ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h −0.038%

Price spread now: Derive against Arcus−0.210%7-day average −0.102% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.523%+$52 · spread now −0.210%, 7d avg −0.102%

Together, before fees+0.455%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Derive is 0.109% cheaper against Arcus than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.069% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 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	1,471.7	0.0508	pay 0.0064% / 1h	34m 53s	$665K	$8.1M	10x
Short	Derive ZEC-PERP	1,468.6	0.0100	get 0.0013% / 1h	34m 53s	$448K	$506K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.210%Rate

Funding earned: −$85.76
Price spread: −0.210% → −0.102%: −$10.86
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Derive: 3 bp × 2 orders: −$6
Net: −$107.12
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 4 min ago; Derive: no order-book sample. 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 Arcus live order book, 4 min ago	0.00 bp	7.3 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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	−0.3243%	1h	1,471	−0.050%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.5	−0.086%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0080%	8h	1,469.8	−0.130%	$29.8M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.3	−0.094%	$409K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471	−0.051%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.7	−0.138%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,470.2	−0.104%	$619K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,469.8	−0.129%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,470.5	−0.083%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,469.8	−0.132%	$294K	$902K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0089%	8h	1,467.7	−0.272%	$261.0M	$589.7M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,466.5	−0.355%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.2	−0.104%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0096% / S −0.0050%	1h	1,469.5	−0.150%	$438K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469.8	−0.132%	$13K	$812K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.3	−0.096%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.7	−0.068%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470.3	−0.096%	$765.6M	$418.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.6	−0.210%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.5	−0.085%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.4	−0.227%	$677.6M	$2.16B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,467.9	−0.257%	$178.5M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,465.3	−0.436%	$399K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.7	−0.614%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,468.4	−0.229%	$53.1M	$170.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.4	−0.226%	$222.3M	$761.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,468.7	−0.202%	$103.2M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.5	−0.219%	$166.1M	$267.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,468.4	−0.227%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,470.5	−0.080%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.1	−0.249%	$573K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.8	−0.133%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469	−0.188%	$406K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.7	−0.207%	$49K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.7	−0.137%	$360K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.4	−0.156%	$162K	$186K	20x	as long as short
Derive ZEC-PERPshort	+0.0100%	1h	1,468.6	−0.210%	$448K	$506K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,471.9	+0.009%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.7	−0.140%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469	−0.185%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.3	−0.098%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.4	−0.228%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.7	−0.137%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,471.1	−0.045%	$2.1M	$7.1M	10x	as long as short
Lighter ZEC	+0.0136%	1h	1,471	−0.046%	$19.5M	$43.9M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,469.6	−0.143%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,470.2	−0.100%	$928K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0338%	1h	1,469.9	−0.126%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,473.7	+0.134%	$3.8M	$9.2M	50x	as long as short
Arcus ZEC-USDlong	+0.0508%	1h	1,471.7	long leg	$665K	$8.1M	10x
Aftermath Perps ZECUSD	+0.0680%	1h	1,468	−0.254%	$45K	$49K	10x	as long as short