Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.042%
Price spread now: Backpack against 01 Exchange−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Backpack is 0.063% cheaper against 01 Exchange than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange ZECUSD | 1,459.7 | 0.0144 | pay 0.0018% / 1h | 19m 30s | $8K | $7K | 5x |
| Short | Backpack ZEC_USDC_PERP | 1,458.8 | 0.0100 | get 0.0013% / 1h | 19m 30s | $2.4M | $3.8M | 15x |
01 Exchange ZECUSD
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against 01 Exchange. 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
- −$9.24
- Price spread: −0.063% → 0.000%
- −$6.3
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.54
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 5 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 0.03 bp | 5.6 bp −$6 | 19.3 bp −$193 | doesn't fit | doesn't fit |
01 Exchange: 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 | −0.3244% | 1h | 1,459.5 | −0.012% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0082% | 8h | 1,459.4 | −0.021% | $29.1M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,459.2 | −0.032% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.7 | −0.068% | $411K | $43K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,459.2 | −0.030% | $1.5M | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,458.3 | −0.095% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,459.4 | −0.018% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0048% | 8h | 1,460.2 | +0.034% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,459.3 | −0.022% | $409K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,461.6 | +0.133% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,458.9 | −0.051% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,459.3 | −0.023% | $16K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,459.1 | −0.041% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,459 | −0.045% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,460.4 | +0.050% | $763.9M | $430.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,459.2 | −0.033% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,459.1 | −0.038% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,459.6 | −0.005% | $668.5M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,459.2 | −0.036% | $265.1M | $604.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,460.1 | +0.030% | $178.5M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,457.8 | −0.128% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.245% | $882K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,459.4 | −0.020% | $49.7M | $174.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,459.4 | −0.021% | $213.5M | $778.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.1 | −0.038% | $102.2M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,459.5 | −0.014% | $162.2M | $272.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,459.8 | +0.010% | — | $97.1M | — | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0100% | 1h | 1,458.8 | −0.063% | $2.4M | $3.8M | 15x | |
| Variational Omni ZEC | +0.0100% | 8h | 1,459 | −0.043% | $47.7M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | −0.005% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.7 | −0.001% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.4 | −0.016% | $410K | $913K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.6 | +0.063% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459.1 | −0.039% | $332K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,459.6 | −0.006% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,457.2 | −0.172% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,461.2 | +0.102% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,458.4 | −0.086% | $233K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458.3 | −0.094% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,458.5 | −0.081% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458.7 | −0.065% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,458.5 | −0.083% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSDlong | +0.0144% | 1h | 1,459.7 | long leg | $8K | $7K | 5x | |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,458.2 | −0.104% | $18.0M | $44.5M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,460.2 | +0.034% | $19.1M | $46.7M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,460.5 | +0.059% | $706K | $8.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0320% | 1h | 1,459.1 | −0.040% | $613K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0376% | 1h | 1,460.5 | +0.054% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,459.4 | −0.015% | $834K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,462.3 | +0.180% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0700% | 1h | 1,459.2 | −0.031% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD