Funding you earn now, next payment 04:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h −0.039%
Price spread now: MEXC against Arcus−0.173%7-day average −0.041% · 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−$100.100% of the position
Funding, last 4 days (all we have)−0.093%−$9 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.173%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.132% cheaper against Arcus than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.093% in total (about -9.5% 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 | 1,448.7 | 0.0626 | pay 0.0078% / 1h | 49m 41s | $731K | $8.3M | 10x |
| Short | MEXC ZEC_USDT | 1,446.2 | 0.0100 | get 0.0100% / 8h | 4h 49m | $214.0M | $767.9M | 150x |
Arcus ZEC-USD
MEXC ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$110.39
- Price spread: −0.173% → −0.041%
- −$13.21
- Slippage, 4 orders
- −$5.47
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$133.57
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; MEXC: 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 | 0.57 bp | 6.2 bp −$6 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.03 bp | 0.0 bp $0 | 0.0 bp $0 | 0.4 bp −$42 | 42.0 bp −$21.0K |
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 | −0.3166% | 1h | 1,449.6 | +0.059% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,448.7 | −0.004% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,447.1 | −0.115% | $29.2M | $70.3M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,447 | −0.122% | $407K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,446.4 | −0.159% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,448.6 | −0.008% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,448.9 | +0.011% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0058% | 8h | 1,448.3 | −0.028% | $290K | $958K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0064% / S −0.0014% | 1h | 1,448.8 | +0.007% | $407K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,448.1 | −0.045% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,448.3 | −0.033% | $172K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,447.8 | −0.066% | $10K | $874K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,446.4 | −0.159% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,447.7 | −0.071% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,447.5 | −0.085% | $752.9M | $434.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,446.8 | −0.130% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,446.6 | −0.150% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,446.2 | −0.171% | $663.3M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,445.7 | −0.211% | $261.0M | $602.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,446.5 | −0.153% | $176.8M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.002% | $394K | $443K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,449.4 | +0.049% | $876K | $23K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,446.5 | −0.153% | $49.8M | $172.3M | 75x | as long as short |
| MEXC ZEC_USDTshort | +0.0100% | 8h | 1,446.2 | −0.173% | $214.0M | $767.9M | 150x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,446.2 | −0.173% | $101.8M | $54.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,446.3 | −0.167% | $164.2M | $273.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,446.4 | −0.158% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,448.8 | +0.005% | $2.5M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,447.2 | −0.109% | $47.4M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,449.2 | +0.035% | $564K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.8 | +0.003% | $3.0M | $424K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,448.4 | −0.022% | $407K | $913K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,447.9 | −0.059% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,448 | −0.050% | $365K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,448.5 | −0.015% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,447.4 | −0.092% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,451.3 | +0.179% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,448.1 | −0.046% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,447.5 | −0.086% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,448.3 | −0.030% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,446.7 | −0.137% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,448 | −0.054% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,450.6 | +0.130% | $4.6M | $1.3M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0279% | 1h | 1,447.9 | −0.060% | $17.9M | $44.8M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0324% | 1h | 1,449.2 | +0.031% | $608K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0368% | 1h | 1,447.7 | −0.069% | $19.0M | $45.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,447.9 | −0.058% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,448.5 | −0.016% | $829K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,450.3 | +0.106% | $3.7M | $8.9M | 50x | as long as short |
| Arcus ZEC-USDlong | +0.0626% | 1h | 1,448.7 | long leg | $731K | $8.3M | 10x | |
| Aftermath Perps ZECUSD | +0.0680% | 1h | 1,449.7 | +0.067% | $44K | $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
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD