Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: Bullet against Bulk−0.145%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Funding, last 3 days (all we have)+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+2.389%+$239 · spread now −0.145%, 7d avg +0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.187% cheaper against Bulk than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk ZEC-USD | 1,474.6 | 0.0100 | pay 0.0013% / 1h | 45m 23s | $897K | $17K | 10x |
| Short | Bullet ZEC-USD | 1,472.5 | 0.0100 | get 0.0013% / 1h | 45m 23s | $128K | $158K | 20x |
Bulk ZEC-USD
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Bulk. 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
- $0
- Price spread: −0.145% → +0.042%
- −$18.69
- Slippage, 4 orders
- −$3.68
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$37.37
- Costs to cover
- 0.187%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 24 min ago; Bullet: live order book, 24 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 Bulk live order book, 24 min ago | 0.03 bp | 3.5 bp −$4 | 3.6 bp −$36 | 9.0 bp −$901 | 17.2 bp −$8,589 |
| Sell Bullet live order book, 24 min ago | 0.31 bp | 5.8 bp −$6 | 10.2 bp −$102 | 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 | −0.3678% | 1h | 1,477.5 | +0.196% | $34K | $274K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0086% | 1h | 1,473 | −0.112% | $400K | $517K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.7 | −0.133% | $6K | $1K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474.7 | +0.007% | $18.0M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.1 | −0.104% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.5 | +0.059% | $960K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.8 | −0.123% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.6 | −0.136% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | +0.038% | $29.6M | $73.3M | 75x | as long as short |
| Variational Omni ZEC | +0.0016% | 8h | 1,474 | −0.043% | $48.1M | $33.4M | — | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
BloFin ZEC-USDT
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,472.3 | −0.156% | $294K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,473.1 | −0.104% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474.4 | −0.014% | $383K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.7 | −0.063% | $4.7M | $1.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0075% | 8h | 1,472.6 | −0.141% | $50.1M | $174.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0079% | 8h | 1,472.6 | −0.141% | $181.3M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.8 | −0.127% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472.6 | −0.138% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.3 | −0.162% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.9 | −0.116% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.6 | −0.071% | $766.8M | $449.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.148% | $14.9M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.8 | −0.123% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.147% | $682.4M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.2 | −0.164% | $271.6M | $626.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.6 | −0.137% | $218.5M | $792.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.1 | −0.108% | $103.7M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.8 | −0.126% | $163.3M | $286.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,473.2 | −0.101% | — | $100.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | −0.023% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476 | +0.089% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.5 | −0.010% | $429K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.002% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.152% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,472.5 | −0.145% | $128K | $158K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473 | −0.110% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.7 | +0.138% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.015% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474 | −0.044% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475 | +0.027% | $3.8M | $5.2M | 50x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,474.6 | long leg | $897K | $17K | 10x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.5 | −0.147% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.2 | −0.032% | $51K | $164K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0156% | 1h | 1,475.1 | +0.034% | $607K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0208% | 1h | 1,474.1 | −0.036% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,473.9 | −0.049% | $685K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,473.9 | −0.053% | $19.2M | $48.0M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,473.3 | −0.092% | $855K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,476.3 | +0.109% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0568% | 1h | 1,474.3 | −0.027% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0737% | 1h | 1,474.5 | −0.011% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
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
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Arcus ZEC-USD
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD