Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%
Price spread now: Derive against Hyperliquid−0.252%7-day average −0.084% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+0.479%+$48 · spread now −0.252%, 7d avg −0.084%
=Together, before fees+0.375%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 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 0.168% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,480.1 | 0.0100 | pay 0.0013% / 1h | 51m 07s | $770.4M | $449.3M | 10x |
| Short | Derive ZEC-PERP | 1,476.4 | 0.0100 | get 0.0013% / 1h | 51m 07s | $460K | $510K | 6.7x |
Hyperliquid ZEC
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Hyperliquid. 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: −0.252% → −0.084%
- −$16.79
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$31.79
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 13 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 Hyperliquid live order book, 13 min ago | 0.34 bp | 4.8 bp −$5 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| 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 | −0.3678% | 1h | 1,478.8 | −0.089% | $34K | $274K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0134% | 1h | 1,474.9 | −0.351% | $401K | $518K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,477.6 | −0.168% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0080% | 8h | 1,480.2 | +0.008% | $29.7M | $73.6M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,479 | −0.072% | $18.1M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.5 | −0.176% | $416K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,478.3 | −0.119% | $965K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,477.6 | −0.169% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,477.8 | −0.157% | $5.2M | — | 150x | as long as short |
| Variational Omni ZEC | +0.0010% | 8h | 1,477.5 | −0.174% | $48.2M | $33.5M | — | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0025% | 8h | 1,478 | −0.141% | $295K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,478.2 | −0.128% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,477.7 | −0.159% | $384K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,469.6 | −0.709% | $4.6M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0076% | 8h | 1,478.1 | −0.133% | $181.3M | $1.29B | 50x | as long as short |
| Gate ZEC_USDT | +0.0090% | 8h | 1,478.7 | −0.095% | $50.3M | $173.8M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,477.9 | −0.149% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,478.1 | −0.139% | $15K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,477.3 | −0.190% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,477.6 | −0.168% | $2.7M | $6.6M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,480.1 | long leg | $770.4M | $449.3M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,479.2 | −0.061% | $15.0M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,476.9 | −0.219% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,478.6 | −0.102% | $685.9M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,478 | −0.145% | $273.0M | $627.2M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | −0.638% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,478.9 | −0.083% | $218.9M | $791.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,478.9 | −0.079% | $104.2M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,479.1 | −0.069% | $164.2M | $287.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,478.1 | −0.138% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | −0.483% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476.9 | −0.216% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.1 | −0.407% | $429K | $894K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.1 | −0.405% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,477.2 | −0.196% | $343K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,477.8 | −0.155% | $129K | $158K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,476.4 | −0.252% | $460K | $510K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,480.2 | +0.005% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,478.7 | −0.096% | $244K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,477.3 | −0.187% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,478.6 | −0.103% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,478.1 | −0.135% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,477.8 | −0.157% | $51K | $164K | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,478.8 | −0.087% | $668K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0336% | 1h | 1,480.4 | +0.018% | $19.3M | $47.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0344% | 1h | 1,480.5 | +0.029% | $2.1M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,478.7 | −0.098% | $858K | $1.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0393% | 1h | 1,479.1 | −0.069% | $608K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,481.7 | +0.111% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0587% | 1h | 1,479.7 | −0.030% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0746% | 1h | 1,473.4 | −0.455% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD