Funding you earn now, next payment 08:00 UTC−0.0133%/8h= −14.6% APRnext payment −$1.33 per $10,000 · paid last 24h −0.037%
Price spread now: BloFin against Orderly−0.046%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now −0.046%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.037% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZEC_USDC | 1,457.3 | 0.0063 | pay 0.0063% / 8h | 3h 58m | $291K | $952K | 20x |
| Short | BloFin ZEC-USDT | 1,456.6 | −0.0070 | pay 0.0070% / 8h | 3h 58m | $29.5M | $70.8M | 75x |
Orderly PERP_ZEC_USDC
BloFin ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. 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
- −$27.93
- Price spread: −0.046% → −0.009%
- −$3.66
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$49.59
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 5 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 5 min ago | 0.07 bp | 6.1 bp −$6 | 6.1 bp −$61 | 15.6 bp −$1,564 | doesn't fit |
Orderly: 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 | −0.3042% | 1h | 1,459.7 | +0.164% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.5 | +0.218% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDTshort | −0.0070% | 8h | 1,456.6 | −0.046% | $29.5M | $70.8M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.6 | −0.114% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,461 | +0.255% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,457.5 | +0.015% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,457.3 | +0.004% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDClong | +0.0063% | 8h | 1,457.3 | long leg | $291K | $952K | 20x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0071% / S −0.0023% | 1h | 1,457.4 | +0.007% | $409K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,458 | +0.046% | $173K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,458.5 | +0.081% | $10K | $858K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,458.6 | +0.091% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,459.4 | +0.143% | $2.9M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,457 | −0.019% | $758.0M | $431.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456.2 | −0.073% | $14.8M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,459.2 | +0.133% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,455.6 | −0.117% | $668.6M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,454.7 | −0.176% | $261.2M | $602.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,455.4 | −0.128% | $177.9M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458 | +0.049% | $396K | $442K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.018% | $880K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.1 | −0.084% | $50.5M | $169.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456 | −0.087% | $214.0M | $763.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.3 | −0.067% | $102.7M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,455.7 | −0.106% | $165.5M | $271.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,457.2 | −0.005% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,457.6 | +0.023% | $47.8M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.9 | +0.045% | $567K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.1 | +0.126% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.1 | +0.124% | $405K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.7 | +0.168% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.6 | +0.022% | $354K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.6 | +0.023% | $161K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.1 | −0.079% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460.4 | +0.215% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,456.9 | −0.027% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457 | −0.019% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.1 | −0.010% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.9 | −0.094% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.2 | −0.006% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,458.7 | +0.096% | $4.6M | $1.3M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0128% | 1h | 1,458.3 | +0.072% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0187% | 1h | 1,457.9 | +0.042% | $615K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0200% | 1h | 1,456.6 | −0.046% | $2.1M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,458.2 | +0.060% | $923K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,456.7 | −0.039% | $19.2M | $44.6M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0234% | 1h | 1,456.8 | −0.034% | $2.4M | $3.9M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,456.8 | −0.034% | $18.0M | $45.2M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,459.7 | +0.163% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,459.6 | +0.159% | $677K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0673% | 1h | 1,458.5 | +0.083% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD