Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.095%
Price spread now: Deribit against ApeX Omni−0.030%74s7-day average +0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs+$66as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days+1.067%+$107 on $10k
+Price spread, last 3 days (all we have)+0.936%+$94 · spread now −0.030%, 7d avg +0.219%
=Funding pays, the price is against you. Deribit is 0.249% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.219%). If the spread goes back, that is −$25 on $10k: about 34 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+1.067% in total) that is about 39 hours. The two prices were read 74 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 | ApeX Omni ZECUSDT | 1,470.1 | 0.0100 | pay 0.0013% / 1h | 25m 57s | $430K | $868K | 50x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,469.6 | 0.0124 | get 0.0016% / 1h | 25m 57s | $604K | $1.3M | 25x |
ApeX Omni ZECUSDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against ApeX 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
- $5.11
- Price spread: −0.030% → +0.219%
- −$24.93
- Slippage, 4 orders
- −$23.61
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$60.44
- Costs to cover
- 0.406%
- Break-even
- 89.8 days
Slippage from ApeX Omni: live order book, 48 min ago; Deribit: live order book, 3 min ago.
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 ApeX Omni live order book, 48 min ago | 2.92 bp | 7.9 bp −$8 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 5.50 bp | 11.0 bp −$11 | 16.1 bp −$161 | 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 | 1,471.8 | +0.116% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,468.9 | −0.077% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0110% | 1h | 1,466.9 | −0.216% | $399K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,469.8 | −0.017% | $29.7M | $73.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.3 | −0.050% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0047% | 8h | 1,468.5 | −0.107% | $47.6M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.1 | −0.069% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.6 | −0.030% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.2 | −0.057% | $83K | $405K | 10x | as long as short |
| Bybit ZECUSDT | +0.0006% | 8h | 1,468.8 | −0.086% | $273.7M | $633.6M | 75x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Bybit ZECUSDTShow 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 | 1,469.2 | −0.063% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,469 | −0.071% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,468.8 | −0.088% | $293K | $1.2M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,469 | −0.074% | $181.8M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,473.1 | +0.209% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,469.2 | −0.060% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469 | −0.072% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468.9 | −0.081% | $20K | $838K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.3 | −0.053% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.2 | −0.062% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470 | −0.005% | $762.3M | $455.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.7 | −0.091% | $14.9M | $31.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.2 | −0.059% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.2 | −0.061% | $684.1M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470.8 | +0.052% | $700K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468.6 | −0.098% | $51.2M | $179.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.7 | −0.095% | $230.6M | $826.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.7 | −0.096% | $104.6M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.2 | −0.059% | $163.5M | $292.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,468.8 | −0.084% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.8 | +0.052% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.9 | +0.058% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDTlong | +0.0100% | 1h | 1,470.1 | long leg | $430K | $868K | 50x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.6 | +0.033% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.9 | −0.080% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.9 | −0.077% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.2 | −0.196% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471 | +0.062% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.7 | −0.090% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.073% | $2.5M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.5 | −0.041% | $3.9M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.111% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.1 | −0.064% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.9 | −0.082% | $54K | $168K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0124% | 1h | 1,469.6 | −0.030% | $604K | $1.3M | 25x | |
| Lighter ZEC | +0.0200% | 1h | 1,470.4 | +0.024% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,469.8 | −0.021% | $852K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,471.3 | +0.082% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0536% | 1h | 1,469.6 | −0.033% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0768% | 1h | 1,470.5 | +0.030% | $43K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0784% | 1h | 1,471 | +0.063% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
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-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC