Funding you earn now, next payment 22:00 UTC+0.0518%/8h= +56.8% APRpaid last 24h +0.041%
Price spread now: Arcus against Bybit+0.256%7-day average +0.045% · 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−$3as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 3 days (all we have)+0.062%+$6 on $10k
+Price spread, last 7 days−0.188%−$19 · spread now +0.256%, 7d avg +0.045%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.211% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.062% in total (about 6.9% 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 | Bybit ZECUSDT | 1,450.4 | 0 | get 0.0000% / 8h | 2h 37m | $268.7M | $675.2M | 75x |
| Short | Arcus ZEC-USD | 1,454.1 | 0.0518 | get 0.0065% / 1h | 37m 20s | $754K | $7.9M | 10x |
Bybit ZECUSDT
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bybit. 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: +0.256% → +0.045%
- $21.14
- Slippage, 4 orders
- −$8.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $105.91
- Costs to cover
- 0.241%
- Break-even
- 0.2 days
Slippage from Bybit: live order book, 2 min ago; Arcus: live order book, 2 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 Bybit live order book, 2 min ago | 0.10 bp | 8.1 bp −$8 | 10.9 bp −$109 | 21.5 bp −$2,145 | 39.9 bp −$19.9K |
| Sell Arcus live order book, 2 min ago | 1.03 bp | 4.2 bp −$4 | 8.8 bp −$88 | 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 | −0.3476% | 1h | 1,438.1 | −0.849% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.1 | +0.048% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451.1 | +0.049% | $17.7M | $44.3M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,450.7 | +0.021% | $28.9M | $74.8M | 75x | as long as short |
| Variational Omni ZEC | −0.0017% | 8h | 1,451.4 | +0.066% | $45.5M | $32.1M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,452.2 | +0.124% | $409K | $106K | 5x | as long as short |
| Bybit ZECUSDTlong | 0.0000% | 8h | 1,450.4 | long leg | $268.7M | $675.2M | 75x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,451.3 | +0.059% | $898K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.8 | +0.092% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,451.9 | +0.100% | $591K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
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 | 1,451.3 | +0.062% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,451.3 | +0.061% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0032% / S +0.0069% | 1h | 1,451.1 | +0.044% | $544K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0053% | 8h | 1,451.2 | +0.054% | $172.0M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0068% | 8h | 1,451.6 | +0.080% | $49.1M | $186.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,452.6 | +0.147% | $8K | $8K | 5x | as long as short |
| Aster ZECUSDT | +0.0073% | 8h | 1,451.5 | +0.076% | $15.2M | $34.6M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0082% | 1h | 1,451 | +0.039% | $394K | $519K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0094% | 8h | 1,452.2 | +0.125% | $13K | $872K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,453 | +0.178% | $18.7M | $54.0M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.3 | +0.125% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,450.9 | +0.033% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.3 | +0.057% | $3.0M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,452.4 | +0.138% | $752.0M | $489.4M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,452.2 | +0.121% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,451.5 | +0.077% | $660.6M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,452.5 | +0.143% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,451.8 | +0.094% | $220.7M | $887.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.1 | +0.112% | $103.6M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,451.2 | +0.053% | $161.6M | $312.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,451.4 | +0.068% | — | $105.2M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.7 | +0.155% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | +0.033% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.1 | +0.117% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.9 | +0.101% | $706K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451 | +0.038% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.5 | +0.074% | $297K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.5 | +0.072% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,449.9 | −0.034% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.3 | +0.270% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,451.3 | +0.059% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.1 | +0.112% | $2.4M | $24.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.5 | +0.076% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | +0.131% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,451.4 | +0.069% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.4 | +0.064% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,452.8 | +0.161% | $863K | $2.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,453.4 | +0.207% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0446% | 1h | 1,452.4 | +0.133% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USDshort | +0.0518% | 1h | 1,454.1 | +0.256% | $754K | $7.9M | 10x | |
| Lighter RH ZEC | +0.0736% | 1h | 1,454.4 | +0.275% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Aster ZECUSDT
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC