Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: Extended against Derive−0.058%159s7-day average +0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.058%, 7d avg +0.060%
=Together, before fees−0.120%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.118% cheaper against Derive than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.060%. The two prices were read 159 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 | Derive ZEC-PERP | 1,495.2 | 0.0100 | pay 0.0013% / 1h | 4m 35s | $456K | $500K | 6.7x |
| Short | Extended ZEC-USD | 1,494.3 | 0.0104 | get 0.0013% / 1h | 4m 35s | $2.8M | $7.9M | 10x |
Derive ZEC-PERP
Extended ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Derive. 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
- $0.84
- Price spread: −0.058% → +0.060%
- −$11.78
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$21.94
- Costs to cover
- 0.110%
- Break-even
- 189.8 days
Slippage unknown: Derive: no order-book sample; Extended: live order book, 4 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 4 min ago | 0.72 bp | 5.3 bp −$5 | 14.5 bp −$145 | 56.6 bp −$5,655 | doesn't fit |
Derive: 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 | −0.3684% | 1h | 1,479.6 | −1.042% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,493.8 | −0.094% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0143% | 8h | 1,494.8 | −0.024% | $30.9M | $75.1M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,494.5 | −0.042% | $18.1M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,496 | +0.052% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,495.5 | +0.023% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,495.8 | +0.043% | $1.5M | $4.7M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,494.6 | −0.041% | $682K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,494 | −0.081% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0015% | 1h | 1,495.2 | +0.005% | $48K | $64K | 10x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0080% | 8h | 1,493.8 | −0.089% | $301K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,494.5 | −0.045% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,494.5 | −0.044% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,494.8 | −0.028% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,495.8 | +0.040% | $3.1M | $7.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,495.4 | +0.014% | $14.0M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,496.3 | +0.073% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,496.1 | +0.063% | $697.3M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494.9 | −0.021% | $267.8M | $630.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,494.3 | −0.057% | $182.7M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,494.1 | −0.072% | $408K | $554K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,494.2 | −0.062% | $903K | $7K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,494.7 | −0.032% | $55.2M | $187.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,495 | −0.013% | $242.9M | $799.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,494.5 | −0.043% | $103.1M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494.3 | −0.060% | $160.7M | $289.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,493.5 | −0.109% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,495.2 | 0.000% | $48.9M | $34.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,495.1 | −0.003% | $573K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,494.7 | −0.029% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,496.3 | +0.078% | $412K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,496.1 | +0.062% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,495.2 | +0.002% | $358K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,493.9 | −0.082% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,495.2 | long leg | $456K | $500K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,495.7 | +0.037% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494.2 | −0.065% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,494.5 | −0.042% | $2.7M | $20.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.5 | −0.043% | $4.0M | $5.0M | 50x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,497 | +0.122% | $781.4M | $446.5M | 10x | as long as short |
| Extended ZEC-USDshort | +0.0104% | 1h | 1,494.3 | −0.058% | $2.8M | $7.9M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,493.8 | −0.090% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,494.9 | −0.019% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,494.7 | −0.031% | $939K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,496.6 | +0.095% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0137% / S −0.0133% | 1h | 1,493.7 | −0.101% | $396K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0192% | 1h | 1,497.6 | +0.162% | $2.1M | $7.5M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,495.3 | +0.011% | $611K | $8.7M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0259% | 1h | 1,495.5 | +0.025% | $2.3M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,497.8 | +0.175% | $19.7M | $47.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,495.4 | +0.014% | $3.7M | $10.1M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
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-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Hyperliquid ZEC
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZEC
Arcus ZEC-USD
Backpack ZEC_USDC_PERP
Lighter ZEC
Coinbase International ZEC-PERP-INTX