Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Derive+0.115%7-day average +0.090% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)−0.284%−$28 · spread now +0.115%, 7d avg +0.090%
=Together, before fees−0.185%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 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: Hyperliquid is 0.024% dearer against Derive than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,514.5 | 0.0100 | pay 0.0013% / 1h | 58m 35s | $452K | $408K | 6.7x |
| Short | Hyperliquid ZEC | 1,516.2 | 0.0100 | get 0.0013% / 1h | 58m 35s | $793.2M | $447.9M | 10x |
Derive ZEC-PERP
Hyperliquid ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- Price spread: +0.115% → +0.090%
- $2.45
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$12.55
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.33 bp | 4.8 bp −$5 | 5.9 bp −$59 | 12.3 bp −$1,232 | 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 50 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 | 1,496.3 | −1.201% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | +0.053% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,513.8 | −0.041% | $62K | $305K | 10x | as long as short |
| Bybit ZECUSDT | −0.0179% | 8h | 1,517.1 | +0.176% | $273.1M | $628.8M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0164% | 8h | 1,515.6 | +0.076% | $31.5M | $77.1M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0108% | 1h | 1,512.4 | −0.133% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517 | +0.164% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,515.3 | +0.053% | $421K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,515.9 | +0.093% | $1.6M | $5.0M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,515.7 | +0.081% | $692K | $1.4M | 25x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
Bybit ZECUSDT
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUALShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,515.2 | +0.050% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,515.9 | +0.094% | $18.3M | $47.8M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,517.5 | +0.200% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0062% | 8h | 1,517 | +0.167% | $60.0M | $181.9M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,515.5 | +0.068% | $305K | $863K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,514.3 | −0.013% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,517.4 | +0.195% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,517.8 | +0.218% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.2 | +0.115% | $62K | $19K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,517.5 | +0.200% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZECshort | +0.0100% | 1h | 1,516.2 | +0.115% | $793.2M | $447.9M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,517.2 | +0.178% | $14.2M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,516.2 | +0.114% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,517.8 | +0.221% | $717.3M | $2.33B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,517.5 | +0.202% | $183.5M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,513.3 | −0.077% | $413K | $554K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,517.5 | +0.202% | $597K | $8.9M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,516.4 | +0.130% | $299.5M | $808.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,515.8 | +0.088% | $103.7M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,517 | +0.167% | $163.8M | $294.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,516.5 | +0.136% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,513.8 | −0.045% | $50.0M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,510.8 | −0.240% | $578K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,514.6 | +0.012% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,509.9 | −0.299% | $416K | $948K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,515.4 | +0.064% | $54K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,515.3 | +0.055% | $376K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,515.3 | +0.054% | $169K | $193K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,514.5 | long leg | $452K | $408K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,517.9 | +0.227% | $4K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,515.6 | +0.077% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,514.7 | +0.014% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,515.9 | +0.093% | $4.1M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,516 | +0.102% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,515.7 | +0.083% | $43K | $151K | 20x | as long as short |
| Lighter ZEC | +0.0112% | 1h | 1,517.1 | +0.174% | $19.7M | $43.7M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0151% / S −0.0152% | 1h | 1,515.1 | +0.044% | $336K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,517.7 | +0.210% | $967K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,515.1 | +0.039% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0509% | 1h | 1,516 | +0.098% | $2.4M | $3.8M | 15x | as long as short |
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
Gate ZEC_USDT
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
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
Lighter ZEC
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP