Funding you earn now, next payment 07:23 UTC−0.0547%/8h= −59.8% APRpaid last 24h +0.008%
Price spread now: Perpl against Bybit−0.174%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+1.954%+$195 · spread now −0.174%, 7d avg −0.020%
=Together, before fees+1.857%+ Points / potential airdropPerpl: Active · farm board+$186 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Perpl is 0.154% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% 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 | Bybit ZECUSDT | 1,503.3 | 0.0100 | pay 0.0100% / 8h | 19m 14s | $270.2M | $617.8M | 75x |
| Short | Perpl ZEC | 1,500.7 | −0.0447 | pay 0.0040% / 43m | 8m 14s | $61K | $303K | 10x |
Bybit ZECUSDT
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Bybit. 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
- −$114.77
- Price spread: −0.174% → −0.020%
- −$15.43
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$155
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Perpl: 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 Bybit live order book, 5 min ago | 0.03 bp | 7.3 bp −$7 | 9.6 bp −$96 | 20.7 bp −$2,072 | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.3442% | 1h | 1,479.6 | −1.579% | $36K | $275K | 12x | as long as short |
| Perpl ZECshort | −0.0447% | 43m | 1,500.7 | −0.174% | $61K | $303K | 10x | |
| BloFin ZEC-USDT | −0.0148% | 8h | 1,504.3 | +0.064% | $31.3M | $76.0M | 75x | as long as short |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | −0.506% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0106% | 1h | 1,495.9 | −0.492% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,496.8 | −0.435% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502 | −0.085% | $417K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,499.2 | −0.275% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,503 | −0.021% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,504.9 | +0.104% | $18.1M | $47.1M | 25x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Bulk ZEC-USD
Aftermath Perps ZECUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0043% | 1h | 1,493.6 | −0.646% | $408K | $554K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,503.6 | +0.020% | $303K | $864K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,502.8 | −0.036% | $8K | $6K | 5x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,496 | −0.486% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,502.5 | −0.055% | $183K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,502.6 | −0.046% | $12K | $891K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,502.6 | −0.044% | $62K | $20K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,501.9 | −0.093% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,503.2 | −0.007% | $785.3M | $439.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,503.7 | +0.025% | $14.1M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,502.3 | −0.068% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504.2 | +0.062% | $703.7M | $2.30B | 75x | as long as short |
| Bybit ZECUSDTlong | +0.0100% | 8h | 1,503.3 | long leg | $270.2M | $617.8M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,504 | +0.043% | $183.3M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,502.6 | −0.047% | $56.8M | $185.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502.6 | −0.049% | $243.0M | $803.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,502.5 | −0.053% | $103.2M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,504 | +0.047% | $162.6M | $289.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,503.2 | −0.006% | — | $117.3M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,495.2 | −0.541% | $48.9M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,493.9 | −0.625% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,496.3 | −0.467% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,494.6 | −0.580% | $411K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,496 | −0.488% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,502.3 | −0.067% | $360K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,502.8 | −0.031% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,493.5 | −0.653% | $456K | $469K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,506.5 | +0.214% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,504.2 | +0.061% | $254K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,503.6 | +0.017% | $2.7M | $20.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,504.2 | +0.058% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,504.1 | +0.055% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,504 | +0.049% | $43K | $151K | 20x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,505.5 | +0.144% | $2.1M | $7.4M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,503 | −0.022% | $946K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0145% / S −0.0142% | 1h | 1,499.6 | −0.246% | $333K | — | 100x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,505.8 | +0.163% | $19.9M | $45.7M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0226% | 1h | 1,504.9 | +0.104% | $687K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,503.3 | +0.002% | $609K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,504.8 | +0.102% | $3.7M | $9.9M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0537% | 1h | 1,500.7 | −0.175% | $2.3M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
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
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP