Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Derive against Phemex−0.117%7-day average −0.098% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.117%, 7d avg −0.098%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,453.6 | 0.0100 | pay 0.0100% / 8h | 5h 09m | $3.8M | $5.1M | 50x |
| Short | Derive ZEC-PERP | 1,451.8 | 0.0100 | get 0.0013% / 1h | 9m 05s | $443K | $521K | 6.7x |
Phemex ZECUSDT
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Phemex. 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
- $0
- Price spread: −0.117% → −0.098%
- −$1.97
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$19.97
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Derive: 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 Phemex live order book, 5 min ago | 3.57 bp | 16.1 bp −$16 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | 1,455.6 | +0.138% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.2 | +0.043% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,453 | −0.035% | $29.3M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.8 | +0.015% | $409K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454 | +0.030% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.2 | −0.028% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.9 | −0.047% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0052% | 8h | 1,452.6 | −0.063% | $291K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,452.8 | −0.054% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | +0.098% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-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 | +0.008% | $172K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,453.4 | −0.012% | $13K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454 | +0.032% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.9 | +0.025% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.5 | +0.065% | $755.8M | $433.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,452.8 | −0.051% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.5 | −0.001% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.7 | +0.008% | $666.5M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,453.2 | −0.023% | $262.4M | $605.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453.6 | 0.000% | $177.7M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | +0.120% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.268% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.1 | −0.031% | $50.0M | $175.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453.3 | −0.019% | $213.5M | $781.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.5 | −0.003% | $101.8M | $55.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.6 | +0.001% | $161.5M | $273.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.8 | +0.014% | — | $96.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | +0.195% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.1 | +0.242% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,457.6 | +0.276% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.2 | +0.181% | $410K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458 | +0.309% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.8 | −0.052% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453 | −0.041% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,451.8 | −0.117% | $443K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.3 | +0.122% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.9 | −0.045% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.6 | −0.063% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,453.6 | long leg | $3.8M | $5.1M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,452.8 | −0.049% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.4 | −0.083% | $47K | $153K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0106% | 1h | 1,453.9 | +0.023% | $2.4M | $3.8M | 15x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,453.6 | +0.006% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,452.6 | −0.067% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,454.3 | +0.049% | $19.1M | $46.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0275% | 1h | 1,453.5 | −0.004% | $611K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,455.2 | +0.116% | $711K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,454.6 | +0.072% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,454 | +0.031% | $832K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,454.2 | +0.047% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0692% | 1h | 1,457.3 | +0.260% | $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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD