Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.024%
Price spread now: Orderly against SunX−0.294%57s7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.390%−$39 on $10k
+Price spread, last 3 days (all we have)+0.514%+$51 · spread now −0.294%, 7d avg −0.090%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.204% cheaper against SunX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.090%). Swap the legs. The two prices were read 57 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 | SunX ZEC-USDT | 1,476.7 | 0.0100 | pay 0.0100% / 8h | 6h 45m | $3K | $1.2M | 20x |
| Short | Orderly PERP_ZEC_USDC | 1,472.3 | 0.0026 | get 0.0026% / 8h | 6h 45m | $294K | $1.1M | 20x |
SunX ZEC-USDT
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$15.56
- Price spread: −0.294% → −0.090%
- −$20.41
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.97
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 8 min ago; Orderly: 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 SunX live order book, 8 min ago | 29.06 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.3678% | 1h | 1,477.5 | +0.058% | $34K | $274K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0086% | 1h | 1,473 | −0.249% | $400K | $517K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.7 | −0.270% | $6K | $1K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474.7 | −0.131% | $18.0M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.1 | −0.242% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.5 | −0.079% | $960K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.8 | −0.261% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.6 | −0.274% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | −0.100% | $29.6M | $73.3M | 75x | as long as short |
| Variational Omni ZEC | +0.0016% | 8h | 1,474 | −0.181% | $48.1M | $33.4M | — | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
BloFin ZEC-USDT
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDCshort | +0.0026% | 8h | 1,472.3 | −0.294% | $294K | $1.1M | 20x | |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,473.1 | −0.242% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474.4 | −0.152% | $383K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.7 | −0.201% | $4.7M | $1.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0075% | 8h | 1,472.6 | −0.278% | $50.1M | $174.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0079% | 8h | 1,472.6 | −0.278% | $181.3M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.8 | −0.264% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472.6 | −0.276% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.3 | −0.299% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.9 | −0.253% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.6 | −0.209% | $766.8M | $449.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.285% | $14.9M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.8 | −0.261% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.285% | $682.4M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.2 | −0.301% | $271.6M | $626.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.6 | −0.274% | $218.5M | $792.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.1 | −0.246% | $103.7M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.8 | −0.263% | $163.3M | $286.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,473.2 | −0.238% | — | $100.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | −0.161% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476 | −0.049% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.5 | −0.148% | $429K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.140% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.290% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.5 | −0.283% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473 | −0.248% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDTlong | +0.0100% | 8h | 1,476.7 | long leg | $3K | $1.2M | 20x | |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.152% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474 | −0.181% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475 | −0.111% | $3.8M | $5.2M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.138% | $897K | $17K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.5 | −0.284% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.2 | −0.169% | $51K | $164K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0156% | 1h | 1,475.1 | −0.104% | $607K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0208% | 1h | 1,474.1 | −0.173% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,473.9 | −0.187% | $685K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,473.9 | −0.191% | $19.2M | $48.0M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,473.3 | −0.230% | $855K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,476.3 | −0.029% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0568% | 1h | 1,474.3 | −0.165% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0737% | 1h | 1,474.5 | −0.149% | $44K | $46K | 10x | as long as short |
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
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
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Arcus ZEC-USD
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD