Funding you earn now, next payment 23:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.002%
Price spread now: Deribit against Variational Omni+0.313%7-day average +0.123% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.026%+$3 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.313%, 7d avg +0.123%
=Together, before fees−0.016%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.190% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZEC | 1,462.2 | −0.0030 | get 0.0030% / 8h | 1h 18m | $46.6M | $33.4M | — |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,466.8 | 0.0128 | get 0.0016% / 1h | 18m 57s | $597K | $1.3M | 25x |
Variational Omni ZEC
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- $33.19
- Price spread: +0.313% → +0.123%
- $18.99
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $45.18
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Deribit: live order book, 5 min ago. 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 Variational Omni RFQ quote, 5 min ago | 2.77 bp | doesn't fit | 4.4 bp −$44 | 11.2 bp −$1,123 | doesn't fit |
| Sell Deribit live order book, 5 min ago | 4.68 bp | 8.2 bp −$8 | 13.0 bp −$130 | doesn't fit | doesn't fit |
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 | −0.3310% | 1h | 1,465.3 | +0.212% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,465.9 | +0.250% | $17.8M | $44.5M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0241% | 1h | 1,464.3 | +0.141% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0099% | 8h | 1,465.8 | +0.244% | $29.2M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.3 | +0.206% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0065% | 8h | 1,465.6 | +0.229% | $271.1M | $666.7M | 75x | as long as short |
| Variational Omni ZEClong | −0.0030% | 8h | 1,462.2 | long leg | $46.6M | $33.4M | — | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,464.2 | +0.133% | $412K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466.6 | +0.299% | $886K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.8 | +0.174% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
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 | 1,466.2 | +0.269% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,465.8 | +0.244% | $292K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,465.7 | +0.239% | $355K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0043% | 8h | 1,466 | +0.258% | $49.8M | $186.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0047% | 8h | 1,466 | +0.257% | $176.9M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,465.9 | +0.249% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,465 | +0.189% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0084% | 1h | 1,463.5 | +0.087% | $429K | $823K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465.2 | +0.202% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.7 | +0.234% | $14K | $827K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465 | +0.192% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.8 | +0.242% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.2 | +0.339% | $761.3M | $478.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466 | +0.257% | $15.6M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.8 | +0.242% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.4 | +0.286% | $675.6M | $2.48B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | +0.116% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466 | +0.257% | $223.7M | $866.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466 | +0.256% | $103.7M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.2 | +0.271% | $162.6M | $304.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,464.9 | +0.182% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463 | +0.051% | $511K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.2 | +0.132% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,463.9 | +0.113% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,465.2 | +0.202% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,465.3 | +0.211% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.5 | +0.157% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.5 | +0.356% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465.7 | +0.238% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465 | +0.189% | $2.5M | $23.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.2 | +0.267% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.6 | +0.300% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.9 | +0.251% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,467.6 | +0.367% | $19.0M | $52.7M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0128% | 1h | 1,466.8 | +0.313% | $597K | $1.3M | 25x | |
| Backpack ZEC_USDC_PERP | +0.0175% | 1h | 1,466.7 | +0.304% | $2.4M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,465.8 | +0.246% | $842K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,468.1 | +0.400% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,468.2 | +0.410% | $3.7M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,466.3 | +0.277% | $728K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0580% | 1h | 1,465.8 | +0.243% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD