Funding you earn now, next payment 01:38 UTC+0.0098%/8h= +10.7% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Perpl−0.070%53s7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)−0.343%−$34 · spread now −0.070%, 7d avg −0.018%
=Together, before fees−0.164%+ Points / potential airdropPerpl: Active · Variational Omni: Active · farm board−$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.052% cheaper against Perpl than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.018%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,460.9 | 0 | get 0.0000% / 43m | 31m 27s | $84K | $249K | 10x |
| Short | Variational Omni ZEC | 1,459.8 | 0.0098 | get 0.0098% / 8h | 5h 43m | $47.4M | $31.8M | — |
Perpl ZEC
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $20.57
- Price spread: −0.070% → −0.018%
- −$5.15
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $1.62
- Costs to cover
- 0.138%
- Break-even
- 6.4 days
Slippage unknown: Perpl: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago | 2.77 bp | doesn't fit | 5.2 bp −$52 | 15.0 bp −$1,496 | 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 | 1,460 | −0.056% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461.5 | +0.045% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,462.3 | +0.096% | $29.7M | $71.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,460.8 | −0.003% | $411K | $46K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,461.4 | +0.039% | $963K | $4.6M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,460.9 | long leg | $84K | $249K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461.3 | +0.029% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0037% | 8h | 1,461.4 | +0.039% | $292K | $977K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0009% | 1h | 1,461.2 | +0.025% | $379K | — | 100x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0064% | 1h | 1,459.8 | −0.073% | $396K | $433K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Ondo Perps ZEC-USD.PShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,459.6 | −0.086% | $4.6M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,459.4 | −0.097% | $173K | $1.8M | 50x | as long as short |
| Variational Omni ZECshort | +0.0098% | 8h | 1,459.8 | −0.070% | $47.4M | $31.8M | — | |
| Deribit ZEC_USDC-PERPETUAL | +0.0099% | 1h | 1,462 | +0.081% | $609K | $1.3M | 25x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,459.8 | −0.070% | $19K | $835K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,459.9 | −0.063% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,459.4 | −0.100% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462.2 | +0.094% | $761.9M | $432.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.2 | −0.045% | $14.5M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460.7 | −0.010% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,459.5 | −0.096% | $672.8M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,458.9 | −0.133% | $269.8M | $605.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,459.3 | −0.107% | $179.7M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | −0.151% | $886K | $16K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,460 | −0.059% | $50.0M | $170.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460 | −0.062% | $215.0M | $770.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.4 | −0.034% | $102.7M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,459.3 | −0.109% | $161.9M | $275.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,460 | −0.061% | — | $97.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,461 | +0.007% | $2.4M | $3.8M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.5 | +0.046% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | −0.106% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,461.5 | +0.044% | $421K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.005% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459 | −0.127% | $339K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461.3 | +0.027% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.1 | −0.051% | $446K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.4 | +0.106% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.6 | +0.048% | $241K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,460.2 | −0.047% | $2.6M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460.9 | +0.005% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,459.7 | −0.080% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,460 | −0.062% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.2 | +0.024% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,461.8 | +0.062% | $19.1M | $45.9M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,460.7 | −0.011% | $18.0M | $43.7M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,461.8 | +0.067% | $705K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0320% | 1h | 1,461.9 | +0.068% | $2.1M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,459.7 | −0.081% | $834K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,462.7 | +0.127% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0708% | 1h | 1,462.4 | +0.107% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Popdex ZECUSDT
Deribit ZEC_USDC-PERPETUAL
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD