Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.57 per $10,000 · paid last 24h +0.004%
Price spread now: OKX against GRVT−0.171%61s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$250.246% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 7 days+0.207%+$21 · spread now −0.171%, 7d avg −0.002%
=Together, before fees−0.063%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.168% cheaper against GRVT than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 61 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 | 1,472.6 | 0.0100 | pay 0.0100% / 8h | 7h 38m | $3.0M | $454K | 10x |
| Short | OKX ZEC-USDT-SWAP | 1,470.1 | 0.0043 | get 0.0043% / 8h | 7h 38m | $181.9M | $1.31B | 50x |
GRVT ZEC_USDT_Perp
OKX ZEC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$12
- Price spread: −0.171% → −0.002%
- −$16.85
- Slippage, 4 orders
- −$5.56
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$53.41
- Costs to cover
- 0.246%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; OKX: 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 | 1.29 bp | 5.8 bp −$6 | 7.1 bp −$71 | 3768.1 bp −$376.8K | 58799.1 bp −$29.40M |
| Sell OKX live order book, 6 min ago | 0.03 bp | 5.8 bp −$6 | 8.7 bp −$87 | 18.4 bp −$1,838 | 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 | −0.3321% | 1h | 1,472 | −0.041% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,471.4 | −0.081% | $17.9M | $43.1M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0149% | 1h | 1,469.6 | −0.206% | $399K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0103% | 8h | 1,471.2 | −0.100% | $29.8M | $73.5M | 75x | as long as short |
| Bybit ZECUSDT | −0.0082% | 8h | 1,469.9 | −0.183% | $274.5M | $639.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.5 | −0.075% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0058% | 8h | 1,471.8 | −0.059% | $47.7M | $34.3M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.2 | −0.099% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.4 | −0.080% | $957K | $5.3M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.1 | −0.173% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.5 | −0.078% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,471.2 | −0.096% | $294K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAPshort | +0.0043% | 8h | 1,470.1 | −0.171% | $181.9M | $1.31B | 50x | |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,469.9 | −0.186% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,471.1 | −0.103% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471.1 | −0.104% | $378K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0088% | 1h | 1,472.1 | −0.038% | $614K | $1.3M | 25x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.6 | −0.141% | $176K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.2 | −0.098% | $60K | $39K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,471.1 | −0.107% | $14K | $836K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.5 | −0.076% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.3 | −0.023% | $764.0M | $454.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.7 | −0.131% | $14.9M | $32.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.5 | −0.074% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.7 | −0.131% | $684.5M | $2.39B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.033% | $698K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471 | −0.112% | $895K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,471.1 | −0.107% | $51.4M | $178.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471 | −0.113% | $230.9M | $823.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471 | −0.113% | $105.3M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.4 | −0.152% | $163.5M | $294.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.2 | −0.166% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.4 | −0.150% | $572K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,472.6 | long leg | $3.0M | $454K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470.1 | −0.175% | $430K | $860K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.7 | −0.063% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.1 | −0.172% | $332K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.9 | −0.115% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.5 | −0.215% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.4 | +0.049% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.4 | −0.084% | $242K | $4.1M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.2 | −0.166% | $2.5M | $21.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.036% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471 | −0.108% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.3 | −0.090% | $68K | $173K | 20x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,472.5 | −0.009% | $19.2M | $50.3M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,471.4 | −0.082% | $841K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,473.6 | +0.066% | $3.8M | $10.2M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0556% | 1h | 1,472.1 | −0.038% | $2.6M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0768% | 1h | 1,473.5 | +0.061% | $2.0M | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0770% | 1h | 1,472.6 | −0.001% | $44K | $48K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD