Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Phemex against Derive+0.139%7-day average +0.097% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.139%, 7d avg +0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.042% dearer against Derive than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,465.8 | 0.0100 | pay 0.0013% / 1h | 58m 00s | $447K | $512K | 6.7x |
| Short | Phemex ZECUSDT | 1,467.9 | 0.0100 | get 0.0100% / 8h | 5h 58m | $3.9M | $5.2M | 50x |
Derive ZEC-PERP
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.139% → +0.097%
- $4.17
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$13.83
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago | 3.33 bp | 16.5 bp −$17 | 29.3 bp −$293 | doesn't fit | 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 50 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 | −0.3244% | 1h | 1,453.2 | −0.860% | $33K | $272K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0378% | 1h | 1,466.9 | +0.074% | $398K | $441K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.3 | +0.306% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.9 | +0.145% | $413K | $48K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.7 | +0.196% | $972K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.6 | +0.121% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.3 | +0.100% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0032% | 8h | 1,467.2 | +0.096% | $293K | $984K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0033% | 1h | 1,467.9 | +0.141% | $611K | $1.3M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,467.8 | +0.136% | $8K | $8K | 5x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
01 Exchange ZECUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,467.2 | +0.097% | $383K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,469.6 | +0.259% | $4.6M | $1.4M | 10x | as long as short |
| Variational Omni ZEC | +0.0079% | 8h | 1,468.1 | +0.156% | $48.0M | $32.4M | — | as long as short |
| OKX ZEC-USDT-SWAP | +0.0095% | 8h | 1,466 | +0.012% | $180.8M | $1.24B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.8 | +0.135% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,467.4 | +0.106% | $16K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468 | +0.146% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.2 | +0.160% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.3 | +0.169% | $764.9M | $435.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.2 | +0.092% | $14.7M | $29.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468 | +0.147% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.3 | +0.033% | $677.8M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466 | +0.014% | $271.4M | $604.9M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,466.6 | +0.052% | $890K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,467.2 | +0.096% | $50.2M | $169.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.4 | +0.106% | $216.0M | $767.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.3 | +0.098% | $103.1M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.2 | +0.095% | $163.0M | $275.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.2 | +0.096% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | +0.151% | $571K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | +0.172% | $3.0M | $430K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,468.3 | +0.171% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,469.9 | +0.281% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.5 | +0.115% | $343K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.098% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,465.8 | long leg | $447K | $512K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.1 | +0.294% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | +0.115% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.7 | +0.062% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,467.9 | +0.139% | $3.9M | $5.2M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,465.9 | +0.003% | $2.8M | $7.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.1 | +0.084% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0136% | 1h | 1,468.9 | +0.207% | $19.2M | $45.8M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0194% | 1h | 1,467.5 | +0.112% | $18.1M | $43.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,469.8 | +0.271% | $690K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,469.3 | +0.239% | $2.1M | $6.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0378% | 1h | 1,467.8 | +0.132% | $2.4M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,468.3 | +0.170% | $852K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,468.6 | +0.190% | $3.6M | $8.9M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0733% | 1h | 1,469 | +0.219% | $43K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Variational Omni ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD