Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.47 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against OKX−0.043%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.043%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.044% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.233%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZEC-USDT-SWAP | 1,452.7 | 0.0040 | pay 0.0040% / 8h | 2h 47m | $172.1M | $1.36B | 50x |
| Short | Bybit ZECUSDT | 1,452.1 | −0.0007 | pay 0.0007% / 8h | 2h 47m | $269.0M | $674.5M | 75x |
OKX ZEC-USDT-SWAP
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$9.8
- Price spread: −0.043% → +0.001%
- −$4.39
- Slippage, 4 orders
- −$2.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.35
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 min ago.
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 OKX live order book, 2 min ago | 0.03 bp | 6.0 bp −$6 | 9.4 bp −$94 | 15.4 bp −$1,544 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.03 bp | 5.5 bp −$6 | 7.3 bp −$73 | 19.9 bp −$1,990 | 31.3 bp −$15.6K |
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 | 1,437.8 | −1.025% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.8 | +0.142% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451.8 | −0.059% | $17.6M | $44.4M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,453 | +0.023% | $28.9M | $75.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | −0.069% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDTshort | −0.0007% | 8h | 1,452.1 | −0.043% | $269.0M | $674.5M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.9 | +0.148% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.7 | +0.208% | $849K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.7 | +0.070% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,453.2 | +0.037% | $566K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
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 | 1,453.2 | +0.036% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,452.7 | −0.002% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0066% | 1h | 1,452.8 | +0.010% | $543K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAPlong | +0.0040% | 8h | 1,452.7 | long leg | $172.1M | $1.36B | 50x | |
| Aster ZECUSDT | +0.0062% | 8h | 1,453.4 | +0.047% | $15.3M | $35.1M | 75x | as long as short |
| Gate ZEC_USDT | +0.0063% | 8h | 1,452.9 | +0.014% | $49.1M | $185.6M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,454.3 | +0.107% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0075% | 1h | 1,452.8 | +0.007% | $394K | $518K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.1 | +0.093% | $17K | $879K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,453.4 | +0.046% | $18.7M | $53.9M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.7 | +0.070% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.3 | +0.043% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.6 | +0.060% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.8 | +0.075% | $751.8M | $494.2M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.1 | +0.094% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.9 | +0.011% | $658.8M | $2.54B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | +0.156% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453 | +0.017% | $218.8M | $882.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.8 | +0.076% | $103.4M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.6 | −0.007% | $161.9M | $315.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.2 | +0.031% | — | $107.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,455.9 | +0.217% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | +0.051% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454.1 | +0.095% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | −0.004% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.3 | +0.107% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.2 | +0.034% | $298K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.005% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.5 | −0.084% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.273% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.2 | −0.035% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.3 | +0.041% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.056% | $3.7M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,453.6 | +0.065% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.8 | +0.008% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.3 | +0.107% | $863K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0232% | 1h | 1,452.7 | 0.000% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.7 | +0.139% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0459% | 1h | 1,453.7 | +0.072% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,455.8 | +0.215% | $751K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0736% | 1h | 1,455.8 | +0.215% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC