Funding you earn now, next payment 23:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.004%
Price spread now: Deribit against Binance+0.059%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)+0.476%+$48 · spread now +0.059%, 7d avg +0.073%
=The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZECUSDT | 1,466.9 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $676.4M | $2.47B | 75x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,467.8 | 0.0116 | get 0.0015% / 1h | 14m 23s | $597K | $1.3M | 25x |
Binance ZECUSDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- $3.42
- Price spread: +0.059% → +0.073%
- −$1.35
- Slippage, 4 orders
- −$13.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.69
- Costs to cover
- 0.308%
- Break-even
- 65.8 days
Slippage from Binance: live order book, 15 min ago; Deribit: live order book, 5 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 Binance live order book, 15 min ago | 0.03 bp | 5.2 bp −$5 | 7.5 bp −$75 | 15.6 bp −$1,560 | doesn't fit |
| Sell Deribit live order book, 5 min ago | 5.83 bp | 10.0 bp −$10 | 13.0 bp −$130 | 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 | −0.3310% | 1h | 1,467.5 | +0.042% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,466.7 | −0.015% | $17.8M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0243% | 1h | 1,464.9 | −0.137% | $397K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,467 | +0.005% | $29.3M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.7 | +0.053% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0067% | 8h | 1,466.3 | −0.044% | $271.2M | $666.0M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,463.6 | −0.226% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.9 | −0.001% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.1 | +0.083% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.1 | +0.014% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,467.3 | +0.028% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,466.8 | −0.005% | $293K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,467 | +0.004% | $356K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0043% | 8h | 1,466.8 | −0.010% | $177.0M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,466.8 | −0.005% | $49.9M | $186.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,467.8 | +0.061% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,465.1 | −0.123% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0079% | 1h | 1,463.2 | −0.256% | $429K | $824K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467 | +0.003% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,467 | +0.005% | $14K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467.1 | +0.014% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.1 | +0.084% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.2 | +0.088% | $761.8M | $478.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.9 | −0.001% | $15.6M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.1 | +0.084% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDTlong | +0.0100% | 8h | 1,466.9 | long leg | $676.4M | $2.47B | 75x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.202% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467 | +0.008% | $223.7M | $868.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.3 | +0.024% | $103.8M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.9 | −0.001% | $162.7M | $304.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,465.8 | −0.076% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464 | −0.200% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.3 | −0.178% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.5 | +0.038% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.027% | $345K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.013% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.4 | −0.105% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469 | +0.143% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.012% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.5 | −0.028% | $2.5M | $23.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.6 | −0.019% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.5 | +0.043% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.2 | +0.018% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0116% | 1h | 1,467.8 | +0.059% | $597K | $1.3M | 25x | |
| Lighter ZEC | +0.0128% | 1h | 1,469.1 | +0.148% | $19.0M | $52.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0174% | 1h | 1,467.7 | +0.057% | $2.4M | $3.7M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,467.9 | +0.069% | $843K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,469.7 | +0.193% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,469.3 | +0.164% | $3.7M | $11.4M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,468.3 | +0.096% | $724K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0587% | 1h | 1,466.7 | −0.016% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Bulk ZEC-USD
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
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD