Funding you earn now, next payment 03:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.029%
Price spread now: Derive against Arcus−0.172%7-day average −0.096% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+1.526%+$153 · spread now −0.172%, 7d avg −0.096%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Derive is 0.075% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus ZEC-USD | 1,462.1 | 0.0277 | pay 0.0035% / 1h | 17m 12s | $705K | $8.5M | 10x |
| Short | Derive ZEC-PERP | 1,459.6 | 0.0100 | get 0.0013% / 1h | 17m 12s | $446K | $521K | 6.7x |
Arcus ZEC-USD
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$37.19
- Price spread: −0.172% → −0.096%
- −$7.53
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$55.22
- Costs to cover
- 0.105%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 2 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 Arcus live order book, 2 min ago | 0.98 bp | 6.4 bp −$6 | 13.9 bp −$139 | 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 | 1,459.8 | −0.160% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0083% | 8h | 1,461 | −0.074% | $29.3M | $70.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461.6 | −0.039% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,461.3 | −0.055% | $412K | $43K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460 | −0.147% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.4 | −0.052% | $84K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.9 | −0.085% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0049% | 8h | 1,460.8 | −0.092% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,460.8 | −0.090% | $410K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,461.9 | −0.013% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
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 | 1,460.7 | −0.096% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,461.4 | −0.053% | $16K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461.6 | −0.038% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,461.6 | −0.036% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462.4 | +0.019% | $765.0M | $430.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461 | −0.080% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,461.6 | −0.036% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.3 | −0.054% | $669.3M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,461 | −0.080% | $265.4M | $604.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,460.5 | −0.110% | $178.8M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,457.8 | −0.296% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.412% | $882K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,461 | −0.076% | $49.8M | $174.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461 | −0.080% | $214.8M | $778.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.3 | −0.056% | $102.3M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.8 | −0.091% | $162.4M | $272.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,461 | −0.080% | — | $97.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,461.7 | −0.032% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,459 | −0.211% | $47.7M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,458.7 | −0.234% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,460.3 | −0.124% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.4 | −0.184% | $410K | $913K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458.9 | −0.221% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.6 | −0.104% | $332K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461 | −0.079% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,459.6 | −0.172% | $446K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,463.6 | +0.103% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461 | −0.077% | $233K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459.9 | −0.152% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460.8 | −0.088% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.9 | −0.084% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460.4 | −0.117% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0152% | 1h | 1,461.5 | −0.045% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,461 | −0.077% | $18.1M | $44.5M | 25x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,462.6 | +0.035% | $19.2M | $46.7M | 20x | as long as short |
| Arcus ZEC-USDlong | +0.0277% | 1h | 1,462.1 | long leg | $705K | $8.5M | 10x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0286% | 1h | 1,461.3 | −0.054% | $614K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0376% | 1h | 1,462.9 | +0.051% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,461.5 | −0.040% | $836K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,462.7 | +0.038% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0696% | 1h | 1,460 | −0.145% | $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
Backpack ZEC_USDC_PERP
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
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD