Funding you earn now, next payment 11:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%
Price spread now: Derive against gTrade (Gains Network)+0.142%115s7-day average −0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.142%, 7d avg −0.077%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.218% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.077%. The two prices were read 115 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 | gTrade (Gains Network) ZEC/USD | 1,501.8 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 6m 03s | $5.3M | — | 150x |
| Short | Derive ZEC-PERP | 1,503.9 | 0.0100 | get 0.0013% / 1h | 6m 03s | $393K | $492K | 6.7x |
gTrade (Gains Network) ZEC/USD
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against gTrade (Gains Network). 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
- $19.57
- Price spread: +0.142% → −0.077%
- $21.84
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $25.41
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): virtual book (oracle exchange), 1 min ago; Derive: no order-book sample. 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 gTrade (Gains Network) virtual book (oracle exchange), 1 min ago | 130.03 bp | 135.0 bp −$135 | 425.9 bp −$4,259 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 exchanges
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 | −0.4130% | 1h | 1,487.6 | −0.944% | $36K | $267K | 12x | as long as short |
| Aftermath Perps ZECUSD | −0.0277% | 1h | 1,504.7 | +0.191% | $49K | $74K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0200% | 8h | 1,502.9 | +0.073% | $31.8M | $72.2M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0123% | 1h | 1,505.6 | +0.252% | $408K | $498K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.1 | +0.087% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502.8 | +0.068% | $414K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,503.3 | +0.097% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,503.5 | +0.111% | $63K | $298K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0002% | 1h | 1,504.7 | +0.194% | $412K | $951K | 50x | as long as short |
| gTrade (Gains Network) ZEC/USDlong | L +0.0007% / S −0.0006% | 1h | 1,501.8 | long leg | $5.3M | — | 150x |
Injective ZEC/USDC PERP
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
ApeX Omni ZECUSDTShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,503.9 | +0.140% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,503.5 | +0.110% | $894K | $1.3M | 10x | as long as short |
| Phoenix ZEC | +0.0060% | 1h | 1,505.6 | +0.252% | $4.8M | $1.3M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0061% | 8h | 1,502.2 | +0.027% | $303K | $715K | 20x | as long as short |
| Aster ZECUSDT | +0.0085% | 8h | 1,502.1 | +0.017% | $14.4M | $26.0M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,503.3 | +0.101% | $19.9M | $39.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,503.3 | +0.097% | $2.1M | $7.2M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.1 | +0.086% | $170K | $1.3M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,503.4 | +0.107% | $27K | $859K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,502.9 | +0.071% | $18.6M | $45.4M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,503.3 | +0.102% | $62K | $14K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.1 | +0.084% | $3.1M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,502.6 | +0.052% | $792.7M | $420.7M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,503.3 | +0.096% | $1.6M | $2.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,502.2 | +0.025% | $703.6M | $2.13B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,501.6 | −0.013% | $274.8M | $578.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,502 | +0.014% | $186.7M | $1.26B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,504 | +0.148% | $598K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,506.6 | +0.316% | $780K | $182K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,501.9 | +0.007% | $64.1M | $175.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502.1 | +0.019% | $179.8M | $844.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,502.2 | +0.024% | $105.7M | $51.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,502.6 | +0.051% | $164.1M | $270.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,502.3 | +0.031% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,502.3 | +0.029% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,505.7 | +0.256% | $49.6M | $33.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.8 | +0.196% | $550K | $8.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.8 | +0.331% | $3.1M | $635K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.5 | +0.113% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,502.4 | +0.039% | $368K | $1.4M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,502.5 | +0.047% | $168K | $189K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,503.9 | +0.142% | $393K | $492K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,504.7 | +0.188% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,502.3 | +0.032% | $257K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,501.2 | −0.039% | $2.7M | $20.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,502.7 | +0.061% | $4.0M | $4.7M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,502.2 | +0.023% | $2.7M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.1 | +0.016% | $37K | $163K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0132% | 1h | 1,502.9 | +0.074% | $693K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0218% | 1h | 1,502.5 | +0.046% | $349K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,504.4 | +0.174% | $3.9M | $9.2M | 50x | as long as short |
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
Orderly PERP_ZEC_USDC
Aster ZECUSDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Kraken Futures PF_ZECUSD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX