Settings8H · net · $10k
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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 21:00 UTC+0.0446%/8h= +48.8% APRpaid last 24h +0.088%
Price spread now: Coinbase International against Bybit+0.234%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Long on BybitShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.063%−$6 on $10k
Price spread, last 3 days (all we have)+0.576%+$58 · spread now +0.234%, 7d avg +0.138%
Together, before fees+0.513%+$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.096% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.138%. Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZECUSDT1,452−0.0006get 0.0006% / 8h2h 43m$268.8M$674.4M75x
ShortCoinbase International ZEC-PERP-INTX1,455.40.0440get 0.0055% / 1h43m 31s$3.7M$11.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$93.62
Price spread: +0.234% → +0.138%
$9.62
Slippage, 4 orders
−$17.76
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$64.48
Costs to cover
0.388%
Break-even
2.2 days
Slippage from Bybit: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 6 min ago0.03 bp6.5 bp −$610.3 bp −$10317.2 bp −$1,71735.1 bp −$17.6K
Sell Coinbase International live order book, 6 min ago1.96 bp16.2 bp −$1620.7 bp −$20762.3 bp −$6,225doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3476%1h1,437.8−0.980%$33K$275K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,453.9+0.129%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0071%1h1,453.5+0.097%$17.6M$44.3M25xas long as short
BloFin ZEC-USDT−0.0066%8h1,451.8−0.014%$28.9M$74.9M75xas long as short
Variational Omni ZEC−0.0019%8h1,451.4−0.045%$45.7M$32.0M—as long as short
Bybit ZECUSDTlong−0.0006%8h1,452long leg$268.8M$674.4M75x
dYdX ZEC-USD0.0000%1h1,453.4+0.094%$409K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,451.9−0.010%$844K$5.5M2.2xas long as short
Perpl ZEC0.0000%43m1,452.8+0.050%$82K$401K10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0005%1h1,454.6+0.176%$566K$1.3M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,453.6+0.110%$5.1M—150xas long as short
Orderly PERP_ZEC_USDC+0.0011%8h1,453.7+0.111%$291K$1.5M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0036% / S +0.0067%1h1,453.4+0.095%$544K—100xas long as short
OKX ZEC-USDT-SWAP+0.0044%8h1,452.9+0.059%$172.0M$1.36B50xas long as short
01 Exchange ZECUSD+0.0064%1h1,453.3+0.088%$8K$8K5xas long as short
Aster ZECUSDT+0.0065%8h1,453.7+0.118%$15.3M$35.1M75xas long as short
Gate ZEC_USDT+0.0067%8h1,453.8+0.122%$49.2M$185.8M75xas long as short
Ondo Perps ZEC-USD.P+0.0074%1h1,449.7−0.161%$394K$517K5xas long as short
Katana Perps ZEC-USD+0.0095%8h1,453.3+0.087%$17K$872K10xas long as short
Lighter ZEC+0.0096%1h1,454.9+0.194%$18.7M$53.9M20xas long as short
Popdex ZECUSDT+0.0096%1h1,453+0.066%$178K$2.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,454+0.133%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,454.1+0.140%$3.0M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,454.7+0.183%$752.2M$495.2M10xas long as short
Pacifica ZEC+0.0100%1h1,454.1+0.142%$1.6M$3.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,453+0.065%$658.8M$2.53B75xas long as short
Bulk ZEC-USD+0.0100%1h1,455+0.201%$896K$37K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,453.9+0.127%$220.3M$884.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,454.2+0.150%$103.8M$56.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,452.8+0.052%$161.8M$313.8M75xas long as short
BingX ZEC-USDT+0.0100%8h1,453.8+0.118%—$105.3M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,454.6+0.176%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,451.7−0.024%$487K$9.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,453+0.068%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,451.9−0.011%$706K$606K50xas long as short
StandX ZEC-USD+0.0100%1h1,453.9+0.126%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,452.6+0.039%$298K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,453.3+0.090%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,452.5+0.030%$442K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,456.4+0.303%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,453.6+0.109%$220K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,452.5+0.032%$2.4M$24.8M75xas long as short
Phemex ZECUSDT+0.0100%8h1,453.5+0.103%$3.7M$5.4M50xas long as short
Phoenix ZEC+0.0103%1h1,452.8+0.055%$4.6M$1.6M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,453.7+0.112%$36K$362K20xas long as short
Extended ZEC-USD+0.0168%1h1,453.8+0.123%$3.3M$7.0M10xas long as short
RISEx ZEC/USDC+0.0219%1h1,453.6+0.110%$863K$2.5M10xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0440%1h1,455.4+0.234%$3.7M$11.5M50x
Aftermath Perps ZECUSD+0.0449%1h1,453.7+0.115%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,455.5+0.236%$753K$7.8M10xas long as short
Lighter RH ZEC+0.0712%1h1,455.9+0.266%$1.9M$8.4M10xas long as short