Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against Bullet+0.090%7-day average +0.078% · 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−$33as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 3 days (all we have)+0.024%+$2 on $10k
+Price spread, last 3 days (all we have)+0.325%+$32 · spread now +0.090%, 7d avg +0.078%
=The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet ZEC-USD | 1,472.7 | 0.0100 | pay 0.0013% / 1h | 20m 35s | $128K | $159K | 20x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,474.1 | 0.0154 | get 0.0019% / 1h | 20m 35s | $615K | $1.3M | 25x |
Bullet ZEC-USD
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bullet. 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
- $11.37
- Price spread: +0.090% → +0.078%
- $1.16
- Slippage, 4 orders
- −$19.32
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$21.79
- Costs to cover
- 0.343%
- Break-even
- 20.4 days
Slippage from Bullet: live order book, 58 min ago; Deribit: live order book, 3 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 Bullet live order book, 58 min ago | 1.81 bp | 6.6 bp −$7 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 5.62 bp | 9.9 bp −$10 | 15.8 bp −$158 | 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 | −0.3089% | 1h | 1,452.2 | −1.395% | $33K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0264% | 1h | 1,473.3 | +0.037% | $399K | $523K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,473.8 | +0.074% | $17.9M | $44.4M | 25x | as long as short |
| Bybit ZECUSDT | −0.0115% | 8h | 1,472.4 | −0.025% | $274.9M | $653.0M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0107% | 8h | 1,473.7 | +0.066% | $29.7M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.9 | +0.013% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,472.2 | −0.035% | $47.2M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.3 | +0.106% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473 | +0.016% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | −0.038% | $84K | $407K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | 0.0000% | 1h | 1,469.2 | −0.238% | $431K | $843K | 50x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473.2 | +0.033% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,473.1 | +0.022% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,473.1 | +0.025% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471.2 | −0.105% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,472.8 | +0.004% | $181.2M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0047% | 8h | 1,473.4 | +0.045% | $51.2M | $187.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,473.2 | +0.032% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.6 | +0.196% | $19.2M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.4 | −0.022% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.1 | −0.113% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.8 | +0.071% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.1 | +0.024% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.3 | +0.173% | $764.5M | $472.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.9 | +0.081% | $15.0M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.5 | +0.119% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.6 | −0.013% | $683.3M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.8 | +0.074% | $694K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.203% | $894K | $39K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.1 | +0.095% | $223.3M | $841.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.6 | +0.122% | $103.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.8 | +0.001% | $163.5M | $301.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.8 | +0.006% | — | $102.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | −0.324% | $511K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470 | −0.186% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.3 | +0.038% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.003% | $337K | $1.8M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,472.7 | long leg | $128K | $159K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.5 | −0.084% | $459K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.1 | +0.160% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.5 | +0.048% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473 | +0.017% | $2.5M | $22.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.9 | +0.077% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.8 | +0.004% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.7 | −0.004% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.1 | +0.026% | $826K | $1.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0154% | 1h | 1,474.1 | +0.090% | $615K | $1.3M | 25x | |
| Backpack ZEC_USDC_PERP | +0.0418% | 1h | 1,475.2 | +0.169% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,475.7 | +0.200% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0472% | 1h | 1,476.4 | +0.247% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0740% | 1h | 1,472 | −0.052% | $46K | $47K | 10x | as long as short |
ApeX Omni ZECUSDT
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD