Funding you earn now, next payment 05:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.035%
Price spread now: Arcus against KuCoin+0.165%7-day average +0.053% · 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−$17as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 4 days (all we have)+0.080%+$8 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now +0.165%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Arcus is 0.112% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.053%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.080% in total (about 8.2% a year). A funding rate is set anew for every payment. 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 | KuCoin ZECUSDTM | 1,451.5 | 0.0100 | pay 0.0100% / 8h | 3h 46m | $102.4M | $53.4M | 75x |
| Short | Arcus ZEC-USD | 1,453.9 | 0.0344 | get 0.0043% / 1h | 46m 17s | $690K | $8.2M | 10x |
KuCoin ZECUSDTM
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against KuCoin. 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
- $51.15
- Price spread: +0.165% → +0.053%
- $11.24
- Slippage, 4 orders
- −$11.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $34.16
- Costs to cover
- 0.282%
- Break-even
- 2.3 days
Slippage from KuCoin: live order book, 3 min ago; Arcus: live order book, 3 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 KuCoin live order book, 3 min ago | 0.55 bp | 10.9 bp −$11 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 3 min ago | 0.32 bp | 3.7 bp −$4 | 10.5 bp −$105 | 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 | −0.3042% | 1h | 1,454 | +0.175% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.5 | 0.000% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,451.5 | −0.001% | $29.4M | $70.3M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.8 | +0.024% | $409K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.1 | +0.043% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.4 | −0.078% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,451.5 | −0.003% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,451.3 | −0.012% | $290K | $943K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0079% / S −0.0029% | 1h | 1,451.3 | −0.010% | $432K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,452.6 | +0.078% | $2.1M | $7.0M | 10x | 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
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,451.1 | −0.024% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,451.1 | −0.025% | $13K | $851K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.1 | −0.027% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.7 | +0.017% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,451.7 | +0.017% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.6 | +0.006% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,451.9 | +0.030% | $666.8M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.4 | −0.006% | $260.9M | $600.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,451.9 | +0.031% | $177.4M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.7 | +0.083% | $394K | $439K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | +0.174% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,451.4 | −0.006% | $50.5M | $170.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452 | +0.032% | $216.2M | $766.3M | 150x | as long as short |
| KuCoin ZECUSDTMlong | +0.0100% | 8h | 1,451.5 | long leg | $102.4M | $53.4M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,451.5 | +0.001% | $165.0M | $270.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,451.3 | −0.010% | — | $105.5M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,453 | +0.106% | $47.6M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,452.9 | +0.099% | $565K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454 | +0.172% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,453.1 | +0.113% | $403K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.1 | +0.043% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.1 | −0.027% | $352K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.2 | −0.018% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,450.3 | −0.085% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,453.5 | +0.140% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,451.4 | −0.007% | $232K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451 | −0.034% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.3 | +0.053% | $3.8M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,451.3 | −0.010% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.4 | −0.010% | $47K | $151K | 20x | as long as short |
| Hyperliquid ZEC | +0.0111% | 1h | 1,452.5 | +0.070% | $755.6M | $428.6M | 10x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,454.5 | +0.209% | $4.6M | $1.3M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,451.3 | −0.012% | $8K | $7K | 5x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0133% | 1h | 1,452.1 | +0.045% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,452.9 | +0.094% | $19.1M | $44.7M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,451.4 | −0.004% | $918K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0221% | 1h | 1,452.1 | +0.044% | $613K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0334% | 1h | 1,451.3 | −0.014% | $18.0M | $45.2M | 25x | as long as short |
| Arcus ZEC-USDshort | +0.0344% | 1h | 1,453.9 | +0.165% | $690K | $8.2M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,454.1 | +0.182% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0673% | 1h | 1,453.7 | +0.152% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
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
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
Hyperliquid ZEC
Phoenix ZEC
01 Exchange ZECUSD
Backpack ZEC_USDC_PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD