ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0396%/8h= +43.4% APRnext payment +$0.50 per $10,000 · paid last 24h +0.163%

Price spread now: Coinbase International against ApeX Omni+1.149%75s7-day average +0.272% · you sell dearer than you buy

Net, funding: paid 7d − costs+$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.489% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.122%+$112 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +1.149%, 7d avg +0.272%

Together, before fees+1.144%+$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.877% dearer against ApeX Omni than usual: you sell high and buy low: +$88 more if the spread goes back to its 7-day average of +0.272%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,472.9	0.0100	pay 0.0013% / 1h	22m 04s	$407K	$926K	50x
Short	Coinbase International ZEC-PERP-INTX	1,489.9	0.0496	get 0.0062% / 1h	22m 04s	$3.8M	$9.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +1.149%Rate

Funding earned: $83.16
Price spread: +1.149% → +0.272%: $87.72
Slippage, 4 orders: −$28.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $121.94
Costs to cover: 0.489%
Break-even: from the start

Slippage from ApeX Omni: live order book, 27 min ago; Coinbase International: live order book, 2 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 ApeX Omni live order book, 27 min ago	3.95 bp	9.0 bp −$9	34.6 bp −$346	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.50 bp	14.8 bp −$15	22.1 bp −$221	58.8 bp −$5,883	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	−0.3243%	1h	1,461.8	−0.757%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,482.6	+0.659%	$30.1M	$71.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,481.1	+0.557%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,482.4	+0.643%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,482.5	+0.647%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,483.5	+0.714%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,484.4	+0.779%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,487.2	+0.967%	$298K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,484.4	+0.777%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,475.1	+0.147%	$4.7M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0093%	8h	1,492.1	+1.304%	$267.6M	$601.5M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,484.4	+0.779%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,484.1	+0.756%	$11K	$823K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,483.2	+0.696%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,484.5	+0.784%	$2.8M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,492.9	+1.356%	$778.1M	$423.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,491.3	+1.251%	$14.7M	$28.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,482.7	+0.663%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,491.9	+1.286%	$692.5M	$2.19B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,493.4	+1.392%	$180.4M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	+0.113%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	+0.431%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,488.8	+1.075%	$54.1M	$173.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,488.1	+1.029%	$230.5M	$767.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,487.5	+0.988%	$105.9M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,493.3	+1.380%	$168.7M	$270.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,492.3	+1.314%	—	$112.2M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	+0.051%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	+0.140%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.9	+0.340%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,472.9	long leg	$407K	$926K	50x
StandX ZEC-USD	+0.0100%	1h	1,479.8	+0.467%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,484.4	+0.779%	$366K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,484.3	+0.773%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,485.9	+0.883%	$454K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,489.1	+1.098%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,486.7	+0.936%	$246K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,488.6	+1.060%	$2.5M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,488.4	+1.049%	$3.9M	$4.8M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0100% / S −0.0054%	1h	1,484.5	+0.786%	$442K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,487	+0.953%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,486.8	+0.945%	$45K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,489.6	+1.129%	$2.1M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,487.1	+0.965%	$18.2M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,484	+0.749%	$937K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,488.4	+1.048%	$19.7M	$44.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0389%	1h	1,492.2	+1.307%	$2.4M	$3.7M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0453%	1h	1,488.6	+1.062%	$633K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0496%	1h	1,489.9	+1.149%	$3.8M	$9.4M	50x
Arcus ZEC-USD	+0.0508%	1h	1,484	+0.753%	$656K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0705%	1h	1,477.4	+0.301%	$45K	$49K	10x	as long as short