Funding you earn now, next payment 01:00 UTC+0.0312%/8h= +34.2% APRpaid last 24h −0.002%
Price spread now: Deribit against Gate+0.343%51s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.375% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.343%, 7d avg +0.073%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.270% dearer against Gate than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.073%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment. 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 | Gate ZEC_USDT | 1,470.1 | 0.0097 | pay 0.0097% / 8h | 7h 06m | $50.3M | $182.2M | 75x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,475.1 | 0.0409 | get 0.0051% / 1h | 6m 27s | $607K | $1.3M | 25x |
Gate ZEC_USDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $65.58
- Price spread: +0.343% → +0.073%
- $27.01
- Slippage, 4 orders
- −$15.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $55.12
- Costs to cover
- 0.375%
- Break-even
- 1.1 days
Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 3 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 Gate live order book, 3 min ago | 0.61 bp | 9.6 bp −$10 | 16.8 bp −$168 | 31.9 bp −$3,186 | 55.0 bp −$27.5K |
| Sell Deribit live order book, 3 min ago | 4.15 bp | 7.6 bp −$8 | 14.6 bp −$146 | 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 | −0.3321% | 1h | 1,471.6 | +0.102% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,473.9 | +0.264% | $18.0M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0123% | 1h | 1,467.7 | −0.161% | $400K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0116% | 8h | 1,472.9 | +0.196% | $29.7M | $72.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.4 | +0.156% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0021% | 8h | 1,466.4 | −0.251% | $47.6M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471 | +0.061% | $414K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,470 | −0.006% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473 | +0.199% | $960K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.4 | +0.024% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.3 | +0.017% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0021% | 8h | 1,470.2 | +0.006% | $294K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470 | −0.005% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,470.2 | +0.012% | $378K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0066% | 8h | 1,470.1 | +0.005% | $181.4M | $1.29B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.3 | +0.016% | $173K | $1.8M | 50x | as long as short |
| Gate ZEC_USDTlong | +0.0097% | 8h | 1,470.1 | long leg | $50.3M | $182.2M | 75x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,469.9 | −0.014% | $12K | $847K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.1 | +0.071% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.7 | +0.109% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.9 | +0.057% | $766.0M | $451.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.9 | +0.060% | $14.9M | $31.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.6 | +0.105% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.1 | +0.001% | $683.3M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,470 | −0.003% | $273.0M | $628.9M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.5 | +0.168% | $686K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.153% | $893K | $21K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.2 | +0.012% | $218.1M | $831.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.3 | +0.016% | $104.1M | $55.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.2 | +0.010% | $163.5M | $289.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.8 | +0.120% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.5 | −0.109% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.6 | −0.031% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.7 | −0.022% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.2 | +0.213% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470 | −0.004% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.9 | −0.011% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.7 | +0.182% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.1 | +0.275% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.9 | +0.258% | $243K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.5 | +0.169% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.7 | +0.248% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.4 | +0.024% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.5 | +0.031% | $53K | $162K | 20x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,472.9 | +0.194% | $19.2M | $50.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,471.2 | +0.077% | $854K | $1.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0409% | 1h | 1,475.1 | +0.343% | $607K | $1.3M | 25x | |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,476.4 | +0.431% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0515% | 1h | 1,473.6 | +0.239% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0688% | 1h | 1,472.6 | +0.170% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0752% | 1h | 1,469.9 | −0.013% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
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
Arcus ZEC-USD
Bulk ZEC-USD
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD