Funding you earn now, next payment 03:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.035%
Price spread now: Arcus against Bullet+0.142%7-day average +0.016% · 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−$12as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 3 days (all we have)+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)−1.052%−$105 · spread now +0.142%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Arcus is 0.126% dearer against Bullet than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet ZEC-USD | 1,457 | 0.0100 | pay 0.0013% / 1h | 9m 54s | $160K | $185K | 20x |
| Short | Arcus ZEC-USD | 1,459 | 0.0277 | get 0.0035% / 1h | 9m 54s | $712K | $8.5M | 10x |
Bullet ZEC-USD
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bullet. 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: +0.142% → +0.016%
- $12.6
- Slippage, 4 orders
- −$11.85
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $25.45
- Costs to cover
- 0.243%
- Break-even
- 2.2 days
Slippage from Bullet: live order book, 54 min ago; Arcus: live order book, 4 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 Bullet live order book, 54 min ago | 1.80 bp | 6.8 bp −$7 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.51 bp | 5.6 bp −$6 | 14.1 bp −$141 | 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 | −0.3244% | 1h | 1,441.1 | −1.087% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0084% | 8h | 1,457.8 | +0.056% | $29.4M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.5 | +0.038% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.1 | +0.080% | $411K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,457.7 | +0.051% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.8 | −0.015% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.9 | −0.007% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0052% | 8h | 1,456.8 | −0.013% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,456.6 | −0.025% | $409K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,458.4 | +0.098% | $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 | 1,457.6 | +0.043% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457.2 | +0.016% | $13K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,458.1 | +0.078% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458 | +0.070% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.4 | −0.176% | $755.7M | $433.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456.4 | −0.038% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.8 | +0.059% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.9 | −0.213% | $666.6M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,453.2 | −0.262% | $262.7M | $605.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453.5 | −0.237% | $177.9M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | −0.115% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.033% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,454.1 | −0.200% | $50.1M | $175.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.3 | −0.185% | $213.8M | $780.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.1 | −0.197% | $101.9M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.6 | −0.230% | $161.5M | $273.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,455 | −0.133% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | −0.040% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.7 | −0.019% | $567K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.6 | −0.025% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.2 | −0.054% | $410K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,457.4 | +0.028% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.036% | $369K | $1.9M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,457 | long leg | $160K | $185K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.8 | −0.082% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.7 | +0.185% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.3 | +0.024% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.3 | +0.023% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.2 | +0.018% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,454 | −0.205% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.7 | −0.018% | $47K | $153K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0109% | 1h | 1,457.3 | +0.020% | $2.4M | $3.8M | 15x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,457.9 | +0.063% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,457.1 | +0.006% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,458.4 | +0.097% | $19.1M | $46.7M | 20x | as long as short |
| Arcus ZEC-USDshort | +0.0277% | 1h | 1,459 | +0.142% | $712K | $8.5M | 10x | |
| Lighter RH ZEC | +0.0352% | 1h | 1,458.8 | +0.125% | $2.0M | $6.9M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0405% | 1h | 1,457.7 | +0.054% | $613K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,458.2 | +0.081% | $834K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,458.4 | +0.100% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0690% | 1h | 1,458 | +0.071% | $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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD