Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: Bulk against Pacifica+0.287%7-day average −0.036% · 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−$190.187% of the position
Funding, last 4 days (all we have)−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.287%, 7d avg −0.036%
=Together, before fees−0.283%+ Points / potential airdropPacifica: Active · farm board−$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.322% dearer against Pacifica than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZEC | 1,497.3 | 0.0100 | pay 0.0013% / 1h | 3m 17s | $1.7M | $2.4M | 10x |
| Short | Bulk ZEC-USD | 1,501.6 | 0.0100 | get 0.0013% / 1h | 3m 17s | $772K | $147K | 10x |
Pacifica ZEC
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Pacifica. 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
- $0
- Price spread: +0.287% → −0.036%
- $32.23
- Slippage, 4 orders
- −$3.66
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $13.58
- Costs to cover
- 0.187%
- Break-even
- from the start
Slippage from Pacifica: live order book, 1 min ago; Bulk: live order book, 31 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 Pacifica live order book, 1 min ago | 0.87 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 31 min ago | 0.03 bp | 3.5 bp −$4 | 4.6 bp −$46 | 11.1 bp −$1,106 | 18.5 bp −$9,256 |
ZEC on 50 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 | −0.3702% | 1h | 1,478.9 | −1.224% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,496.2 | −0.070% | $61K | $307K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0247% | 1h | 1,499.9 | +0.175% | $46K | $60K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,497.7 | +0.032% | $31.6M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,497.5 | +0.015% | $6K | $1K | 10x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,498.1 | +0.055% | $1.5M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,497.3 | −0.001% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,497.8 | +0.037% | $18.3M | $47.3M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,497.7 | +0.032% | $8K | $6K | 5x | as long as short |
| dYdX ZEC-USD | +0.0067% | 1h | 1,496 | −0.081% | $413K | $34K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
dYdX ZEC-USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0082% | 1h | 1,497.9 | +0.039% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,497.2 | −0.005% | $302K | $860K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,498 | +0.051% | $19.6M | $46.0M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,498.5 | +0.085% | $2.1M | $7.7M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,497.3 | +0.003% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,497 | −0.018% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,497.2 | −0.007% | $13K | $893K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,497.5 | +0.013% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,498.5 | +0.083% | $785.4M | $445.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,496.7 | −0.035% | $14.0M | $29.4M | 75x | as long as short |
| Pacifica ZEClong | +0.0100% | 1h | 1,497.3 | long leg | $1.7M | $2.4M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,497.5 | +0.015% | $706.5M | $2.28B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,496.8 | −0.031% | $272.3M | $606.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,497.1 | −0.009% | $185.9M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,496.9 | −0.024% | $407K | $530K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,498.1 | +0.058% | $607K | $8.7M | 10x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,501.6 | +0.287% | $772K | $147K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,497.3 | +0.002% | $60.3M | $189.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,497.6 | +0.021% | $405.6M | $847.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,497.4 | +0.011% | $102.6M | $55.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,497.3 | +0.003% | $163.1M | $290.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,497.4 | +0.011% | — | $119.9M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,497.2 | −0.006% | $2.3M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,499.4 | +0.144% | $49.5M | $35.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.6 | +0.159% | $548K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,499.1 | +0.120% | $3.1M | $561K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,499 | +0.119% | $412K | $955K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,497 | −0.015% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,496.9 | −0.024% | $372K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,497.5 | +0.014% | $168K | $190K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,499.7 | +0.162% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,497.4 | +0.008% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,497.6 | +0.019% | $2.7M | $20.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,497.7 | +0.031% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,497.3 | +0.002% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,497.3 | +0.005% | $43K | $157K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,497.1 | −0.010% | $987K | $1.2M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0166% / S −0.0165% | 1h | 1,496.3 | −0.061% | $340K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0264% | 1h | 1,498.1 | +0.058% | $686K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,498.5 | +0.084% | $3.9M | $9.8M | 50x | as long as short |
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus 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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX