ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0354%/8h= +38.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.068%

Price spread now: Hyperliquid against Ondo Perps+0.097%7-day average +0.068% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.097%, 7d avg +0.068%

Together, before fees+0.104%+ Points / potential airdropOndo Perps: Active · Hyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.029% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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	1,472	−0.0254	get 0.0032% / 1h	10m 56s	$400K	$521K	5x
Short	Hyperliquid ZEC	1,473.4	0.0100	get 0.0013% / 1h	10m 56s	$763.2M	$473.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee HyperliquidbpOrdersPrice spread, now +0.097%Rate

Funding earned: $74.26
Price spread: +0.097% → +0.068%: $2.93
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $63.19
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Ondo Perps: no order-book sample; Hyperliquid: live order book, 13 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 Hyperliquid live order book, 13 min ago	0.34 bp	5.5 bp −$5	8.0 bp −$80	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	−0.3089%	1h	1,473.8	+0.124%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.Plong	−0.0254%	1h	1,472	long leg	$400K	$521K	5x
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.4	+0.028%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0112%	8h	1,472.5	+0.035%	$274.7M	$651.6M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.3	+0.020%	$29.6M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.3	+0.090%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0058%	8h	1,472.3	+0.020%	$47.5M	$34.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	+0.081%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.8	+0.122%	$961K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.9	+0.064%	$84K	$406K	10x	as long as short

Show 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	1,473.4	+0.097%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473.1	+0.076%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,472.9	+0.058%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.5	+0.105%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,472.8	+0.056%	$181.2M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,472.2	+0.014%	$51.2M	$187.6M	75x	as long as short
ApeX Omni ZECUSDT	+0.0049%	1h	1,472	−0.003%	$431K	$843K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,473.2	+0.084%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,473.6	+0.107%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.8	+0.053%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,474.1	+0.139%	$19K	$850K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.9	+0.062%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.3	+0.157%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZECshort	+0.0100%	1h	1,473.4	+0.097%	$763.2M	$473.6M	10x
Aster ZECUSDT	+0.0100%	8h	1,472.4	+0.029%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.8	+0.122%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.8	+0.054%	$683.7M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.1	+0.142%	$697K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.5	+0.102%	$896K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.8	+0.051%	$226.2M	$844.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.1	+0.077%	$104.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.1	+0.071%	$163.7M	$300.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.8	+0.057%	—	$101.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.5	−0.033%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.4	+0.098%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.4	+0.026%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.8	+0.054%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.8	+0.055%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.2	−0.058%	$459K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.9	+0.265%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.3	+0.019%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.6	−0.029%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.7	+0.049%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.4	+0.094%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.9	+0.061%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.7	+0.113%	$829K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0183%	1h	1,473.9	+0.131%	$615K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0406%	1h	1,472.7	+0.047%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.6	+0.178%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,474.5	+0.170%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0761%	1h	1,473.8	+0.123%	$46K	$47K	10x	as long as short