Funding you earn now, next payment 05:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Derive against GMX−0.083%7-day average −0.073% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.083%, 7d avg −0.073%
=The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$1 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] | 1,455.9 | L +0.0083% / S −0.0033% | pay 0.0010% / 1h | 28m 25s | $434K | — | 100x |
| Short | Derive ZEC-PERP | 1,454.7 | 0.0100 | get 0.0013% / 1h | 28m 25s | $444K | $521K | 6.7x |
GMX ZEC/USD [WBTC.b-USDC]
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $3.53
- Price spread: −0.083% → −0.073%
- −$0.94
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$15.41
- Costs to cover
- 0.180%
- Break-even
- 37.6 days
Slippage unknown: GMX: no order-book sample; Derive: no order-book sample. 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 Derive no order-book sample | — | — | — | — | — |
GMX and 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 | −0.3042% | 1h | 1,457.6 | +0.121% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,456.4 | +0.037% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,456.1 | +0.016% | $29.4M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,456.3 | +0.031% | $410K | $36K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,455.4 | −0.033% | $83K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456 | +0.010% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,455.8 | −0.002% | $291K | $944K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0083% / S −0.0033% | 1h | 1,455.9 | long leg | $434K | — | 100x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.5 | +0.044% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,456.3 | +0.032% | $14K | $820K | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456 | +0.009% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456 | +0.012% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456.2 | +0.025% | $14.5M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,456.5 | +0.042% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.3 | +0.030% | $670.0M | $2.19B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,455.5 | −0.025% | $261.1M | $599.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,456.3 | +0.030% | $178.7M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.7 | −0.012% | $395K | $434K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,453.9 | −0.137% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,455.9 | +0.004% | $51.3M | $171.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.5 | +0.040% | $218.5M | $769.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456 | +0.012% | $103.0M | $53.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.5 | +0.046% | $165.7M | $270.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,455.5 | −0.025% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,457 | +0.078% | $47.8M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.6 | +0.051% | $567K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.7 | +0.057% | $3.0M | $463K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457.4 | +0.105% | $403K | $944K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.5 | +0.045% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.2 | +0.023% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,456.1 | +0.018% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,454.7 | −0.083% | $444K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,458.7 | +0.197% | $4K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,456.1 | +0.013% | $233K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455.7 | −0.012% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.4 | +0.034% | $3.8M | $4.9M | 50x | as long as short |
| Lighter RH ZEC | +0.0104% | 1h | 1,457.7 | +0.124% | $2.1M | $7.0M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.9 | +0.003% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456 | +0.007% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,455 | −0.060% | $4.6M | $1.3M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,456.8 | +0.067% | $8K | $7K | 5x | as long as short |
| Kalshi KXZECPERP | +0.0131% | 8h | 1,456.9 | +0.074% | $1.5M | $4.4M | 2.2x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,457.6 | +0.118% | $19.2M | $45.0M | 20x | as long as short |
| Hyperliquid ZEC | +0.0146% | 1h | 1,457.8 | +0.133% | $758.9M | $426.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0155% | 1h | 1,456.5 | +0.045% | $2.4M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,456.2 | +0.024% | $921K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0249% | 1h | 1,456.6 | +0.051% | $613K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,455.9 | +0.003% | $18.0M | $45.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,458 | +0.147% | $697K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,459.7 | +0.262% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0672% | 1h | 1,455.8 | −0.003% | $45K | $49K | 10x | as long as short |
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Phemex ZECUSDT
Lighter RH ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
01 Exchange ZECUSD
Kalshi KXZECPERP
Lighter ZEC
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD