Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.4% APRnext payment −$1.96 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against SunX−0.111%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1301.301% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.111%, 7d avg −0.116%
=The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 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 | SunX ZEC-USDT | 1,472.6 | 0.0100 | pay 0.0100% / 8h | 42m 44s | $3K | $1.2M | 20x |
| Short | Bybit ZECUSDT | 1,471 | −0.0096 | pay 0.0096% / 8h | 42m 44s | $274.8M | $657.2M | 75x |
SunX ZEC-USDT
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. 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
- −$41.07
- Price spread: −0.111% → −0.116%
- $0.43
- Slippage, 4 orders
- −$111.08
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$170.72
- Costs to cover
- 1.301%
- Break-even
- never at this rate
Slippage from SunX: live order book, 11 min ago; Bybit: live order book, 1 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 SunX live order book, 11 min ago | 29.05 bp | 49.9 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.03 bp | 5.7 bp −$6 | 7.5 bp −$75 | 14.1 bp −$1,406 | 33.5 bp −$16.7K |
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 | −0.3089% | 1h | 1,471.5 | −0.077% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,472 | −0.044% | $17.9M | $44.3M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0198% | 1h | 1,468.5 | −0.279% | $398K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,472 | −0.043% | $29.6M | $75.4M | 75x | as long as short |
| ApeX Omni ZECUSDT | −0.0097% | 1h | 1,469.5 | −0.215% | $431K | $831K | 50x | as long as short |
| Bybit ZECUSDTshort | −0.0096% | 8h | 1,471 | −0.111% | $274.8M | $657.2M | 75x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.3 | −0.156% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0043% | 8h | 1,468.6 | −0.272% | $46.8M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.2 | −0.165% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.4 | −0.084% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,471.2 | −0.096% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.9 | +0.017% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,472.3 | −0.020% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.7 | −0.132% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,471.4 | −0.085% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,471.7 | −0.062% | $180.6M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,472.2 | −0.027% | $51.4M | $185.6M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,472.7 | +0.009% | $372K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0079% | 1h | 1,473 | +0.026% | $614K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.8 | +0.079% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.1 | −0.105% | $177K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,470.8 | −0.121% | $13K | $838K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.1 | −0.173% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.4 | +0.053% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.9 | +0.020% | $763.6M | $475.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.011% | $15.1M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.2 | −0.161% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.7 | −0.061% | $682.4M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472 | −0.039% | $723K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.041% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472 | −0.043% | $229.2M | $834.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.7 | +0.006% | $103.9M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472 | −0.042% | $163.0M | $302.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.2 | −0.094% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.5 | −0.213% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.7 | −0.195% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.093% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472 | −0.041% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.026% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.8 | −0.124% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDTlong | +0.0100% | 8h | 1,472.6 | long leg | $3K | $1.2M | 20x | |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.7 | −0.061% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.066% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.014% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.4 | −0.011% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.3 | −0.019% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.6 | −0.067% | $825K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.6 | −0.002% | $3.8M | $10.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0437% | 1h | 1,473.5 | +0.057% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0520% | 1h | 1,474 | +0.096% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0671% | 1h | 1,472.8 | +0.013% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD