Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.98 per $10,000 · paid last 24h +0.005%
Price spread now: GRVT against Variational Omni+0.147%59s7-day average +0.029% · 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)+0.005%$0 on $10k
+Price spread, last 7 days−0.152%−$15 · spread now +0.147%, 7d avg +0.029%
=Together, before fees−0.147%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.118% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.029%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZEC | 1,467.3 | 0.0002 | pay 0.0002% / 8h | 6h 54m | $47.8M | $33.5M | — |
| Short | GRVT ZEC_USDT_Perp | 1,469.4 | 0.0100 | get 0.0100% / 8h | 6h 54m | $3.0M | $450K | 10x |
Variational Omni ZEC
GRVT ZEC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $20.61
- Price spread: +0.147% → +0.029%
- $11.8
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $23.41
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; GRVT: live order book, 4 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, 5 min ago | 2.76 bp | doesn't fit | 5.1 bp −$51 | 13.0 bp −$1,296 | doesn't fit |
| Sell GRVT live order book, 4 min ago | 1.67 bp | 6.2 bp −$6 | 6.5 bp −$65 | 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 | −0.3678% | 1h | 1,470.8 | +0.241% | $34K | $274K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0190% | 1h | 1,468.3 | +0.070% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0113% | 8h | 1,469.2 | +0.132% | $29.6M | $72.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.4 | +0.145% | $6K | $1K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,469 | +0.119% | $18.1M | $43.3M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.9 | +0.177% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.8 | +0.173% | $957K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.1 | +0.126% | $83K | $405K | 10x | as long as short |
| Variational Omni ZEClong | +0.0002% | 8h | 1,467.3 | long leg | $47.8M | $33.5M | — | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.9 | +0.113% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,468.9 | +0.113% | $8K | $9K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0024% | 8h | 1,468.9 | +0.111% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,468.4 | +0.077% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,468.9 | +0.107% | $382K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0072% | 8h | 1,468.9 | +0.107% | $180.6M | $1.28B | 50x | as long as short |
| Gate ZEC_USDT | +0.0089% | 8h | 1,468.9 | +0.113% | $49.9M | $173.3M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.7 | +0.098% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468.8 | +0.104% | $14K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.5 | +0.149% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.8 | +0.103% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.5 | +0.151% | $764.9M | $448.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.1 | +0.123% | $14.9M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.5 | +0.153% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.8 | +0.101% | $681.4M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,468.3 | +0.071% | $271.6M | $625.7M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | +0.230% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.3 | +0.135% | $218.2M | $789.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.1 | +0.124% | $103.7M | $55.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.7 | +0.100% | $163.2M | $286.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.1 | +0.126% | — | $100.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.4 | +0.213% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perpshort | +0.0100% | 8h | 1,469.4 | +0.147% | $3.0M | $450K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.5 | +0.151% | $427K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,468.7 | +0.100% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.7 | +0.097% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.4 | +0.078% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.6 | +0.020% | $457K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.4 | +0.280% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.8 | +0.106% | $242K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.2 | +0.064% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.3 | +0.135% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.2 | +0.130% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.3 | +0.136% | $51K | $164K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0124% | 1h | 1,469.7 | +0.164% | $604K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0184% | 1h | 1,471 | +0.251% | $19.2M | $47.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0232% | 1h | 1,471 | +0.254% | $2.0M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,470.8 | +0.242% | $691K | $8.6M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,469.8 | +0.174% | $853K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0469% | 1h | 1,469.6 | +0.159% | $2.5M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,471 | +0.256% | $3.7M | $9.7M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0752% | 1h | 1,469.6 | +0.158% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
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
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Lighter RH ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD