ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.036%

Price spread now: Bullet against Arcus−0.176%47s7-day average −0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.214% of the position

Long on Arcus Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+2.016%+$202 · spread now −0.176%, 7d avg −0.015%

Together, before fees+1.963%+$196 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bullet is 0.161% cheaper against Arcus than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.015%). Swap the legs. The two prices were read 47 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	Arcus ZEC-USD	1,477	0.0254	pay 0.0032% / 1h	28m 45s	$687K	$8.7M	10x
Short	Bullet ZEC-USD	1,474.4	0.0100	get 0.0013% / 1h	28m 45s	$128K	$159K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ArcusbpFee BulletbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$32.42
Price spread: −0.176% → −0.015%: −$16.13
Slippage, 4 orders: −$8.92
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$69.98
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Bullet: live order book, 40 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, 5 min ago	0.00 bp	2.6 bp −$3	6.3 bp −$63	doesn't fit	doesn't fit
Sell Bullet live order book, 40 min ago	0.31 bp	5.8 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,477.1	+0.005%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,478.6	+0.104%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0006%	1h	1,473.7	−0.226%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,474	−0.208%	$18.1M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.7	−0.160%	$415K	$55K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,476.9	−0.009%	$977K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476	−0.072%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.1	−0.196%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,474	−0.205%	$294K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0040%	8h	1,476.4	−0.045%	$48.0M	$33.0M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,474.3	−0.184%	$386K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,476.6	−0.032%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,478.2	+0.080%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,475.7	−0.091%	$181.2M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.3	−0.051%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,476.2	−0.055%	$16K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475.9	−0.074%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476.6	−0.030%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.5	−0.104%	$767.9M	$445.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,475.1	−0.130%	$14.9M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.4	−0.111%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,475.7	−0.093%	$681.6M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,475.6	−0.095%	$272.1M	$620.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.444%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,474.5	−0.171%	$50.2M	$175.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,475.8	−0.081%	$216.1M	$799.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.6	−0.162%	$103.7M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.8	−0.152%	$163.8M	$284.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.6	−0.168%	—	$101.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.8	−0.019%	$575K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473	−0.273%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	−0.013%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478	+0.068%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476	−0.070%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USDshort	+0.0100%	1h	1,474.4	−0.176%	$128K	$159K	20x
Derive ZEC-PERP	+0.0100%	1h	1,472.6	−0.299%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,478.3	+0.087%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474	−0.204%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475	−0.138%	$2.5M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.1	−0.201%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.8	−0.149%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.1	−0.199%	$48K	$162K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0136%	1h	1,474.8	−0.153%	$614K	$1.3M	25x	as long as short
Arcus ZEC-USDlong	+0.0254%	1h	1,477	long leg	$687K	$8.7M	10x
Lighter ZEC	+0.0256%	1h	1,476.5	−0.038%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0304%	1h	1,476.5	−0.038%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,477.2	+0.012%	$869K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,475.9	−0.074%	$3.6M	$9.5M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0512%	1h	1,474	−0.205%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0725%	1h	1,475	−0.141%	$44K	$46K	10x	as long as short