Funding you earn now, next payment 01:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.009%
Price spread now: Orderly against Deribit−0.054%7-day average −0.056% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.054%, 7d avg −0.056%
=The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,471.4 | 0.0140 | pay 0.0018% / 1h | 31m 52s | $605K | $1.3M | 25x |
| Short | Orderly PERP_ZEC_USDC | 1,470.6 | 0.0015 | get 0.0015% / 8h | 7h 31m | $294K | $1.3M | 20x |
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Deribit. 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
- −$26.35
- Price spread: −0.054% → −0.056%
- $0.2
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$39.16
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
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 Deribit live order book, 2 min ago | 3.78 bp | 9.2 bp −$9 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1,470.2 | −0.084% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470.8 | −0.041% | $17.9M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0142% | 1h | 1,468.5 | −0.199% | $399K | $519K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,470.4 | −0.070% | $29.8M | $73.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.5 | −0.061% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0076% | 8h | 1,469.9 | −0.103% | $274.0M | $635.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0056% | 8h | 1,468.2 | −0.221% | $47.6M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.9 | −0.104% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.7 | +0.087% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.9 | −0.104% | $83K | $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
Bybit ZECUSDT
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 | 1,470.8 | −0.044% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0015% | 8h | 1,470.6 | −0.054% | $294K | $1.3M | 20x | |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,470.1 | −0.092% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0048% | 8h | 1,470.3 | −0.080% | $181.9M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.8 | −0.044% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,470.7 | −0.048% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.9 | −0.107% | $176K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,469.4 | −0.138% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.3 | −0.146% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470 | −0.100% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.7 | +0.018% | $763.2M | $454.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.6 | −0.060% | $14.9M | $31.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.3 | −0.074% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.5 | −0.064% | $684.2M | $2.38B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471 | −0.029% | $697K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471 | −0.030% | $895K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,470.1 | −0.090% | $51.2M | $179.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.4 | −0.073% | $231.2M | $825.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.3 | −0.075% | $105.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.4 | −0.070% | $163.6M | $293.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,469.6 | −0.123% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.4 | −0.205% | $571K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | −0.212% | $3.0M | $466K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470 | −0.101% | $430K | $860K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.099% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.2 | −0.084% | $333K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.061% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.9 | −0.169% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472 | +0.039% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.6 | −0.059% | $242K | $4.0M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.165% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471 | −0.029% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.3 | −0.078% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.4 | −0.072% | $56K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0140% | 1h | 1,471.4 | long leg | $605K | $1.3M | 25x | |
| Lighter ZEC | +0.0208% | 1h | 1,472.2 | +0.051% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,470 | −0.100% | $850K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,471.3 | −0.012% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0523% | 1h | 1,471.1 | −0.022% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0778% | 1h | 1,471.3 | −0.010% | $44K | $47K | 10x | as long as short |
| Lighter RH ZEC | +0.0800% | 1h | 1,473.1 | +0.115% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
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
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
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC