ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h −0.008%

Price spread now: GMX against Derive+0.160%56s7-day average +0.074% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.160%, 7d avg +0.074%

Together, before fees−0.259%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GMX is 0.086% dearer against Derive than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.074%. Mind the row above: over the last 3 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 56 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	Derive ZEC-PERP	1,493.5	0.0100	pay 0.0013% / 1h	21m 13s	$456K	$469K	6.7x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,495.9	L +0.0144% / S −0.0142%	get 0.0018% / 1h	21m 13s	$333K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee GMXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $8.78
Price spread: +0.160% → +0.074%: $8.6
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.63
Costs to cover: 0.180%
Break-even: 7.5 days

Slippage unknown: Derive: no order-book sample; GMX: 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 Derive no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Derive and GMX: 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	−0.3442%	1h	1,479.6	−0.931%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,494.4	+0.060%	$61K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,495.8	+0.157%	$31.1M	$75.5M	75x	as long as short
Aftermath Perps ZECUSD	−0.0107%	1h	1,494.5	+0.071%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,494.7	+0.083%	$6K	$1K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,491.1	−0.157%	$858K	$48K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495.1	+0.108%	$415K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.9	+0.164%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.9	+0.164%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,496.2	+0.184%	$17.9M	$47.0M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0043%	1h	1,493.6	+0.008%	$408K	$554K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,495.5	+0.136%	$301K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,496.1	+0.176%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496	+0.169%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496	+0.170%	$182K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,495.3	+0.123%	$17K	$881K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.9	+0.092%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495.9	+0.164%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,496.9	+0.228%	$782.1M	$439.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495.4	+0.126%	$14.0M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495.4	+0.126%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496	+0.170%	$700.8M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,495.6	+0.141%	$267.9M	$616.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,495.8	+0.152%	$184.0M	$1.33B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.7	+0.149%	$56.6M	$185.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.3	+0.190%	$239.3M	$802.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,495.9	+0.160%	$102.8M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,495.9	+0.159%	$161.5M	$288.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,495.2	+0.111%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,492.9	−0.041%	$48.8M	$34.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,493.9	+0.029%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,492.1	−0.091%	$3.1M	$514K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.6	+0.074%	$411K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,494.4	+0.060%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.8	+0.155%	$358K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.1	+0.044%	$164K	$184K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,493.5	long leg	$456K	$469K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,498.5	+0.338%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496	+0.165%	$253K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,494.7	+0.079%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,496	+0.168%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495.9	+0.164%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495.8	+0.157%	$43K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0108%	1h	1,496.6	+0.207%	$683K	$1.4M	25x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,497.3	+0.255%	$2.1M	$7.4M	10x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,496.2	+0.182%	$942K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0144% / S −0.0142%	1h	1,495.9	+0.160%	$333K	—	100x
Lighter ZEC	+0.0216%	1h	1,497.5	+0.266%	$19.8M	$45.6M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,496.6	+0.206%	$618K	$8.7M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,496.6	+0.208%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0538%	1h	1,494.8	+0.085%	$2.3M	$3.8M	15x	as long as short