Funding you earn now, next payment 22:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.025%
Price spread now: Orderly against Nado+0.019%7-day average −0.019% · 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)−0.082%−$8 on $10k
+Price spread, last 3 days (all we have)+0.628%+$63 · spread now +0.019%, 7d avg −0.019%
=Together, before fees+0.546%+ Points / potential airdropNado: Active · farm board+$55 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.037% dearer against Nado than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.019%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZEC-PERP | 1,444.5 | 0.0100 | pay 0.0012% / 1h | 31m 17s | $2.4M | $7.1M | 10x |
| Short | Orderly PERP_ZEC_USDC | 1,444.8 | 0.0015 | get 0.0015% / 8h | 2h 31m | $290K | $1.5M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Nado. 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
- −$17.83
- Price spread: +0.019% → −0.019%
- $3.74
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$27.09
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 3 min ago; Orderly: 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 Nado live order book, 3 min ago | 0.04 bp | 4.5 bp −$5 | 11.8 bp −$118 | 49.6 bp −$4,958 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.3476% | 1h | 1,433.1 | −0.786% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0096% | 8h | 1,445.3 | +0.056% | $28.7M | $74.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,444.6 | +0.004% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,445.1 | +0.042% | $17.6M | $44.5M | 25x | as long as short |
| Variational Omni ZEC | −0.0009% | 8h | 1,449.1 | +0.319% | $45.6M | $32.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,445.1 | +0.044% | $407K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,446.2 | +0.116% | $907K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,443.3 | −0.086% | $82K | $401K | 10x | as long as short |
| Bybit ZECUSDT | +0.0006% | 8h | 1,443.5 | −0.070% | $266.1M | $674.9M | 75x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,444.4 | −0.008% | $5.1M | — | 150x | as long as short |
Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0009% | 1h | 1,445.8 | +0.087% | $588K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0015% | 8h | 1,444.8 | +0.019% | $290K | $1.5M | 20x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0028% / S +0.0071% | 1h | 1,444 | −0.034% | $542K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0055% | 8h | 1,444.9 | +0.026% | $171.1M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0071% | 8h | 1,443.8 | −0.046% | $49.1M | $188.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,444.2 | −0.022% | $7K | $8K | 5x | as long as short |
| Aster ZECUSDT | +0.0075% | 8h | 1,444.1 | −0.027% | $15.2M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,443.8 | −0.050% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,445.4 | +0.062% | $18.7M | $54.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,444.2 | −0.018% | $172K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,444.1 | −0.031% | $59K | $37K | 10x | as long as short |
| Nado ZEC-PERPlong | +0.0100% | 1h | 1,444.5 | long leg | $2.4M | $7.1M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,444.4 | −0.007% | $745.9M | $494.5M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,444.3 | −0.017% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,444 | −0.032% | $658.2M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,442.7 | −0.125% | $392K | $516K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | +0.035% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,444 | −0.033% | $214.0M | $891.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,443.9 | −0.042% | $102.4M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,445 | +0.035% | $159.9M | $312.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,443.3 | −0.084% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,445.4 | +0.060% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,445.3 | +0.055% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.7 | +0.289% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.1 | +0.039% | $703K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,445.2 | +0.051% | $108K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,443.4 | −0.076% | $347K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,444 | −0.037% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,443.3 | −0.080% | $439K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,445.7 | +0.084% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,445.4 | +0.062% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,444.4 | −0.007% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,445 | +0.034% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,445.9 | +0.098% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,445.6 | +0.077% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,444.9 | +0.027% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,444.7 | +0.011% | $862K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,447.1 | +0.183% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0445% | 1h | 1,448.2 | +0.260% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,446.6 | +0.143% | $767K | $7.9M | 10x | as long as short |
| Lighter RH ZEC | +0.0680% | 1h | 1,446.2 | +0.116% | $1.9M | $8.5M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Variational Omni ZEC
Kalshi KXZECPERP
Bybit ZECUSDT
gTrade (Gains Network) ZEC/USD
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Phoenix ZEC
Extended ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC