ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.021%

Price spread now: Bulk against Deribit−0.138%7-day average −0.092% · 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−$32as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Deribit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.055%−$6 on $10k

Price spread, last 3 days (all we have)−0.306%−$31 · spread now −0.138%, 7d avg −0.092%

Together, before fees−0.361%−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.046% cheaper against Deribit than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.092%). If the spread goes back, that is −$5 on $10k: about 7.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ZEC_USDC-PERPETUAL	1,466	0.0079	pay 0.0010% / 1h	17m 55s	$596K	$1.3M	25x
Short	Bulk ZEC-USD	1,463.9	0.0100	get 0.0013% / 1h	17m 55s	$903K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BulkbpOrdersPrice spread, now −0.138%Rate

Funding earned: $4.39
Price spread: −0.138% → −0.092%: −$4.64
Slippage, 4 orders: −$13.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$27.83
Costs to cover: 0.276%
Break-even: 51.4 days

Slippage from Deribit: live order book, 1 min ago; Bulk: live order book, 1 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 Deribit live order book, 1 min ago	5.83 bp	10.5 bp −$11	17.5 bp −$175	doesn't fit	doesn't fit
Sell Bulk live order book, 1 min ago	0.03 bp	3.5 bp −$4	3.5 bp −$35	4.0 bp −$402	6.6 bp −$3,297

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	1,465.3	−0.043%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,465	−0.064%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0244%	1h	1,463	−0.202%	$397K	$514K	5x	as long as short
BloFin ZEC-USDT	−0.0099%	8h	1,465.8	−0.011%	$29.2M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,465.9	−0.005%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0067%	8h	1,463.9	−0.141%	$270.8M	$666.6M	75x	as long as short
Variational Omni ZEC	−0.0030%	8h	1,462.2	−0.254%	$46.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.6	−0.024%	$413K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.1	+0.144%	$887K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,465.5	−0.035%	$83K	$404K	10x	as long as short

Show 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	1,465.5	−0.031%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,464.9	−0.071%	$292K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,465.2	−0.050%	$355K	—	100x	as long as short
Gate ZEC_USDT	+0.0042%	8h	1,464.6	−0.093%	$49.7M	$186.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0045%	8h	1,465.1	−0.063%	$176.8M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,465	−0.067%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,465	−0.066%	$4.6M	$1.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0079%	1h	1,466	long leg	$596K	$1.3M	25x
ApeX Omni ZECUSDT	+0.0084%	1h	1,463.5	−0.168%	$429K	$823K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,465	−0.063%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,465.5	−0.032%	$14K	$827K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,465.3	−0.045%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,466.2	+0.018%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,466.2	+0.016%	$760.8M	$478.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.8	−0.078%	$15.6M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.3	+0.026%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.6	−0.094%	$675.3M	$2.47B	75x	as long as short
Bulk ZEC-USDshort	+0.0100%	1h	1,463.9	−0.138%	$903K	$27K	10x
MEXC ZEC_USDT	+0.0100%	8h	1,464.6	−0.094%	$222.7M	$867.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,465.2	−0.056%	$103.6M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.8	−0.079%	$162.4M	$304.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,463.9	−0.139%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,463	−0.203%	$511K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,464.2	−0.123%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,463.9	−0.142%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,465	−0.066%	$344K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,464.9	−0.075%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.6	−0.161%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,467.3	+0.090%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,465	−0.063%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,465.7	−0.021%	$2.5M	$23.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,465.8	−0.014%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,465.1	−0.057%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.9	−0.073%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0128%	1h	1,466.8	+0.056%	$19.0M	$52.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0176%	1h	1,465.6	−0.022%	$2.3M	$3.7M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,465.8	−0.009%	$842K	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0400%	1h	1,467.2	+0.083%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,468.2	+0.155%	$3.7M	$11.4M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,466.6	+0.046%	$726K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0580%	1h	1,466	+0.003%	$41K	$34K	10x	as long as short