Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Derive against Pacifica−0.178%7-day average −0.073% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.415%+$41 on $10k
+Price spread, last 3 days (all we have)+1.470%+$147 · spread now −0.178%, 7d avg −0.073%
=Together, before fees+1.885%+ Points / potential airdropPacifica: Active · farm board+$188 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.104% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZEC | 1,453.8 | 0.0100 | pay 0.0013% / 1h | 8m 57s | $1.6M | $3.2M | 10x |
| Short | Derive ZEC-PERP | 1,451.2 | 0.0100 | get 0.0013% / 1h | 8m 57s | $441K | $493K | 6.7x |
Pacifica ZEC
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Pacifica. 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
- $0
- Price spread: −0.178% → −0.073%
- −$10.43
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$24.43
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 5 min ago; 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 Pacifica live order book, 5 min ago | 0.48 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.3181% | 1h | 1,438.9 | −1.023% | $33K | $159K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,453.3 | −0.036% | $6K | $2K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0057% | 8h | 1,453.4 | −0.027% | $29.4M | $76.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0055% | 8h | 1,453.6 | −0.016% | $46.9M | $31.1M | — | as long as short |
| Kraken Futures PF_ZECUSD | −0.0053% | 1h | 1,452.6 | −0.085% | $17.6M | $45.6M | 25x | as long as short |
| Bybit ZECUSDT | −0.0036% | 8h | 1,453.6 | −0.014% | $271.1M | $679.2M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.4 | −0.025% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.4 | −0.023% | $973K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.1 | −0.186% | $82K | $400K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0001% | 8h | 1,452.7 | −0.074% | $291K | $1.5M | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Variational Omni ZEC
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0002% | 1h | 1,453.5 | −0.021% | $571K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.5 | −0.088% | $5.1M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0025% | 8h | 1,453.6 | −0.016% | $173.1M | $1.38B | 50x | as long as short |
| Aster ZECUSDT | +0.0034% | 8h | 1,453.9 | +0.005% | $14.9M | $35.1M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,455.5 | +0.116% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0048% / S +0.0061% | 1h | 1,452.4 | −0.093% | $545K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0060% | 8h | 1,454.1 | +0.024% | $49.2M | $189.7M | 75x | as long as short |
| ApeX Omni ZECUSDT | +0.0064% | 1h | 1,453.5 | −0.022% | $712K | $612K | 50x | as long as short |
| MEXC ZEC_USDT | +0.0080% | 8h | 1,454.4 | +0.041% | $213.0M | $948.4M | 150x | as long as short |
| Binance ZECUSDT | +0.0082% | 8h | 1,454.4 | +0.043% | $663.8M | $2.58B | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0094% | 8h | 1,452.6 | −0.080% | $10K | $875K | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0096% | 1h | 1,452.1 | −0.116% | $8K | $10K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.2 | −0.109% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,452.7 | −0.077% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.3 | −0.100% | $3.0M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.7 | +0.063% | $753.7M | $503.0M | 10x | as long as short |
| Pacifica ZEClong | +0.0100% | 1h | 1,453.8 | long leg | $1.6M | $3.2M | 10x | |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,454.5 | +0.049% | $395K | $519K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.8 | +0.278% | $898K | $32K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.5 | +0.046% | $102.9M | $57.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.4 | +0.042% | $168.9M | $314.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,454.3 | +0.037% | — | $114.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,454.2 | +0.031% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,454.9 | +0.074% | $488K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,455 | +0.081% | $3.0M | $514K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,453.9 | +0.008% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.8 | −0.137% | $318K | $2.3M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.2 | −0.112% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,451.2 | −0.178% | $441K | $493K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.1 | +0.161% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.8 | −0.066% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,454.1 | +0.021% | $2.4M | $25.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.6 | −0.011% | $3.7M | $5.7M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.4 | −0.093% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,452.4 | −0.092% | $863K | $2.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0184% | 1h | 1,455.1 | +0.090% | $2.0M | $8.5M | 10x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,454 | +0.016% | $18.9M | $55.3M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,454 | +0.011% | $3.7M | $11.8M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0471% | 1h | 1,458.6 | +0.331% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0538% | 1h | 1,454.4 | +0.040% | $750K | $7.7M | 10x | as long as short |
| Extended ZEC-USD | +0.0832% | 1h | 1,454.2 | +0.031% | $3.3M | $6.9M | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
ApeX Omni ZECUSDT
MEXC ZEC_USDT
Binance ZECUSDT
Katana Perps ZEC-USD
01 Exchange ZECUSD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Extended ZEC-USD