Funding you earn now, next payment 02:22 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.016%
Price spread now: GMX against Perpl+0.238%57s7-day average +0.089% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)+0.627%+$63 · spread now +0.238%, 7d avg +0.089%
=Together, before fees+0.708%+ Points / potential airdropPerpl: Active · farm board+$71 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and GMX is 0.148% dearer against Perpl than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.089%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,453.2 | 0 | get 0.0000% / 43m | 40m 26s | $83K | $241K | 10x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,456.6 | L +0.0061% / S −0.0011% | get 0.0001% / 1h | 9m 26s | $409K | — | 100x |
Perpl ZEC
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $2.31
- Price spread: +0.238% → +0.089%
- $14.85
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$8.65
- Costs to cover
- 0.258%
- Break-even
- 33.2 days
Slippage unknown: Perpl: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample | — | — | — | — | — |
Perpl and GMX: 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 | −0.3244% | 1h | 1,441.1 | −0.827% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0084% | 8h | 1,457.8 | +0.319% | $29.4M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.2 | +0.071% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.8 | +0.043% | $409K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,457.7 | +0.314% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,453.2 | long leg | $83K | $241K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.9 | −0.019% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0052% | 8h | 1,456.8 | +0.250% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0061% / S −0.0011% | 1h | 1,456.6 | +0.238% | $409K | — | 100x | |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | +0.126% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.7 | +0.035% | $172K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,453.4 | +0.015% | $13K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454 | +0.060% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.9 | +0.053% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.1 | +0.065% | $755.6M | $433.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,453.4 | +0.014% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.5 | +0.026% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.6 | +0.033% | $666.5M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,452.6 | −0.039% | $262.3M | $605.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453 | −0.010% | $177.7M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | +0.148% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.296% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.7 | +0.035% | $50.1M | $175.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.9 | −0.018% | $213.8M | $781.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.1 | −0.005% | $101.8M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.1 | −0.001% | $161.4M | $273.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.9 | +0.051% | — | $96.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | +0.222% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.1 | +0.270% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,457.6 | +0.303% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.2 | +0.209% | $410K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458 | +0.337% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.8 | −0.024% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453 | −0.013% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.8 | +0.181% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.7 | +0.448% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.3 | +0.287% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.3 | +0.286% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.2 | +0.281% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,453.6 | +0.032% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.7 | +0.245% | $47K | $153K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0109% | 1h | 1,457.3 | +0.283% | $2.4M | $3.8M | 15x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,453.6 | +0.033% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,457.1 | +0.269% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,454.6 | +0.100% | $19.1M | $46.7M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,455.2 | +0.144% | $711K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,455.6 | +0.170% | $2.0M | $6.9M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0405% | 1h | 1,457.7 | +0.316% | $613K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,454 | +0.058% | $832K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,458.4 | +0.363% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0692% | 1h | 1,457.3 | +0.288% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Backpack ZEC_USDC_PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD