ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0364%/8h= −39.9% APRnext payment −$0.46 per $10,000 · paid last 24h −0.053%

Price spread now: Ondo Perps against Arcus−0.228%7-day average −0.078% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.228%, 7d avg −0.078%

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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Ondo Perps is 0.150% cheaper against Arcus than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.078%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.064% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 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	1,475.1	0.0100	pay 0.0013% / 1h	3m 57s	$697K	$8.4M	10x
Short	Ondo Perps ZEC-USD.P	1,471.7	−0.0264	pay 0.0033% / 1h	3m 57s	$399K	$521K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.228%Rate

Funding earned: −$76.44
Price spread: −0.228% → −0.078%: −$15.03
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$100.97
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 5 min ago; Ondo Perps: 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, 5 min ago	0.00 bp	7.1 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.3089%	1h	1,473.7	−0.090%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.Pshort	−0.0264%	1h	1,471.7	−0.228%	$399K	$521K	5x
Kraken Futures PF_ZECUSD	−0.0224%	1h	1,474.4	−0.045%	$17.9M	$44.0M	25x	as long as short
Bybit ZECUSDT	−0.0116%	8h	1,473.7	−0.091%	$275.3M	$650.9M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.4	−0.183%	$29.6M	$74.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.6	−0.099%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0062%	8h	1,470.9	−0.282%	$47.7M	$34.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.5	−0.106%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.7	−0.026%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.5	−0.105%	$84K	$406K	10x	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	1,474.7	−0.025%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,474.1	−0.067%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,474.1	−0.068%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	−0.126%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0035%	1h	1,472.7	−0.160%	$432K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,474.1	−0.068%	$182.1M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,474.7	−0.028%	$51.3M	$188.0M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474.6	−0.031%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.9	+0.056%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.8	−0.083%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,474.4	−0.047%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,474	−0.073%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.8	−0.021%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.6	+0.036%	$764.5M	$472.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474	−0.069%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.5	−0.040%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.4	−0.045%	$684.6M	$2.45B	75x	as long as short
Arcus ZEC-USDlong	+0.0100%	1h	1,475.1	long leg	$697K	$8.4M	10x
Bulk ZEC-USD	+0.0100%	1h	1,472.8	−0.155%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.2	−0.056%	$228.4M	$846.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.4	−0.042%	$104.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.6	−0.035%	$164.0M	$301.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473	−0.139%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.1	−0.199%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.4	−0.044%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.8	−0.156%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474	−0.072%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.2	−0.056%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.6	−0.167%	$459K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.5	+0.097%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.1	−0.065%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473	−0.140%	$2.5M	$22.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.4	−0.048%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.6	−0.031%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.5	−0.035%	$37K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0111%	1h	1,475.2	+0.010%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,474.8	−0.019%	$838K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0393%	1h	1,475.1	+0.005%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,476.5	+0.095%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0448%	1h	1,476.6	+0.101%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0769%	1h	1,474.2	−0.057%	$46K	$47K	10x	as long as short