Funding you earn now, next payment 23:00 UTC+0.0344%/8h= +37.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.035%
Price spread now: Arcus against Derive+0.063%7-day average +0.091% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.056%+$6 on $10k
+Price spread, last 3 days (all we have)−0.438%−$44 · spread now +0.063%, 7d avg +0.091%
=Funding pays, the price is against you. Arcus is 0.028% cheaper against Derive than usual: you would sell low and buy high (spread +0.063% now, against its 7-day average of +0.091%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.056% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.056% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | Derive ZEC-PERP | 1,458.7 | 0.0100 | pay 0.0013% / 1h | 50m 46s | $446K | $503K | 6.7x |
| Short | Arcus ZEC-USD | 1,459.6 | 0.0444 | get 0.0056% / 1h | 50m 46s | $746K | $8.1M | 10x |
Derive ZEC-PERP
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Derive. 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
- $72.33
- Price spread: +0.063% → +0.091%
- −$2.81
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $59.01
- Costs to cover
- 0.105%
- Break-even
- 1.3 days
Slippage unknown: Derive: no order-book sample; Arcus: live order book, 3 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 3 min ago | 0.00 bp | 7.8 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
Derive: 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 | 1,462.9 | +0.292% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,459.3 | +0.044% | $17.7M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0105% | 1h | 1,458.3 | −0.026% | $397K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,459 | +0.025% | $29.1M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.9 | +0.153% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0045% | 8h | 1,457.6 | −0.077% | $269.0M | $677.5M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.5 | +0.607% | $46.8M | $34.4M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0002% | 1h | 1,461.6 | +0.197% | $429K | $817K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.8 | +0.007% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460.7 | +0.142% | $934K | $5.6M | 2.2x | 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
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,458.8 | +0.009% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,460.6 | +0.133% | $594K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.6 | +0.135% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,460.6 | +0.130% | $558K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,460.2 | +0.107% | $293K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,458.2 | −0.030% | $174.8M | $1.36B | 50x | as long as short |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | +0.130% | $899K | $25K | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,460.4 | +0.118% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0058% | 8h | 1,458.3 | −0.024% | $49.7M | $183.6M | 75x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467 | +0.570% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,460.1 | +0.095% | $14K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,459.6 | +0.063% | $18.8M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,459.5 | +0.053% | $172K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.3 | −0.095% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,461.2 | +0.175% | $2.5M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.7 | +0.002% | $755.8M | $489.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,458.1 | −0.038% | $15.3M | $33.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,458.6 | −0.002% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,458.1 | −0.037% | $668.8M | $2.52B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,458.1 | −0.037% | $219.1M | $851.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.8 | −0.062% | $102.9M | $56.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,458 | −0.046% | $161.4M | $308.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,458.1 | −0.040% | — | $103.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.1 | +0.168% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,466.2 | +0.519% | $3.0M | $492K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,461.3 | +0.177% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459.9 | +0.084% | $343K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.3 | +0.112% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,458.7 | long leg | $446K | $503K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,461.5 | +0.195% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,459.3 | +0.045% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459 | +0.022% | $2.4M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.3 | +0.042% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458.9 | +0.017% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,459.9 | +0.083% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,460.1 | +0.101% | $841K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0253% | 1h | 1,459.9 | +0.086% | $2.3M | $4.0M | 15x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,459.9 | +0.084% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,461.4 | +0.188% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USDshort | +0.0444% | 1h | 1,459.6 | +0.063% | $746K | $8.1M | 10x | |
| Aftermath Perps ZECUSD | +0.0512% | 1h | 1,463.4 | +0.325% | $40K | $34K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
01 Exchange ZECUSD
Gate ZEC_USDT
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD