ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0332%/8h= +36.4% APRnext payment +$0.41 per $10,000 · paid last 24h +0.085%

Price spread now: Coinbase International against Bullet+0.193%7-day average +0.136% · 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−$29as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.183%+$18 on $10k

Price spread, last 3 days (all we have)+0.316%+$32 · spread now +0.193%, 7d avg +0.136%

Together, before fees+0.499%+$50 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 0.057% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ZEC-USD	1,471.7	0.0100	pay 0.0013% / 1h	6m 09s	$128K	$159K	20x
Short	Coinbase International ZEC-PERP-INTX	1,474.6	0.0432	get 0.0054% / 1h	6m 09s	$3.8M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now +0.193%Rate

Funding earned: $69.72
Price spread: +0.193% → +0.136%: $5.66
Slippage, 4 orders: −$17.11
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $40.28
Costs to cover: 0.351%
Break-even: 3.0 days

Slippage from Bullet: live order book, 8 min ago; Coinbase International: 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 Bullet live order book, 8 min ago	1.80 bp	6.6 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.07 bp	11.7 bp −$12	17.0 bp −$170	50.4 bp −$5,042	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	−0.3089%	1h	1,474.7	+0.203%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0262%	1h	1,471.7	−0.002%	$399K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.1	+0.027%	$17.9M	$43.9M	25x	as long as short
Bybit ZECUSDT	−0.0116%	8h	1,470.6	−0.074%	$274.6M	$651.4M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.5	+0.050%	$29.6M	$74.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.4	+0.046%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0062%	8h	1,470.9	−0.056%	$47.7M	$34.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.1	+0.090%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.9	+0.080%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471.9	+0.009%	$84K	$406K	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	1,472.7	+0.070%	$614K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.3	+0.036%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,472.6	+0.058%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,471.8	+0.007%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.6	+0.125%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,471	−0.049%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,471.4	−0.024%	$51.2M	$187.9M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.2	+0.032%	$372K	—	100x	as long as short
ApeX Omni ZECUSDT	+0.0055%	1h	1,473.5	+0.119%	$432K	$844K	50x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.8	+0.074%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.1	+0.023%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473	+0.087%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.1	+0.025%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.7	+0.063%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.6	+0.057%	$762.8M	$472.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.9	+0.012%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.7	+0.068%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.7	−0.005%	$683.1M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.7	+0.134%	$696K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.072%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.9	+0.013%	$225.8M	$845.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.1	+0.024%	$104.5M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.3	−0.028%	$163.6M	$300.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.4	−0.025%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.4	+0.048%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.4	+0.183%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.1	+0.094%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.8	+0.005%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,471.7	long leg	$128K	$159K	20x
Derive ZEC-PERP	+0.0100%	1h	1,470.4	−0.091%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.2	+0.171%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.8	+0.007%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471	−0.049%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472	+0.017%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.2	+0.034%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472	+0.016%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,472.8	+0.073%	$834K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0397%	1h	1,472.1	+0.024%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0432%	1h	1,474.6	+0.193%	$3.8M	$10.6M	50x
Lighter RH ZEC	+0.0440%	1h	1,473.5	+0.118%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0765%	1h	1,473.5	+0.122%	$46K	$47K	10x	as long as short