Funding you earn now, next payment 23:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.009%
Price spread now: Bullet against Ondo Perps+0.323%7-day average +0.064% · 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)+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)+0.214%+$21 · spread now +0.323%, 7d avg +0.064%
=Together, before fees+0.220%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bullet is 0.259% dearer against Ondo Perps than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.064%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.006% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ZEC-USD.P | 1,459.3 | −0.0212 | get 0.0027% / 1h | 35m 14s | $396K | $518K | 5x |
| Short | Bullet ZEC-USD | 1,464 | 0.0100 | get 0.0013% / 1h | 35m 14s | $127K | $160K | 20x |
Ondo Perps ZEC-USD.P
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- $65.52
- Price spread: +0.323% → +0.064%
- $25.94
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $78.46
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Bullet: live order book, 49 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 Bullet live order book, 49 min ago | 1.79 bp | 6.2 bp −$6 | 9.3 bp −$93 | 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 | −0.3310% | 1h | 1,448.2 | −0.758% | $33K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,463.9 | +0.316% | $17.8M | $44.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.Plong | −0.0212% | 1h | 1,459.3 | long leg | $396K | $518K | 5x | |
| BloFin ZEC-USDT | −0.0089% | 8h | 1,463.7 | +0.304% | $29.3M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.2 | +0.197% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0050% | 8h | 1,463.2 | +0.264% | $271.0M | $673.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0025% | 8h | 1,460.9 | +0.112% | $46.5M | $34.0M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0024% | 1h | 1,463.5 | +0.286% | $430K | $820K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L −0.0017% / S +0.0093% | 1h | 1,464.5 | +0.356% | $541K | — | 100x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,461.6 | +0.158% | $412K | $106K | 5x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
dYdX ZEC-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462.8 | +0.241% | $885K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,463.6 | +0.297% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.7 | +0.371% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,464 | +0.321% | $292K | $1.5M | 20x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.460% | $905K | $27K | 10x | as long as short |
| Gate ZEC_USDT | +0.0048% | 8h | 1,464.4 | +0.346% | $50.0M | $184.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0049% | 8h | 1,463.5 | +0.290% | $175.8M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,463.4 | +0.278% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,461.4 | +0.141% | $4.6M | $1.6M | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,465.4 | +0.418% | $19.0M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,462.9 | +0.247% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,463 | +0.252% | $14K | $862K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462.4 | +0.215% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.8 | +0.239% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,464.2 | +0.336% | $758.9M | $484.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463.8 | +0.310% | $15.6M | $33.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.2 | +0.271% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,464 | +0.324% | $674.7M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.9 | +0.317% | $223.2M | $860.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.8 | +0.308% | $103.7M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463.5 | +0.291% | $161.9M | $306.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,463.5 | +0.285% | — | $103.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.4 | +0.142% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.2 | +0.199% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,462.8 | +0.240% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.1 | +0.260% | $343K | $1.9M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,464 | +0.323% | $127K | $160K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.3 | +0.207% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,466 | +0.458% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.8 | +0.308% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463.4 | +0.282% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.1 | +0.329% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,464.1 | +0.331% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.9 | +0.316% | $36K | $367K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0187% | 1h | 1,464.3 | +0.343% | $2.3M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,463.3 | +0.276% | $841K | $1.7M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0246% | 1h | 1,464.8 | +0.376% | $596K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0384% | 1h | 1,465.9 | +0.454% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,465.6 | +0.434% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,464 | +0.321% | $742K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0542% | 1h | 1,464.9 | +0.386% | $40K | $34K | 10x | as long as short |
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD