Funding you earn now, next payment 00:00 UTC−0.0141%/8h= −15.5% APRnext payment −$1.41 per $10,000 · paid last 24h +0.012%
Price spread now: Variational Omni against GRVT+0.029%59s7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.029%, 7d avg −0.027%
=Together, before fees−0.053%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.057% dearer against GRVT than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.027%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours. The two prices were read 59 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 | 1,454.8 | 0.0100 | pay 0.0100% / 8h | 2h 58m | $3.0M | $512K | 10x |
| Short | Variational Omni ZEC | 1,455.2 | −0.0041 | pay 0.0041% / 8h | 2h 58m | $46.3M | $31.5M | — |
GRVT ZEC_USDT_Perp
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$29.64
- Price spread: +0.029% → −0.027%
- $5.65
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$32.99
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. 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 | 1.65 bp | 8.0 bp −$8 | 11.9 bp −$119 | 14113.7 bp −$1.41M | 110480.1 bp −$55.24M |
| Sell Variational Omni RFQ quote, 1 min ago | 4.58 bp | doesn't fit | 6.6 bp −$66 | 14.3 bp −$1,429 | 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 | −0.3476% | 1h | 1,455 | +0.014% | $34K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.4 | −0.168% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,452.3 | −0.170% | $17.6M | $45.0M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0058% | 8h | 1,452.6 | −0.151% | $29.2M | $76.3M | 75x | as long as short |
| Variational Omni ZECshort | −0.0041% | 8h | 1,455.2 | +0.029% | $46.3M | $31.5M | — | |
| Ondo Perps ZEC-USD.P | −0.0041% | 1h | 1,454.2 | −0.043% | $395K | $523K | 5x | as long as short |
| Bybit ZECUSDT | −0.0023% | 8h | 1,450.4 | −0.307% | $268.6M | $677.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453 | −0.127% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.7 | −0.077% | $850K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.8 | −0.278% | $82K | $400K | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0004% | 8h | 1,452.7 | −0.145% | $291K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0007% | 1h | 1,453.3 | −0.103% | $569K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,451.2 | −0.247% | $5.1M | — | 150x | as long as short |
| Polymarket Perps ZEC-USD | +0.0017% | 1h | 1,450.6 | −0.290% | $298K | $2.1M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0031% | 8h | 1,450.7 | −0.286% | $172.4M | $1.37B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0043% / S +0.0060% | 1h | 1,452.8 | −0.141% | $535K | — | 100x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,455.2 | +0.023% | $4.6M | $1.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0047% | 8h | 1,451.6 | −0.225% | $15.0M | $35.0M | 75x | as long as short |
| Gate ZEC_USDT | +0.0052% | 8h | 1,451.4 | −0.237% | $49.2M | $183.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,451.1 | −0.257% | $8K | $8K | 5x | as long as short |
| MEXC ZEC_USDT | +0.0091% | 8h | 1,451.1 | −0.259% | $213.2M | $876.1M | 150x | as long as short |
| Binance ZECUSDT | +0.0093% | 8h | 1,450.6 | −0.290% | $660.1M | $2.55B | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,451.3 | −0.245% | $17K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,450.6 | −0.288% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.5 | −0.229% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.8 | −0.206% | $3.0M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.6 | −0.222% | $753.1M | $506.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.9 | −0.203% | $1.6M | $3.1M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454.9 | +0.005% | $896K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,450.5 | −0.294% | $103.7M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,451 | −0.261% | $162.9M | $317.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,450.4 | −0.303% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.9 | −0.131% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,454.7 | −0.008% | $488K | $9.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,454.8 | long leg | $3.0M | $512K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,454.2 | −0.042% | $712K | $608K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,453 | −0.129% | $109K | $4.8M | 30x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.1 | −0.257% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.5 | −0.229% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456 | +0.077% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.7 | −0.143% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.8 | −0.206% | $2.4M | $25.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.7 | −0.144% | $3.7M | $5.6M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.1 | −0.118% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0136% | 1h | 1,452.7 | −0.146% | $18.8M | $53.5M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,451.4 | −0.235% | $861K | $2.5M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,456.3 | +0.098% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0462% | 1h | 1,454.8 | −0.005% | $39K | $32K | 10x | as long as short |
| Lighter RH ZEC | +0.0464% | 1h | 1,453.6 | −0.081% | $2.0M | $8.3M | 10x | as long as short |
| Extended ZEC-USD | +0.0504% | 1h | 1,451.5 | −0.229% | $3.3M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,454 | −0.054% | $752K | $7.8M | 10x | as long as short |
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Polymarket Perps ZEC-USD
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
MEXC ZEC_USDT
Binance ZECUSDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
ApeX Omni ZECUSDT
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC
Extended ZEC-USD
Arcus ZEC-USD