Funding you earn now, next payment 22:00 UTC−0.0423%/8h= −46.3% APRpaid last 24h −0.032%
Price spread now: Binance against Arcus−0.002%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 3 days (all we have)−0.075%−$8 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now −0.002%, 7d avg −0.042%
=The price spread pays, funding is against you. Binance is 0.041% dearer against Arcus than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.042%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.075% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.075% in total (about -8.3% 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 | Arcus ZEC-USD | 1,455.4 | 0.0518 | pay 0.0065% / 1h | 55m 02s | $754K | $7.8M | 10x |
| Short | Binance ZECUSDT | 1,455.4 | 0.0096 | get 0.0096% / 8h | 2h 55m | $662.3M | $2.55B | 75x |
Arcus ZEC-USD
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. 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
- −$88.79
- Price spread: −0.002% → −0.042%
- $4.07
- Slippage, 4 orders
- −$12.25
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$111.47
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Binance: live order book, 4 min ago.
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 Arcus live order book, 4 min ago | 0.17 bp | 6.3 bp −$6 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.03 bp | 5.1 bp −$5 | 6.8 bp −$68 | 11.0 bp −$1,098 | 22.8 bp −$11.4K |
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 | −0.3476% | 1h | 1,437.6 | −1.221% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452 | −0.233% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,454.9 | −0.034% | $17.6M | $44.9M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0065% | 8h | 1,454.9 | −0.032% | $29.2M | $76.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,451.4 | −0.275% | $45.5M | $32.3M | — | as long as short |
| Bybit ZECUSDT | −0.0016% | 8h | 1,453.1 | −0.154% | $268.8M | $677.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.4 | −0.137% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.2 | −0.084% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.7 | −0.119% | $82K | $400K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0006% | 8h | 1,455.4 | 0.000% | $292K | $1.5M | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.5 | +0.007% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,452.7 | −0.186% | $172.9M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,454 | −0.098% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0041% / S +0.0061% | 1h | 1,455.3 | −0.008% | $536K | — | 100x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,450.4 | −0.345% | $4.6M | $1.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0050% | 8h | 1,455 | −0.028% | $15.1M | $35.3M | 75x | as long as short |
| Gate ZEC_USDT | +0.0066% | 8h | 1,455 | −0.024% | $49.3M | $184.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0094% | 8h | 1,456 | +0.043% | $219.2M | $878.3M | 150x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.2 | −0.079% | $17K | $886K | 10x | as long as short |
| Binance ZECUSDTshort | +0.0096% | 8h | 1,455.4 | −0.002% | $662.3M | $2.55B | 75x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.1 | −0.086% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453 | −0.164% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455 | −0.024% | $3.0M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.4 | +0.001% | $754.0M | $509.1M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.6 | −0.125% | $1.6M | $3.1M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.9 | −0.377% | $393K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454.9 | −0.034% | $896K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.3 | −0.003% | $103.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.8 | −0.175% | $162.4M | $317.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,454.1 | −0.088% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.3 | +0.061% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | −0.310% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.2 | −0.215% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.5 | −0.335% | $705K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.1 | −0.292% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.8 | −0.040% | $299K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.1 | −0.017% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.1 | −0.089% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.4 | +0.068% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455.2 | −0.011% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.3 | −0.211% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454.9 | −0.031% | $3.7M | $5.5M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.5 | +0.010% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,456.3 | +0.061% | $18.9M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.1 | −0.089% | $863K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0400% | 1h | 1,453.1 | −0.158% | $3.3M | $7.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0419% | 1h | 1,456.4 | +0.069% | $570K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,458.3 | +0.200% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0463% | 1h | 1,454.4 | −0.070% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USDlong | +0.0518% | 1h | 1,455.4 | long leg | $754K | $7.8M | 10x | |
| Lighter RH ZEC | +0.0624% | 1h | 1,457.3 | +0.134% | $2.0M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Aster ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Extended ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC