Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.011%
Price spread now: OKX against Derive+0.097%7-day average +0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 3 days (all we have)−0.179%−$18 · spread now +0.097%, 7d avg +0.060%
=The price spread pays, funding is against you. OKX is 0.038% dearer against Derive than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.060%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days. At the pace of the last 7 days (−0.279% in total) that is about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,470.9 | 0.0100 | pay 0.0013% / 1h | 44m 25s | $458K | $510K | 6.7x |
| Short | OKX ZEC-USDT-SWAP | 1,472.3 | 0.0080 | get 0.0080% / 8h | 6h 44m | $181.3M | $1.28B | 50x |
Derive ZEC-PERP
OKX ZEC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$4.27
- Price spread: +0.097% → +0.060%
- $3.79
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$16.48
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago | 0.03 bp | 5.1 bp −$5 | 9.0 bp −$90 | 17.7 bp −$1,771 | doesn't fit |
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 | −0.3678% | 1h | 1,475.7 | +0.331% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.4 | +0.106% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0063% | 1h | 1,473 | +0.145% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,472.4 | +0.104% | $18.0M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.5 | +0.046% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.8 | +0.063% | $958K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,471.7 | +0.055% | $84K | $264K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.4 | +0.104% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | +0.295% | $29.6M | $73.3M | 75x | as long as short |
| Variational Omni ZEC | +0.0016% | 8h | 1,474 | +0.213% | $48.1M | $33.4M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
BloFin ZEC-USDT
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,472 | +0.080% | $294K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,472 | +0.076% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.2 | +0.088% | $383K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.7 | +0.193% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAPshort | +0.0080% | 8h | 1,472.3 | +0.097% | $181.3M | $1.28B | 50x | |
| Gate ZEC_USDT | +0.0081% | 8h | 1,472.2 | +0.090% | $50.1M | $174.3M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.8 | +0.065% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,471.8 | +0.062% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.8 | +0.063% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.1 | +0.084% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.8 | +0.128% | $766.5M | $450.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472 | +0.076% | $14.9M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.6 | +0.120% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.5 | +0.108% | $682.8M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.2 | +0.093% | $271.9M | $626.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472 | +0.075% | $218.4M | $793.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.2 | +0.087% | $103.6M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.6 | +0.120% | $163.3M | $286.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.8 | +0.061% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | +0.234% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476 | +0.346% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.5 | +0.247% | $429K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.9 | +0.135% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.6 | +0.050% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.8 | +0.063% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,470.9 | long leg | $458K | $510K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.5 | +0.244% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.3 | +0.099% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.7 | +0.195% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473 | +0.142% | $3.8M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.6 | +0.257% | $897K | $17K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.6 | +0.115% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.9 | +0.067% | $51K | $164K | 20x | as long as short |
| Lighter RH ZEC | +0.0216% | 1h | 1,474.1 | +0.221% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,473.4 | +0.173% | $684K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0304% | 1h | 1,474 | +0.211% | $19.2M | $48.0M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0321% | 1h | 1,473.1 | +0.154% | $606K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,472.3 | +0.096% | $855K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,474.6 | +0.254% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0560% | 1h | 1,472.7 | +0.124% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0735% | 1h | 1,474.1 | +0.217% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Arcus ZEC-USD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD