ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.078%

Price spread now: Coinbase International against Aevo+0.153%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.153%, 7d avg +0.122%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.031% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.122%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 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	Aevo ZEC-PERP	1,461.5	0.0104	pay 0.0013% / 1h	53m 24s	$36K	$362K	20x
Short	Coinbase International ZEC-PERP-INTX	1,463.7	0.0424	get 0.0053% / 1h	53m 24s	$3.7M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now +0.153%Rate

Funding earned: $67.2
Price spread: +0.153% → +0.122%: $3.14
Slippage, 4 orders: −$32.09
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $12.24
Costs to cover: 0.581%
Break-even: 5.7 days

Slippage from Aevo: live order book, 31 min ago; Coinbase International: live order book, 6 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 Aevo live order book, 31 min ago	3.99 bp	14.2 bp −$14	26.6 bp −$266	45.3 bp −$4,534	doesn't fit
Sell Coinbase International live order book, 6 min ago	1.53 bp	14.5 bp −$14	18.3 bp −$183	47.3 bp −$4,734	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	−0.3310%	1h	1,462.9	+0.100%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0406%	1h	1,461.6	+0.010%	$17.8M	$44.8M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0104%	1h	1,466	+0.309%	$398K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0094%	8h	1,461.5	−0.002%	$28.9M	$75.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,464	+0.172%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0046%	8h	1,461	−0.034%	$270.1M	$679.2M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.5	+0.414%	$46.8M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.6	+0.009%	$412K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,465.5	+0.276%	$940K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461.9	+0.025%	$83K	$401K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,462.5	+0.071%	$595K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,462	+0.035%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0078%	1h	1,461.5	+0.002%	$559K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,461.2	−0.022%	$293K	$1.5M	20x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,461.4	−0.005%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0052%	8h	1,461.6	+0.004%	$175.2M	$1.37B	50x	as long as short
Gate ZEC_USDT	+0.0056%	8h	1,461.2	−0.017%	$49.9M	$183.4M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,467	+0.377%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,461.4	−0.007%	$14K	$866K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,462.2	+0.052%	$18.9M	$52.3M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,461.4	−0.007%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.9	−0.043%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,461.9	+0.029%	$2.5M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,462.7	+0.083%	$758.8M	$488.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.8	−0.046%	$15.3M	$33.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,461.2	−0.019%	$1.7M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.4	−0.004%	$669.1M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.8	−0.048%	$899K	$25K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461	−0.035%	$220.8M	$850.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.6	+0.007%	$103.2M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.6	+0.008%	$161.7M	$310.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460.1	−0.093%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.7	+0.428%	$511K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,466.2	+0.325%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.8	+0.365%	$431K	$818K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.8	+0.225%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.6	+0.008%	$342K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.1	−0.025%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.9	−0.112%	$446K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463.9	+0.165%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.5	+0.002%	$222K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461	−0.033%	$2.4M	$24.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.2	+0.046%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462	+0.033%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,461.5	long leg	$36K	$362K	20x
RISEx ZEC/USDC	+0.0190%	1h	1,461.5	−0.001%	$842K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0324%	1h	1,462.4	+0.061%	$2.3M	$4.0M	15x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,462.7	+0.086%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0424%	1h	1,463.7	+0.153%	$3.7M	$11.7M	50x
Arcus ZEC-USD	+0.0444%	1h	1,461.8	+0.021%	$739K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0519%	1h	1,464.5	+0.205%	$40K	$34K	10x	as long as short