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Funding arb · Price arb /

ZEC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0526%/8h= +57.6% APRpaid last 24h +0.047%
Price spread now: Arcus against Aster+0.123%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Long on AsterShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.103%+$10 on $10k
Price spread, last 7 days−0.032%−$3 · spread now +0.123%, 7d avg +0.061%
Together, before fees+0.072%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.062% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.061%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.103% in total (about 10.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZECUSDT1,457.60.0100pay 0.0100% / 8h4h 04m$14.8M$27.9M75x
ShortArcus ZEC-USD1,459.40.0626get 0.0078% / 1h4m 42s$677K$8.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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

Funding earned
$110.39
Price spread: +0.123% → +0.061%
$6.2
Slippage, 4 orders
−$7.72
Fee Aster: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$96.37
Costs to cover
0.202%
Break-even
0.9 days
Slippage from Aster: live order book, 4 min ago; Arcus: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago0.03 bp5.6 bp −$67.1 bp −$7114.2 bp −$1,42080.9 bp −$40.4K
Sell Arcus live order book, 4 min ago0.00 bp7.2 bp −$711.4 bp −$114doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3166%1h1,458.2+0.038%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,458+0.030%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0070%8h1,457.6−0.003%$29.6M$70.9M75xas long as short
dYdX ZEC-USD0.0000%1h1,457.1−0.038%$410K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,458.3+0.045%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,457.7+0.003%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,457.8+0.015%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,457.6−0.001%$291K$952K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0071% / S −0.0022%1h1,457.7+0.005%$409K—100xas long as short
01 Exchange ZECUSD+0.0080%1h1,459.3+0.117%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,458.6+0.067%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,458.7+0.071%$11K$857K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,458.2+0.044%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,457.9+0.023%$2.8M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,458.6+0.068%$758.7M$431.5M10xas long as short
Aster ZECUSDTlong+0.0100%8h1,457.6long leg$14.8M$27.9M75x
Pacifica ZEC+0.0100%1h1,458.2+0.039%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,458.3+0.048%$669.9M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,457.6+0.001%$261.7M$602.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,458.4+0.052%$178.0M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,456.7−0.062%$396K$441K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.5−0.005%$880K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,458+0.028%$50.5M$175.4M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,458.2+0.043%$216.7M$776.5M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,457.8+0.015%$102.9M$54.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,458.3+0.048%$165.8M$271.0M75xas long as short
BingX ZEC-USDT+0.0100%8h1,458.1+0.036%—$105.7M—as long as short
Variational Omni ZEC+0.0100%8h1,457.3−0.018%$47.8M$32.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,456.1−0.104%$567K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,457.2−0.027%$3.0M$451K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,456.5−0.075%$404K$942K50xas long as short
StandX ZEC-USD+0.0100%1h1,457−0.045%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,457.6−0.001%$354K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,458+0.030%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,456.6−0.071%$445K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,459.9+0.154%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,457.5−0.010%$233K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,457.1−0.032%$2.7M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,457.7+0.008%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,458.1+0.034%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,457.4−0.011%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,459+0.095%$4.6M$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0178%1h1,457.9+0.021%$2.4M$3.9M15xas long as short
Lighter ZEC+0.0240%1h1,459.4+0.123%$19.2M$46.0M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0277%1h1,458.5+0.058%$615K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0277%1h1,457.6+0.001%$18.0M$45.2M25xas long as short
Lighter RH ZEC+0.0320%1h1,458.8+0.082%$2.1M$7.0M10xas long as short
RISEx ZEC/USDC+0.0412%1h1,458.4+0.056%$923K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,459.8+0.149%$3.8M$9.1M50xas long as short
Arcus ZEC-USDshort+0.0626%1h1,459.4+0.123%$677K$8.2M10x
Aftermath Perps ZECUSD+0.0682%1h1,458.7+0.075%$45K$49K10xas long as short