Funding you earn now, next payment 09:00 UTC+0.0238%/8h= +26.1% APRnext payment +$0.30 per $10,000 · paid last 24h +0.028%
Price spread now: Deribit against dYdX+0.209%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$910.913% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+1.251%+$125 · spread now +0.209%, 7d avg +0.072%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.137% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.072%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ZEC-USD | 1,503.7 | 0 | get 0.0000% / 1h | 26m 37s | $418K | $34K | 5x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,506.8 | 0.0238 | get 0.0030% / 1h | 26m 37s | $690K | $1.4M | 25x |
dYdX ZEC-USD
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against dYdX. 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
- $50.04
- Price spread: +0.209% → +0.072%
- $13.71
- Slippage, 4 orders
- −$74.26
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.51
- Costs to cover
- 0.913%
- Break-even
- 10.8 days
Slippage from dYdX: live order book, 7 min ago; Deribit: live order book, 2 min ago.
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 dYdX live order book, 7 min ago | 31.50 bp | 36.7 bp −$37 | 45.1 bp −$451 | 112.6 bp −$11.3K | 126.3 bp −$63.1K |
| Sell Deribit live order book, 2 min ago | 5.15 bp | 9.4 bp −$9 | 14.8 bp −$148 | doesn't fit | doesn't fit |
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 | 1,491.4 | −0.816% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,504.7 | +0.067% | $62K | $305K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0211% | 1h | 1,505.1 | +0.094% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0160% | 8h | 1,505.1 | +0.092% | $31.8M | $76.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,506.4 | +0.177% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USDlong | 0.0000% | 1h | 1,503.7 | long leg | $418K | $34K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.3 | +0.104% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,501.9 | −0.120% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,505.9 | +0.150% | $18.3M | $47.7M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,508.6 | +0.327% | $8K | $6K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0082% | 1h | 1,504.2 | +0.032% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,505.9 | +0.147% | $304K | $860K | 20x | as long as short |
| Gate ZEC_USDT | +0.0088% | 8h | 1,505.2 | +0.099% | $60.7M | $186.1M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,504.6 | +0.058% | $19.5M | $45.1M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,504.8 | +0.076% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,508.6 | +0.329% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,504.2 | +0.033% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,507.9 | +0.281% | $16K | $893K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,505 | +0.086% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,503.7 | −0.001% | $786.5M | $447.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,503.1 | −0.036% | $14.1M | $30.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504 | +0.021% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504 | +0.020% | $709.6M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.9 | +0.015% | $269.5M | $617.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,504.3 | +0.041% | $184.7M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,504.9 | +0.080% | $409K | $548K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,508.8 | +0.337% | $604K | $9.0M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,503.8 | +0.005% | $774K | $147K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,504.1 | +0.026% | $405.9M | $836.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,503.1 | −0.039% | $102.8M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505.1 | +0.094% | $162.8M | $294.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,506.9 | +0.215% | — | $120.2M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,502.5 | −0.076% | $49.7M | $36.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,503.3 | −0.026% | $554K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,502.7 | −0.063% | $3.1M | $533K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,503.6 | −0.009% | $413K | $952K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,502.6 | −0.074% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,505.7 | +0.134% | $374K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,506.6 | +0.193% | $168K | $192K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502 | −0.111% | $449K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,508.4 | +0.311% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,505.6 | +0.128% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,504.7 | +0.066% | $2.7M | $21.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,505.9 | +0.146% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,507.5 | +0.255% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,505.7 | +0.136% | $45K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,508.2 | +0.297% | $953K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0161% / S −0.0165% | 1h | 1,506.8 | +0.209% | $334K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0238% | 1h | 1,506.8 | +0.209% | $690K | $1.4M | 25x | |
| Backpack ZEC_USDC_PERP | +0.0240% | 1h | 1,505.2 | +0.102% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,507.6 | +0.259% | $3.8M | $10.1M | 50x | as long as short |
Phoenix ZEC
Orderly PERP_ZEC_USDC
Gate ZEC_USDT
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
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX