Funding you earn now, next payment 03:00 UTC−0.0230%/8h= −25.1% APRpaid last 24h −0.017%
Price spread now: Orderly against Deribit−0.051%7-day average −0.056% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.051%, 7d avg −0.056%
=The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,450.5 | 0.0283 | pay 0.0035% / 1h | 5m 54s | $609K | $1.3M | 25x |
| Short | Orderly PERP_ZEC_USDC | 1,449.8 | 0.0054 | get 0.0054% / 8h | 5h 05m | $290K | $964K | 20x |
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Deribit. 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
- −$48.21
- Price spread: −0.051% → −0.056%
- $0.55
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$60.66
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 3 min ago; Orderly: 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 | 5.40 bp | 10.3 bp −$10 | 360.6 bp −$3,606 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.3244% | 1h | 1,453.8 | +0.221% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450.4 | −0.010% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,450.1 | −0.034% | $29.2M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.9 | −0.044% | $408K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.2 | −0.022% | $1.4M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.4 | −0.007% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,449.6 | −0.063% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0054% | 8h | 1,449.8 | −0.051% | $290K | $964K | 20x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0062% / S −0.0012% | 1h | 1,449.5 | −0.070% | $407K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | +0.306% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,450 | −0.037% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,449.7 | −0.060% | $13K | $869K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,450.3 | −0.018% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.3 | −0.016% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.1 | +0.040% | $754.5M | $434.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,449.7 | −0.056% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,450.4 | −0.012% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,450.1 | −0.033% | $663.9M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.7 | −0.057% | $262.2M | $605.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,450.9 | +0.025% | $177.7M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.3 | −0.086% | $395K | $438K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.476% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,450.1 | −0.034% | $49.7M | $176.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450.1 | −0.031% | $218.9M | $782.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.8 | −0.051% | $101.9M | $55.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.4 | −0.014% | $161.7M | $272.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,450.2 | −0.026% | — | $96.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.7 | +0.011% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,449.4 | −0.079% | $47.3M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.5 | +0.207% | $566K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.8 | +0.227% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,453.1 | +0.173% | $409K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.3 | +0.121% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.6 | −0.065% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450 | −0.038% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,448.8 | −0.120% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452.8 | +0.153% | $4K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450.2 | −0.023% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449.5 | −0.069% | $2.7M | $18.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.3 | −0.018% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.6 | −0.063% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.6 | −0.063% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,450.1 | −0.028% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,450.1 | −0.032% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,451.5 | +0.068% | $19.0M | $46.8M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,452.3 | +0.120% | $722K | $8.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0283% | 1h | 1,450.5 | long leg | $609K | $1.3M | 25x | |
| Lighter RH ZEC | +0.0360% | 1h | 1,451.8 | +0.089% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,450.6 | +0.005% | $831K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,451.6 | +0.075% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0687% | 1h | 1,454.7 | +0.286% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD