ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0284%/8h= −31.1% APRnext payment −$0.36 per $10,000 · paid last 24h −0.030%

Price spread now: Ondo Perps against Deribit−0.100%7-day average −0.126% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.392%−$39 · spread now −0.100%, 7d avg −0.126%

Together, before fees−0.301%+ Points / potential airdropOndo Perps: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.027% dearer against Deribit than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.126%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ZEC_USDC-PERPETUAL	1,498.2	0.0081	pay 0.0010% / 1h	49m 29s	$683K	$1.3M	25x
Short	Ondo Perps ZEC-USD.P	1,496.7	−0.0203	pay 0.0025% / 1h	49m 29s	$408K	$497K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$59.65
Price spread: −0.100% → −0.126%: $2.67
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$68.98
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 3 min ago; Ondo Perps: 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 Deribit live order book, 3 min ago	6.54 bp	11.0 bp −$11	18.4 bp −$184	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 50 exchanges

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	−0.4130%	1h	1,490.6	−0.509%	$36K	$267K	12x	as long as short
ApeX Omni ZECUSDT	−0.0282%	1h	1,498.8	+0.040%	$410K	$949K	50x	as long as short
Ondo Perps ZEC-USD.Pshort	−0.0203%	1h	1,496.7	−0.100%	$408K	$497K	5x
BloFin ZEC-USDT	−0.0200%	8h	1,499.7	+0.103%	$32.0M	$72.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0095%	1h	1,501.5	+0.220%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.361%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,498.4	+0.016%	$413K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.1	−0.008%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.9	−0.151%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.357%	$5.4M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0024%	1h	1,498.4	+0.015%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,498.2	−0.002%	$921K	$1.3M	10x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.380%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,497.9	−0.022%	$302K	$855K	20x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0081%	1h	1,498.2	long leg	$683K	$1.3M	25x
Aster ZECUSDT	+0.0089%	8h	1,498.2	−0.003%	$14.1M	$27.3M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,499.6	+0.096%	$19.9M	$39.1M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,499.8	+0.108%	$2.0M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,498.3	+0.007%	$169K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,497.4	−0.050%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,497.7	−0.030%	$18.4M	$46.0M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,498	−0.010%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,498.8	+0.040%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,499.1	+0.060%	$787.7M	$430.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,498.9	+0.049%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,498.5	+0.017%	$705.4M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,497.9	−0.018%	$274.7M	$588.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,497.9	−0.018%	$185.3M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,498.9	+0.049%	$598K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498.1	−0.004%	$62.5M	$172.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.6	+0.026%	$180.9M	$825.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,498.1	−0.007%	$104.9M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,498.3	+0.004%	$163.6M	$278.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,498.4	+0.016%	—	$122.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,498.4	+0.016%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.2	+0.067%	$49.3M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.3	+0.074%	$548K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503	+0.322%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,499.5	+0.084%	$111K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,498.4	+0.014%	$368K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.6	+0.028%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499.7	+0.103%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,497.6	−0.043%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.1	−0.142%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.2	−0.002%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.489%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.2	+0.002%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.6	−0.105%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,502.3	+0.276%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,499.2	+0.064%	$3.9M	$9.4M	50x	as long as short