ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0526%/8h= −57.6% APRnext payment −$0.66 per $10,000 · paid last 24h −0.047%

Price spread now: Bulk against Arcus−0.403%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on Arcus Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.373%+$37 · spread now −0.403%, 7d avg −0.055%

Together, before fees+0.275%+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bulk is 0.348% cheaper against Arcus than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.097% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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	Arcus ZEC-USD	1,463.1	0.0626	pay 0.0078% / 1h	22m 01s	$688K	$8.3M	10x
Short	Bulk ZEC-USD	1,457.2	0.0100	get 0.0013% / 1h	22m 01s	$880K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee BulkbpOrdersPrice spread, now −0.403%Rate

Funding earned: −$110.39
Price spread: −0.403% → −0.055%: −$34.8
Slippage, 4 orders: −$4.22
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$160.91
Costs to cover: 0.157%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Bulk: live order book, 37 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 Arcus live order book, 2 min ago	0.00 bp	6.4 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell Bulk live order book, 37 min ago	0.03 bp	3.5 bp −$4	3.5 bp −$35	9.1 bp −$905	18.3 bp −$9,159

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	−0.3166%	1h	1,460.6	−0.170%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.6	−0.104%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,461.3	−0.125%	$29.3M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.4	−0.115%	$412K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.5	−0.043%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461	−0.149%	$84K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.3	−0.122%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,461.3	−0.127%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0068% / S −0.0019%	1h	1,461.2	−0.132%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,462.4	−0.051%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,462.1	−0.071%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462.2	−0.061%	$11K	$856K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.4	−0.049%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.5	−0.039%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,462.6	−0.036%	$760.2M	$431.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.9	−0.087%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.4	−0.051%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.9	−0.150%	$671.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,460.2	−0.198%	$263.6M	$600.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.8	−0.159%	$178.3M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.507%	$396K	$441K	5x	as long as short
Bulk ZEC-USDshort	+0.0100%	1h	1,457.2	−0.403%	$880K	$18K	10x
Gate ZEC_USDT	+0.0100%	8h	1,461.6	−0.105%	$50.8M	$174.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.4	−0.115%	$216.0M	$773.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.7	−0.099%	$102.8M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.6	−0.108%	$166.4M	$271.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,461.1	−0.140%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.2	−0.062%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.9	−0.359%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.9	−0.218%	$569K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.4	−0.394%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,460.5	−0.177%	$407K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.1	−0.136%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.6	−0.104%	$367K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.1	−0.137%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,460.3	−0.195%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.6	+0.102%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.5	−0.114%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,460.2	−0.202%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.5	−0.114%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.4	−0.117%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.1	−0.136%	$47K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0104%	1h	1,461.8	−0.092%	$611K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0123%	1h	1,461.2	−0.133%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,461.3	−0.124%	$18.1M	$45.0M	25x	as long as short
Lighter ZEC	+0.0280%	1h	1,462.8	−0.023%	$19.3M	$46.0M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,462.3	−0.056%	$925K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0424%	1h	1,462.9	−0.017%	$2.1M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,464.1	+0.067%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USDlong	+0.0626%	1h	1,463.1	long leg	$688K	$8.3M	10x
Aftermath Perps ZECUSD	+0.0682%	1h	1,459.5	−0.247%	$45K	$49K	10x	as long as short