Funding you earn now, next payment 02:22 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.040%
Price spread now: Backpack against Perpl+0.032%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)−0.972%−$97 · spread now +0.032%, 7d avg +0.036%
=Together, before fees−1.123%+ Points / potential airdropPerpl: Active · farm board−$112 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.151%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,458.3 | 0 | get 0.0000% / 43m | 7m 27s | $83K | $241K | 10x |
| Short | Backpack ZEC_USDC_PERP | 1,458.8 | 0.0100 | get 0.0013% / 1h | 19m 27s | $2.4M | $3.8M | 15x |
Perpl ZEC
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Perpl. 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
- $21
- Price spread: +0.032% → +0.036%
- −$0.34
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$3.14
- Costs to cover
- 0.238%
- Break-even
- 8.0 days
Slippage unknown: Perpl: no order-book sample; Backpack: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 0.03 bp | 5.6 bp −$6 | 19.3 bp −$193 | doesn't fit | doesn't fit |
Perpl: 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 | −0.3244% | 1h | 1,459.5 | +0.083% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0082% | 8h | 1,459.4 | +0.074% | $29.1M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,459.2 | +0.064% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.7 | +0.027% | $411K | $43K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,459.2 | +0.065% | $1.5M | $5.1M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,458.3 | long leg | $83K | $241K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,459.4 | +0.077% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0048% | 8h | 1,460.2 | +0.129% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,459.3 | +0.073% | $409K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,461.6 | +0.228% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,458.9 | +0.044% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,459.3 | +0.073% | $16K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,459.1 | +0.054% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,459 | +0.050% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,460.4 | +0.145% | $763.9M | $430.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,459.2 | +0.063% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,459.1 | +0.057% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,459.6 | +0.090% | $668.5M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,459.2 | +0.060% | $265.1M | $604.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,460.1 | +0.125% | $178.5M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,457.8 | −0.033% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.149% | $882K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,459.4 | +0.075% | $49.7M | $174.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,459.4 | +0.075% | $213.5M | $778.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.1 | +0.058% | $102.2M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,459.5 | +0.082% | $162.2M | $272.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,459.8 | +0.106% | — | $97.1M | — | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0100% | 1h | 1,458.8 | +0.032% | $2.4M | $3.8M | 15x | |
| Variational Omni ZEC | +0.0100% | 8h | 1,459 | +0.052% | $47.7M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | +0.090% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.7 | +0.095% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.4 | +0.080% | $410K | $913K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.6 | +0.158% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459.1 | +0.056% | $332K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,459.6 | +0.090% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,457.2 | −0.077% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,461.2 | +0.197% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,458.4 | +0.009% | $233K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458.3 | +0.001% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,458.5 | +0.014% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458.7 | +0.030% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,458.5 | +0.012% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,459.7 | +0.095% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,458.2 | −0.008% | $18.0M | $44.5M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,460.2 | +0.129% | $19.1M | $46.7M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,460.5 | +0.154% | $706K | $8.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0320% | 1h | 1,459.1 | +0.056% | $613K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0376% | 1h | 1,460.5 | +0.149% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,459.4 | +0.080% | $834K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,462.3 | +0.276% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0700% | 1h | 1,459.2 | +0.064% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
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-USDT
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
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD