Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Bulk against Pacifica−2.010%7-day average −0.038% · 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−$218as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 4 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+2.080%+$208 · spread now −2.010%, 7d avg −0.038%
=Together, before fees+2.030%+ Points / potential airdropPacifica: Active · farm board+$203 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 1.972% cheaper against Pacifica than usual: you would sell low and buy high, −$197 on $10k if it goes back to its 7-day average of −0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZEC | 1,509.6 | 0.0100 | pay 0.0013% / 1h | 17m 19s | $1.7M | $2.4M | 10x |
| Short | Bulk ZEC-USD | 1,479.3 | 0.0100 | get 0.0013% / 1h | 17m 19s | $894K | $15K | 10x |
Pacifica ZEC
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Pacifica. 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
- $0
- Price spread: −2.010% → −0.038%
- −$197.21
- Slippage, 4 orders
- −$6.27
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$218.48
- Costs to cover
- 0.213%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 2 min ago; Bulk: live order book, 32 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 Pacifica live order book, 2 min ago | 1.82 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 32 min ago | 0.34 bp | 3.8 bp −$4 | 4.6 bp −$46 | 7.3 bp −$727 | 14.3 bp −$7,141 |
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 | 1,488.7 | −1.389% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0152% | 8h | 1,501.8 | −0.517% | $30.2M | $73.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,508.8 | −0.057% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,507 | −0.177% | $419K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,507.9 | −0.114% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,511.4 | +0.120% | $86K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,514.7 | +0.338% | $5.4M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0066% | 8h | 1,514.8 | +0.339% | $306K | $900K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,512.1 | +0.161% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,507.5 | −0.143% | $4.8M | $1.3M | 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
01 Exchange ZECUSD
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,511.5 | +0.125% | $144K | $1.7M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,510.9 | +0.082% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,512.8 | +0.208% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,513.3 | +0.243% | $791.2M | $431.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,513.8 | +0.278% | $14.7M | $29.1M | 75x | as long as short |
| Pacifica ZEClong | +0.0100% | 1h | 1,509.6 | long leg | $1.7M | $2.4M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,513.8 | +0.278% | $702.3M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,515 | +0.354% | $275.3M | $612.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,514.9 | +0.352% | $182.0M | $1.29B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,502.6 | −0.465% | $403K | $488K | 5x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,479.3 | −2.010% | $894K | $15K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,512 | +0.156% | $55.0M | $177.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,511.8 | +0.145% | $229.6M | $773.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,512.7 | +0.200% | $104.9M | $54.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,515.3 | +0.377% | $167.7M | $275.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,515.1 | +0.362% | — | $113.1M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,494.7 | −0.990% | $48.9M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,492.9 | −1.105% | $562K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.9 | −0.245% | $3.1M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,502.9 | −0.449% | $416K | $928K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,506.4 | −0.216% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,512.5 | +0.190% | $372K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,512.3 | +0.175% | $166K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,513.9 | +0.284% | $462K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,510.3 | +0.043% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,508.3 | −0.090% | $249K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,506.8 | −0.186% | $2.6M | $19.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,508.5 | −0.075% | $4.0M | $4.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,511.2 | +0.102% | $13K | $847K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0103% / S −0.0075% | 1h | 1,513.9 | +0.281% | $404K | — | 100x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,511.3 | +0.113% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,515.2 | +0.369% | $46K | $153K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0143% | 1h | 1,508.6 | −0.067% | $18.4M | $45.9M | 25x | as long as short |
| Lighter RH ZEC | +0.0152% | 1h | 1,509.8 | +0.008% | $2.2M | $7.2M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,511.7 | +0.135% | $948K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,508.8 | −0.054% | $19.8M | $44.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0446% | 1h | 1,508.4 | −0.082% | $2.3M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,510.1 | +0.032% | $3.7M | $9.8M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,509.6 | 0.000% | $617K | $8.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0559% | 1h | 1,516.4 | +0.449% | $720K | $1.4M | 25x | as long as short |
| Aftermath Perps ZECUSD | +0.0626% | 1h | 1,494.4 | −1.010% | $51K | $60K | 10x | as long as short |
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
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
Katana Perps ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
Extended ZEC-USD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
Lighter RH ZEC
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Aftermath Perps ZECUSD