Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Derive+0.071%7-day average +0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.071%, 7d avg +0.077%
=The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,506.4 | 0.0100 | pay 0.0013% / 1h | 13m 52s | $460K | $438K | 6.7x |
| Short | gTrade (Gains Network) ZEC/USD | 1,507.4 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 13m 52s | $5.4M | — | 150x |
Derive ZEC-PERP
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.68
- Price spread: +0.071% → +0.077%
- −$0.62
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$36.31
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), just now. 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 gTrade (Gains Network) virtual book (oracle venue), just now | 130.05 bp | 135.0 bp −$135 | 584.7 bp −$5,847 | doesn't fit | 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 | −0.3442% | 1h | 1,479.6 | −1.777% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,506.1 | −0.014% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,509 | +0.172% | $31.1M | $76.4M | 75x | as long as short |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | −0.707% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0084% | 1h | 1,502 | −0.288% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.2 | −0.077% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,507.3 | +0.066% | $419K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,508.9 | +0.172% | $1.5M | $4.4M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,507.8 | +0.095% | $689K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,507.4 | +0.071% | $5.4M | — | 150x |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Bulk ZEC-USD
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,507.8 | +0.098% | $18.1M | $47.4M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0063% | 1h | 1,507.4 | +0.069% | $411K | $559K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,507.2 | +0.054% | $303K | $864K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,508.5 | +0.144% | $8K | $6K | 5x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,505.9 | −0.033% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,508.8 | +0.159% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,507.7 | +0.087% | $177K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,508.3 | +0.132% | $14K | $891K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,508 | +0.107% | $62K | $20K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,508.1 | +0.118% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,508.9 | +0.169% | $789.8M | $441.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,507.6 | +0.083% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,508.2 | +0.126% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,508.1 | +0.117% | $705.6M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,507.6 | +0.082% | $272.0M | $620.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,507.9 | +0.104% | $184.0M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,507.8 | +0.095% | $58.7M | $187.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,508.1 | +0.118% | $238.7M | $806.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,508.3 | +0.131% | $103.6M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,508.1 | +0.118% | $163.0M | $290.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,507.3 | +0.060% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.9 | −0.294% | $49.1M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.6 | −0.117% | $576K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.1 | −0.219% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | −0.132% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,505 | −0.091% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,507.6 | +0.083% | $363K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,507.2 | +0.059% | $170K | $189K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,506.4 | long leg | $460K | $438K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,509.6 | +0.214% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,507.3 | +0.061% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,507.1 | +0.046% | $2.7M | $20.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,507.7 | +0.087% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,508.5 | +0.141% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,507.4 | +0.072% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,508.4 | +0.138% | $950K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0147% / S −0.0144% | 1h | 1,506 | −0.023% | $335K | — | 100x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,508.6 | +0.151% | $19.9M | $46.4M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,508.6 | +0.146% | $608K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,508.6 | +0.149% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0494% | 1h | 1,508.9 | +0.171% | $2.4M | $3.8M | 15x | as long as short |
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
Lighter RH ZEC
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
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP