Funding you earn now, next payment 04:00 UTC−0.0492%/8h= −53.9% APRnext payment −$0.61 per $10,000 · paid last 24h −0.033%
Price spread now: Deribit against Arcus−0.060%7-day average +0.036% · 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−$37as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.843%+$84 · spread now −0.060%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.096% cheaper against Arcus than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.030% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 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 | 1,462.6 | 0.0626 | pay 0.0078% / 1h | 20m 41s | $686K | $8.3M | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,461.7 | 0.0134 | get 0.0017% / 1h | 20m 41s | $611K | $1.3M | 25x |
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Arcus. 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
- −$103.31
- Price spread: −0.060% → +0.036%
- −$9.56
- Slippage, 4 orders
- −$15.76
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$140.12
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 3 min ago; Deribit: live order book, 3 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, 3 min ago | 0.00 bp | 6.4 bp −$6 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 5.65 bp | 9.5 bp −$9 | 56.1 bp −$561 | 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 | −0.3166% | 1h | 1,462.9 | +0.019% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.3 | −0.018% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,461.1 | −0.100% | $29.4M | $71.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.8 | +0.015% | $412K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463 | +0.029% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461 | −0.106% | $84K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461 | −0.108% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,460.9 | −0.113% | $292K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0069% / S −0.0019% | 1h | 1,460.9 | −0.112% | $410K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,461.7 | −0.063% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,461.2 | −0.093% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,461.6 | −0.064% | $11K | $856K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461.8 | −0.050% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.1 | −0.030% | $2.8M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,463.4 | +0.056% | $760.7M | $431.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.6 | −0.064% | $14.5M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.1 | +0.035% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,462.9 | +0.024% | $672.4M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,462.6 | +0.004% | $263.9M | $602.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,462.9 | +0.021% | $178.5M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,461 | −0.108% | $397K | $443K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.2 | −0.366% | $880K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,461.2 | −0.097% | $50.8M | $174.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.1 | −0.102% | $215.4M | $773.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.3 | −0.089% | $102.7M | $53.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.3 | −0.020% | $166.5M | $271.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,460.9 | −0.113% | — | $104.5M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,461.4 | −0.080% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,460.3 | −0.156% | $47.9M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,460.8 | −0.121% | $569K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.4 | −0.013% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,460.5 | −0.140% | $407K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,461.7 | −0.057% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,461.1 | −0.101% | $367K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.122% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.1 | −0.170% | $446K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,463.9 | +0.093% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.3 | −0.087% | $234K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,460.3 | −0.153% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.1 | −0.104% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.2 | −0.094% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.1 | −0.101% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,462.1 | −0.033% | $4.6M | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0134% | 1h | 1,461.7 | −0.060% | $611K | $1.3M | 25x | |
| Kraken Futures PF_ZECUSD | +0.0276% | 1h | 1,461.1 | −0.102% | $18.1M | $45.0M | 25x | as long as short |
| Lighter ZEC | +0.0288% | 1h | 1,464.1 | +0.101% | $19.3M | $46.0M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,461.4 | −0.077% | $925K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,464.5 | +0.128% | $2.1M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,462.7 | +0.011% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USDlong | +0.0626% | 1h | 1,462.6 | long leg | $686K | $8.3M | 10x | |
| Aftermath Perps ZECUSD | +0.0683% | 1h | 1,459.9 | −0.180% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Kraken Futures PF_ZECUSD
Lighter ZEC
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD