ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h −0.016%

Price spread now: Derive against RISEx+0.107%222s7-day average −0.101% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.206%−$21 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.107%, 7d avg −0.101%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Derive is 0.208% dearer against RISEx than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.101%): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 4 days (−0.206% in total) that is about 3.7 days. The two prices were read 222 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	RISEx ZEC/USDC	1,491.5	0.0129	pay 0.0016% / 1h	59m 53s	$939K	$1.1M	10x
Short	Derive ZEC-PERP	1,493.1	0.0100	get 0.0013% / 1h	59m 53s	$456K	$500K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee DerivebpOrdersPrice spread, now +0.107%Rate

Funding earned: −$6.18
Price spread: +0.107% → −0.101%: $20.78
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Derive: 3 bp × 2 orders: −$6
Net: $2.61
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: RISEx: live order book, 4 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 RISEx live order book, 4 min ago	0.84 bp	3.8 bp −$4	9.0 bp −$90	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	−0.3684%	1h	1,481	−0.704%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,490.5	−0.063%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,491.1	−0.025%	$30.8M	$75.0M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,491.8	+0.021%	$18.1M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,493.1	+0.106%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0020%	1h	1,493.6	+0.142%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,490.1	−0.094%	$414K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,491.3	−0.011%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,490.8	−0.042%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0070%	1h	1,492.3	+0.053%	$681K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0081%	8h	1,491.2	−0.021%	$300K	$1.1M	20x	as long as short
Bulk ZEC-USD	+0.0085%	1h	1,492.9	+0.097%	$902K	$7K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,490.9	−0.037%	$170K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,490.9	−0.042%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,491.7	+0.016%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,491.9	+0.030%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,492.2	+0.049%	$779.1M	$447.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,488.3	−0.210%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,491.1	−0.022%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,489.3	−0.144%	$694.2M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,490.5	−0.064%	$267.1M	$629.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,490.2	−0.083%	$181.4M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	+0.176%	$407K	$554K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,491.4	−0.004%	$55.1M	$187.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,489.5	−0.132%	$241.8M	$801.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,490	−0.096%	$102.6M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,489.9	−0.104%	$160.3M	$289.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,489.3	−0.143%	—	$118.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,489.9	−0.105%	$48.8M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.8	+0.221%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,493.7	+0.150%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	+0.275%	$412K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,493.5	+0.135%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,490.7	−0.052%	$357K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,491	−0.034%	$164K	$184K	20x	as long as short
Derive ZEC-PERPshort	+0.0100%	1h	1,493.1	+0.107%	$456K	$500K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,493.5	+0.133%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,491.2	−0.016%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,492	+0.038%	$2.7M	$20.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,491.6	+0.009%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,489.9	−0.104%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,491.3	−0.013%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,491.6	+0.008%	$8K	$7K	5x	as long as short
RISEx ZEC/USDClong	+0.0129%	1h	1,491.5	long leg	$939K	$1.1M	10x
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.343%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0138% / S −0.0135%	1h	1,490.9	−0.042%	$392K	—	100x	as long as short
Lighter RH ZEC	+0.0176%	1h	1,492.8	+0.090%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,492.4	+0.059%	$621K	$8.8M	10x	as long as short
Lighter ZEC	+0.0248%	1h	1,492.9	+0.097%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0264%	1h	1,492.3	+0.055%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,493	+0.102%	$3.7M	$10.1M	50x	as long as short