ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.30 per $10,000 · paid last 24h +0.035%

Price spread now: Arcus against Derive+0.198%7-day average +0.098% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.817%−$82 · spread now +0.198%, 7d avg +0.098%

Together, before fees−0.758%−$76 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Arcus is 0.100% dearer against Derive than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.098%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.059% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 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	Derive ZEC-PERP	1,452.7	0.0100	pay 0.0013% / 1h	50m 41s	$443K	$521K	6.7x
Short	Arcus ZEC-USD	1,455.6	0.0344	get 0.0043% / 1h	50m 41s	$689K	$8.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee ArcusbpOrdersPrice spread, now +0.198%Rate

Funding earned: $51.15
Price spread: +0.198% → +0.098%: $10.04
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $50.7
Costs to cover: 0.105%
Break-even: 0.1 days

Slippage unknown: Derive: no order-book sample; Arcus: live order book, 3 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Arcus live order book, 3 min ago	1.03 bp	4.7 bp −$5	10.8 bp −$108	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3042%	1h	1,455.4	+0.184%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,454	+0.085%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,454.2	+0.104%	$29.4M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.3	+0.109%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.4	+0.116%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.4	+0.049%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.3	+0.105%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,453.8	+0.074%	$290K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0072% / S −0.0024%	1h	1,454	+0.085%	$408K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,453.3	+0.037%	$173K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,453.4	+0.044%	$10K	$848K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.4	+0.047%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.9	+0.081%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454.1	+0.095%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,454	+0.088%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.7	+0.068%	$667.6M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.6	−0.008%	$260.8M	$600.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.3	+0.041%	$177.7M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.7	−0.001%	$395K	$440K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	+0.089%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.5	+0.050%	$50.5M	$170.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.8	+0.076%	$214.5M	$765.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.1	+0.098%	$102.6M	$53.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.6	+0.061%	$165.3M	$270.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,453.8	+0.077%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,453	+0.021%	$47.6M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.8	+0.212%	$566K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.5	+0.261%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	+0.295%	$404K	$941K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,455.5	+0.189%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,453.8	+0.074%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454	+0.091%	$160K	$185K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,452.7	long leg	$443K	$521K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,455.4	+0.187%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,454.2	+0.103%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.7	+0.001%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.6	+0.128%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.4	+0.045%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.8	+0.071%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,453.8	+0.073%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.5	+0.328%	$4.6M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,455	+0.157%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0128%	1h	1,455.1	+0.164%	$756.9M	$428.5M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0180%	1h	1,454.6	+0.126%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0184%	1h	1,454.8	+0.143%	$19.2M	$44.7M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0210%	1h	1,454.7	+0.137%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,453.5	+0.057%	$920K	$1.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,454.2	+0.101%	$18.0M	$45.1M	25x	as long as short
Arcus ZEC-USDshort	+0.0344%	1h	1,455.6	+0.198%	$689K	$8.2M	10x
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,456.9	+0.288%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0682%	1h	1,455.7	+0.204%	$45K	$49K	10x	as long as short