Funding you earn now, next payment 22:46 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.072%
Price spread now: Arcus against Perpl+0.147%7-day average +0.062% · 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)+0.246%+$25 on $10k
+Price spread, last 3 days (all we have)−0.643%−$64 · spread now +0.147%, 7d avg +0.062%
=Together, before fees−0.397%+ Points / potential airdropPerpl: Active · farm board−$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.085% dearer against Perpl than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,469.8 | 0 | get 0.0000% / 43m | 26m 52s | $83K | $404K | 10x |
| Short | Arcus ZEC-USD | 1,471.9 | 0.0100 | get 0.0013% / 1h | 30m 52s | $720K | $8.3M | 10x |
Perpl ZEC
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Perpl. 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
- $21
- Price spread: +0.147% → +0.062%
- $8.5
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $11.2
- Costs to cover
- 0.183%
- Break-even
- 3.3 days
Slippage unknown: Perpl: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 3 min ago | 0.00 bp | 8.0 bp −$8 | 13.4 bp −$134 | doesn't fit | doesn't fit |
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 | −0.3089% | 1h | 1,472.3 | +0.174% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0262% | 1h | 1,470.1 | +0.022% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,470 | +0.013% | $17.9M | $44.3M | 25x | as long as short |
| Bybit ZECUSDT | −0.0111% | 8h | 1,468.8 | −0.065% | $274.7M | $654.7M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,469.7 | −0.005% | $29.6M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470 | +0.016% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0057% | 8h | 1,468.8 | −0.067% | $46.8M | $33.8M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0045% | 1h | 1,470.3 | +0.038% | $431K | $841K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471 | +0.085% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.7 | +0.131% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
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 ZEClong | 0.0000% | 43m | 1,469.8 | long leg | $83K | $404K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.3 | +0.033% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0012% | 8h | 1,470.1 | +0.022% | $294K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,470.5 | +0.047% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471 | +0.081% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0026% | 1h | 1,470.8 | +0.072% | $613K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,469.4 | −0.026% | $180.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,469.7 | −0.005% | $50.7M | $186.4M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.3 | +0.034% | $371K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,471.7 | +0.128% | $19.1M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.2 | +0.026% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,469.3 | −0.034% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.6 | −0.012% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.3 | +0.038% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.8 | +0.069% | $762.3M | $474.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.5 | −0.022% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.3 | +0.037% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.1 | +0.020% | $683.5M | $2.46B | 75x | as long as short |
| Arcus ZEC-USDshort | +0.0100% | 1h | 1,471.9 | +0.147% | $720K | $8.3M | 10x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.224% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.8 | 0.000% | $231.4M | $837.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.8 | +0.003% | $103.5M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470 | +0.015% | $162.8M | $301.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.5 | −0.022% | — | $102.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.1 | +0.022% | $513K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.2 | +0.029% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.8 | +0.071% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.8 | +0.001% | $344K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.1 | +0.021% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.5 | −0.088% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.4 | +0.177% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470 | +0.015% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.7 | −0.007% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.3 | +0.033% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470 | +0.015% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.1 | +0.019% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,470.8 | +0.067% | $825K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0417% | 1h | 1,470.5 | +0.049% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.3 | +0.168% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0488% | 1h | 1,472.1 | +0.156% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0703% | 1h | 1,471.5 | +0.118% | $46K | $47K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD