Funding you earn now, next payment 06:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h −0.050%
Price spread now: SoDEX against Arcus+0.026%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.195% of the position
Funding, last 3 days (all we have)−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.358%+$36 · spread now +0.026%, 7d avg −0.030%
=The price spread pays, funding is against you. SoDEX is 0.056% dearer against Arcus than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.030%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 3 days (−0.082% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.082% in total (about -8.8% 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 | 1,499.6 | 0.0508 | pay 0.0064% / 1h | 6m 33s | $619K | $8.5M | 10x |
| Short | SoDEX ZEC-USD | 1,500 | 0.0100 | get 0.0013% / 1h | 6m 33s | $248K | $3.5M | 10x |
Arcus ZEC-USD
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$85.76
- Price spread: +0.026% → −0.030%
- $5.56
- Slippage, 4 orders
- −$6.96
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$99.66
- Costs to cover
- 0.195%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 3 min ago; SoDEX: live order book, 2 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 | 2.3 bp −$2 | 4.2 bp −$42 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 2 min ago | 0.17 bp | 5.3 bp −$5 | 13.8 bp −$138 | 103.2 bp −$10.3K | 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 | −0.3243% | 1h | 1,491.6 | −0.535% | $34K | $273K | 12x | as long as short |
| Bulk ZEC-USD | −0.0279% | 1h | 1,512.6 | +0.866% | $914K | $15K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0124% | 8h | 1,499.5 | −0.007% | $30.6M | $74.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,498.3 | −0.092% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,498.3 | −0.090% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,500.9 | +0.084% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,495.3 | −0.288% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,497.6 | −0.136% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0068% | 8h | 1,500.6 | +0.062% | $303K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,499.2 | −0.031% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,496.7 | −0.196% | $4.7M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,498.8 | −0.058% | $152K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,498.8 | −0.052% | $2.8M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,499.8 | +0.012% | $782.3M | $437.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,498.8 | −0.052% | $14.3M | $29.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,498.8 | −0.053% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,499 | −0.043% | $696.2M | $2.27B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,498.9 | −0.052% | $274.6M | $620.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,498.8 | −0.055% | $181.1M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,495.9 | −0.248% | $407K | $481K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,498.7 | −0.065% | $54.0M | $182.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,498.5 | −0.072% | $226.0M | $783.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,498.9 | −0.051% | $103.0M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,499.1 | −0.034% | $161.7M | $284.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,498.8 | −0.058% | — | $114.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,504.3 | +0.309% | $49.1M | $33.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,505.7 | +0.405% | $575K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.4 | +0.382% | $3.1M | $475K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.8 | +0.345% | $417K | $929K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,497 | −0.174% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,498.5 | −0.075% | $363K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,497.5 | −0.145% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,499.8 | +0.010% | $458K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,502.2 | +0.173% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,500 | +0.026% | $248K | $3.5M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,498.8 | −0.057% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,499.6 | 0.000% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,498.6 | −0.066% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,498.5 | −0.076% | $13K | $856K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,498.4 | −0.084% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,499.8 | +0.011% | $46K | $149K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0107% / S −0.0082% | 1h | 1,497.5 | −0.145% | $404K | — | 100x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0143% | 1h | 1,500.2 | +0.038% | $18.2M | $46.1M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,498.7 | −0.065% | $935K | $1.2M | 10x | as long as short |
| Lighter RH ZEC | +0.0208% | 1h | 1,500.2 | +0.036% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,500 | +0.028% | $19.6M | $45.9M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0376% | 1h | 1,500.2 | +0.040% | $2.3M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0451% | 1h | 1,501.1 | +0.099% | $50K | $61K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0457% | 1h | 1,502.1 | +0.164% | $711K | $1.4M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,502.1 | +0.162% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USDlong | +0.0508% | 1h | 1,499.6 | long leg | $619K | $8.5M | 10x |
Phoenix ZEC
Popdex ZECUSDT
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX