Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%
Price spread now: Backpack against OKX+0.013%7-day average +0.429% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days−0.487%−$49 · spread now +0.013%, 7d avg +0.429%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.416% cheaper against OKX than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.429%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZEC-USDT-SWAP | 1,451.7 | 0.0100 | pay 0.0100% / 8h | 4h 41m | $177.1M | $1.22B | 50x |
| Short | Backpack ZEC_USDC_PERP | 1,451.9 | 0.0100 | get 0.0013% / 1h | 41m 07s | $2.4M | $3.9M | 15x |
OKX ZEC-USDT-SWAP
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. 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: +0.013% → +0.429%
- −$41.55
- Slippage, 4 orders
- −$4.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$66.01
- Costs to cover
- 0.245%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Backpack: live order book, 3 min ago.
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 OKX live order book, 3 min ago | 0.03 bp | 5.4 bp −$5 | 8.1 bp −$81 | 15.3 bp −$1,531 | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.03 bp | 6.2 bp −$6 | 23.3 bp −$233 | doesn't fit | 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 | −0.3166% | 1h | 1,450 | −0.116% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450 | −0.115% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,451.3 | −0.025% | $29.2M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.9 | −0.121% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.1 | −0.105% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.2 | −0.101% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,450 | −0.116% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0060% | 8h | 1,450.2 | −0.101% | $290K | $957K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0065% / S −0.0016% | 1h | 1,449.9 | −0.122% | $407K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,450.2 | −0.103% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,450 | −0.113% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,449.8 | −0.132% | $11K | $872K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,450.3 | −0.098% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,449.7 | −0.135% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,452.9 | +0.085% | $755.7M | $435.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,450.3 | −0.093% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,450.2 | −0.100% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,451.2 | −0.034% | $666.1M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.1 | −0.038% | $261.0M | $602.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAPlong | +0.0100% | 8h | 1,451.7 | long leg | $177.1M | $1.22B | 50x | |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.205% | $394K | $444K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450.7 | −0.067% | $875K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,451.8 | +0.006% | $49.9M | $173.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,451.2 | −0.030% | $215.3M | $769.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,450.5 | −0.080% | $102.1M | $54.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452 | +0.023% | $164.8M | $274.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,451.4 | −0.020% | — | $101.1M | — | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0100% | 1h | 1,451.9 | +0.013% | $2.4M | $3.9M | 15x | |
| Variational Omni ZEC | +0.0100% | 8h | 1,447.3 | −0.298% | $47.4M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.6 | −0.074% | $565K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,450.6 | −0.076% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,449.9 | −0.123% | $403K | $921K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.9 | −0.053% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.7 | −0.136% | $365K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450.1 | −0.109% | $159K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,449.1 | −0.176% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452.4 | +0.052% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450.4 | −0.087% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,450 | −0.118% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451 | −0.045% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,450.2 | −0.101% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.7 | −0.138% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,450.5 | −0.083% | $4.6M | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0278% | 1h | 1,450.9 | −0.056% | $609K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0278% | 1h | 1,450.5 | −0.080% | $18.0M | $44.9M | 25x | as long as short |
| Lighter ZEC | +0.0328% | 1h | 1,452.6 | +0.063% | $19.1M | $45.9M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,450.2 | −0.103% | $919K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,452.2 | +0.034% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0480% | 1h | 1,452.4 | +0.051% | $2.0M | $6.9M | 10x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,449.6 | −0.140% | $737K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0672% | 1h | 1,450.3 | −0.095% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
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
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD