Funding you earn now, next payment 08:00 UTC−0.0303%/8h= −33.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.042%
Price spread now: Pacifica against Arcus−0.021%7-day average −0.050% · 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−$260.258% of the position
Funding, last 4 days (all we have)−0.063%−$6 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now −0.021%, 7d avg −0.050%
=Together, before fees−0.132%+ Points / potential airdropPacifica: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.029% dearer against Arcus than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.050%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 4 days (−0.063% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.063% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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 | 1,508.6 | 0.0403 | pay 0.0050% / 1h | 14m 27s | $608K | $8.8M | 10x |
| Short | Pacifica ZEC | 1,508.2 | 0.0100 | get 0.0013% / 1h | 14m 27s | $1.7M | $2.4M | 10x |
Arcus ZEC-USD
Pacifica ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$63.67
- Price spread: −0.021% → −0.050%
- $2.94
- Slippage, 4 orders
- −$13.26
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$86.49
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago | 0.06 bp | 3.1 bp −$3 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 5 min ago | 1.73 bp | 7.1 bp −$7 | doesn't fit | doesn't fit | 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 | −0.3442% | 1h | 1,479.6 | −1.921% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,506.1 | −0.160% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,509 | +0.026% | $31.1M | $76.4M | 75x | as long as short |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | −0.852% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0083% | 1h | 1,500.7 | −0.521% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.2 | −0.223% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,507.3 | −0.080% | $419K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,511.3 | +0.182% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,506.1 | −0.166% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,507.9 | −0.047% | $18.1M | $47.2M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Bulk ZEC-USD
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0063% | 1h | 1,507.4 | −0.077% | $411K | $559K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,505.6 | −0.198% | $303K | $864K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,508.5 | −0.003% | $8K | $6K | 5x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,505.9 | −0.179% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,509.3 | +0.050% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,507.7 | −0.059% | $177K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,508.3 | −0.014% | $14K | $891K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,508 | −0.039% | $62K | $20K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,508.1 | −0.029% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,508.5 | −0.004% | $789.6M | $441.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,507.4 | −0.078% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZECshort | +0.0100% | 1h | 1,508.2 | −0.021% | $1.7M | $2.4M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,507.9 | −0.043% | $705.5M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,507.4 | −0.075% | $272.0M | $620.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,507.6 | −0.064% | $184.0M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,507.9 | −0.044% | $58.7M | $187.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,508.2 | −0.024% | $239.8M | $806.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,507.8 | −0.051% | $103.6M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,507.8 | −0.049% | $163.0M | $289.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,507.4 | −0.075% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.9 | −0.440% | $49.1M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.6 | −0.263% | $576K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.1 | −0.365% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | −0.278% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,505 | −0.237% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,507.6 | −0.064% | $363K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,505.9 | −0.177% | $170K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502.7 | −0.388% | $459K | $469K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,507.1 | −0.095% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,507.4 | −0.075% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,507.8 | −0.052% | $2.7M | $20.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,509.5 | +0.061% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,508.2 | −0.025% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,504.7 | −0.257% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,508.4 | −0.009% | $950K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0147% / S −0.0144% | 1h | 1,506 | −0.169% | $335K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0154% | 1h | 1,507.6 | −0.061% | $688K | $1.4M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,508.6 | +0.005% | $19.9M | $46.4M | 20x | as long as short |
| Arcus ZEC-USDlong | +0.0403% | 1h | 1,508.6 | long leg | $608K | $8.8M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,508.7 | +0.011% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0497% | 1h | 1,509.1 | +0.037% | $2.4M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP