Funding you earn now, next payment 23:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against Pacifica+0.024%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days+0.301%+$30 on $10k
+Price spread, last 3 days (all we have)+0.469%+$47 · spread now +0.024%, 7d avg +0.060%
=Together, before fees+0.770%+ Points / potential airdropPacifica: Active · farm board+$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.036% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.060%). If the spread goes back, that is −$4 on $10k: about 6.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.301% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZEC | 1,464 | 0.0100 | pay 0.0013% / 1h | 28m 44s | $1.7M | $3.0M | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,464.3 | 0.0120 | get 0.0015% / 1h | 28m 44s | $596K | $1.3M | 25x |
Pacifica ZEC
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Pacifica. 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
- $4.24
- Price spread: +0.024% → +0.060%
- −$3.62
- Slippage, 4 orders
- −$13.72
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.1
- Costs to cover
- 0.287%
- Break-even
- 53.3 days
Slippage from Pacifica: live order book, just now; Deribit: live order book, just now.
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 Pacifica live order book, just now | 1.02 bp | 5.5 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, just now | 4.13 bp | 7.6 bp −$8 | 14.2 bp −$142 | doesn't fit | doesn't fit |
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 | −0.3310% | 1h | 1,463.6 | −0.025% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,463.4 | −0.036% | $17.8M | $45.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0210% | 1h | 1,460.2 | −0.258% | $397K | $513K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,463.4 | −0.040% | $29.3M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.9 | −0.071% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.128% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0054% | 8h | 1,462.6 | −0.095% | $271.3M | $673.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,463 | −0.070% | $46.5M | $33.7M | — | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L −0.0017% / S +0.0093% | 1h | 1,463.4 | −0.036% | $541K | — | 100x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,463.9 | −0.005% | $412K | $104K | 5x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
GMX ZEC/USD [WBTC.b-USDC]
dYdX ZEC-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXZECPERP | 0.0000% | 8h | 1,465.3 | +0.093% | $885K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,463.6 | −0.028% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.7 | −0.016% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,463.5 | −0.032% | $292K | $1.4M | 20x | as long as short |
| ApeX Omni ZECUSDT | +0.0029% | 1h | 1,462.7 | −0.087% | $429K | $821K | 50x | as long as short |
| Gate ZEC_USDT | +0.0048% | 8h | 1,462.9 | −0.074% | $49.8M | $185.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0050% | 8h | 1,463.3 | −0.048% | $176.1M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,463.8 | −0.012% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,464 | −0.001% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,463.1 | −0.059% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,463.5 | −0.029% | $14K | $844K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.6 | −0.026% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.6 | +0.042% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,464.2 | +0.016% | $759.1M | $485.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463.2 | −0.055% | $15.6M | $33.0M | 75x | as long as short |
| Pacifica ZEClong | +0.0100% | 1h | 1,464 | long leg | $1.7M | $3.0M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,463.2 | −0.055% | $674.1M | $2.49B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.1 | −0.057% | $221.1M | $863.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463 | −0.068% | $103.6M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463.5 | −0.032% | $161.9M | $305.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,463.4 | −0.040% | — | $103.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,462.1 | −0.126% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.4 | −0.105% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,464.1 | +0.011% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.1 | −0.059% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.2 | −0.055% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462 | −0.138% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,465.9 | +0.130% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.3 | −0.046% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462.4 | −0.105% | $2.5M | $24.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,463.6 | −0.029% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,463.3 | −0.049% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.9 | −0.001% | $36K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0120% | 1h | 1,464.3 | +0.024% | $596K | $1.3M | 25x | |
| Lighter ZEC | +0.0144% | 1h | 1,465 | +0.069% | $19.0M | $52.6M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0180% | 1h | 1,464.1 | +0.011% | $2.3M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,463.8 | −0.011% | $842K | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0392% | 1h | 1,465.4 | +0.098% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,465.8 | +0.122% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,464.9 | +0.062% | $731K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0556% | 1h | 1,464.4 | +0.030% | $40K | $34K | 10x | as long as short |
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
ApeX Omni ZECUSDT
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Binance ZECUSDT
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
Lighter ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD