Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Derive against Nado−0.120%48s7-day average −0.098% · 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)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+1.471%+$147 · spread now −0.120%, 7d avg −0.098%
=Together, before fees+1.470%+ Points / potential airdropNado: Active · farm board+$147 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.022% cheaper against Nado than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.098%. The two prices were read 48 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 | Nado ZEC-PERP | 1,453.6 | 0.0100 | pay 0.0012% / 1h | 8m 29s | $2.6M | $6.3M | 10x |
| Short | Derive ZEC-PERP | 1,451.8 | 0.0100 | get 0.0013% / 1h | 8m 29s | $443K | $521K | 6.7x |
Nado ZEC-PERP
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Nado. 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
- $0
- Price spread: −0.120% → −0.098%
- −$2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$15.19
- Costs to cover
- 0.130%
- Break-even
- 1560291524051225.0 days
Slippage unknown: Nado: live order book, 6 min ago; 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 Nado live order book, 6 min ago | 0.03 bp | 4.9 bp −$5 | 11.6 bp −$116 | 49.5 bp −$4,950 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.3244% | 1h | 1,455.6 | +0.136% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,453.9 | +0.020% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,453 | −0.037% | $29.3M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,452.5 | −0.076% | $409K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454 | +0.028% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.3 | −0.086% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.6 | −0.071% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0053% | 8h | 1,452.2 | −0.093% | $291K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,452.3 | −0.089% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | +0.096% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.5 | −0.073% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,452.6 | −0.068% | $12K | $868K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454.1 | +0.034% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERPlong | +0.0100% | 1h | 1,453.6 | long leg | $2.6M | $6.3M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.4 | −0.013% | $755.2M | $433.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,452.3 | −0.085% | $14.5M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.8 | +0.013% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.7 | −0.064% | $665.1M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.115% | $262.2M | $606.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.6 | −0.067% | $177.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | +0.118% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.266% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,452.5 | −0.077% | $50.0M | $175.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.7 | −0.060% | $213.5M | $781.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453 | −0.040% | $101.8M | $55.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.7 | −0.060% | $161.4M | $273.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,452.1 | −0.104% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | +0.192% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.1 | +0.240% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,457.6 | +0.273% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.2 | +0.179% | $410K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458 | +0.306% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.088% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.5 | −0.072% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,451.8 | −0.120% | $443K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.3 | +0.119% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.9 | −0.048% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.6 | −0.066% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.6 | −0.002% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,452.7 | −0.058% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.2 | −0.097% | $47K | $153K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0106% | 1h | 1,453.9 | +0.020% | $2.4M | $3.8M | 15x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,452.6 | −0.067% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,452.6 | −0.069% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,455.2 | +0.109% | $19.1M | $46.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0275% | 1h | 1,453.5 | −0.006% | $611K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,454.7 | +0.076% | $719K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0360% | 1h | 1,455.4 | +0.123% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,453.2 | −0.029% | $831K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,454.2 | +0.045% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0690% | 1h | 1,456.6 | +0.207% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Hyperliquid ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD