ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0356%/8h= −39.0% APRnext payment −$0.44 per $10,000 · paid last 24h −0.176%

Price spread now: ApeX Omni against Coinbase International+0.347%75s7-day average −0.276% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as 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−$480.475% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−1.104%−$110 on $10k

Price spread, last 4 days (all we have)−1.489%−$149 · spread now +0.347%, 7d avg −0.276%

Together, before fees−2.593%−$259 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.623% dearer against Coinbase International than usual: you sell high and buy low (spread +0.347% now, against its 7-day average of −0.276%): +$62 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5.8 days. 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	Coinbase International ZEC-PERP-INTX	1,453.8	0.0456	pay 0.0057% / 1h	40m 07s	$3.6M	$9.0M	50x
Short	ApeX Omni ZECUSDT	1,458.9	0.0100	get 0.0013% / 1h	40m 07s	$420K	$883K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now +0.347%Rate

Funding earned: −$74.76
Price spread: +0.347% → −0.276%: $62.3
Slippage, 4 orders: −$27.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$59.99
Costs to cover: 0.475%
Break-even: from the start

Slippage from Coinbase International: live order book, 4 min ago; ApeX Omni: live order book, 24 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 Coinbase International live order book, 4 min ago	2.49 bp	11.9 bp −$12	15.1 bp −$151	46.5 bp −$4,652	doesn't fit
Sell ApeX Omni live order book, 24 min ago	4.56 bp	13.4 bp −$13	36.7 bp −$367	doesn't fit	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	−0.3244%	1h	1,460	+0.429%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,454.4	+0.038%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,455.1	+0.087%	$29.4M	$70.8M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.3	+0.035%	$410K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.1	+0.019%	$962K	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.3	−0.036%	$83K	$249K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,452.2	−0.112%	$604K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.3	−0.105%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0038%	8h	1,451.8	−0.138%	$290K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,451.9	−0.129%	$377K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0061%	1h	1,459	+0.357%	$396K	$433K	5x	as long as short
Phoenix ZEC	+0.0074%	1h	1,459.6	+0.398%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,454.3	+0.032%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,453.9	+0.004%	$11K	$853K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.7	−0.008%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,454.2	+0.024%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.4	+0.041%	$756.9M	$434.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.2	−0.114%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,454.4	+0.043%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.3	−0.036%	$667.2M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.9	−0.064%	$267.6M	$608.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.4	−0.026%	$179.2M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	+0.333%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.3	−0.034%	$49.8M	$171.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.1	−0.047%	$212.8M	$772.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.5	−0.090%	$102.0M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.7	−0.009%	$160.9M	$276.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.5	−0.092%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.2	−0.041%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.9	+0.076%	$47.2M	$32.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.6	+0.398%	$568K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.376%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,458.9	+0.347%	$420K	$883K	50x
StandX ZEC-USD	+0.0100%	1h	1,459.5	+0.389%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,453.3	−0.035%	$323K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452	−0.127%	$126K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,450.7	−0.216%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.7	+0.058%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.2	−0.108%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.4	−0.163%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452.9	−0.061%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,451.8	−0.139%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,454.6	+0.055%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.7	−0.143%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0168%	1h	1,453.8	+0.002%	$19.0M	$46.1M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,452.5	−0.088%	$17.8M	$44.0M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,456.5	+0.185%	$720K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0336%	1h	1,453.9	+0.006%	$2.0M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,454.3	+0.030%	$825K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0456%	1h	1,453.8	long leg	$3.6M	$9.0M	50x
Aftermath Perps ZECUSD	+0.0722%	1h	1,459.7	+0.407%	$43K	$46K	10x	as long as short