Funding you earn now, next payment 22:00 UTC+0.3994%/8h= +437.4% APRnext payment +$4.99 per $10,000 · paid last 24h +0.413%
Price spread now: Arcus against Injective+1.271%7-day average −0.079% · 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)+0.383%+$38 on $10k
+Price spread, last 3 days (all we have)−2.284%−$228 · spread now +1.271%, 7d avg −0.079%
=Both sides work for this trade now. Funding pays +$120 a day on $10k at the current rate, and Arcus is 1.350% dearer against Injective than usual: you sell high and buy low: +$135 more if the spread goes back to its 7-day average of −0.079%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.383% in total (about 42.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.99 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 | Injective ZEC/USDC PERP | 1,437.8 | −0.3476 | get 0.0434% / 1h | 48m 20s | $33K | $275K | 12x |
| Short | Arcus ZEC-USD | 1,456.1 | 0.0518 | get 0.0065% / 1h | 48m 20s | $753K | $7.8M | 10x |
Injective ZEC/USDC PERP
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Injective. 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
- $838.78
- Price spread: +1.271% → −0.079%
- $135.01
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $969.26
- Costs to cover
- 0.045%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 40 min ago; Arcus: live order book, 1 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 Injective live order book, 40 min ago | 58.14 bp | 489902.9 bp −$489.9K | 4956187.5 bp −$49.56M | 49327108.0 bp −$4932.71M | 245801776.0 bp −$122900.89M |
| Sell Arcus live order book, 1 min ago | 0.00 bp | 2.7 bp −$3 | 6.1 bp −$61 | 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 PERPlong | −0.3476% | 1h | 1,437.8 | long leg | $33K | $275K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.1 | +1.130% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,452.8 | +1.046% | $17.6M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,452.8 | +1.045% | $28.9M | $75.5M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | +0.966% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDT | −0.0008% | 8h | 1,454.2 | +1.141% | $269.4M | $677.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.3 | +1.077% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.1 | +1.131% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.8 | +1.109% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,453.5 | +1.093% | $566K | $1.3M | 25x | as long as short |
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
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 | 1,454.9 | +1.188% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,454.9 | +1.186% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0066% | 1h | 1,454.5 | +1.160% | $544K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,454.9 | +1.191% | $172.4M | $1.36B | 50x | as long as short |
| Aster ZECUSDT | +0.0059% | 8h | 1,454.3 | +1.147% | $15.3M | $35.2M | 75x | as long as short |
| Gate ZEC_USDT | +0.0066% | 8h | 1,454.2 | +1.138% | $49.1M | $185.5M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,454.6 | +1.171% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0093% | 1h | 1,452.8 | +1.043% | $394K | $518K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.2 | +1.140% | $17K | $886K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,455.2 | +1.206% | $18.8M | $53.9M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.9 | +1.122% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454 | +1.125% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,454.2 | +1.142% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.8 | +1.182% | $752.3M | $493.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.3 | +1.146% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.7 | +1.177% | $659.6M | $2.54B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | +1.193% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.5 | +1.163% | $219.6M | $882.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.1 | +1.129% | $103.4M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.5 | +1.160% | $162.1M | $315.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,453.4 | +1.082% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453.1 | +1.064% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | +1.084% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,455.2 | +1.207% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | +1.031% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,453.4 | +1.084% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.9 | +1.119% | $299K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.3 | +1.148% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,453.6 | +1.096% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456 | +1.263% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.9 | +1.052% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453 | +1.056% | $2.4M | $25.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.9 | +1.051% | $3.7M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | +1.004% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.2 | +1.209% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.9 | +1.186% | $863K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0248% | 1h | 1,454.8 | +1.182% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.8 | +1.183% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0460% | 1h | 1,454.1 | +1.134% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USDshort | +0.0518% | 1h | 1,456.1 | +1.271% | $753K | $7.8M | 10x | |
| Lighter RH ZEC | +0.0736% | 1h | 1,456.4 | +1.291% | $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
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
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-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
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC