Funding you earn now, next payment 03:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.029%
Price spread now: Arcus against Derive+0.107%7-day average +0.096% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−1.462%−$146 · spread now +0.107%, 7d avg +0.096%
=The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,456.3 | 0.0100 | pay 0.0013% / 1h | 11m 59s | $445K | $521K | 6.7x |
| Short | Arcus ZEC-USD | 1,457.9 | 0.0277 | get 0.0035% / 1h | 11m 59s | $715K | $8.5M | 10x |
Derive ZEC-PERP
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Derive. 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
- $37.19
- Price spread: +0.107% → +0.096%
- $1.1
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $27.8
- Costs to cover
- 0.105%
- Break-even
- 1.8 days
Slippage unknown: Derive: no order-book sample; Arcus: live order book, 2 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 2 min ago | 0.51 bp | 5.6 bp −$6 | 14.1 bp −$141 | doesn't fit | doesn't fit |
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 | −0.3244% | 1h | 1,456.6 | +0.015% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0084% | 8h | 1,455.7 | −0.047% | $29.4M | $70.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,456.8 | +0.031% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.6 | −0.049% | $410K | $43K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,456.8 | +0.031% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456 | −0.022% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,457.3 | +0.063% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0051% | 8h | 1,457.3 | +0.063% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,457 | +0.045% | $409K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,458.4 | +0.141% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.5 | +0.008% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,456.4 | +0.002% | $13K | $882K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456.8 | +0.031% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457 | +0.042% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.3 | +0.135% | $757.9M | $434.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,457.2 | +0.061% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457 | +0.044% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.3 | +0.063% | $668.1M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,456.8 | +0.028% | $264.5M | $605.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,457.5 | +0.077% | $178.4M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,460.5 | +0.286% | $396K | $439K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.076% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,457.6 | +0.089% | $50.2M | $175.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457.4 | +0.071% | $213.7M | $780.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.5 | +0.079% | $102.1M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.5 | +0.083% | $162.0M | $273.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,456.7 | +0.023% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,462.2 | +0.405% | $47.8M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,460.6 | +0.295% | $570K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.3 | +0.408% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,461 | +0.322% | $411K | $909K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.017% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.2 | −0.009% | $369K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.1 | +0.051% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,456.3 | long leg | $445K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460.2 | +0.267% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.1 | +0.049% | $233K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455 | −0.092% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.3 | +0.065% | $3.8M | $5.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0101% | 1h | 1,458.2 | +0.129% | $2.4M | $3.8M | 15x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,457.1 | +0.051% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.9 | +0.037% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,456.6 | +0.015% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,457 | +0.048% | $18.0M | $44.6M | 25x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,458.6 | +0.155% | $19.1M | $46.7M | 20x | as long as short |
| Arcus ZEC-USDshort | +0.0277% | 1h | 1,457.9 | +0.107% | $715K | $8.5M | 10x | |
| Lighter RH ZEC | +0.0368% | 1h | 1,458.7 | +0.162% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,457.1 | +0.055% | $833K | $1.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0414% | 1h | 1,458.1 | +0.124% | $613K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,457.5 | +0.082% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0691% | 1h | 1,458.4 | +0.140% | $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-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Backpack ZEC_USDC_PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD