Funding you earn now, next payment 01:00 UTC+0.0387%/8h= +42.4% APRpaid last 24h +0.009%
Price spread now: Deribit against Variational Omni+0.024%7-day average +0.125% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)+0.718%+$72 · spread now +0.024%, 7d avg +0.125%
=Together, before fees+0.750%+ Points / potential airdropVariational Omni: Active · farm board+$75 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.101% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.125%). If the spread goes back, that is −$10 on $10k: about 21 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.032% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.032% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZEC | 1,473.5 | −0.0059 | get 0.0059% / 8h | 7h 42m | $47.7M | $34.4M | — |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,473.8 | 0.0328 | get 0.0041% / 1h | 42m 43s | $615K | $1.3M | 25x |
Variational Omni ZEC
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- $81.25
- Price spread: +0.024% → +0.125%
- −$10.1
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $64.15
- Costs to cover
- 0.070%
- Break-even
- 1.5 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 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 Variational Omni RFQ quote, 1 min ago | 2.75 bp | doesn't fit | 4.2 bp −$42 | 9.7 bp −$968 | doesn't fit |
| Sell Deribit live order book, 1 min ago | 5.64 bp | 9.2 bp −$9 | 16.5 bp −$165 | doesn't fit | doesn't fit |
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 | 1,474.8 | +0.088% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,472.7 | −0.053% | $17.9M | $43.2M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0149% | 1h | 1,471.2 | −0.155% | $400K | $519K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0103% | 8h | 1,471.5 | −0.138% | $29.7M | $73.9M | 75x | as long as short |
| Bybit ZECUSDT | −0.0082% | 8h | 1,471.8 | −0.114% | $274.9M | $641.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | −0.093% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEClong | −0.0059% | 8h | 1,473.5 | long leg | $47.7M | $34.4M | — | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.9 | −0.043% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.1 | −0.029% | $960K | $5.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,471.9 | −0.108% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
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 | 1,472.8 | −0.050% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,472.5 | −0.068% | $294K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,472.2 | −0.085% | $181.9M | $1.31B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,475.9 | +0.162% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.8 | −0.047% | $378K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,472.4 | −0.073% | $8K | $8K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.6 | −0.129% | $174K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.2 | −0.090% | $60K | $39K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472.2 | −0.089% | $14K | $840K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.7 | −0.056% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.5 | +0.004% | $764.7M | $459.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.9 | −0.106% | $14.9M | $32.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.3 | −0.079% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.9 | −0.108% | $684.0M | $2.41B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.5 | +0.001% | $696K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,472.5 | −0.067% | $51.5M | $178.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472 | −0.099% | $230.6M | $822.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.5 | −0.070% | $105.1M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.074% | $163.8M | $295.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.4 | −0.075% | — | $100.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.6 | +0.076% | $574K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.4 | −0.006% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,475.9 | +0.163% | $432K | $859K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.3 | −0.014% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.155% | $332K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.5 | −0.066% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.8 | −0.179% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.7 | +0.085% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.5 | −0.066% | $243K | $4.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.7 | −0.120% | $2.5M | $21.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.3 | −0.016% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.3 | +0.058% | $897K | $28K | 10x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,473.4 | −0.005% | $19.2M | $50.3M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.6 | −0.062% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.6 | −0.058% | $76K | $170K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,473.3 | −0.016% | $842K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0328% | 1h | 1,473.8 | +0.024% | $615K | $1.3M | 25x | |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,473.9 | +0.028% | $3.8M | $10.4M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0582% | 1h | 1,473.2 | −0.021% | $2.5M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0760% | 1h | 1,474.7 | +0.084% | $2.0M | $8.0M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0777% | 1h | 1,474 | +0.038% | $44K | $48K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Bulk ZEC-USD
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD