Funding you earn now, next payment 09:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h +0.010%
Price spread now: Deribit against Bitget+0.147%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$340.345% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)+1.376%+$138 · spread now +0.147%, 7d avg +0.074%
=The price spread pays, funding is against you. Deribit is 0.073% dearer against Bitget than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.074%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.227%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZECUSDT | 1,516 | 0.0100 | pay 0.0100% / 8h | 7h 49m | $163.6M | $294.9M | 75x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,518.3 | 0.0063 | get 0.0008% / 1h | 49m 09s | $693K | $1.4M | 25x |
Bitget ZECUSDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bitget. 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
- −$7.7
- Price spread: +0.147% → +0.074%
- $7.26
- Slippage, 4 orders
- −$15.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$34.94
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Deribit: 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 Bitget live order book, 5 min ago | 0.03 bp | 8.0 bp −$8 | 12.0 bp −$120 | 21.8 bp −$2,176 | doesn't fit |
| Sell Deribit live order book, 5 min ago | 5.92 bp | 10.0 bp −$10 | 15.0 bp −$150 | 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 | −0.3702% | 1h | 1,494.3 | −1.433% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | −0.051% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,517.5 | +0.098% | $62K | $305K | 10x | as long as short |
| ApeX Omni ZECUSDT | −0.0275% | 1h | 1,515.6 | −0.032% | $416K | $951K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0161% | 8h | 1,518.4 | +0.158% | $31.8M | $77.2M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0135% | 1h | 1,516.1 | +0.006% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,519.7 | +0.241% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,519.1 | +0.204% | $422K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,517.2 | +0.074% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,518.2 | +0.140% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,518.1 | +0.135% | $18.4M | $47.8M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,519.5 | +0.230% | $8K | $6K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0063% | 1h | 1,518.3 | +0.147% | $693K | $1.4M | 25x | |
| Phoenix ZEC | +0.0082% | 1h | 1,518.9 | +0.185% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,517.5 | +0.097% | $306K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,518.8 | +0.184% | $19.6M | $44.4M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,519.1 | +0.203% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,519.5 | +0.228% | $173K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,519.5 | +0.226% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,519 | +0.194% | $16K | $900K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,519.2 | +0.209% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,516.6 | +0.036% | $794.2M | $448.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,515.6 | −0.032% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,519.8 | +0.245% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,516 | −0.003% | $716.6M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,515.3 | −0.052% | $272.5M | $629.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,515.2 | −0.053% | $184.7M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,516.8 | +0.050% | $413K | $548K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,519.4 | +0.223% | $596K | $9.0M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,515.8 | −0.018% | $60.3M | $183.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,512 | −0.270% | $412.3M | $828.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,515.8 | −0.018% | $103.6M | $57.4M | 75x | as long as short |
| Bitget ZECUSDTlong | +0.0100% | 8h | 1,516 | long leg | $163.6M | $294.9M | 75x | |
| BingX ZEC-USDC | +0.0100% | 8h | 1,516.2 | +0.009% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,517.7 | +0.110% | $50.1M | $35.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,514 | −0.134% | $565K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,516.8 | +0.052% | $3.1M | $519K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,518.4 | +0.152% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,519.4 | +0.222% | $377K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,516.8 | +0.049% | $170K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,516.9 | +0.056% | $453K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,521.5 | +0.361% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,517.7 | +0.108% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,516.6 | +0.035% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,516.6 | +0.036% | $4.1M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,517.7 | +0.109% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,517.7 | +0.108% | $43K | $150K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0154% / S −0.0156% | 1h | 1,518.2 | +0.140% | $337K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,519.4 | +0.221% | $969K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,520.8 | +0.311% | $3.7M | $9.9M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0558% | 1h | 1,516.4 | +0.020% | $2.4M | $3.8M | 15x | as long as short |
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
BingX ZEC-USDC
Variational Omni ZEC
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
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP