Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Derive against Phemex−0.168%7-day average −0.097% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.168%, 7d avg −0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.071% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,467.9 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $3.8M | $5.3M | 50x |
| Short | Derive ZEC-PERP | 1,465.5 | 0.0100 | get 0.0013% / 1h | 15m 04s | $457K | $509K | 6.7x |
Phemex ZECUSDT
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Phemex. 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: −0.168% → −0.097%
- −$7.13
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$25.13
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 2.08 bp | 15.1 bp −$15 | 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 | −0.3321% | 1h | 1,465.9 | −0.136% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,467.7 | −0.019% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0118% | 1h | 1,463.3 | −0.315% | $398K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0114% | 8h | 1,467.7 | −0.017% | $29.7M | $72.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.5 | −0.099% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0030% | 8h | 1,464.9 | −0.204% | $47.5M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.9 | −0.139% | $413K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,467.4 | −0.036% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.8 | +0.060% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.9 | −0.070% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,467 | −0.065% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0018% | 8h | 1,467.3 | −0.045% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,465.8 | −0.146% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,467.1 | −0.057% | $377K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0058% | 8h | 1,467.8 | −0.011% | $181.4M | $1.30B | 50x | as long as short |
| Bybit ZECUSDT | +0.0084% | 8h | 1,467.7 | −0.015% | $273.3M | $633.5M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.8 | −0.012% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,467.2 | −0.052% | $15K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.5 | −0.095% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.7 | −0.018% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.1 | +0.080% | $762.6M | $453.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.6 | −0.024% | $14.9M | $31.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.4 | −0.102% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467.8 | −0.009% | $683.0M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,468.5 | +0.038% | $705K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,465.9 | −0.140% | $892K | $22K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,467.5 | −0.033% | $50.2M | $181.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.9 | −0.002% | $227.9M | $828.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.7 | −0.018% | $104.2M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.1 | +0.008% | $163.3M | $291.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,466.6 | −0.090% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464.1 | −0.262% | $570K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | −0.141% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,463.4 | −0.312% | $426K | $874K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.3 | −0.179% | $80K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.1 | −0.057% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.9 | −0.068% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,465.5 | −0.168% | $457K | $509K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.4 | +0.029% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | −0.031% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.9 | −0.068% | $2.5M | $20.4M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,467.9 | long leg | $3.8M | $5.3M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.3 | −0.042% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.2 | −0.050% | $54K | $164K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,468.3 | +0.023% | $852K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0232% | 1h | 1,468.3 | +0.025% | $604K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,469.1 | +0.079% | $19.1M | $50.5M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,469.2 | +0.089% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0513% | 1h | 1,468.6 | +0.047% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0744% | 1h | 1,469.8 | +0.128% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0771% | 1h | 1,468 | +0.005% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Bybit ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD