Funding you earn now, next payment 23:00 UTC−0.0434%/8h= −47.6% APRpaid last 24h −0.055%
Price spread now: Orderly against Arcus−0.066%7-day average −0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)+0.536%+$54 · spread now −0.066%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Orderly is 0.052% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.124% in total (about -13.4% 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 | 1,468.9 | 0.0444 | pay 0.0056% / 1h | 12m 25s | $723K | $8.2M | 10x |
| Short | Orderly PERP_ZEC_USDC | 1,467.9 | 0.0010 | get 0.0010% / 8h | 1h 12m | $293K | $1.4M | 20x |
Arcus ZEC-USD
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$91.24
- Price spread: −0.066% → −0.014%
- −$5.17
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$106.91
- Costs to cover
- 0.105%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 2 min ago; Orderly: 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 | 0.51 bp | 7.2 bp −$7 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.3310% | 1h | 1,467.5 | −0.091% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.6 | −0.084% | $17.8M | $44.5M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0246% | 1h | 1,464.9 | −0.270% | $397K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,467.8 | −0.072% | $29.3M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.6 | −0.087% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0071% | 8h | 1,467.3 | −0.106% | $271.6M | $666.0M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,463.6 | −0.359% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.1 | −0.052% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.7 | −0.078% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.7 | −0.079% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
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 | 1,468.4 | −0.035% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0010% | 8h | 1,467.9 | −0.066% | $293K | $1.4M | 20x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,468.2 | −0.045% | $356K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0042% | 8h | 1,467.7 | −0.078% | $177.4M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0043% | 8h | 1,467.8 | −0.070% | $50.0M | $187.0M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,468.5 | −0.028% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,465.1 | −0.256% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0079% | 1h | 1,463.2 | −0.389% | $429K | $824K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.9 | −0.063% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,468.5 | −0.025% | $14K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467 | −0.126% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.6 | −0.016% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469 | +0.009% | $762.1M | $479.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.1 | −0.051% | $15.6M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.9 | −0.063% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468 | −0.061% | $677.2M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.335% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.9 | −0.065% | $222.6M | $869.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.9 | −0.067% | $103.7M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.9 | −0.064% | $162.8M | $303.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,467.8 | −0.070% | — | $102.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464 | −0.332% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.3 | −0.311% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.2 | −0.115% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.072% | $346K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.9 | −0.064% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.1 | −0.188% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.1 | +0.084% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.072% | $223K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467 | −0.127% | $2.5M | $23.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.7 | −0.079% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.7 | −0.078% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468 | −0.061% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,468.8 | −0.001% | $19.0M | $52.7M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0137% | 1h | 1,468.6 | −0.018% | $598K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0178% | 1h | 1,468.8 | −0.005% | $2.4M | $3.7M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,468.4 | −0.029% | $843K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,469.8 | +0.063% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,468.1 | −0.050% | $3.7M | $11.4M | 50x | as long as short |
| Arcus ZEC-USDlong | +0.0444% | 1h | 1,468.9 | long leg | $723K | $8.2M | 10x | |
| Aftermath Perps ZECUSD | +0.0585% | 1h | 1,467.3 | −0.108% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD