Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Derive against Kalshi−0.304%7-day average −0.091% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.165%+$17 on $10k
+Price spread, last 4 days (all we have)+0.383%+$38 · spread now −0.304%, 7d avg −0.091%
=Funding pays, the price is against you. Derive is 0.213% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.304% now, against its 7-day average of −0.091%). If the spread goes back, that is −$21 on $10k: about 7.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXZECPERP | 1,516.9 | 0 | get 0.0000% / 8h | 3h 56m | $1.6M | $5.0M | 2.2x |
| Short | Derive ZEC-PERP | 1,512.3 | 0.0100 | get 0.0013% / 1h | 56m 40s | $452K | $408K | 6.7x |
Kalshi KXZECPERP
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Kalshi. 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
- $21
- Price spread: −0.304% → −0.091%
- −$21.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$16.3
- Costs to cover
- 0.160%
- Break-even
- 12.4 days
Slippage unknown: Kalshi: live order book, 2 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 Kalshi live order book, 2 min ago | 6.88 bp | 11.9 bp −$12 | 17.9 bp −$179 | 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 | −0.3702% | 1h | 1,500.2 | −1.100% | $37K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | −0.109% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,515.6 | −0.088% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0164% | 8h | 1,513.7 | −0.213% | $31.5M | $77.0M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0114% | 1h | 1,513.8 | −0.206% | $48K | $59K | 10x | as long as short |
| Gate ZEC_USDT | −0.0090% | 8h | 1,511.5 | −0.358% | $59.9M | $182.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517.5 | +0.039% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,512.1 | −0.317% | $420K | $34K | 5x | as long as short |
| Kalshi KXZECPERPlong | 0.0000% | 8h | 1,516.9 | long leg | $1.6M | $5.0M | 2.2x | |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,514.8 | −0.140% | $692K | $1.4M | 25x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Gate ZEC_USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Deribit ZEC_USDC-PERPETUALShow 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 | 1,514.5 | −0.160% | $5.4M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,516.5 | −0.031% | $8K | $6K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,514.6 | −0.155% | $18.3M | $47.8M | 25x | as long as short |
| Bybit ZECUSDT | +0.0052% | 8h | 1,511.1 | −0.388% | $272.0M | $629.3M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0054% | 1h | 1,513.3 | −0.239% | $413K | $554K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,514.4 | −0.165% | $305K | $860K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,514.3 | −0.175% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,513.2 | −0.244% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,516 | −0.063% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.6 | −0.025% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,515.5 | −0.095% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,516.6 | −0.022% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,512.5 | −0.292% | $791.3M | $448.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,511.8 | −0.341% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,512.2 | −0.315% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,512 | −0.327% | $714.3M | $2.33B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,511.4 | −0.365% | $182.8M | $1.38B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,517 | +0.005% | $597K | $8.9M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,511.8 | −0.340% | $356.3M | $816.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,512.4 | −0.299% | $103.4M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,512 | −0.324% | $163.1M | $294.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,511.4 | −0.362% | — | $119.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,513.8 | −0.208% | $50.0M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,515.1 | −0.119% | $580K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,515.9 | −0.067% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,515.1 | −0.123% | $417K | $949K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,517.7 | +0.049% | $54K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,515.7 | −0.081% | $376K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,515.2 | −0.114% | $169K | $193K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,512.3 | −0.304% | $452K | $408K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,517.4 | +0.028% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,514.1 | −0.184% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,514.3 | −0.173% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,514.2 | −0.179% | $4.0M | $4.9M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,512.9 | −0.264% | $19.6M | $44.0M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,511.6 | −0.348% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,514.7 | −0.149% | $43K | $151K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0152% / S −0.0153% | 1h | 1,514.3 | −0.171% | $336K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,515.1 | −0.121% | $966K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,516 | −0.061% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0538% | 1h | 1,513.9 | −0.200% | $2.4M | $3.8M | 15x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP