Funding you earn now, next payment 11:00 UTC+0.0255%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.030%
Price spread now: Deribit against Ondo Perps−0.177%7-day average +0.126% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.668%+$67 · spread now −0.177%, 7d avg +0.126%
=Together, before fees+0.578%+ Points / potential airdropOndo Perps: Active · farm board+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.303% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of +0.126%). If the spread goes back, that is −$30 on $10k: about 4.0 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ZEC-USD.P | 1,505.6 | −0.0123 | get 0.0015% / 1h | 6m 20s | $408K | $498K | 5x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,502.9 | 0.0132 | get 0.0017% / 1h | 6m 20s | $693K | $1.3M | 25x |
Ondo Perps ZEC-USD.P
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Ondo Perps. 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
- $53.65
- Price spread: −0.177% → +0.126%
- −$30.33
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $11.31
- Costs to cover
- 0.120%
- Break-even
- 5.5 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 1 min ago | 4.46 bp | 8.0 bp −$8 | 14.3 bp −$143 | doesn't fit | doesn't fit |
Ondo Perps: 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 | −1.193% | $36K | $267K | 12x | as long as short |
| Aftermath Perps ZECUSD | −0.0277% | 1h | 1,504.7 | −0.061% | $49K | $74K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0200% | 8h | 1,502.9 | −0.178% | $31.8M | $72.2M | 75x | as long as short |
| Ondo Perps ZEC-USD.Plong | −0.0123% | 1h | 1,505.6 | long leg | $408K | $498K | 5x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.1 | −0.165% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502.8 | −0.183% | $414K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,504.4 | −0.078% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,503.5 | −0.141% | $63K | $298K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0002% | 1h | 1,504.7 | −0.058% | $412K | $951K | 50x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,505.2 | −0.027% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
ApeX Omni ZECUSDT
gTrade (Gains Network) ZEC/USDShow 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 | −0.111% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,503.5 | −0.141% | $894K | $1.3M | 10x | as long as short |
| Phoenix ZEC | +0.0060% | 1h | 1,505.6 | 0.000% | $4.8M | $1.3M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0061% | 8h | 1,502.2 | −0.224% | $303K | $715K | 20x | as long as short |
| Aster ZECUSDT | +0.0085% | 8h | 1,502.5 | −0.204% | $14.4M | $26.0M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,504 | −0.109% | $19.9M | $39.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,504.2 | −0.091% | $2.1M | $7.2M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.1 | −0.165% | $170K | $1.3M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,503.4 | −0.144% | $27K | $859K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,503.2 | −0.162% | $18.6M | $45.4M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,503.3 | −0.150% | $62K | $14K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.1 | −0.167% | $3.1M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,503.5 | −0.140% | $793.2M | $420.7M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,503.3 | −0.155% | $1.6M | $2.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,502.7 | −0.191% | $703.9M | $2.13B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,502 | −0.239% | $274.8M | $578.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,502.2 | −0.224% | $186.8M | $1.26B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,504 | −0.103% | $598K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,506.6 | +0.064% | $780K | $182K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,502.5 | −0.208% | $64.1M | $175.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502.6 | −0.197% | $179.9M | $844.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,502.7 | −0.192% | $105.8M | $51.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,502.2 | −0.224% | $164.1M | $270.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,502.7 | −0.195% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,502.9 | −0.177% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,505.7 | +0.005% | $49.6M | $33.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.8 | −0.055% | $550K | $8.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.8 | +0.079% | $3.1M | $635K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.5 | −0.138% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,502.4 | −0.213% | $368K | $1.4M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,502.5 | −0.204% | $168K | $189K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,503.9 | −0.110% | $393K | $492K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,504.7 | −0.063% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,502.8 | −0.187% | $257K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,501.7 | −0.260% | $2.7M | $20.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.6 | −0.131% | $4.0M | $4.7M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,503.3 | −0.153% | $2.7M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.1 | −0.235% | $37K | $163K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0132% | 1h | 1,502.9 | −0.177% | $693K | $1.3M | 25x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0218% | 1h | 1,502.5 | −0.205% | $349K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,505 | −0.040% | $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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX