Funding you earn now, next payment 06:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h −0.038%
Price spread now: Nado against Arcus−0.035%7-day average −0.005% · 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−$22as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 3 days (all we have)−0.057%−$6 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.035%, 7d avg −0.005%
=Together, before fees−0.049%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Nado is 0.030% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.057% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 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 | 1,477.3 | 0.0508 | pay 0.0064% / 1h | 29m 22s | $661K | $8.1M | 10x |
| Short | Nado ZEC-PERP | 1,476.7 | 0.0100 | get 0.0012% / 1h | 29m 22s | $2.9M | $6.3M | 10x |
Arcus ZEC-USD
Nado ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$85.76
- Price spread: −0.035% → −0.005%
- −$2.96
- Slippage, 4 orders
- −$7.06
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$107.29
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 5 min ago; Nado: live order book, 5 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, 5 min ago | 0.31 bp | 2.6 bp −$3 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.03 bp | 5.0 bp −$5 | 12.4 bp −$124 | 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 | −0.3243% | 1h | 1,473.3 | −0.270% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.9 | −0.297% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0079% | 8h | 1,472.6 | −0.313% | $29.9M | $71.2M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,476 | −0.084% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.8 | −0.238% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.8 | −0.096% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,476.9 | −0.025% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,477 | −0.015% | $295K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,477.1 | −0.012% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0088% | 1h | 1,473.4 | −0.261% | $620K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0090% | 8h | 1,476.5 | −0.050% | $262.4M | $589.0M | 75x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,473.3 | −0.267% | $4.7M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,477.1 | −0.013% | $173K | $1.6M | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0098% / S −0.0052% | 1h | 1,476.7 | −0.038% | $440K | — | 100x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,476.3 | −0.063% | $13K | $812K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,476.1 | −0.078% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERPshort | +0.0100% | 1h | 1,476.7 | −0.035% | $2.9M | $6.3M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,477.9 | +0.041% | $769.5M | $419.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,477.2 | −0.006% | $14.5M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,476 | −0.082% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,477.3 | +0.005% | $682.5M | $2.17B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,476.7 | −0.037% | $179.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,475.6 | −0.113% | $399K | $433K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.329% | $889K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,477.2 | −0.006% | $53.5M | $171.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,477.9 | +0.042% | $226.7M | $763.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,477 | −0.021% | $103.8M | $52.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,477 | −0.018% | $167.2M | $267.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,476.8 | −0.033% | — | $107.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,471.5 | −0.392% | $48.3M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469 | −0.559% | $555K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474 | −0.219% | $3.0M | $455K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470.8 | −0.438% | $407K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.306% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476.9 | −0.025% | $363K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,477.5 | +0.017% | $163K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,475.6 | −0.110% | $450K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.2 | −0.138% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473 | −0.292% | $236K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.387% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.2 | −0.278% | $3.9M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,476.3 | −0.062% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,476.9 | −0.021% | $46K | $152K | 20x | as long as short |
| Lighter RH ZEC | +0.0128% | 1h | 1,477.3 | +0.002% | $2.1M | $7.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0146% | 1h | 1,472.7 | −0.312% | $18.0M | $45.6M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,477 | −0.021% | $932K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,477.3 | +0.002% | $19.5M | $44.0M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0378% | 1h | 1,475 | −0.155% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,475.5 | −0.122% | $3.8M | $9.2M | 50x | as long as short |
| Arcus ZEC-USDlong | +0.0508% | 1h | 1,477.3 | long leg | $661K | $8.1M | 10x | |
| Aftermath Perps ZECUSD | +0.0719% | 1h | 1,471.7 | −0.380% | $45K | $49K | 10x | as long as short |
Bybit ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance 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-USDT
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD