ZEC

Alert

Funding spread now, next payment 16:00 UTC−0.0063%/8h

paid, last 24h+0.005%paid, last 3 days−0.082%to open and closeno order book

Long on Derive Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ZEC-PERP	1,496.6	0.0100	pay 0.0013% / 1h	9m 18s	$496K	$262K	6.7x
Short	Variational Omni ZEC	1,494.1	0.0037	get 0.0037% / 8h	9m 18s	$48.6M	$34.4M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee Variational OmnibpOrdersRate

Funding earned: −$13.24
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.24
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.166%
Avg gap 7d: +0.005%

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 Variational Omni RFQ quote, 1 min ago	2.78 bp	doesn't fit	9.4 bp −$94	20.2 bp −$2,023	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.5000%	1h	$34K	$72K	12x	as long as short
ApeX Omni ZECUSDT	−0.0460%	1h	$985K	$349K	50x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
01 Exchange ZECUSD	−0.0072%	1h	$9K	$11K	5x	as long as short
Aster ZECUSDT	−0.0046%	8h	$15.4M	$37.8M	75x	as long as short
Bybit ZECUSDT	−0.0022%	8h	$289.0M	$780.2M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0018%	8h	$269K	$1.8M	20x	as long as short
Bitget ZECUSDT	−0.0017%	8h	$166.8M	$329.3M	75x	as long as short
BloFin ZEC-USDT	−0.0014%	8h	$31.6M	$82.2M	75x	as long as short
MEXC ZEC_USDT	−0.0005%	8h	$215.5M	$1.01B	150x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX ZEC-USDC	−0.0004%	8h	—	$6.9M	—	as long as short
Binance ZECUSDT	−0.0004%	8h	$698.5M	$2.90B	75x	as long as short
Bullet ZEC-USD	−0.0002%	1h	$51K	$116K	20x	as long as short
OKX ZEC-USDT-SWAP	−0.0001%	8h	$186.8M	$1.67B	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	$421K	$116K	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	$571K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0003%	1h	$4.7M	$1.4M	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
Gate ZEC_USDT	+0.0026%	8h	$52.4M	$222.2M	75x	as long as short
SoDEX ZEC-USD	+0.0029%	1h	$226K	$5.6M	10x	as long as short
Variational Omni ZECshort	+0.0037%	8h	$48.6M	$34.4M	—
Paradex ZEC-USD-PERP	+0.0079%	8h	$62K	$38K	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$362K	20x	as long as short
Bulk ZEC-USD	+0.0080%	1h	$905K	$67K	10x	as long as short
RISEx ZEC/USDC	+0.0093%	1h	$859K	$2.9M	10x	as long as short
Katana Perps ZEC-USD	+0.0094%	8h	$18K	$1.2M	10x	as long as short
Lighter ZEC	+0.0096%	1h	$20.0M	$61.0M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	$1.6M	$8.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$160K	$2.3M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$8.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$803.4M	$675.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.7M	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	$312K	$685K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$686K	$6.0M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.6M	$71.4M	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	$503K	$10.7M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$68K	$3.1M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$305K	$3.5M	10x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	$496K	$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	$31.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.9M	$6.4M	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 +0.0136% / S +0.0004%	1h	$555K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0172%	1h	$18.4M	$45.5M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0208%	1h	$3.9M	$13.8M	50x	as long as short
Aftermath Perps ZECUSD	+0.0432%	1h	$38K	$22K	10x	as long as short
Perpl ZEC	+0.0447%	43m	$77K	$439K	10x	as long as short