ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h −0.016%

Price spread now: Derive against RISEx−0.258%522s7-day average −0.101% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.206%−$21 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.258%, 7d avg −0.101%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Derive is 0.157% cheaper against RISEx than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.101%). Swap the legs. The two prices were read 522 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,477.2	0.0129	pay 0.0016% / 1h	27m 15s	$924K	$1.1M	10x
Short	Derive ZEC-PERP	1,473.4	0.0100	get 0.0013% / 1h	27m 15s	$450K	$500K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee DerivebpOrdersPrice spread, now −0.258%Rate

Funding earned: −$6.18
Price spread: −0.258% → −0.101%: −$15.68
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Derive: 3 bp × 2 orders: −$6
Net: −$33.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 1 min ago; 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 RISEx live order book, 1 min ago	1.29 bp	4.3 bp −$4	8.8 bp −$88	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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	−0.3684%	1h	1,462	−1.027%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	−0.007%	$892K	$9K	10x	as long as short
BloFin ZEC-USDT	−0.0123%	8h	1,477	−0.011%	$30.5M	$73.8M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,477	−0.017%	$17.9M	$46.8M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.8	−0.029%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476.5	−0.051%	$410K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.2	+0.069%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476	−0.082%	$63K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,475.6	−0.110%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,476.6	−0.043%	$297K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps ZECUSD	+0.0088%	1h	1,477.1	−0.006%	$47K	$64K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.2	0.000%	$165K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,476.7	−0.037%	$10K	$871K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.3	+0.008%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.5	−0.046%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.8	−0.024%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.2	0.000%	$688.1M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,476.5	−0.048%	$263.7M	$632.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.6	−0.042%	$178.9M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.2	−0.136%	$403K	$508K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.2	−0.004%	$54.3M	$183.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.2	−0.003%	$240.7M	$784.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,477.2	−0.002%	$101.0M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.1	−0.010%	$158.9M	$288.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477.2	+0.001%	—	$115.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,476.9	−0.024%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,477.6	+0.028%	$48.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,477.5	+0.022%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,478.3	+0.078%	$3.0M	$498K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.6	−0.040%	$406K	$936K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,475.9	−0.089%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476.6	−0.041%	$355K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.1	−0.007%	$162K	$184K	20x	as long as short
Derive ZEC-PERPshort	+0.0100%	1h	1,473.4	−0.258%	$450K	$500K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,478.8	+0.107%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.7	−0.033%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.3	−0.129%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.6	−0.043%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476.7	−0.033%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.8	−0.024%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.7	−0.037%	$42K	$152K	20x	as long as short
RISEx ZEC/USDClong	+0.0129%	1h	1,477.2	long leg	$924K	$1.1M	10x
Phoenix ZEC	+0.0134%	1h	1,478.9	+0.113%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,477.3	+0.006%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0144% / S −0.0152%	1h	1,476.2	−0.071%	$478K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0214%	1h	1,477.6	+0.027%	$675K	$1.4M	25x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,478.7	+0.099%	$637K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,478.1	+0.062%	$2.1M	$7.4M	10x	as long as short
Hyperliquid ZEC	+0.0252%	1h	1,478.5	+0.088%	$767.2M	$442.4M	10x	as long as short
Lighter ZEC	+0.0304%	1h	1,478.2	+0.068%	$19.4M	$45.8M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,477.9	+0.050%	$3.6M	$9.9M	50x	as long as short