Funding you earn now, next payment 08:07 UTC+0.0453%/8h= +49.6% APRpaid last 24h +0.004%
Price spread now: gTrade (Gains Network) against Perpl+0.005%7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.005%, 7d avg +0.053%
=Together, before fees+0.093%+ Points / potential airdropPerpl: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. gTrade (Gains Network) is 0.048% cheaper against Perpl than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). At the pace of the last 4 days (+0.120% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.120% in total (about 12.4% a year). A funding rate is set anew for every payment. 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 | Perpl ZEC | 1,508.6 | −0.0447 | get 0.0040% / 43m | 40m 12s | $62K | $305K | 10x |
| Short | gTrade (Gains Network) ZEC/USD | 1,508.6 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 25m 12s | $5.4M | — | 150x |
Perpl ZEC
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Perpl. 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
- $95.08
- Price spread: +0.005% → +0.053%
- −$4.79
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $66.49
- Costs to cover
- 0.238%
- Break-even
- 2.1 days
Slippage unknown: Perpl: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 4 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 Perpl no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 130.05 bp | 135.1 bp −$135 | 584.7 bp −$5,847 | doesn't fit | doesn't fit |
Perpl: 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 | 1,488.8 | −1.307% | $36K | $275K | 12x | as long as short |
| Perpl ZEClong | −0.0447% | 43m | 1,508.6 | long leg | $62K | $305K | 10x | |
| Aftermath Perps ZECUSD | −0.0220% | 1h | 1,505.8 | −0.184% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0162% | 8h | 1,508.3 | −0.017% | $31.8M | $76.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,509.6 | +0.069% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,509.6 | +0.071% | $419K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,509.5 | +0.062% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,508.6 | +0.005% | $5.4M | — | 150x | |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,508.8 | +0.018% | $18.4M | $47.6M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,509.1 | +0.038% | $8K | $6K | 5x | as long as short |
Injective ZEC/USDC PERP
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Kraken Futures PF_ZECUSD
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0075% | 1h | 1,509 | +0.030% | $691K | $1.3M | 25x | as long as short |
| Gate ZEC_USDT | +0.0081% | 8h | 1,508.2 | −0.021% | $60.9M | $186.7M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,504.2 | −0.290% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,508.1 | −0.027% | $304K | $860K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,509.6 | +0.068% | $19.5M | $45.2M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,509.6 | +0.070% | $2.1M | $7.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,509.3 | +0.050% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,508.8 | +0.016% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,508.9 | +0.021% | $16K | $893K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,509.6 | +0.067% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,509.6 | +0.071% | $789.6M | $447.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,508 | −0.035% | $14.2M | $30.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,509.5 | +0.060% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,508.3 | −0.019% | $711.6M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,507.5 | −0.073% | $271.4M | $618.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,508 | −0.040% | $184.4M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,508.5 | −0.003% | $409K | $549K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,509.6 | +0.069% | $597K | $9.0M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.318% | $774K | $147K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,508.3 | −0.015% | $406.7M | $837.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,508.3 | −0.019% | $103.2M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,508.1 | −0.027% | $163.1M | $295.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,508.2 | −0.024% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.5 | −0.139% | $49.9M | $35.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.6 | −0.261% | $555K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,504 | −0.298% | $3.1M | $541K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.9 | −0.239% | $413K | $952K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,508.3 | −0.019% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,510 | +0.096% | $375K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,508.9 | +0.025% | $169K | $192K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502 | −0.433% | $449K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,511.4 | +0.190% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,508.4 | −0.010% | $255K | $3.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,508.7 | +0.013% | $2.7M | $21.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,508.8 | +0.019% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,508.1 | −0.032% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,508.2 | −0.022% | $45K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,509.4 | +0.055% | $954K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0161% / S −0.0166% | 1h | 1,508.6 | +0.004% | $335K | — | 100x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0220% | 1h | 1,508.5 | −0.001% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,511.2 | +0.173% | $3.8M | $10.1M | 50x | as long as short |
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
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk 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
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX