Funding you earn now, next payment 09:00 UTC+0.0368%/8h= +40.3% APRnext payment +$0.46 per $10,000 · paid last 24h +0.055%
Price spread now: Backpack against Ondo Perps+0.474%7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 4 days (all we have)−0.379%−$38 · spread now +0.474%, 7d avg +0.059%
=Together, before fees−0.662%+ Points / potential airdropOndo Perps: Active · farm board−$66 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Backpack is 0.415% dearer against Ondo Perps than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.059%. Mind the row above: over the last 7 days funding on this pair cost −0.283%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps ZEC-USD.P | 1,509.5 | 0.0100 | pay 0.0013% / 1h | 52m 19s | $413K | $553K | 5x |
| Short | Backpack ZEC_USDC_PERP | 1,516.7 | 0.0468 | get 0.0058% / 1h | 52m 19s | $2.4M | $3.8M | 15x |
Ondo Perps ZEC-USD.P
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Ondo Perps. 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
- $77.23
- Price spread: +0.474% → +0.059%
- $41.47
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $103.7
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Backpack: live order book, 2 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.03 bp | 5.2 bp −$5 | 11.3 bp −$113 | doesn't fit | doesn't fit |
Ondo Perps: 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 | 1,494.3 | −1.006% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | +0.382% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,512.8 | +0.217% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0163% | 8h | 1,517.2 | +0.507% | $31.8M | $77.1M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0124% | 1h | 1,514.6 | +0.339% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,516.6 | +0.472% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.4 | +0.455% | $421K | $34K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,517.9 | +0.554% | $8K | $6K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,517.4 | +0.526% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,516 | +0.429% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,516 | +0.434% | $18.3M | $47.8M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0058% | 1h | 1,517 | +0.494% | $693K | $1.4M | 25x | as long as short |
| Gate ZEC_USDT | +0.0069% | 8h | 1,517.1 | +0.501% | $60.1M | $183.2M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,514.7 | +0.341% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,516.6 | +0.470% | $306K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,516.6 | +0.471% | $19.6M | $44.4M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,517 | +0.498% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,517.6 | +0.537% | $173K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,517.2 | +0.511% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,517 | +0.498% | $16K | $901K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,517.8 | +0.553% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,517.7 | +0.543% | $794.0M | $446.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,515.2 | +0.380% | $14.2M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,517.8 | +0.551% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,515.9 | +0.422% | $716.1M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,515.3 | +0.387% | $273.3M | $629.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,516.6 | +0.470% | $183.5M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.Plong | +0.0100% | 1h | 1,509.5 | long leg | $413K | $553K | 5x | |
| Arcus ZEC-USD | +0.0100% | 1h | 1,517.6 | +0.536% | $597K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,516 | +0.428% | $415.3M | $826.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,517.7 | +0.543% | $103.6M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,516.4 | +0.457% | $163.8M | $294.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,515.6 | +0.403% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,509.2 | −0.021% | $49.7M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,512.9 | +0.226% | $580K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,519.6 | +0.670% | $3.1M | $519K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,517.6 | +0.533% | $417K | $950K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,514.6 | +0.337% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,517.6 | +0.537% | $377K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,517.2 | +0.511% | $169K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,512.3 | +0.186% | $452K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,519.1 | +0.633% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,515.8 | +0.414% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,515.8 | +0.417% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,516.3 | +0.448% | $4.1M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,516.3 | +0.448% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,516 | +0.428% | $43K | $150K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0153% / S −0.0154% | 1h | 1,513.9 | +0.294% | $336K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,517.7 | +0.542% | $967K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,516.3 | +0.452% | $3.7M | $9.9M | 50x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0468% | 1h | 1,516.7 | +0.474% | $2.4M | $3.8M | 15x |
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
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
Arcus ZEC-USD
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX