ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0266%/8h= +29.2% APRnext payment +$2.66 per $10,000 · paid last 24h +0.042%

Price spread now: OKX against BloFin−0.273%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.736%−$74 · spread now −0.273%, 7d avg −0.009%

Together, before fees−0.597%−$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.264% cheaper against BloFin than usual: you would sell low and buy high (spread −0.273% now, against its 7-day average of −0.009%). If the spread goes back, that is −$26 on $10k: about 3.3 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.140% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.66 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	BloFin ZEC-USDT	1,497.1	−0.0166	get 0.0166% / 8h	7h 09m	$31.4M	$75.4M	75x
Short	OKX ZEC-USDT-SWAP	1,493	0.0100	get 0.0100% / 8h	7h 09m	$185.0M	$1.35B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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 BloFinbpFee OKXbpOrdersPrice spread, now −0.273%Rate

Funding earned: $55.92
Price spread: −0.273% → −0.009%: −$26.4
Slippage, 4 orders: −$3.35
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $4.17
Costs to cover: 0.254%
Break-even: 6.5 days

Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 5 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 BloFin live order book, 5 min ago	0.60 bp	7.1 bp −$7	9.6 bp −$96	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.03 bp	5.6 bp −$6	9.0 bp −$90	18.1 bp −$1,812	doesn't fit

ZEC on 50 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	−0.3702%	1h	1,491.4	−0.383%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,496.9	−0.012%	$61K	$307K	10x	as long as short
Aftermath Perps ZECUSD	−0.0256%	1h	1,504.1	+0.468%	$46K	$60K	10x	as long as short
BloFin ZEC-USDTlong	−0.0166%	8h	1,497.1	long leg	$31.4M	$75.4M	75x
Hotstuff ZEC-PERP	−0.0080%	1h	1,501.1	+0.265%	$6K	$1K	10x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,499.3	+0.150%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,496.7	−0.029%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,497.4	+0.018%	$18.3M	$47.5M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,500.6	+0.234%	$8K	$6K	5x	as long as short
dYdX ZEC-USD	+0.0025%	1h	1,501.3	+0.279%	$414K	$34K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,503	+0.393%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,496.6	−0.033%	$302K	$859K	20x	as long as short
ApeX Omni ZECUSDT	+0.0096%	1h	1,504.7	+0.508%	$413K	$953K	50x	as long as short
Lighter ZEC	+0.0096%	1h	1,498.3	+0.082%	$19.6M	$45.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,498.6	+0.099%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,500.6	+0.235%	$176K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,500.9	+0.253%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,500.9	+0.252%	$14K	$879K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,499.1	+0.135%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,497.5	+0.028%	$785.5M	$442.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,493.5	−0.236%	$13.9M	$29.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,501.4	+0.290%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,493.6	−0.230%	$705.9M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,493.2	−0.262%	$270.8M	$607.9M	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,493	−0.273%	$185.0M	$1.35B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,501	+0.262%	$409K	$535K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,502.3	+0.346%	$597K	$8.8M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.1	+0.736%	$776K	$147K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.2	−0.126%	$60.3M	$188.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,497.1	+0.002%	$404.9M	$845.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.6	−0.035%	$102.4M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,494.9	−0.147%	$162.1M	$290.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,493.5	−0.237%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,496.2	−0.060%	$2.3M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,502.7	+0.375%	$49.7M	$35.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503	+0.395%	$549K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.2	+0.412%	$3.1M	$561K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.7	+0.441%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.3	+0.215%	$372K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,497.3	+0.014%	$168K	$191K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,498.6	+0.103%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,497.1	+0.003%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.7	−0.023%	$2.7M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497.5	+0.031%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.9	−0.015%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.3	−0.051%	$43K	$157K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0154%	1h	1,497.6	+0.036%	$685K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,501.3	+0.280%	$979K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0165% / S −0.0164%	1h	1,497.2	+0.010%	$341K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,498.3	+0.082%	$3.8M	$9.8M	50x	as long as short