Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.025%
Price spread now: Variational Omni against edgeX−0.185%74s7-day average +0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.025%−$2 on $10k
+Price spread, last 7 days+0.176%+$18 · spread now −0.185%, 7d avg +0.024%
=Together, before fees+0.151%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.209% cheaper against edgeX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 74 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 | edgeX ZECUSDC | 1,476.7 | 0.0100 | pay 0.0050% / 4h | 2h 46m | $575K | $9.0M | 20x |
| Short | Variational Omni ZEC | 1,474 | 0.0016 | get 0.0016% / 8h | 6h 46m | $48.1M | $33.4M | — |
edgeX ZECUSDC
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$17.62
- Price spread: −0.185% → +0.024%
- −$20.93
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$47.56
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 edgeX live order book, 3 min ago | 0.75 bp | 5.4 bp −$5 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.75 bp | doesn't fit | 6.2 bp −$62 | 13.2 bp −$1,319 | doesn't fit |
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 | −0.3678% | 1h | 1,477.5 | +0.054% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.6 | −0.146% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0078% | 1h | 1,477.6 | +0.058% | $400K | $519K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474.7 | −0.135% | $18.0M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475.2 | −0.101% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.5 | −0.083% | $960K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,474.4 | −0.156% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.6 | −0.147% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | −0.104% | $29.6M | $73.3M | 75x | as long as short |
| Variational Omni ZECshort | +0.0016% | 8h | 1,474 | −0.185% | $48.1M | $33.4M | — |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
BloFin ZEC-USDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,474.2 | −0.169% | $294K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,474.5 | −0.152% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474.4 | −0.155% | $383K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,479.5 | +0.186% | $4.7M | $1.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0079% | 8h | 1,473.3 | −0.236% | $50.2M | $174.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0079% | 8h | 1,473.2 | −0.243% | $181.4M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,474.9 | −0.125% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,474.8 | −0.134% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,474.8 | −0.130% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476 | −0.047% | $2.7M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474 | −0.185% | $767.0M | $449.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.2 | −0.175% | $14.9M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.3 | −0.100% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.3 | −0.163% | $683.2M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.8 | −0.267% | $271.8M | $626.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.3 | −0.235% | $218.6M | $792.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.4 | −0.156% | $103.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.2 | −0.242% | $163.4M | $286.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,472.3 | −0.298% | — | $6.7M | — | as long as short |
| edgeX ZECUSDClong | +0.0100% | 4h | 1,476.7 | long leg | $575K | $9.0M | 20x | |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476 | −0.053% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,475.5 | −0.081% | $429K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.2 | −0.170% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.3 | −0.165% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.156% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473 | −0.252% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.7 | −0.004% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.156% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474 | −0.185% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475 | −0.115% | $3.8M | $5.2M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.142% | $897K | $17K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.3 | −0.165% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.2 | −0.173% | $51K | $164K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0156% | 1h | 1,475.1 | −0.108% | $607K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0208% | 1h | 1,476.3 | −0.028% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,476 | −0.049% | $682K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,476.1 | −0.044% | $19.3M | $48.0M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,475.1 | −0.110% | $856K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,476.3 | −0.033% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0568% | 1h | 1,474.3 | −0.168% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0736% | 1h | 1,475.6 | −0.080% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Arcus ZEC-USD
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD