ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.027%

Price spread now: Nado against Arcus−0.114%7-day average −0.005% · 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−$32as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.114%, 7d avg −0.005%

Together, before fees+0.045%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Nado is 0.109% cheaper against Arcus than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.033% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.52 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	1,447.5	0.0518	pay 0.0065% / 1h	33m 21s	$768K	$7.9M	10x
Short	Nado ZEC-PERP	1,445.9	0.0100	get 0.0012% / 1h	33m 21s	$2.4M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.114%Rate

Funding earned: −$87.87
Price spread: −0.114% → −0.005%: −$10.91
Slippage, 4 orders: −$9.29
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$119.57
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; Nado: live order book, 1 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, 1 min ago	0.52 bp	4.9 bp −$5	9.8 bp −$98	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.04 bp	5.9 bp −$6	13.2 bp −$132	44.8 bp −$4,478	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	1,438.5	−0.624%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,445.3	−0.154%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,444.5	−0.212%	$17.6M	$44.5M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450	+0.171%	$28.8M	$74.7M	75x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.108%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,445.1	−0.166%	$407K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,448.6	+0.071%	$905K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,444.7	−0.194%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,445.3	−0.152%	$588K	$1.3M	25x	as long as short
Bybit ZECUSDT	+0.0005%	8h	1,444.2	−0.234%	$266.3M	$676.1M	75x	as long as short

Show 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	1,445.1	−0.169%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,444.9	−0.186%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0029% / S +0.0070%	1h	1,444.7	−0.194%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0054%	8h	1,444.7	−0.198%	$171.1M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0071%	8h	1,444.5	−0.208%	$49.4M	$187.8M	75x	as long as short
Aster ZECUSDT	+0.0076%	8h	1,445.5	−0.140%	$15.2M	$34.7M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,445.6	−0.137%	$7K	$8K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,445	−0.179%	$13K	$873K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,446.5	−0.075%	$18.7M	$54.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,445.4	−0.146%	$173K	$2.0M	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0098%	1h	1,448.2	+0.045%	$394K	$518K	5x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,446	−0.108%	$59K	$37K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,445.9	−0.114%	$2.4M	$7.1M	10x
Hyperliquid ZEC	+0.0100%	1h	1,445.5	−0.141%	$747.0M	$493.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,445.5	−0.144%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,445.1	−0.172%	$657.6M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.342%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,445.3	−0.152%	$213.9M	$890.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,445.3	−0.157%	$102.6M	$56.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,444.7	−0.196%	$160.1M	$313.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,443.9	−0.249%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,445.9	−0.111%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.9	+0.161%	$488K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.7	+0.078%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.4	+0.267%	$706K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	+0.185%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,444.9	−0.183%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,444.6	−0.200%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,443.3	−0.291%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,446.5	−0.072%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,444.8	−0.190%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,446.2	−0.096%	$2.4M	$24.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,446.1	−0.099%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	+0.330%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,444.8	−0.191%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,444.9	−0.184%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,446.3	−0.090%	$863K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,448.6	+0.073%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0449%	1h	1,450	+0.173%	$39K	$32K	10x	as long as short
Arcus ZEC-USDlong	+0.0518%	1h	1,447.5	long leg	$768K	$7.9M	10x
Lighter RH ZEC	+0.0696%	1h	1,446.9	−0.043%	$1.9M	$8.4M	10x	as long as short