Funding you earn now, next payment 01:00 UTC+0.0213%/8h= +23.3% APRnext payment +$0.27 per $10,000 · paid last 24h +0.018%
Price spread now: Derive against Ondo Perps+0.098%7-day average −0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.098%, 7d avg −0.022%
=Together, before fees−0.055%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Derive is 0.120% dearer against Ondo Perps than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.022%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ZEC-USD.P | 1,467.9 | −0.0113 | get 0.0014% / 1h | 28m 25s | $399K | $517K | 5x |
| Short | Derive ZEC-PERP | 1,469.3 | 0.0100 | get 0.0013% / 1h | 28m 25s | $458K | $509K | 6.7x |
Ondo Perps ZEC-USD.P
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $44.69
- Price spread: +0.098% → −0.022%
- $12.01
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $45.7
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Ondo Perps and 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 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 | −0.3321% | 1h | 1,472.4 | +0.305% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470.5 | +0.178% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.Plong | −0.0113% | 1h | 1,467.9 | long leg | $399K | $517K | 5x | |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,470.3 | +0.166% | $29.7M | $73.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | +0.289% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0053% | 8h | 1,469 | +0.078% | $47.6M | $33.8M | — | as long as short |
| Bybit ZECUSDT | −0.0019% | 8h | 1,470.8 | +0.200% | $274.1M | $634.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.1 | +0.285% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.7 | +0.397% | $960K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | +0.294% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.5 | +0.243% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,470.8 | +0.196% | $294K | $1.3M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,471.6 | +0.252% | $8K | $8K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0030% | 1h | 1,471.5 | +0.245% | $605K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0050% | 8h | 1,470.7 | +0.191% | $182.1M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.8 | +0.197% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471.4 | +0.238% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.1 | +0.287% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472 | +0.281% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.1 | +0.283% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.4 | +0.308% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.4 | +0.375% | $764.1M | $455.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.1 | +0.284% | $14.9M | $31.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.3 | +0.297% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.3 | +0.229% | $685.0M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.4 | +0.376% | $698K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,472 | +0.281% | $51.3M | $179.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.2 | +0.291% | $232.1M | $826.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.2 | +0.294% | $104.9M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.6 | +0.184% | $163.7M | $292.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.2 | +0.228% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.6 | +0.118% | $572K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.9 | +0.206% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.9 | +0.135% | $430K | $866K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.2 | +0.159% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.1 | +0.286% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.6 | +0.249% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,469.3 | +0.098% | $458K | $509K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.3 | +0.438% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.5 | +0.176% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.6 | +0.182% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471 | +0.209% | $3.9M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.259% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.8 | +0.196% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471 | +0.214% | $56K | $167K | 20x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,473.5 | +0.378% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,472.9 | +0.340% | $853K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,473.6 | +0.387% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0531% | 1h | 1,471.1 | +0.219% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0772% | 1h | 1,471.9 | +0.270% | $44K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0800% | 1h | 1,474.1 | +0.420% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC