Funding you earn now, next payment 00:00 UTC−0.0146%/8h= −15.9% APRnext payment −$1.46 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against SunX−0.235%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1321.317% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.235%, 7d avg −0.115%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.121% cheaper against SunX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ZEC-USDT | 1,463 | 0.0100 | pay 0.0100% / 8h | 1h 51m | $3K | $1.3M | 20x |
| Short | Bybit ZECUSDT | 1,459.6 | −0.0046 | pay 0.0046% / 8h | 1h 51m | $269.6M | $677.4M | 75x |
SunX ZEC-USDT
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. 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
- −$30.59
- Price spread: −0.235% → −0.115%
- −$12.05
- Slippage, 4 orders
- −$112.68
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$174.32
- Costs to cover
- 1.317%
- Break-even
- never at this rate
Slippage from SunX: live order book, 2 min ago; Bybit: live order book, 2 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 SunX live order book, 2 min ago | 29.06 bp | 49.5 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.03 bp | 6.8 bp −$7 | 8.8 bp −$88 | 18.1 bp −$1,806 | 33.9 bp −$16.9K |
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 | −0.3310% | 1h | 1,462.9 | −0.006% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,461.1 | −0.131% | $17.7M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,461.5 | −0.107% | $28.9M | $75.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.3 | −0.053% | $6K | $2K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0064% | 1h | 1,466 | +0.203% | $398K | $518K | 5x | as long as short |
| Bybit ZECUSDTshort | −0.0046% | 8h | 1,459.6 | −0.235% | $269.6M | $677.4M | 75x | |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.5 | +0.308% | $46.8M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.8 | −0.016% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462 | −0.069% | $937K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460.5 | −0.170% | $83K | $401K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,461.9 | −0.074% | $595K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461.1 | −0.135% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,460.8 | −0.155% | $558K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,461 | −0.139% | $293K | $1.5M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,461.5 | −0.105% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,460.1 | −0.202% | $175.2M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0057% | 8h | 1,460.5 | −0.170% | $49.8M | $183.5M | 75x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467 | +0.271% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,461.2 | −0.124% | $14K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,461.2 | −0.123% | $18.9M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.8 | −0.150% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461.5 | −0.107% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.5 | −0.038% | $2.5M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.2 | −0.125% | $758.0M | $488.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.5 | −0.174% | $15.3M | $33.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.5 | −0.038% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.4 | −0.180% | $669.9M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.153% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.6 | −0.166% | $220.3M | $851.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.9 | −0.143% | $103.1M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.2 | −0.193% | $161.7M | $309.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,459.7 | −0.228% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.7 | +0.322% | $511K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,466.2 | +0.219% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,466.8 | +0.259% | $431K | $818K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.064% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.7 | −0.159% | $343K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.4 | −0.182% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.2 | −0.259% | $446K | $503K | 6.7x | as long as short |
| SunX ZEC-USDTlong | +0.0100% | 8h | 1,463 | long leg | $3K | $1.3M | 20x | |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.1 | −0.134% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461 | −0.139% | $2.4M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.3 | −0.116% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.2 | −0.125% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.3 | −0.117% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,461.7 | −0.088% | $842K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0266% | 1h | 1,462.2 | −0.059% | $2.3M | $4.0M | 15x | as long as short |
| Lighter RH ZEC | +0.0424% | 1h | 1,463.3 | +0.016% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,464.2 | +0.077% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,462.3 | −0.052% | $741K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0520% | 1h | 1,464 | +0.065% | $40K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
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
Derive ZEC-PERP
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD