Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Derive against Hyperliquid−0.285%72s7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.455%+$46 · spread now −0.285%, 7d avg −0.090%
=Together, before fees+0.356%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.195% cheaper against Hyperliquid than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.090%. The two prices were read 72 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 | Hyperliquid ZEC | 1,518.8 | 0.0100 | pay 0.0013% / 1h | 58m 02s | $794.7M | $448.2M | 10x |
| Short | Derive ZEC-PERP | 1,514.5 | 0.0100 | get 0.0013% / 1h | 58m 02s | $452K | $408K | 6.7x |
Hyperliquid ZEC
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Hyperliquid. 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
- $0
- Price spread: −0.285% → −0.090%
- −$19.53
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$34.53
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.33 bp | 4.8 bp −$5 | 4.8 bp −$48 | doesn't fit | 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 50 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 | 1,496.3 | −1.483% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | −0.232% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,516.3 | −0.167% | $62K | $305K | 10x | as long as short |
| Bybit ZECUSDT | −0.0179% | 8h | 1,517.2 | −0.107% | $273.1M | $629.0M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0164% | 8h | 1,515.6 | −0.209% | $31.5M | $77.1M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0107% | 1h | 1,513.1 | −0.375% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517 | −0.122% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,515.3 | −0.233% | $421K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,518.1 | −0.046% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,517.5 | −0.088% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
Bybit ZECUSDT
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,519.2 | +0.028% | $18.3M | $47.8M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,517.5 | −0.086% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0062% | 8h | 1,518.4 | −0.030% | $60.1M | $182.1M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,518.3 | −0.032% | $306K | $862K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,514.3 | −0.298% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,520.2 | +0.090% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,517.8 | −0.068% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.2 | −0.171% | $62K | $19K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,517.5 | −0.086% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,518.8 | long leg | $794.7M | $448.2M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,517.2 | −0.103% | $14.2M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,516.2 | −0.172% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,518.2 | −0.042% | $717.4M | $2.34B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,517.8 | −0.068% | $183.5M | $1.39B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,513.3 | −0.362% | $413K | $554K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,517.5 | −0.084% | $597K | $8.9M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,518.7 | −0.009% | $319.4M | $811.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,518.5 | −0.022% | $103.9M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,517.5 | −0.084% | $163.9M | $294.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,517.2 | −0.106% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,513.8 | −0.330% | $50.0M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,510.8 | −0.525% | $578K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,514.6 | −0.273% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,509.9 | −0.584% | $416K | $948K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,515.4 | −0.222% | $54K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,517.9 | −0.059% | $377K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,519.1 | +0.016% | $170K | $193K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,514.5 | −0.285% | $452K | $408K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,519.9 | +0.071% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,519.1 | +0.021% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,516.1 | −0.177% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,519.3 | +0.030% | $4.1M | $4.9M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,519.4 | +0.040% | $19.7M | $43.7M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,517.5 | −0.083% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,518.8 | −0.001% | $44K | $151K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0142% | 1h | 1,519.7 | +0.061% | $694K | $1.4M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0152% / S −0.0152% | 1h | 1,517.5 | −0.088% | $337K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,517.7 | −0.076% | $967K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,519.2 | +0.026% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0551% | 1h | 1,519.2 | +0.028% | $2.4M | $3.7M | 15x | as long as short |
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
Gate ZEC_USDT
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP