Funding you earn now, next payment 22:00 UTC−0.0518%/8h= −56.8% APRnext payment −$0.65 per $10,000 · paid last 24h −0.030%
Price spread now: Deribit against Arcus−0.090%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Funding, last 3 days (all we have)−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.873%+$87 · spread now −0.090%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 0.130% cheaper against Arcus than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.027% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 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 | 1,461.2 | 0.0518 | pay 0.0065% / 1h | 8m 25s | $744K | $8.0M | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,459.9 | 0 | get 0.0000% / 1h | 8m 25s | $594K | $1.3M | 25x |
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$108.87
- Price spread: −0.090% → +0.039%
- −$12.98
- Slippage, 4 orders
- −$15.31
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$148.66
- Costs to cover
- 0.268%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 1 min ago; Deribit: live order book, 1 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, 1 min ago | 0.00 bp | 8.2 bp −$8 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 1 min ago | 3.94 bp | 7.5 bp −$7 | 13.2 bp −$132 | 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 | −0.3476% | 1h | 1,433.1 | −1.918% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,459 | −0.149% | $28.9M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.2 | −0.070% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,458.8 | −0.161% | $17.7M | $44.7M | 25x | as long as short |
| Bybit ZECUSDT | −0.0023% | 8h | 1,459 | −0.146% | $269.3M | $677.3M | 75x | as long as short |
| Variational Omni ZEC | −0.0004% | 8h | 1,455.9 | −0.359% | $45.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,460.9 | −0.021% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,459.5 | −0.116% | $934K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,459.9 | −0.088% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | 0.0000% | 1h | 1,459.9 | −0.090% | $594K | $1.3M | 25x |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.4 | −0.054% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,459.8 | −0.094% | $293K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0016% / S +0.0074% | 1h | 1,460.2 | −0.066% | $558K | — | 100x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0038% | 1h | 1,457 | −0.286% | $395K | $515K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,460.3 | −0.060% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0058% | 8h | 1,460.1 | −0.075% | $174.3M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0061% | 8h | 1,459.8 | −0.095% | $49.4M | $191.1M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,460.1 | −0.076% | $15K | $865K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,461.9 | +0.049% | $18.9M | $54.7M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,459.9 | −0.086% | $173K | $2.0M | 50x | as long as short |
| Aster ZECUSDT | +0.0099% | 8h | 1,459.9 | −0.088% | $15.4M | $33.9M | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.2 | −0.065% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460.9 | −0.016% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,460.8 | −0.025% | $755.6M | $493.4M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460.9 | −0.018% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460 | −0.080% | $667.7M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460 | −0.081% | $220.1M | $899.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.9 | −0.085% | $103.2M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460 | −0.080% | $161.6M | $312.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,459.9 | −0.085% | — | $101.5M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,459.7 | −0.100% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.9 | −0.291% | $489K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,458 | −0.216% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457.2 | −0.270% | $428K | $815K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.6 | −0.106% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459.9 | −0.087% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,459.9 | −0.086% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,457.8 | −0.229% | $445K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,461.1 | −0.002% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,459 | −0.149% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459 | −0.149% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459 | −0.149% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.7 | −0.306% | $897K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,458.5 | −0.180% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.6 | −0.036% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,459.1 | −0.143% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,460.8 | −0.025% | $848K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,461 | −0.010% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0483% | 1h | 1,459 | −0.146% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USDlong | +0.0518% | 1h | 1,461.2 | long leg | $744K | $8.0M | 10x | |
| Lighter RH ZEC | +0.0584% | 1h | 1,462.5 | +0.088% | $2.0M | $8.5M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Aster ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Lighter RH ZEC