Funding you earn now, next payment 01:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.036%
Price spread now: Nado against Bybit+0.157%7-day average +0.041% · 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−$11as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.157%, 7d avg +0.041%
=Together, before fees−0.074%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Nado is 0.116% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,470.1 | −0.0019 | get 0.0019% / 8h | 7h 28m | $274.0M | $634.0M | 75x |
| Short | Nado ZEC-PERP | 1,472.4 | 0.0100 | get 0.0012% / 1h | 28m 05s | $2.6M | $6.6M | 10x |
Bybit ZECUSDT
Nado ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bybit. 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
- $25.01
- Price spread: +0.157% → +0.041%
- $11.59
- Slippage, 4 orders
- −$4.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $14.2
- Costs to cover
- 0.224%
- Break-even
- 3.0 days
Slippage from Bybit: live order book, 1 min ago; Nado: live order book, 1 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 Bybit live order book, 1 min ago | 0.03 bp | 6.4 bp −$6 | 8.1 bp −$81 | 16.4 bp −$1,639 | 31.1 bp −$15.5K |
| Sell Nado live order book, 1 min ago | 0.14 bp | 4.3 bp −$4 | 11.4 bp −$114 | 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 | −0.3321% | 1h | 1,472.4 | +0.153% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470.5 | +0.026% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0113% | 1h | 1,467.9 | −0.151% | $399K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,470.3 | +0.015% | $29.7M | $73.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | +0.137% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0053% | 8h | 1,469 | −0.073% | $47.6M | $33.8M | — | as long as short |
| Bybit ZECUSDTlong | −0.0019% | 8h | 1,470.1 | long leg | $274.0M | $634.0M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.1 | +0.134% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.1 | +0.137% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | +0.143% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.5 | +0.092% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,470.8 | +0.045% | $294K | $1.3M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,471.6 | +0.101% | $8K | $8K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0030% | 1h | 1,471.5 | +0.094% | $605K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0050% | 8h | 1,470.1 | −0.005% | $181.9M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.8 | +0.046% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471.4 | +0.087% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.1 | +0.136% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472 | +0.130% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.1 | +0.131% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERPshort | +0.0100% | 1h | 1,472.4 | +0.157% | $2.6M | $6.6M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.4 | +0.087% | $763.1M | $455.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.8 | +0.049% | $14.9M | $31.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.3 | +0.145% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.4 | +0.020% | $684.6M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.4 | +0.224% | $698K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,470.5 | +0.026% | $51.3M | $179.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.2 | +0.007% | $231.4M | $826.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.2 | +0.071% | $104.8M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.4 | +0.019% | $163.6M | $292.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,470.4 | +0.021% | — | $100.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.6 | −0.033% | $572K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.9 | +0.055% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.9 | −0.016% | $430K | $866K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.2 | +0.007% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.1 | +0.135% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.6 | +0.098% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.3 | −0.053% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.3 | +0.286% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.5 | +0.025% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.9 | +0.120% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471 | +0.060% | $3.9M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.108% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.4 | +0.016% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471 | +0.063% | $56K | $167K | 20x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,471.7 | +0.106% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,472.9 | +0.188% | $853K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472.9 | +0.187% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0539% | 1h | 1,471.3 | +0.080% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0772% | 1h | 1,471.9 | +0.119% | $44K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0800% | 1h | 1,472.7 | +0.175% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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 ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC