Funding you earn now, next payment 03:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.45 per $10,000 · paid last 24h +0.009%
Price spread now: Deribit against Ondo Perps+0.082%7-day average +0.115% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now +0.082%, 7d avg +0.115%
=Together, before fees−0.008%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.033% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.082% now, against its 7-day average of +0.115%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. 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 | Ondo Perps ZEC-USD.P | 1,465.5 | −0.0129 | get 0.0016% / 1h | 55m 41s | $397K | $440K | 5x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,466.7 | 0.0227 | get 0.0028% / 1h | 55m 41s | $610K | $1.3M | 25x |
Ondo Perps ZEC-USD.P
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $74.76
- Price spread: +0.082% → +0.115%
- −$3.28
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $59.48
- Costs to cover
- 0.120%
- Break-even
- 1.4 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 3 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 Deribit live order book, 3 min ago | 3.95 bp | 7.5 bp −$7 | 14.8 bp −$148 | 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 50 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 | 1,469.5 | +0.275% | $34K | $272K | 12x | as long as short |
| Ondo Perps ZEC-USD.Plong | −0.0129% | 1h | 1,465.5 | long leg | $397K | $440K | 5x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.6 | +0.010% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.7 | +0.016% | $413K | $47K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466.9 | +0.093% | $970K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.8 | −0.047% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.5 | +0.065% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0033% | 8h | 1,465.9 | +0.029% | $293K | $983K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,465.8 | +0.018% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,465.7 | +0.012% | $383K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0070% | 1h | 1,469.6 | +0.281% | $4.6M | $1.4M | 10x | as long as short |
| Variational Omni ZEC | +0.0084% | 8h | 1,465.1 | −0.030% | $47.8M | $32.1M | — | as long as short |
| OKX ZEC-USDT-SWAP | +0.0096% | 8h | 1,461.9 | −0.247% | $180.2M | $1.23B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465.4 | −0.005% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,464.9 | −0.044% | $17K | $839K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.8 | +0.021% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.8 | +0.018% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,463.4 | −0.143% | $762.8M | $435.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463 | −0.169% | $14.6M | $28.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.7 | +0.011% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.9 | −0.247% | $675.7M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,461.7 | −0.262% | $271.1M | $604.6M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,466.6 | +0.074% | $890K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,463.4 | −0.147% | $50.0M | $169.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.3 | −0.149% | $215.8M | $768.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.2 | −0.157% | $102.9M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.214% | $162.5M | $275.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,462.8 | −0.182% | — | $97.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | +0.173% | $571K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.2 | +0.251% | $3.0M | $430K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.2 | +0.249% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.9 | +0.165% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,465.2 | −0.020% | $343K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,465.5 | +0.001% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.6 | −0.064% | $447K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.7 | +0.149% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466 | +0.033% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465.7 | +0.013% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.7 | −0.053% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,463.3 | −0.148% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.8 | +0.020% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,463.3 | −0.149% | $19.1M | $45.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0136% | 1h | 1,464.2 | −0.087% | $2.1M | $6.8M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0194% | 1h | 1,465.9 | +0.025% | $18.0M | $43.7M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0211% | 1h | 1,464.7 | −0.055% | $2.4M | $3.8M | 15x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0227% | 1h | 1,466.7 | +0.082% | $610K | $1.3M | 25x | |
| Arcus ZEC-USD | +0.0277% | 1h | 1,467.2 | +0.115% | $701K | $8.5M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,466.1 | +0.041% | $851K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,466.5 | +0.070% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0733% | 1h | 1,467.9 | +0.167% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Variational Omni ZEC
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Lighter RH ZEC
Kraken Futures PF_ZECUSD
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD