Funding you earn now, next payment 09:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h −0.007%
Price spread now: Deribit against GMX+0.058%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)+0.597%+$60 · spread now +0.058%, 7d avg +0.039%
=The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,503.1 | L +0.0160% / S −0.0164% | pay 0.0020% / 1h | 30m 17s | $334K | — | 100x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,504 | 0.0226 | get 0.0028% / 1h | 30m 17s | $688K | $1.4M | 25x |
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against GMX. 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
- $13.85
- Price spread: +0.058% → +0.039%
- $1.84
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$3.32
- Costs to cover
- 0.190%
- Break-even
- 8.7 days
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 4 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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 4 min ago | 5.41 bp | 8.9 bp −$9 | 14.3 bp −$143 | doesn't fit | doesn't fit |
GMX: 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 | 1,491.4 | −0.780% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,502.5 | −0.040% | $62K | $305K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0204% | 1h | 1,505.7 | +0.170% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,503.6 | +0.031% | $31.8M | $76.4M | 75x | as long as short |
| Bulk ZEC-USD | −0.0098% | 1h | 1,506.5 | +0.226% | $775K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,502.1 | −0.067% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,501.8 | −0.088% | $417K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,501.9 | −0.081% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,503.2 | +0.003% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,502.9 | −0.017% | $18.3M | $48.0M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,502.3 | −0.059% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0065% | 8h | 1,502.5 | −0.042% | $60.4M | $185.8M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,507 | +0.257% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0085% | 8h | 1,502.9 | −0.018% | $303K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,504 | +0.059% | $19.5M | $45.0M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,504.2 | +0.073% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,502.4 | −0.053% | $171K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,502.1 | −0.069% | $62K | $17K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,502.3 | −0.053% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,501.9 | −0.079% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,502.8 | −0.023% | $786.2M | $446.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,502.3 | −0.054% | $14.1M | $30.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,502.4 | −0.051% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,503.2 | +0.003% | $709.9M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,502.6 | −0.033% | $269.3M | $624.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,502.9 | −0.017% | $184.9M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,501.6 | −0.102% | $408K | $557K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,503.2 | +0.001% | $611K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,503.2 | +0.003% | $404.9M | $835.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,502.5 | −0.044% | $102.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.2 | +0.004% | $162.5M | $295.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,502.8 | −0.024% | — | $120.2M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,502.5 | −0.039% | $49.7M | $36.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,505.3 | +0.143% | $555K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.8 | +0.241% | $3.1M | $533K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,505.8 | +0.178% | $413K | $952K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,504.7 | +0.101% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,502.7 | −0.029% | $373K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,502.8 | −0.021% | $168K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502.5 | −0.042% | $449K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,505.1 | +0.131% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,503.3 | +0.011% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,500.9 | −0.151% | $2.7M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.6 | +0.031% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,502.9 | −0.013% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.9 | −0.019% | $44K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,502.4 | −0.052% | $994K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0160% / S −0.0164% | 1h | 1,503.1 | long leg | $334K | — | 100x | |
| Deribit ZEC_USDC-PERPETUALshort | +0.0226% | 1h | 1,504 | +0.058% | $688K | $1.4M | 25x | |
| Backpack ZEC_USDC_PERP | +0.0315% | 1h | 1,503.7 | +0.037% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,504.4 | +0.080% | $3.8M | $10.0M | 50x | as long as short |
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-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
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX