Funding you earn now, next payment 00:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h +0.016%
Price spread now: Variational Omni against Orderly−0.252%7-day average −0.069% · 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)+0.071%+$7 on $10k
+Price spread, last 3 days (all we have)−0.588%−$59 · spread now −0.252%, 7d avg −0.069%
=Together, before fees−0.517%+ Points / potential airdropVariational Omni: Active · farm board−$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.182% cheaper against Orderly than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.069%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZEC_USDC | 1,472.3 | 0.0010 | pay 0.0010% / 8h | 42m 55s | $294K | $1.4M | 20x |
| Short | Variational Omni ZEC | 1,468.6 | −0.0043 | pay 0.0043% / 8h | 42m 55s | $46.8M | $33.7M | — |
Orderly PERP_ZEC_USDC
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$11.14
- Price spread: −0.252% → −0.069%
- −$18.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$35.39
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago | 2.79 bp | doesn't fit | 5.3 bp −$53 | 17.4 bp −$1,738 | 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 | −0.3089% | 1h | 1,471.5 | −0.056% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,472 | −0.023% | $17.9M | $44.3M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0198% | 1h | 1,468.5 | −0.259% | $398K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,472 | −0.023% | $29.6M | $75.4M | 75x | as long as short |
| ApeX Omni ZECUSDT | −0.0097% | 1h | 1,469.5 | −0.194% | $431K | $831K | 50x | as long as short |
| Bybit ZECUSDT | −0.0096% | 8h | 1,471.3 | −0.066% | $274.8M | $657.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.3 | −0.135% | $6K | $2K | 10x | as long as short |
| Variational Omni ZECshort | −0.0043% | 8h | 1,468.6 | −0.252% | $46.8M | $33.7M | — | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.2 | −0.145% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.4 | −0.063% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
ApeX Omni ZECUSDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,471.2 | −0.075% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.9 | +0.037% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDClong | +0.0010% | 8h | 1,472.3 | long leg | $294K | $1.4M | 20x | |
| Phoenix ZEC | +0.0024% | 1h | 1,470.7 | −0.112% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,471.4 | −0.065% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,472 | −0.019% | $180.7M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,472.2 | −0.005% | $51.4M | $185.6M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,472.7 | +0.029% | $372K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0079% | 1h | 1,473 | +0.047% | $614K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.8 | +0.099% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.1 | −0.084% | $177K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,470.8 | −0.101% | $13K | $838K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.1 | −0.153% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.4 | +0.073% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.2 | +0.060% | $763.7M | $475.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.3 | +0.001% | $15.1M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.2 | −0.141% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.4 | +0.008% | $682.7M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472 | −0.018% | $723K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.021% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.1 | −0.014% | $230.0M | $834.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.5 | +0.013% | $103.9M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.4 | +0.005% | $163.0M | $302.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.4 | +0.003% | — | $102.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.5 | −0.193% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.7 | −0.175% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.073% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472 | −0.021% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.006% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.8 | −0.103% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.6 | +0.020% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.7 | −0.041% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.046% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.4 | +0.007% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.4 | +0.009% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.3 | +0.002% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.6 | −0.047% | $825K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.6 | +0.018% | $3.8M | $10.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0437% | 1h | 1,473.5 | +0.077% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0520% | 1h | 1,474 | +0.117% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0671% | 1h | 1,472.8 | +0.033% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD