Funding you earn now, next payment 02:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.045%
Price spread now: Deribit against BloFin−0.548%357s7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days+0.292%+$29 on $10k
+Price spread, last 3 days (all we have)+0.654%+$65 · spread now −0.548%, 7d avg +0.056%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Deribit is 0.604% cheaper against BloFin than usual: you would sell low and buy high (−$60 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.292%, so the current rate has only just turned against you. The two prices were read 357 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 | BloFin ZEC-USDT | 1,475.2 | 0.0012 | pay 0.0012% / 8h | 6h 42m | $29.6M | $73.3M | 75x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,467.1 | 0 | get 0.0000% / 1h | 42m 24s | $603K | $1.3M | 25x |
BloFin ZEC-USDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BloFin. 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
- −$2.46
- Price spread: −0.548% → +0.056%
- −$60.36
- Slippage, 4 orders
- −$14.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$95.83
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Deribit: live order book, 2 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 BloFin live order book, 7 min ago | 1.59 bp | 8.9 bp −$9 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 3.71 bp | 7.2 bp −$7 | doesn't fit | 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 | −0.3678% | 1h | 1,473.4 | −0.123% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.3 | −0.533% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0057% | 1h | 1,463.4 | −0.800% | $400K | $515K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,467 | −0.558% | $18.0M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.2 | −0.540% | $413K | $57K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.6 | −0.174% | $960K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.5 | −0.592% | $83K | $264K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | 0.0000% | 1h | 1,467.1 | −0.548% | $603K | $1.3M | 25x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467 | −0.554% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDTlong | +0.0012% | 8h | 1,475.2 | long leg | $29.6M | $73.3M | 75x |
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/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0016% | 8h | 1,474 | −0.081% | $48.1M | $33.4M | — | as long as short |
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,467.3 | −0.536% | $293K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,467.6 | −0.519% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,466.8 | −0.566% | $381K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.7 | −0.101% | $4.7M | $1.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0081% | 8h | 1,466.6 | −0.582% | $49.8M | $174.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0081% | 8h | 1,467.5 | −0.521% | $181.0M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.7 | −0.574% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466.3 | −0.604% | $14K | $839K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.9 | −0.560% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.7 | −0.511% | $2.5M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.5 | −0.522% | $763.4M | $450.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.8 | −0.570% | $14.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.7 | −0.510% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467 | −0.558% | $680.3M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,467.1 | −0.550% | $270.7M | $627.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.7 | −0.578% | $215.6M | $794.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.6 | −0.586% | $103.1M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.4 | −0.526% | $162.8M | $286.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,466.2 | −0.607% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | −0.061% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.7 | −0.173% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.5 | −0.047% | $429K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.352% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.576% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.1 | −0.614% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.7 | −0.644% | $456K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.422% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.9 | −0.566% | $242K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.6 | −0.582% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468 | −0.487% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.038% | $897K | $17K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.1 | −0.550% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.1 | −0.548% | $48K | $167K | 20x | as long as short |
| Lighter RH ZEC | +0.0216% | 1h | 1,468.7 | −0.439% | $2.0M | $7.1M | 10x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,468.5 | −0.452% | $19.2M | $48.0M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468.5 | −0.457% | $696K | $8.7M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,467.7 | −0.508% | $852K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,469.2 | −0.405% | $3.6M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0540% | 1h | 1,467.4 | −0.532% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0738% | 1h | 1,472.3 | −0.195% | $44K | $46K | 10x | as long as short |
Variational Omni ZEC
Orderly PERP_ZEC_USDC
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-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
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Lighter ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD