272.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,448.8 | −0.250% | — | $98.3M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.9 | −0.105% | $2.5M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,451.4 | −0.071% | $47.5M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.4 | −0.143% | $564K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,452.4 | long leg | $3.0M | $432K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450 | −0.169% | $408K | $912K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.6 | −0.124% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,448.8 | −0.250% | $366K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,448.7 | −0.258% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,447.5 | −0.339% | $442K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452.4 | −0.001% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,448.6 | −0.262% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449.5 | −0.203% | $2.6M | $18.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,448.8 | −0.251% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,448.3 | −0.282% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,448.3 | −0.288% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,450.6 | −0.125% | $4.6M | $1.3M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0279% | 1h | 1,448.4 | −0.280% | $17.9M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0304% | 1h | 1,449.9 | −0.175% | $19.0M | $45.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0392% | 1h | 1,450.3 | −0.149% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,450.3 | −0.149% | $830K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,450.9 | −0.107% | $3.7M | $8.9M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0517% | 1h | 1,449.6 | −0.193% | $608K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,451.8 | −0.045% | $725K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0677% | 1h | 1,450.8 | −0.113% | $44K | $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
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Kraken Futures PF_ZECUSD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Aftermath Perps ZECUSD