Funding you earn now, next payment 08:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h −0.036%
Price spread now: Bulk against RISEx−0.464%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 4 days (all we have)−0.247%−$25 on $10k
+Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.464%, 7d avg −0.057%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bulk is 0.407% cheaper against RISEx than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx ZEC/USDC | 1,504 | 0.0128 | pay 0.0016% / 1h | 42m 07s | $946K | $1.1M | 10x |
| Short | Bulk ZEC-USD | 1,497 | −0.0053 | pay 0.0007% / 1h | 42m 07s | $904K | $2K | 10x |
RISEx ZEC/USDC
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against RISEx. 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
- −$37.91
- Price spread: −0.464% → −0.057%
- −$40.68
- Slippage, 4 orders
- −$2.39
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$93.99
- Costs to cover
- 0.154%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; Bulk: live order book, 62 min ago.
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 RISEx live order book, 1 min ago | 1.16 bp | 4.2 bp −$4 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 62 min ago | 0.03 bp | 3.5 bp −$4 | 3.6 bp −$36 | 6.4 bp −$636 | 11.2 bp −$5,606 |
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 | −0.3442% | 1h | 1,495.7 | −0.553% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,502 | −0.133% | $62K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0174% | 8h | 1,505.7 | +0.115% | $31.0M | $75.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,502.2 | −0.117% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0066% | 1h | 1,500.3 | −0.247% | $48K | $59K | 10x | as long as short |
| Bulk ZEC-USDshort | −0.0053% | 1h | 1,497 | −0.464% | $904K | $2K | 10x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,504.2 | +0.011% | $418K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,503.5 | −0.034% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,503.6 | −0.025% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,503.7 | −0.019% | $18.1M | $46.7M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0078% | 1h | 1,504 | −0.001% | $687K | $1.4M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,503.1 | −0.059% | $303K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,502.4 | −0.105% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.8 | −0.012% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,504.6 | +0.039% | $14K | $878K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,503.7 | −0.021% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,504 | −0.002% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,505.3 | +0.086% | $786.7M | $445.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,503.1 | −0.060% | $14.1M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504 | 0.000% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,503.9 | −0.005% | $703.6M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.5 | −0.037% | $270.8M | $624.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.8 | −0.012% | $183.4M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,502.8 | −0.080% | $410K | $563K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,503.5 | −0.035% | $56.2M | $183.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,504 | −0.003% | $238.6M | $792.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,503.4 | −0.040% | $103.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.9 | −0.005% | $162.5M | $289.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,503.8 | −0.015% | — | $118.2M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.5 | −0.166% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.2 | −0.318% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,500.8 | −0.210% | $3.1M | $507K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,499.8 | −0.281% | $413K | $945K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,504.9 | +0.058% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.014% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,503.7 | −0.018% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,503 | −0.067% | $459K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,506 | +0.133% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,503.4 | −0.042% | $254K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,502.5 | −0.101% | $2.7M | $20.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.8 | −0.017% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,503.4 | −0.041% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,503.3 | −0.046% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,504.3 | +0.022% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDClong | +0.0128% | 1h | 1,504 | long leg | $946K | $1.1M | 10x | |
| Lighter RH ZEC | +0.0136% | 1h | 1,505.1 | +0.070% | $2.1M | $7.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0160% / S −0.0197% | 1h | 1,503.4 | −0.039% | $437K | — | 100x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,504.9 | +0.060% | $19.8M | $45.2M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,504.7 | +0.045% | $606K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,505.4 | +0.093% | $3.7M | $10.2M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0535% | 1h | 1,504.6 | +0.037% | $2.4M | $3.9M | 15x | as long as short |
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
Phoenix ZEC
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
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
Lighter RH ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP