Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.024%
Price spread now: dYdX against Derive+0.035%7-day average +0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−0.576%−$58 · spread now +0.035%, 7d avg +0.063%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.029% cheaper against Derive than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,460.3 | 0.0100 | pay 0.0013% / 1h | 4m 20s | $446K | $498K | 6.7x |
| Short | dYdX ZEC-USD | 1,460.9 | 0 | get 0.0000% / 1h | 4m 20s | $411K | $106K | 5x |
Derive ZEC-PERP
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Derive. 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
- −$21
- Price spread: +0.035% → +0.063%
- −$2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$39.85
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; dYdX: live order book, 20 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell dYdX live order book, 20 min ago | 38.64 bp | 44.1 bp −$44 | 48.4 bp −$484 | 103.4 bp −$10.3K | 412.9 bp −$206.4K |
Derive: 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 | −0.3476% | 1h | 1,446.2 | −0.972% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0091% | 8h | 1,460 | −0.021% | $28.9M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461.6 | +0.088% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,461.6 | +0.085% | $17.7M | $44.7M | 25x | as long as short |
| Bybit ZECUSDT | −0.0033% | 8h | 1,461.8 | +0.101% | $270.0M | $678.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0014% | 8h | 1,458.9 | −0.099% | $45.7M | $33.4M | — | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,460.9 | +0.035% | $411K | $106K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462 | +0.112% | $935K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.3 | +0.066% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,462.4 | +0.141% | $595K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Variational Omni ZEC
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow 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 | 1,462 | +0.114% | $5.2M | — | 150x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0011% | 1h | 1,457.9 | −0.168% | $396K | $515K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0014% / S +0.0075% | 1h | 1,461.9 | +0.108% | $559K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,461.7 | +0.094% | $293K | $1.5M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,462 | +0.111% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0056% | 8h | 1,461.7 | +0.092% | $49.9M | $191.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0057% | 8h | 1,462 | +0.114% | $174.9M | $1.37B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,461.9 | +0.103% | $13K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,463.3 | +0.202% | $18.9M | $54.8M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,461.5 | +0.082% | $174K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461.6 | +0.085% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.2 | +0.128% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462.6 | +0.154% | $758.1M | $494.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.6 | +0.086% | $15.4M | $33.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.1 | +0.122% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.8 | +0.101% | $668.6M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.7 | +0.092% | $222.1M | $900.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.6 | +0.088% | $103.2M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,461.9 | +0.105% | $161.7M | $312.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,460.7 | +0.026% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,461.9 | +0.103% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,458.9 | −0.102% | $508K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.2 | −0.077% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,460.1 | −0.014% | $429K | $815K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,461.7 | +0.089% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,461.6 | +0.086% | $343K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461.5 | +0.080% | $128K | $161K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,460.3 | long leg | $446K | $498K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,463.7 | +0.228% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.7 | +0.095% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.3 | +0.068% | $2.4M | $24.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.6 | +0.083% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.7 | −0.250% | $897K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,462 | +0.114% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.2 | +0.129% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.7 | +0.089% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,462.3 | +0.131% | $844K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,464 | +0.252% | $3.7M | $11.7M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0493% | 1h | 1,460.8 | +0.028% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,462.5 | +0.144% | $742K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0560% | 1h | 1,463.8 | +0.239% | $2.0M | $8.5M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Ondo Perps ZEC-USD.P
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC