Funding you earn now, next payment 22:00 UTC−0.0514%/8h= −56.3% APRnext payment −$0.64 per $10,000 · paid last 24h −0.030%
Price spread now: Deribit against Arcus−0.051%7-day average +0.039% · 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−$36as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 3 days (all we have)−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.834%+$83 · spread now −0.051%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.091% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.027% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.64 per $10,000. 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 | 1,455.3 | 0.0518 | pay 0.0065% / 1h | 44m 10s | $755K | $7.8M | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,454.6 | 0.0005 | get 0.0001% / 1h | 44m 10s | $566K | $1.3M | 25x |
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$107.91
- Price spread: −0.051% → +0.039%
- −$9.06
- Slippage, 4 orders
- −$15.51
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$143.97
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 5 min ago; Deribit: live order book, 5 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 | 8.4 bp −$8 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 4.12 bp | 7.6 bp −$8 | 15.2 bp −$152 | doesn't fit | doesn't fit |
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 | 1,437.8 | −1.204% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.6 | −0.186% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,453.5 | −0.129% | $17.6M | $44.3M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,451.8 | −0.241% | $28.9M | $74.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0019% | 8h | 1,451.4 | −0.272% | $45.7M | $32.0M | — | as long as short |
| Bybit ZECUSDT | −0.0008% | 8h | 1,453.3 | −0.139% | $269.1M | $674.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.8 | −0.242% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,451.9 | −0.236% | $844K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.8 | −0.177% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0005% | 1h | 1,454.6 | −0.051% | $566K | $1.3M | 25x |
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 ZECShow 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 | 1,453.6 | −0.117% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,453.7 | −0.116% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0036% / S +0.0067% | 1h | 1,453.4 | −0.132% | $544K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0044% | 8h | 1,453.9 | −0.099% | $171.9M | $1.36B | 50x | as long as short |
| Aster ZECUSDT | +0.0062% | 8h | 1,453.6 | −0.118% | $15.3M | $35.1M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,453.7 | −0.112% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0066% | 8h | 1,453.2 | −0.145% | $49.2M | $185.7M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0074% | 1h | 1,449.7 | −0.387% | $394K | $517K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454 | −0.089% | $17K | $878K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,454.9 | −0.031% | $18.7M | $53.9M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.6 | −0.120% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.6 | −0.116% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.4 | −0.134% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.4 | −0.064% | $752.1M | $495.1M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.1 | −0.152% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.9 | −0.097% | $659.2M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | −0.026% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453.9 | −0.098% | $219.2M | $883.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.6 | −0.119% | $103.7M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.7 | −0.111% | $161.9M | $314.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,452.5 | −0.192% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.4 | −0.202% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.5 | −0.123% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.3 | −0.209% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.2 | −0.214% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.4 | −0.202% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.2 | −0.147% | $298K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453.3 | −0.137% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.5 | −0.197% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.4 | +0.076% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,453.6 | −0.118% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.5 | −0.195% | $2.4M | $24.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.5 | −0.124% | $3.7M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.8 | −0.172% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.7 | −0.115% | $36K | $362K | 20x | as long as short |
| Extended ZEC-USD | +0.0168% | 1h | 1,453.8 | −0.103% | $3.3M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.1 | −0.085% | $863K | $2.5M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,455.4 | +0.007% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0449% | 1h | 1,453.7 | −0.112% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USDlong | +0.0518% | 1h | 1,455.3 | long leg | $755K | $7.8M | 10x | |
| Lighter RH ZEC | +0.0736% | 1h | 1,455.8 | +0.030% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Aster ZECUSDT
01 Exchange ZECUSD
Gate ZEC_USDT
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
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
Phoenix ZEC
Aevo ZEC-PERP
Extended ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC