ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h +0.017%

Price spread now: RISEx against Deribit−0.082%80s7-day average −0.034% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.243% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.175%+$18 on $10k

Price spread, last 4 days (all we have)−1.363%−$136 · spread now −0.082%, 7d avg −0.034%

Together, before fees−1.188%−$119 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.048% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.034%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.175%, so the current rate has only just turned against you. The two prices were read 80 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	Deribit ZEC_USDC-PERPETUAL	1,509.7	0.0200	pay 0.0025% / 1h	21m 12s	$691K	$1.3M	25x
Short	RISEx ZEC/USDC	1,508.5	0.0157	get 0.0020% / 1h	21m 12s	$953K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$9.06
Price spread: −0.082% → −0.034%: −$4.82
Slippage, 4 orders: −$11.33
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$38.21
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; RISEx: live order book, 2 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, 3 min ago	4.24 bp	8.3 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.16 bp	4.2 bp −$4	8.7 bp −$87	doesn't fit	doesn't fit

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	1,488.8	−1.385%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,507.9	−0.126%	$62K	$304K	10x	as long as short
Aftermath Perps ZECUSD	−0.0231%	1h	1,507.4	−0.152%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0164%	8h	1,508	−0.116%	$31.7M	$76.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,508.9	−0.057%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,509.2	−0.037%	$417K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,509.1	−0.041%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,508.8	−0.066%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,508.5	−0.080%	$18.4M	$47.6M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,508.4	−0.092%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,511	+0.083%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,508.5	−0.084%	$305K	$860K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,508.4	−0.086%	$19.5M	$45.3M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,508.4	−0.087%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,508.7	−0.071%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,508.5	−0.080%	$16K	$895K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,508.4	−0.088%	$62K	$16K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,509.3	−0.033%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,509.7	−0.003%	$789.1M	$442.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,507.6	−0.142%	$14.2M	$30.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,509.3	−0.030%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,507.3	−0.160%	$712.2M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,506.6	−0.208%	$272.4M	$617.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,507.1	−0.173%	$184.8M	$1.37B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,508.6	−0.076%	$410K	$547K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,509.6	−0.008%	$598K	$8.9M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,503.8	−0.396%	$774K	$147K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,508.6	−0.079%	$60.9M	$187.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,507.6	−0.144%	$407.2M	$839.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,507.8	−0.129%	$103.4M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,507.5	−0.149%	$163.5M	$294.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,507.8	−0.131%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.5	−0.218%	$49.9M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,509.5	−0.018%	$557K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,510.3	+0.034%	$3.1M	$541K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,510.7	+0.064%	$415K	$953K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,507.5	−0.147%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,509.2	−0.036%	$375K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,509	−0.052%	$169K	$192K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.512%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510.2	+0.031%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,508.3	−0.096%	$255K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,507.2	−0.169%	$2.7M	$20.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,508	−0.116%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,508.8	−0.064%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,508.8	−0.065%	$45K	$153K	20x	as long as short
RISEx ZEC/USDCshort	+0.0157%	1h	1,508.5	−0.082%	$953K	$1.1M	10x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0162% / S −0.0168%	1h	1,507.1	−0.173%	$335K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0200%	1h	1,509.7	long leg	$691K	$1.3M	25x
Backpack ZEC_USDC_PERP	+0.0203%	1h	1,508	−0.116%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,510.6	+0.055%	$3.8M	$10.0M	50x	as long as short