Funding you earn now, next payment 00:00 UTC−0.0362%/8h= −39.7% APRpaid last 24h +0.001%
Price spread now: Ondo Perps against GRVT−0.153%7-day average −0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.153%, 7d avg −0.013%
=Together, before fees+0.352%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Ondo Perps is 0.140% cheaper against GRVT than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment. 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 | 1,474 | 0.0100 | pay 0.0100% / 8h | 3m 27s | $3.0M | $454K | 10x |
| Short | Ondo Perps ZEC-USD.P | 1,471.7 | −0.0262 | pay 0.0033% / 1h | 3m 27s | $399K | $521K | 5x |
GRVT ZEC_USDT_Perp
Ondo Perps ZEC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$76.1
- Price spread: −0.153% → −0.013%
- −$14
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$104.1
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 5 min ago; Ondo Perps: 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, 5 min ago | 0.41 bp | 4.9 bp −$5 | 7.7 bp −$77 | 7867.7 bp −$786.8K | 79281.5 bp −$39.64M |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.3089% | 1h | 1,473.7 | −0.015% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.Pshort | −0.0262% | 1h | 1,471.7 | −0.153% | $399K | $521K | 5x | |
| Kraken Futures PF_ZECUSD | −0.0224% | 1h | 1,474.4 | +0.030% | $17.9M | $44.0M | 25x | as long as short |
| Bybit ZECUSDT | −0.0116% | 8h | 1,473.7 | −0.016% | $275.4M | $650.8M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0107% | 8h | 1,472.4 | −0.108% | $29.6M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.8 | −0.008% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0062% | 8h | 1,470.9 | −0.208% | $47.7M | $34.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.7 | +0.051% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.7 | +0.049% | $959K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.8 | −0.079% | $84K | $406K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
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 | 1,474.7 | +0.050% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,474.9 | +0.061% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,474.1 | +0.007% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.2 | −0.051% | $4.7M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0035% | 1h | 1,472.6 | −0.095% | $432K | $845K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,473.3 | −0.045% | $182.0M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0048% | 8h | 1,473.8 | −0.008% | $51.3M | $188.0M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474.6 | +0.044% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.3 | +0.093% | $19.2M | $52.6M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,474.2 | +0.016% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,474.8 | +0.057% | $19K | $851K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.6 | −0.025% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,475 | +0.070% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.5 | +0.037% | $763.9M | $472.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.6 | −0.026% | $15.0M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.3 | +0.022% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.2 | +0.015% | $684.5M | $2.45B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475.1 | +0.074% | $694K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.080% | $896K | $38K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.7 | −0.015% | $228.5M | $847.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.6 | −0.022% | $104.6M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.5 | −0.032% | $163.9M | $300.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,472.8 | −0.082% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.1 | −0.124% | $513K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,474 | long leg | $3.0M | $454K | 10x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.8 | +0.057% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.1 | +0.010% | $335K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.084% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.6 | −0.092% | $459K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.5 | +0.172% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.1 | +0.010% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473 | −0.065% | $2.5M | $22.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474.4 | +0.027% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.1 | +0.009% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.5 | +0.039% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0111% | 1h | 1,475.2 | +0.085% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,474.8 | +0.057% | $838K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0393% | 1h | 1,475.1 | +0.080% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,476.5 | +0.170% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,475.9 | +0.133% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0769% | 1h | 1,474.2 | +0.018% | $46K | $47K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
ApeX Omni ZECUSDT
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-USDC
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
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD