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: Arcus against Bulk+0.405%7-day average +0.055% · 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+$19as in the Price arb table

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

Long on Bulk Short on Arcus

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)−0.374%−$37 · spread now +0.405%, 7d avg +0.055%

Together, before fees−0.277%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.350% dearer against Bulk than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.055%.

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	Bulk ZEC-USD	1,457.2	0.0100	pay 0.0013% / 1h	22m 26s	$880K	$18K	10x
Short	Arcus ZEC-USD	1,463.1	0.0626	get 0.0078% / 1h	22m 26s	$688K	$8.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bulk. 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 BulkbpFee ArcusbpOrdersPrice spread, now +0.405%Rate

Funding earned: $110.39
Price spread: +0.405% → +0.055%: $34.97
Slippage, 4 orders: −$4.22
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $129.64
Costs to cover: 0.157%
Break-even: from the start

Slippage from Bulk: live order book, 37 min ago; Arcus: 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 Bulk live order book, 37 min ago	0.03 bp	3.5 bp −$4	3.8 bp −$38	4.2 bp −$417	6.1 bp −$3,060
Sell Arcus live order book, 2 min ago	0.00 bp	2.3 bp −$2	4.8 bp −$48	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	1,460.6	+0.234%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.6	+0.301%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,461.3	+0.280%	$29.3M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.4	+0.289%	$412K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,461.9	+0.320%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461	+0.256%	$84K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.3	+0.283%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,461.3	+0.281%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0068% / S −0.0019%	1h	1,461.2	+0.273%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,462.4	+0.353%	$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	+0.334%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462.2	+0.344%	$11K	$856K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.4	+0.355%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.5	+0.366%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,463.1	+0.402%	$760.5M	$431.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462.7	+0.377%	$14.6M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.4	+0.354%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.4	+0.287%	$671.7M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,460.6	+0.235%	$263.7M	$600.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,461.6	+0.301%	$178.4M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.104%	$396K	$441K	5x	as long as short
Bulk ZEC-USDlong	+0.0100%	1h	1,457.2	long leg	$880K	$18K	10x
Gate ZEC_USDT	+0.0100%	8h	1,462.4	+0.358%	$50.8M	$174.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.7	+0.308%	$215.1M	$773.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.8	+0.316%	$102.8M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,462	+0.329%	$166.5M	$271.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,460.9	+0.251%	—	$103.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.1	+0.333%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.9	+0.045%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.9	+0.186%	$569K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.4	+0.009%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,460.5	+0.227%	$407K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.1	+0.268%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.6	+0.301%	$367K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.1	+0.268%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,460.6	+0.230%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.6	+0.367%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.6	+0.300%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,460.3	+0.213%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.1	+0.266%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.2	+0.342%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.2	+0.272%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,461.2	+0.272%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0128%	1h	1,462.1	+0.332%	$612K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,461.5	+0.295%	$18.1M	$45.0M	25x	as long as short
Lighter ZEC	+0.0280%	1h	1,463.5	+0.431%	$19.3M	$46.0M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,462.3	+0.348%	$925K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0432%	1h	1,463.7	+0.447%	$2.1M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,464.4	+0.491%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USDshort	+0.0626%	1h	1,463.1	+0.405%	$688K	$8.3M	10x
Aftermath Perps ZECUSD	+0.0682%	1h	1,459.5	+0.157%	$45K	$49K	10x	as long as short