Funding you earn now, next payment 01:38 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.025%
Price spread now: Derive against Perpl−0.088%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.088%, 7d avg −0.006%
=Together, before fees+0.353%+ Points / potential airdropPerpl: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Derive is 0.082% cheaper against Perpl than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.006%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,468.5 | 0 | get 0.0000% / 43m | 5m 35s | $84K | $249K | 10x |
| Short | Derive ZEC-PERP | 1,467.2 | 0.0100 | get 0.0013% / 1h | 0m 35s | $448K | $512K | 6.7x |
Perpl ZEC
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Perpl. 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
- $21
- Price spread: −0.088% → −0.006%
- −$8.17
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$6.97
- Costs to cover
- 0.198%
- Break-even
- 9.3 days
Slippage unknown: Perpl: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Perpl 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 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 | −0.3678% | 1h | 1,452 | −1.124% | $33K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.4 | +0.058% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0035% | 1h | 1,467.2 | −0.090% | $398K | $458K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,468.8 | +0.020% | $18.1M | $43.5M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.4 | −0.010% | $413K | $49K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.7 | +0.015% | $972K | $4.7M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,468.5 | long leg | $84K | $249K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.7 | +0.011% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0032% | 8h | 1,468.6 | +0.005% | $293K | $984K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,468.7 | +0.011% | $384K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,469.4 | +0.061% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,466.6 | −0.130% | $4.6M | $1.5M | 10x | as long as short |
| Variational Omni ZEC | +0.0079% | 8h | 1,468.1 | −0.028% | $48.0M | $32.4M | — | as long as short |
| OKX ZEC-USDT-SWAP | +0.0094% | 8h | 1,469.2 | +0.049% | $181.1M | $1.24B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.3 | +0.056% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468.8 | +0.019% | $16K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.3 | +0.054% | $61K | $42K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.5 | +0.064% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.2 | +0.114% | $765.7M | $434.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.1 | +0.041% | $14.7M | $29.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.5 | +0.068% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.4 | +0.058% | $679.0M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,469.1 | +0.040% | $271.6M | $605.8M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,466.6 | −0.132% | $890K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,469 | +0.035% | $50.2M | $177.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.2 | +0.047% | $216.3M | $803.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469 | +0.035% | $103.2M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.3 | +0.052% | $163.2M | $275.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,468.1 | −0.032% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.6 | +0.073% | $572K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | −0.012% | $3.0M | $430K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.5 | +0.067% | $427K | $881K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.051% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.5 | −0.001% | $343K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.8 | +0.018% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,467.2 | −0.088% | $448K | $512K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.2 | +0.180% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.7 | +0.014% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.7 | +0.010% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469 | +0.035% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.1 | +0.041% | $2.8M | $7.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.5 | +0.002% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,470.7 | +0.147% | $19.2M | $48.3M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0246% | 1h | 1,469.4 | +0.063% | $611K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,470.8 | +0.153% | $693K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,471 | +0.172% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,469.8 | +0.089% | $853K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0413% | 1h | 1,469.2 | +0.044% | $2.4M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,469.3 | +0.055% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0733% | 1h | 1,469.7 | +0.081% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Phoenix ZEC
Variational Omni ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk 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
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD