Funding you earn now, next payment 23:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.005%
Price spread now: GMX against Variational Omni−0.317%7-day average +0.084% · 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)−0.105%−$11 on $10k
+Price spread, last 3 days (all we have)+0.482%+$48 · spread now −0.317%, 7d avg +0.084%
=Together, before fees+0.376%+ Points / potential airdropVariational Omni: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.401% cheaper against Variational Omni than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.084%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZEC | 1,467.5 | −0.0022 | get 0.0022% / 8h | 1h 54m | $46.8M | $34.4M | — |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,462.9 | L +0.0009% / S +0.0078% | pay 0.0010% / 1h | 54m 10s | $560K | — | 100x |
Variational Omni ZEC
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$11.71
- Price spread: −0.317% → +0.084%
- −$40.06
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$63.77
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; GMX: 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 Variational Omni RFQ quote, 5 min ago | 2.77 bp | doesn't fit | 5.4 bp −$54 | 14.5 bp −$1,447 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | −0.3310% | 1h | 1,465.3 | −0.151% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,461.8 | −0.389% | $17.8M | $44.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0120% | 1h | 1,466 | −0.104% | $398K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,467.8 | +0.018% | $29.0M | $76.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.4 | −0.075% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0046% | 8h | 1,461 | −0.448% | $270.2M | $681.4M | 75x | as long as short |
| Variational Omni ZEClong | −0.0022% | 8h | 1,467.5 | long leg | $46.8M | $34.4M | — | |
| Deribit ZEC_USDC-PERPETUAL | −0.0002% | 1h | 1,462.9 | −0.315% | $595K | $1.3M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.8 | −0.052% | $413K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,465.5 | −0.137% | $940K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Deribit ZEC_USDC-PERPETUAL
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,463.4 | −0.281% | $83K | $401K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.3 | −0.291% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0009% / S +0.0078% | 1h | 1,462.9 | −0.317% | $560K | — | 100x | |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,462.4 | −0.350% | $293K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,461.6 | −0.405% | $175.3M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,465.7 | −0.128% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0056% | 8h | 1,463.4 | −0.283% | $50.0M | $183.3M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.7 | −0.127% | $14K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,463.5 | −0.276% | $18.9M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.9 | −0.180% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.3 | −0.154% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.8 | −0.189% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,465 | −0.175% | $760.4M | $487.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,462.9 | −0.318% | $15.4M | $33.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466 | −0.106% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.9 | −0.385% | $669.3M | $2.54B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.459% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,462 | −0.380% | $221.4M | $849.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,464.3 | −0.221% | $103.4M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.2 | −0.363% | $161.8M | $310.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,463 | −0.311% | — | $102.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.9 | −0.248% | $510K | $9.4M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.1 | +0.042% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,468.2 | +0.046% | $431K | $817K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,468.7 | +0.080% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.5 | −0.206% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.7 | −0.331% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,461.2 | −0.428% | $446K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.7 | −0.191% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,462 | −0.376% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463 | −0.309% | $2.4M | $24.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.351% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,464.5 | −0.209% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.7 | −0.328% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,462.5 | −0.340% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,466.3 | −0.086% | $845K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0375% | 1h | 1,467.8 | +0.016% | $2.3M | $4.1M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,467.7 | +0.014% | $3.7M | $11.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0440% | 1h | 1,463.8 | −0.256% | $2.0M | $8.2M | 10x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,466.6 | −0.064% | $731K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0517% | 1h | 1,465.1 | −0.165% | $41K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
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-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
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD