ZEC

Alert

Funding spread now, next payment 17:00 UTC−0.0294%/8h

next payment, per $10,000−$0.37paid, last 24h0.000%paid, last 7 days+0.020%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ZEC-PERP	1,495.8	0.0100	pay 0.0013% / 1h	56m 35s	$495K	$262K	6.7x
Short	Ondo Perps ZEC-USD.P	1,495.2	−0.0194	pay 0.0024% / 1h	56m 35s	$407K	$770K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee Ondo PerpsbpOrdersRate

Funding earned: −$61.82
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$72.82
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.042%
Avg gap 7d: +0.030%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Ondo Perps no order-book sample	—	—	—	—	—

Derive and Ondo Perps: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3400%	1h	$35K	$13K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0518%	1h	$18.3M	$45.2M	25x	as long as short
ApeX Omni ZECUSDT	−0.0454%	1h	$987K	$346K	50x	as long as short
Bybit ZECUSDT	−0.0308%	8h	$288.7M	$781.7M	75x	as long as short
Gate ZEC_USDT	−0.0218%	8h	$52.4M	$213.8M	75x	as long as short
Ondo Perps ZEC-USD.Pshort	−0.0194%	1h	$407K	$770K	5x
SoDEX ZEC-USD	−0.0121%	1h	$225K	$5.5M	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Phoenix ZEC	−0.0051%	1h	$4.8M	$1.4M	10x	as long as short
Aster ZECUSDT	−0.0045%	8h	$15.3M	$37.9M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	−0.0020%	8h	$268K	$1.7M	20x	as long as short
BloFin ZEC-USDT	−0.0019%	8h	$31.2M	$82.4M	75x	as long as short
Bitget ZECUSDT	−0.0015%	8h	$167.1M	$329.8M	75x	as long as short
Binance ZECUSDT	−0.0005%	8h	$698.8M	$2.90B	75x	as long as short
MEXC ZEC_USDT	−0.0004%	8h	$221.4M	$984.1M	150x	as long as short
BingX ZEC-USDC	−0.0002%	8h	—	$6.9M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	$421K	$117K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$869K	$6.3M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	$613K	$1.4M	25x	as long as short
OKX ZEC-USDT-SWAP	+0.0001%	8h	$186.6M	$1.67B	50x	as long as short
Polymarket Perps ZEC-USD	+0.0003%	1h	$309K	$3.5M	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
Variational Omni ZEC	+0.0016%	8h	$48.9M	$33.8M	—	as long as short
01 Exchange ZECUSD	+0.0040%	1h	$9K	$11K	5x	as long as short
Bullet ZEC-USD	+0.0051%	1h	$51K	$116K	20x	as long as short
Bulk ZEC-USD	+0.0056%	1h	$910K	$64K	10x	as long as short
RISEx ZEC/USDC	+0.0080%	1h	$858K	$2.9M	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$362K	20x	as long as short
Paradex ZEC-USD-PERP	+0.0084%	8h	$61K	$38K	10x	as long as short
Lighter ZEC	+0.0096%	1h	$19.9M	$60.3M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	$1.8M	$8.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$167K	$2.3M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	$15K	$1.2M	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$7.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$802.0M	$679.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.7M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$694K	$6.1M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.8M	$71.3M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.3M	$3.5M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$504K	$10.8M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$67K	$3.3M	30x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	$495K	$262K	6.7x
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.4M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.6M	$31.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.9M	$6.5M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.4M	$4.7M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0132% / S +0.0007%	1h	$550K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0256%	1h	$3.9M	$13.8M	50x	as long as short
Aftermath Perps ZECUSD	+0.0427%	1h	$38K	$22K	10x	as long as short
Perpl ZEC	+0.0447%	43m	$79K	$431K	10x	as long as short