Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Derive against Bullet−0.186%54s7-day average −0.060% · 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)+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+1.563%+$156 · spread now −0.186%, 7d avg −0.060%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.126% cheaper against Bullet than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.060%. The two prices were read 54 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 | Bullet ZEC-USD | 1,504.8 | 0.0100 | pay 0.0013% / 1h | 29m 12s | $168K | $194K | 20x |
| Short | Derive ZEC-PERP | 1,502 | 0.0100 | get 0.0013% / 1h | 29m 12s | $449K | $419K | 6.7x |
Bullet ZEC-USD
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Bullet. 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: −0.186% → −0.060%
- −$12.64
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$26.64
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Bullet: live order book, 5 min ago; Derive: no order-book sample. 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 Bullet live order book, 5 min ago | 0.56 bp | 6.1 bp −$6 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.3702% | 1h | 1,491.4 | −0.890% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,502.5 | −0.152% | $62K | $305K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0205% | 1h | 1,505.3 | +0.032% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0160% | 8h | 1,504.9 | +0.003% | $31.8M | $76.5M | 75x | as long as short |
| Bulk ZEC-USD | −0.0098% | 1h | 1,506.5 | +0.114% | $775K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,502.7 | −0.138% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,503.7 | −0.075% | $418K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,504.7 | −0.009% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,504.8 | −0.002% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,504.9 | +0.006% | $18.3M | $47.9M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,504.6 | −0.016% | $8K | $6K | 5x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,504.2 | −0.043% | $4.8M | $1.4M | 10x | as long as short |
| Gate ZEC_USDT | +0.0084% | 8h | 1,504.5 | −0.024% | $60.6M | $186.0M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,504.7 | −0.011% | $304K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,505.9 | +0.073% | $19.5M | $45.1M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,506.1 | +0.088% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,504.5 | −0.021% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,504.4 | −0.025% | $62K | $17K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,503.8 | −0.067% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,504.1 | −0.045% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,504.9 | +0.005% | $787.3M | $446.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,504.2 | −0.042% | $14.1M | $30.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504.4 | −0.027% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504.8 | +0.001% | $710.7M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,504.1 | −0.045% | $269.5M | $623.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,504.3 | −0.033% | $185.1M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,504.9 | +0.005% | $408K | $558K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,505 | +0.010% | $609K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,504.8 | 0.000% | $406.4M | $835.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,504.7 | −0.007% | $102.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,504.4 | −0.026% | $162.7M | $295.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,504.5 | −0.025% | — | $120.2M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,502.5 | −0.151% | $49.7M | $36.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,503.3 | −0.101% | $554K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,502.7 | −0.138% | $3.1M | $533K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,503.6 | −0.084% | $413K | $952K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503 | −0.118% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,504.8 | −0.001% | $374K | $1.6M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,504.8 | long leg | $168K | $194K | 20x | |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,502 | −0.186% | $449K | $419K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,506 | +0.080% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,504.7 | −0.005% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,500.9 | −0.262% | $2.7M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,505.4 | +0.038% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,504.7 | −0.008% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,504.5 | −0.019% | $44K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,504.3 | −0.035% | $996K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0160% / S −0.0164% | 1h | 1,503.1 | −0.112% | $334K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0233% | 1h | 1,505.7 | +0.060% | $689K | $1.4M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0276% | 1h | 1,505.1 | +0.021% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,504.8 | +0.001% | $3.8M | $10.1M | 50x | as long as short |
01 Exchange ZECUSD
Phoenix ZEC
Gate ZEC_USDT
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX