Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: GMX against Nado−0.015%7-day average −0.005% · 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)−0.125%−$12 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.015%, 7d avg −0.005%
=Together, before fees−0.009%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZEC-PERP | 1,498.8 | 0.0100 | pay 0.0012% / 1h | 6m 16s | $2.8M | $6.6M | 10x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,498.6 | L +0.0108% / S −0.0083% | get 0.0010% / 1h | 6m 16s | $405K | — | 100x |
Nado ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Nado. 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
- −$3.58
- Price spread: −0.015% → −0.005%
- −$1
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$23.59
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 3 min ago; GMX: 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 Nado live order book, 3 min ago | 0.03 bp | 4.7 bp −$5 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | −0.3243% | 1h | 1,491.6 | −0.483% | $34K | $273K | 12x | as long as short |
| Bulk ZEC-USD | −0.0279% | 1h | 1,512.6 | +0.918% | $914K | $15K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0124% | 8h | 1,499.5 | +0.045% | $30.6M | $74.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,498.3 | −0.040% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,498.3 | −0.038% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,500.9 | +0.136% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,497.8 | −0.068% | $86K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,498.9 | +0.002% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0069% | 8h | 1,499.1 | +0.016% | $301K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,499.2 | +0.021% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,496.7 | −0.144% | $4.7M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,498.8 | −0.006% | $152K | $1.7M | 50x | as long as short |
| Nado ZEC-PERPlong | +0.0100% | 1h | 1,498.8 | long leg | $2.8M | $6.6M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,500.2 | +0.090% | $782.5M | $437.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,498.8 | −0.003% | $14.3M | $29.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,498.8 | −0.001% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,499.2 | +0.027% | $696.3M | $2.27B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,499.2 | +0.022% | $274.6M | $620.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,499.2 | +0.021% | $181.2M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,495.9 | −0.197% | $407K | $481K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,499 | +0.008% | $54.0M | $182.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,498.9 | +0.002% | $225.9M | $783.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,498.9 | +0.003% | $103.0M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,499.3 | +0.032% | $161.7M | $284.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,498.9 | +0.006% | — | $114.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,504.3 | +0.361% | $49.1M | $33.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,505.7 | +0.457% | $575K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.4 | +0.434% | $3.1M | $475K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.8 | +0.397% | $417K | $929K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,497 | −0.122% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,498.5 | −0.023% | $363K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,498.9 | +0.001% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,498.1 | −0.047% | $457K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,500.7 | +0.125% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,499.2 | +0.025% | $248K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,498.8 | −0.005% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,499.6 | +0.052% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,498.6 | −0.014% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,498.5 | −0.024% | $13K | $856K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,499 | +0.009% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,498.6 | −0.017% | $46K | $149K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0108% / S −0.0083% | 1h | 1,498.6 | −0.015% | $405K | — | 100x | |
| Kraken Futures PF_ZECUSD | +0.0143% | 1h | 1,499.2 | +0.026% | $18.2M | $46.1M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,498.7 | −0.013% | $935K | $1.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0189% | 1h | 1,499.9 | +0.068% | $710K | $1.4M | 25x | as long as short |
| Lighter RH ZEC | +0.0208% | 1h | 1,500.2 | +0.088% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,500 | +0.080% | $19.6M | $45.9M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0376% | 1h | 1,500.2 | +0.092% | $2.3M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0432% | 1h | 1,500.6 | +0.117% | $50K | $61K | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,502.1 | +0.214% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,499.6 | +0.052% | $619K | $8.5M | 10x | as long as short |
Phoenix ZEC
Popdex ZECUSDT
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Lighter ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD