Funding you earn now, next payment 20:36 UTC−0.0518%/8h= −56.8% APRpaid last 24h −0.069%
Price spread now: Perpl against Arcus−0.223%7-day average −0.061% · 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)−0.227%−$23 on $10k
+Price spread, last 3 days (all we have)+1.146%+$115 · spread now −0.223%, 7d avg −0.061%
=Together, before fees+0.919%+ Points / potential airdropPerpl: Active · farm board+$92 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Perpl is 0.162% cheaper against Arcus than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus ZEC-USD | 1,454.9 | 0.0518 | pay 0.0065% / 1h | 52m 00s | $750K | $7.8M | 10x |
| Short | Perpl ZEC | 1,451.7 | 0 | get 0.0000% / 43m | 39m 00s | $82K | $400K | 10x |
Arcus ZEC-USD
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$108.87
- Price spread: −0.223% → −0.061%
- −$16.2
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$143.37
- Costs to cover
- 0.183%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 2 min ago; Perpl: 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 | 0.00 bp | 6.6 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.3476% | 1h | 1,437.6 | −1.189% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,453.9 | −0.073% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451 | −0.268% | $17.6M | $44.7M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0067% | 8h | 1,453.9 | −0.071% | $29.0M | $75.8M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,451.4 | −0.243% | $45.5M | $32.3M | — | as long as short |
| Bybit ZECUSDT | −0.0014% | 8h | 1,451 | −0.269% | $269.2M | $677.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.8 | −0.008% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.5 | −0.099% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,451.7 | −0.223% | $82K | $400K | 10x | |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,452.4 | −0.176% | $566K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUALShow 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 | 1,451.5 | −0.235% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0007% | 8h | 1,451.3 | −0.251% | $291K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,451.5 | −0.233% | $172.0M | $1.37B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0039% / S +0.0063% | 1h | 1,451.4 | −0.243% | $539K | — | 100x | as long as short |
| Aster ZECUSDT | +0.0053% | 8h | 1,452 | −0.201% | $15.1M | $35.2M | 75x | as long as short |
| Gate ZEC_USDT | +0.0065% | 8h | 1,451.3 | −0.251% | $49.2M | $185.2M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,452.4 | −0.172% | $8K | $8K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,451.9 | −0.206% | $17K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,451.9 | −0.210% | $177K | $2.0M | 50x | as long as short |
| MEXC ZEC_USDT | +0.0097% | 8h | 1,451.5 | −0.237% | $219.0M | $880.2M | 150x | as long as short |
| Binance ZECUSDT | +0.0099% | 8h | 1,451.3 | −0.251% | $658.3M | $2.55B | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.9 | −0.137% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.9 | −0.141% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,452.1 | −0.194% | $750.7M | $492.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.4 | −0.034% | $1.6M | $3.1M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.8 | −0.352% | $393K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454.9 | −0.002% | $896K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,451.9 | −0.210% | $103.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,451.4 | −0.240% | $161.8M | $317.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.7 | −0.218% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,451.6 | −0.225% | $2.3M | $4.2M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.8 | −0.076% | $488K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | −0.137% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.5 | −0.303% | $705K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.2 | −0.049% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.1 | −0.262% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.3 | −0.247% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,450.3 | −0.321% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.6 | +0.185% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,451.2 | −0.253% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451 | −0.269% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.6 | −0.231% | $3.7M | $5.5M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.183% | $4.6M | $1.6M | 10x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,452.6 | −0.162% | $18.7M | $53.8M | 20x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.4 | −0.240% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,453 | −0.133% | $862K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0328% | 1h | 1,451.4 | −0.244% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,453.4 | −0.107% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0466% | 1h | 1,453.5 | −0.099% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USDlong | +0.0518% | 1h | 1,454.9 | long leg | $750K | $7.8M | 10x | |
| Lighter RH ZEC | +0.0672% | 1h | 1,453.4 | −0.106% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Popdex ZECUSDT
MEXC ZEC_USDT
Binance ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
Phoenix ZEC
Lighter ZEC
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC