Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.024%
Price spread now: Nado against Orderly−0.019%7-day average +0.023% · 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)+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now −0.019%, 7d avg +0.023%
=Together, before fees−0.099%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.042% cheaper against Orderly than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.023%). If the spread goes back, that is −$4 on $10k: about 5.0 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.090% in total) that is about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZEC_USDC | 1,483 | 0.0072 | pay 0.0072% / 8h | 1h 50m | $298K | $1.1M | 20x |
| Short | Nado ZEC-PERP | 1,482.7 | 0.0100 | get 0.0012% / 1h | 50m 44s | $2.8M | $6.6M | 10x |
Orderly PERP_ZEC_USDC
Nado ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Orderly. 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
- $5.83
- Price spread: −0.019% → +0.023%
- −$4.17
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$11.34
- Costs to cover
- 0.130%
- Break-even
- 20.6 days
Slippage unknown: Orderly: no order-book sample; Nado: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 3 min ago | 0.30 bp | 4.4 bp −$4 | 10.9 bp −$109 | 41.4 bp −$4,135 | doesn't fit |
Orderly: 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 | −0.3684% | 1h | 1,491.6 | +0.579% | $34K | $273K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0140% | 1h | 1,485.7 | +0.183% | $411K | $932K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0117% | 8h | 1,483 | +0.002% | $30.6M | $73.6M | 75x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | +0.516% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,483.1 | +0.008% | $18.0M | $46.4M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,485.8 | +0.191% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,484.9 | +0.129% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,483.6 | +0.038% | $1.6M | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,482.4 | −0.042% | $61K | $294K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,483.1 | +0.007% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDClong | +0.0072% | 8h | 1,483 | long leg | $298K | $1.1M | 20x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,483.1 | +0.006% | $157K | $1.7M | 50x | as long as short |
| Nado ZEC-PERPshort | +0.0100% | 1h | 1,482.7 | −0.019% | $2.8M | $6.6M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,485.1 | +0.144% | $14.1M | $30.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,484.6 | +0.110% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,485.5 | +0.168% | $691.8M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,486 | +0.200% | $270.1M | $627.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,486.3 | +0.219% | $179.9M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,487 | +0.270% | $405K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,485.6 | +0.173% | $54.0M | $179.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,485 | +0.132% | $232.9M | $774.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,484.8 | +0.124% | $102.0M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,486.6 | +0.241% | $160.4M | $287.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,484.1 | +0.076% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,484.7 | +0.112% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,483 | −0.001% | $48.4M | $33.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,488.1 | +0.346% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,485.4 | +0.161% | $3.1M | $477K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,486.2 | +0.215% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,482.6 | −0.027% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,483.4 | +0.026% | $163K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,482.2 | −0.051% | $453K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,485.3 | +0.154% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,483.3 | +0.018% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,482.8 | −0.017% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,483.7 | +0.049% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,482 | −0.071% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,482.9 | −0.009% | $11K | $862K | 10x | as long as short |
| Hyperliquid ZEC | +0.0103% | 1h | 1,488 | +0.337% | $772.8M | $439.7M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,485 | +0.134% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,483.3 | +0.022% | $45K | $149K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,483.1 | +0.007% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0120% / S −0.0104% | 1h | 1,483.1 | +0.006% | $430K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,482.7 | −0.021% | $927K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,490.8 | +0.528% | $4.7M | $1.4M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,485.8 | +0.189% | $621K | $8.6M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0248% | 1h | 1,489.5 | +0.442% | $48K | $63K | 10x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,484.5 | +0.101% | $19.4M | $45.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0276% | 1h | 1,484.1 | +0.075% | $706K | $1.4M | 25x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,484.8 | +0.124% | $2.1M | $7.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,484.8 | +0.121% | $3.6M | $9.9M | 50x | as long as short |
Popdex ZECUSDT
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Hyperliquid ZEC
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Phoenix ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX