Funding you earn now, next payment 23:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.009%
Price spread now: Derive against Ondo Perps−0.419%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)+1.043%+$104 · spread now −0.419%, 7d avg −0.026%
=Together, before fees+1.034%+ Points / potential airdropOndo Perps: Active · farm board+$103 on $10k · with fees, hour by hour
Funding pays, the price is against you. Derive is 0.393% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.419% now, against its 7-day average of −0.026%). If the spread goes back, that is −$39 on $10k: about 6.4 days of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 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 | 1,466 | −0.0104 | get 0.0013% / 1h | 52m 59s | $398K | $518K | 5x |
| Short | Derive ZEC-PERP | 1,459.9 | 0.0100 | get 0.0013% / 1h | 52m 59s | $446K | $503K | 6.7x |
Ondo Perps ZEC-USD.P
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $42.84
- Price spread: −0.419% → −0.026%
- −$39.32
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$7.48
- Costs to cover
- 0.110%
- Break-even
- 8.2 days
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Ondo Perps and 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 | −0.3310% | 1h | 1,462.9 | −0.209% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,461.6 | −0.298% | $17.8M | $44.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.Plong | −0.0104% | 1h | 1,466 | long leg | $398K | $518K | 5x | |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,461.5 | −0.310% | $28.9M | $75.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,464 | −0.136% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0046% | 8h | 1,461.2 | −0.326% | $270.1M | $679.3M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.5 | +0.104% | $46.8M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,461.6 | −0.299% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462.1 | −0.269% | $937K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.9 | −0.283% | $83K | $401K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,462.5 | −0.238% | $595K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,462 | −0.274% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,461.5 | −0.306% | $559K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,461.2 | −0.329% | $293K | $1.5M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,461.4 | −0.313% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,461.9 | −0.280% | $175.3M | $1.37B | 50x | as long as short |
| Gate ZEC_USDT | +0.0056% | 8h | 1,461.8 | −0.284% | $49.9M | $183.4M | 75x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467 | +0.068% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,461.4 | −0.314% | $14K | $866K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,462.9 | −0.210% | $18.9M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,461.4 | −0.315% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.9 | −0.351% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,461.9 | −0.279% | $2.5M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462.7 | −0.225% | $758.8M | $488.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.5 | −0.310% | $15.3M | $33.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,461.2 | −0.326% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.8 | −0.289% | $669.2M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.355% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.9 | −0.280% | $220.4M | $850.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,462 | −0.273% | $103.2M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,461.9 | −0.277% | $161.7M | $310.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,461.7 | −0.295% | — | $102.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.7 | +0.118% | $511K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,466.2 | +0.016% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,466.8 | +0.056% | $431K | $818K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,464.8 | −0.083% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,461.6 | −0.300% | $342K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461.1 | −0.332% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,459.9 | −0.419% | $446K | $503K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,463.9 | −0.144% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.5 | −0.306% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461 | −0.341% | $2.4M | $24.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.2 | −0.262% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.4 | −0.248% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.5 | −0.308% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,461.5 | −0.309% | $842K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0267% | 1h | 1,462.4 | −0.247% | $2.3M | $4.0M | 15x | as long as short |
| Lighter RH ZEC | +0.0424% | 1h | 1,463.7 | −0.157% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,463.7 | −0.156% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,461.8 | −0.287% | $739K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0519% | 1h | 1,464.5 | −0.103% | $40K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD