Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.015%
Price spread now: Backpack against Ondo Perps+0.376%7-day average +0.042% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.376%, 7d avg +0.042%
=Together, before fees−0.643%+ Points / potential airdropOndo Perps: Active · farm board−$64 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.334% dearer against Ondo Perps than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.370%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ZEC-USD.P | 1,452.8 | 0.0075 | pay 0.0009% / 1h | 15m 10s | $395K | $519K | 5x |
| Short | Backpack ZEC_USDC_PERP | 1,458.3 | 0.0100 | get 0.0013% / 1h | 15m 10s | $2.3M | $4.1M | 15x |
Ondo Perps ZEC-USD.P
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Ondo Perps. 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
- $5.21
- Price spread: +0.376% → +0.042%
- $33.37
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $23.58
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Backpack: live order book, 4 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 4 min ago | 0.03 bp | 5.6 bp −$6 | 24.8 bp −$248 | doesn't fit | doesn't fit |
Ondo Perps: 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 | −1.353% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0085% | 8h | 1,457.2 | +0.299% | $28.7M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.1 | +0.295% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,457.4 | +0.317% | $17.7M | $44.6M | 25x | as long as short |
| Bybit ZECUSDT | −0.0004% | 8h | 1,456.6 | +0.262% | $268.9M | $677.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.2 | +0.302% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.6 | +0.402% | $934K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,457 | +0.288% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,458 | +0.360% | $593K | $1.3M | 25x | as long as short |
| Variational Omni ZEC | +0.0002% | 8h | 1,456.6 | +0.261% | $45.6M | $33.4M | — | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Variational Omni ZECShow 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 | 1,457.7 | +0.340% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,457.4 | +0.319% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0019% / S +0.0072% | 1h | 1,457.6 | +0.330% | $557K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,457.8 | +0.343% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0057% | 8h | 1,457.2 | +0.306% | $173.9M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0072% | 8h | 1,457.4 | +0.315% | $49.3M | $190.8M | 75x | as long as short |
| Ondo Perps ZEC-USD.Plong | +0.0075% | 1h | 1,452.8 | long leg | $395K | $519K | 5x | |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,457.3 | +0.307% | $15K | $871K | 10x | as long as short |
| Aster ZECUSDT | +0.0095% | 8h | 1,457.4 | +0.315% | $15.3M | $34.1M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,458.9 | +0.422% | $18.8M | $54.7M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.2 | +0.300% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.3 | +0.308% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.7 | +0.334% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.4 | +0.385% | $754.1M | $495.1M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.7 | +0.339% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.5 | +0.323% | $665.5M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457.7 | +0.334% | $217.5M | $898.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.7 | +0.338% | $103.1M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.5 | +0.325% | $161.4M | $312.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,456.7 | +0.271% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0100% | 1h | 1,458.3 | +0.376% | $2.3M | $4.1M | 15x | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.2 | +0.165% | $489K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.7 | +0.271% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.7 | +0.267% | $428K | $814K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,457.9 | +0.349% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.9 | +0.282% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.3 | +0.308% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.2 | +0.232% | $443K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.5 | +0.464% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.4 | +0.315% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.2 | +0.299% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.5 | +0.326% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | +0.151% | $896K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,457.5 | +0.323% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,457.7 | +0.336% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.5 | +0.321% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,457.9 | +0.353% | $863K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,459.2 | +0.443% | $3.8M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0464% | 1h | 1,457.2 | +0.303% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,458.8 | +0.415% | $750K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0616% | 1h | 1,459.6 | +0.465% | $1.9M | $8.5M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Katana Perps ZEC-USD
Aster ZECUSDT
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC