Funding you earn now, next payment 09:00 UTC+0.0057%/8h= +6.3% APRnext payment +$0.07 per $10,000 · paid last 24h +0.016%
Price spread now: RISEx against Derive−0.008%162s7-day average +0.101% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)−1.256%−$126 · spread now −0.008%, 7d avg +0.101%
=Funding pays, the price is against you. RISEx is 0.109% cheaper against Derive than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.101%). If the spread goes back, that is −$11 on $10k: about 6.3 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.207% in total) that is about 47 hours. The two prices were read 162 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 | 1,511.3 | 0.0100 | pay 0.0013% / 1h | 41m 15s | $451K | $408K | 6.7x |
| Short | RISEx ZEC/USDC | 1,511.2 | 0.0157 | get 0.0020% / 1h | 41m 15s | $962K | $1.1M | 10x |
Derive ZEC-PERP
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $12
- Price spread: −0.008% → +0.101%
- −$10.86
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$10.86
- Costs to cover
- 0.120%
- Break-even
- 13.3 days
Slippage unknown: Derive: no order-book sample; RISEx: live order book, 2 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 RISEx live order book, 2 min ago | 0.99 bp | 4.0 bp −$4 | 10.0 bp −$100 | 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 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 | −0.3702% | 1h | 1,500.6 | −0.707% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,510.8 | −0.034% | $62K | $305K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0165% | 1h | 1,513.4 | +0.138% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0157% | 8h | 1,509.2 | −0.140% | $31.8M | $76.8M | 75x | as long as short |
| Bulk ZEC-USD | −0.0101% | 1h | 1,517.9 | +0.436% | $781K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,512.2 | +0.057% | $6K | $1K | 10x | as long as short |
| ApeX Omni ZECUSDT | −0.0022% | 1h | 1,512.6 | +0.088% | $415K | $952K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,512 | +0.045% | $420K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,511.9 | +0.039% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,509.1 | −0.144% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0014% | 1h | 1,510.4 | −0.057% | $691K | $1.4M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,509.6 | −0.111% | $18.3M | $47.8M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,511.8 | +0.032% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0061% | 8h | 1,511.5 | +0.014% | $60.3M | $184.1M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,515.4 | +0.272% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,510.2 | −0.076% | $305K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,510.3 | −0.067% | $19.6M | $44.7M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,510.5 | −0.052% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,511.5 | +0.014% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,511.4 | +0.003% | $62K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,511.3 | +0.002% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,511.9 | +0.040% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,512.8 | +0.099% | $791.9M | $449.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,508.9 | −0.157% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,512.1 | +0.053% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,509.2 | −0.136% | $713.5M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,509.9 | −0.094% | $271.5M | $624.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,509.2 | −0.141% | $185.2M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,511.6 | +0.020% | $412K | $546K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,512.2 | +0.058% | $605K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,512.2 | +0.061% | $407.2M | $830.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,511.7 | +0.028% | $103.3M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,509.2 | −0.141% | $163.5M | $295.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,510.7 | −0.038% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,515.2 | +0.255% | $50.2M | $36.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,512.9 | +0.103% | $558K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,515.1 | +0.250% | $3.1M | $530K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,513.8 | +0.165% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,512.3 | +0.066% | $375K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,512.2 | +0.057% | $169K | $194K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,511.3 | long leg | $451K | $408K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,514.1 | +0.182% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,509.3 | −0.133% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,510.7 | −0.039% | $2.7M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,509.8 | −0.103% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,509.4 | −0.124% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,509.6 | −0.110% | $45K | $153K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0156% / S −0.0159% | 1h | 1,512.2 | +0.058% | $336K | — | 100x | as long as short |
| RISEx ZEC/USDCshort | +0.0157% | 1h | 1,511.2 | −0.008% | $962K | $1.1M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,512.6 | +0.083% | $3.8M | $10.0M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0508% | 1h | 1,512.7 | +0.090% | $2.4M | $3.7M | 15x | as long as short |
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
Gate ZEC_USDT
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP