Funding you earn now, next payment 02:00 UTC+0.0417%/8h= +45.6% APRpaid last 24h +0.030%
Price spread now: Backpack against Aster+0.098%45s7-day average +0.441% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.239% of the position
Funding, last 5 days (all we have)−0.016%−$2 on $10k
+Price spread, last 7 days−0.320%−$32 · spread now +0.098%, 7d avg +0.441%
=Together, before fees−0.337%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.343% cheaper against Aster than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.441%). If the spread goes back, that is −$34 on $10k: about 2.7 days of funding at the current rate (+$12 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.016% in total (about -1.1% a year). A funding rate is set anew for every payment. 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 | Aster ZECUSDT | 1,476.9 | 0.0100 | pay 0.0100% / 8h | 6h 29m | $14.9M | $30.9M | 75x |
| Short | Backpack ZEC_USDC_PERP | 1,478.3 | 0.0517 | get 0.0065% / 1h | 29m 26s | $2.5M | $3.9M | 15x |
Aster ZECUSDT
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- $87.47
- Price spread: +0.098% → +0.441%
- −$34.32
- Slippage, 4 orders
- −$5.87
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $29.27
- Costs to cover
- 0.239%
- Break-even
- 4.7 days
Slippage from Aster: live order book, 5 min ago; Backpack: live order book, 5 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 Aster live order book, 5 min ago | 0.78 bp | 5.6 bp −$6 | 7.1 bp −$71 | 15.0 bp −$1,504 | 77.1 bp −$38.5K |
| Sell Backpack live order book, 5 min ago | 0.03 bp | 5.9 bp −$6 | 19.7 bp −$197 | doesn't fit | doesn't fit |
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 | 1,473.5 | −0.230% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,478.6 | +0.117% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0012% | 1h | 1,471.7 | −0.349% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,477.5 | +0.046% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.8 | +0.063% | $416K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,478.4 | +0.107% | $977K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,476 | −0.059% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.1 | −0.184% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0028% | 8h | 1,474 | −0.193% | $294K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | −0.032% | $48.0M | $33.0M | — | 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
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,474.3 | −0.171% | $386K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,476.6 | −0.020% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,478.2 | +0.093% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0095% | 8h | 1,474 | −0.195% | $181.1M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476.3 | −0.038% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,476.2 | −0.042% | $16K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,477.2 | +0.023% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.6 | −0.017% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,477.1 | +0.017% | $768.7M | $444.8M | 10x | as long as short |
| Aster ZECUSDTlong | +0.0100% | 8h | 1,476.9 | long leg | $14.9M | $30.9M | 75x | |
| Pacifica ZEC | +0.0100% | 1h | 1,477.3 | +0.027% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.6 | −0.155% | $681.1M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,473.9 | −0.203% | $271.9M | $620.2M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.431% | $893K | $19K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.6 | −0.153% | $50.2M | $175.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.9 | −0.130% | $216.9M | $798.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,475.6 | −0.082% | $103.7M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,475.8 | −0.071% | $164.0M | $284.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,475.2 | −0.109% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.8 | −0.007% | $575K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473 | −0.261% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.9 | 0.000% | $429K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,478 | +0.080% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476 | −0.058% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.164% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,475.9 | −0.064% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,480.7 | +0.263% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,477.4 | +0.037% | $244K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,477.5 | +0.045% | $2.6M | $19.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,477.9 | +0.068% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,476.6 | −0.018% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,477.3 | +0.027% | $48K | $167K | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,478 | +0.076% | $679K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,478.6 | +0.116% | $19.3M | $48.1M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0279% | 1h | 1,478.1 | +0.082% | $615K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0304% | 1h | 1,478.8 | +0.128% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,477.2 | +0.025% | $869K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,480 | +0.213% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0517% | 1h | 1,478.3 | +0.098% | $2.5M | $3.9M | 15x | |
| Aftermath Perps ZECUSD | +0.0725% | 1h | 1,475 | −0.129% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Arcus ZEC-USD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD