Funding you earn now, next payment 09:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.030%
Price spread now: Variational Omni against GMX+0.105%7-day average −0.085% · 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)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.412%−$41 · spread now +0.105%, 7d avg −0.085%
=Together, before fees−0.363%+ Points / potential airdropVariational Omni: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.190% dearer against GMX than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.085%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,505.4 | L +0.0159% / S −0.0163% | pay 0.0020% / 1h | 33m 01s | $334K | — | 100x |
| Short | Variational Omni ZEC | 1,506.9 | 0.0100 | get 0.0100% / 8h | 7h 33m | $49.9M | $35.9M | — |
GMX ZEC/USD [WBTC.b-USDC]
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. 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
- −$12.34
- Price spread: +0.105% → −0.085%
- $18.99
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$5.35
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 1 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 GMX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 2.76 bp | doesn't fit | 6.5 bp −$65 | 15.9 bp −$1,591 | doesn't fit |
GMX: 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 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 | 1,491.4 | −0.926% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,504.4 | −0.067% | $62K | $305K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0201% | 1h | 1,507.8 | +0.159% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,505.7 | +0.025% | $31.8M | $76.5M | 75x | as long as short |
| Bulk ZEC-USD | −0.0098% | 1h | 1,506.5 | +0.078% | $775K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.4 | +0.003% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,506.1 | +0.050% | $418K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,506.3 | +0.061% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,505.5 | +0.009% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,505.8 | +0.026% | $18.3M | $48.0M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,505.2 | −0.011% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,505.2 | −0.011% | $60.6M | $185.4M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,507 | +0.110% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0085% | 8h | 1,505.3 | −0.003% | $304K | $861K | 20x | as long as short |
| ApeX Omni ZECUSDT | +0.0095% | 1h | 1,507.1 | +0.115% | $414K | $952K | 50x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,506.6 | +0.082% | $19.5M | $44.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,506.8 | +0.096% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.1 | −0.018% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.2 | −0.010% | $62K | $17K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,505.2 | −0.013% | $17K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,505.7 | +0.024% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,506.1 | +0.049% | $788.6M | $446.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,505.4 | 0.000% | $14.1M | $30.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,505.6 | +0.016% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,505.8 | +0.026% | $711.1M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,505.5 | +0.011% | $270.0M | $625.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,505.3 | −0.006% | $185.3M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,505.4 | +0.003% | $411K | $554K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,506.4 | +0.071% | $608K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.9 | +0.035% | $407.6M | $834.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,505.3 | −0.002% | $102.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505.6 | +0.013% | $162.8M | $295.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,505.4 | +0.005% | — | $120.1M | — | as long as short |
| Variational Omni ZECshort | +0.0100% | 8h | 1,506.9 | +0.105% | $49.9M | $35.9M | — | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,506.7 | +0.091% | $556K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.8 | +0.093% | $3.1M | $533K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,505.9 | +0.036% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,505.3 | −0.004% | $374K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,505.7 | +0.019% | $168K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,506.3 | +0.060% | $450K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,508.2 | +0.185% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,506 | +0.040% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,504.8 | −0.039% | $2.7M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,506.2 | +0.052% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,505.4 | 0.000% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,505.2 | −0.008% | $44K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,505.2 | −0.014% | $966K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0159% / S −0.0163% | 1h | 1,505.4 | long leg | $334K | — | 100x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0221% | 1h | 1,506.4 | +0.068% | $689K | $1.4M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0362% | 1h | 1,506 | +0.045% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,506.7 | +0.090% | $3.8M | $10.0M | 50x | as long as short |
01 Exchange ZECUSD
Gate ZEC_USDT
Phoenix ZEC
Orderly PERP_ZEC_USDC
ApeX Omni ZECUSDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX