Funding you earn now, next payment 03:00 UTC−0.0271%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.057%
Price spread now: gTrade (Gains Network) against Arcus−0.103%7-day average −0.020% · 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−$290as in the Price arb table
costs, in and out, $10k−$2812.813% of the position
Funding, last 3 days (all we have)−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)+0.357%+$36 · spread now −0.103%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.083% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus ZEC-USD | 1,466.3 | 0.0277 | pay 0.0035% / 1h | 53m 46s | $704K | $8.5M | 10x |
| Short | gTrade (Gains Network) ZEC/USD | 1,464.8 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 53m 46s | $5.2M | — | 150x |
Arcus ZEC-USD
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$56.87
- Price spread: −0.103% → −0.020%
- −$8.29
- Slippage, 4 orders
- −$266.76
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$346.42
- Costs to cover
- 2.813%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), just now.
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, 5 min ago | 0.00 bp | 2.9 bp −$3 | 5.0 bp −$50 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), just now | 130.03 bp | 135.0 bp −$135 | 584.7 bp −$5,847 | doesn't fit | doesn't fit |
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 | −0.3244% | 1h | 1,469.5 | +0.218% | $34K | $272K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0430% | 1h | 1,464 | −0.163% | $426K | $879K | 50x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,464.1 | −0.153% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0010% | 1h | 1,465.5 | −0.057% | $397K | $440K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,463.5 | −0.190% | $412K | $47K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464.6 | −0.116% | $964K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464 | −0.163% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,464.8 | −0.103% | $5.2M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0034% | 8h | 1,464.8 | −0.105% | $292K | $983K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,464.7 | −0.115% | $383K | — | 100x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0070% | 1h | 1,466.4 | +0.006% | $4.6M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,465.4 | −0.067% | $8K | $7K | 5x | as long as short |
| Variational Omni ZEC | +0.0084% | 8h | 1,465.1 | −0.088% | $47.8M | $32.1M | — | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.6 | −0.121% | $173K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0098% | 8h | 1,466.3 | −0.001% | $180.6M | $1.24B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,464 | −0.159% | $19K | $846K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.9 | −0.164% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.7 | −0.113% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.2 | +0.062% | $764.8M | $432.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.2 | −0.078% | $14.7M | $29.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,464.2 | −0.147% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.2 | −0.006% | $677.3M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466 | −0.025% | $271.5M | $604.2M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.6 | −0.258% | $888K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,466 | −0.024% | $50.1M | $170.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.1 | −0.017% | $215.7M | $768.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.6 | −0.054% | $103.1M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.2 | −0.013% | $162.9M | $275.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,465.6 | −0.054% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.3 | −0.073% | $570K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | −0.028% | $3.0M | $430K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.037% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.1 | −0.153% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,464.8 | −0.103% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,463.4 | −0.198% | $447K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.3 | +0.063% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465.1 | −0.082% | $241K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465 | −0.091% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,465 | −0.093% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.1 | −0.017% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.9 | −0.099% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,466.5 | +0.011% | $19.2M | $45.8M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0130% | 1h | 1,465.6 | −0.051% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0194% | 1h | 1,465.3 | −0.073% | $18.0M | $43.7M | 25x | as long as short |
| Lighter RH ZEC | +0.0232% | 1h | 1,466.8 | +0.034% | $2.1M | $6.8M | 10x | as long as short |
| Arcus ZEC-USDlong | +0.0277% | 1h | 1,466.3 | long leg | $704K | $8.5M | 10x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0341% | 1h | 1,465.9 | −0.027% | $611K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,465.2 | −0.080% | $848K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,466.7 | +0.023% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0731% | 1h | 1,466.4 | +0.003% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
01 Exchange ZECUSD
Variational Omni ZEC
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD