Funding you earn now, next payment 22:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.074%
Price spread now: BloFin against Backpack−0.176%66s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as 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−$240.238% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.713%+$71 · spread now −0.176%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.191% cheaper against Backpack than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,459.4 | 0.0100 | pay 0.0013% / 1h | 10m 06s | $2.3M | $4.1M | 15x |
| Short | BloFin ZEC-USDT | 1,456.8 | −0.0086 | pay 0.0086% / 8h | 2h 10m | $28.8M | $75.3M | 75x |
Backpack ZEC_USDC_PERP
BloFin ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- −$39.11
- Price spread: −0.176% → +0.015%
- −$19.1
- Slippage, 4 orders
- −$1.78
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.99
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; BloFin: live order book, 9 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 Backpack live order book, 4 min ago | 0.03 bp | 5.1 bp −$5 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 0.07 bp | 6.1 bp −$6 | 8.6 bp −$86 | 14.2 bp −$1,418 | 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 | −0.3476% | 1h | 1,433.1 | −1.799% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDTshort | −0.0086% | 8h | 1,456.8 | −0.176% | $28.8M | $75.3M | 75x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.5 | −0.127% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,458.4 | −0.066% | $17.7M | $44.7M | 25x | as long as short |
| Bybit ZECUSDT | −0.0018% | 8h | 1,457.7 | −0.113% | $269.1M | $677.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0004% | 8h | 1,455.9 | −0.237% | $45.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.4 | −0.066% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.9 | −0.032% | $934K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,458.6 | −0.051% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,459.5 | +0.009% | $594K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow 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 | 1,459.2 | −0.013% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,458.5 | −0.061% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0017% / S +0.0074% | 1h | 1,459 | −0.028% | $558K | — | 100x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0039% | 1h | 1,455.9 | −0.239% | $395K | $514K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,459.3 | −0.003% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0057% | 8h | 1,459 | −0.027% | $174.2M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0063% | 8h | 1,458.4 | −0.069% | $49.3M | $191.0M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,459.2 | −0.014% | $15K | $865K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,460.1 | +0.051% | $18.9M | $54.7M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,459.1 | −0.021% | $173K | $2.0M | 50x | as long as short |
| Aster ZECUSDT | +0.0098% | 8h | 1,458.6 | −0.054% | $15.4M | $33.9M | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,459.3 | −0.010% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458.8 | −0.040% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,459.5 | +0.008% | $754.9M | $495.3M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,458.9 | −0.035% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,458.6 | −0.054% | $666.0M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,458.6 | −0.054% | $218.6M | $899.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,458.8 | −0.038% | $103.2M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,458.9 | −0.033% | $161.5M | $312.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,458.7 | −0.050% | — | $101.6M | — | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0100% | 1h | 1,459.4 | long leg | $2.3M | $4.1M | 15x | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.1 | −0.158% | $489K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,458.5 | −0.060% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458 | −0.098% | $428K | $814K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,457.6 | −0.121% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459 | −0.027% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,458.6 | −0.055% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.4 | −0.205% | $445K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460.7 | +0.091% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,458.6 | −0.055% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459 | −0.027% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,458.8 | −0.042% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.7 | −0.184% | $897K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,458.5 | −0.058% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,459.3 | −0.006% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,458.7 | −0.049% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,459.9 | +0.035% | $848K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,461 | +0.109% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0478% | 1h | 1,458.3 | −0.071% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,460.2 | +0.056% | $748K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0592% | 1h | 1,460.8 | +0.094% | $2.0M | $8.5M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Aster ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
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
Bulk ZEC-USD
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC