Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.001%
Price spread now: Orderly against Variational Omni−0.153%48s7-day average +0.070% · 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)−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)+0.734%+$73 · spread now −0.153%, 7d avg +0.070%
=Together, before fees+0.671%+ Points / potential airdropVariational Omni: Active · farm board+$67 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.223% cheaper against Variational Omni than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.070%). Swap the legs. The two prices were read 48 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 | 1,470.6 | 0.0067 | pay 0.0067% / 8h | 6h 08m | $48.0M | $32.8M | — |
| Short | Orderly PERP_ZEC_USDC | 1,468.4 | 0.0031 | get 0.0031% / 8h | 6h 08m | $293K | $998K | 20x |
Variational Omni ZEC
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$7.57
- Price spread: −0.153% → +0.070%
- −$22.32
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$35.9
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Orderly: 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, 1 min ago | 2.76 bp | doesn't fit | 4.9 bp −$49 | 13.1 bp −$1,310 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 50 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 | 1,456 | −0.992% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.9 | −0.117% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0041% | 1h | 1,467.9 | −0.185% | $399K | $502K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,468.5 | −0.142% | $18.1M | $43.8M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.6 | −0.205% | $413K | $53K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,470.5 | −0.009% | $972K | $4.8M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.5 | −0.147% | $84K | $251K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.7 | −0.132% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0031% | 8h | 1,468.4 | −0.153% | $293K | $998K | 20x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,468.6 | −0.140% | $384K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,467.2 | −0.230% | $8K | $8K | 5x | as long as short |
| Variational Omni ZEClong | +0.0067% | 8h | 1,470.6 | long leg | $48.0M | $32.8M | — | |
| Phoenix ZEC | +0.0070% | 1h | 1,470 | −0.043% | $4.6M | $1.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0089% | 1h | 1,469.1 | −0.102% | $611K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0094% | 8h | 1,466.7 | −0.266% | $180.5M | $1.25B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.8 | −0.262% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466.4 | −0.290% | $12K | $841K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.9 | −0.253% | $60K | $40K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.2 | −0.231% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.9 | −0.185% | $764.7M | $434.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.5 | −0.280% | $14.8M | $29.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.3 | −0.227% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.8 | −0.263% | $678.3M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466.6 | −0.277% | $271.2M | $613.5M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.147% | $894K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,466.6 | −0.275% | $50.0M | $176.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.8 | −0.260% | $215.3M | $802.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.6 | −0.273% | $103.0M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467 | −0.249% | $162.9M | $280.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,466 | −0.311% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.2 | −0.030% | $572K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,471.2 | +0.040% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,471.1 | +0.035% | $428K | $895K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.1 | −0.034% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.6 | −0.273% | $343K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.4 | −0.149% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.1 | −0.237% | $456K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.5 | −0.011% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.2 | −0.165% | $242K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.110% | $2.5M | $18.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.4 | −0.152% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.9 | −0.253% | $2.8M | $7.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.2 | −0.166% | $48K | $158K | 20x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,468.3 | −0.158% | $19.2M | $48.2M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468.8 | −0.123% | $699K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,468.7 | −0.128% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,467.3 | −0.224% | $854K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0439% | 1h | 1,468.2 | −0.164% | $2.4M | $4.0M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,470.1 | −0.035% | $3.6M | $9.2M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0739% | 1h | 1,471.4 | +0.051% | $44K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
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
Gate ZEC_USDT
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD