ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0259%/8h= −28.4% APRnext payment −$0.32 per $10,000 · paid last 24h −0.033%

Price spread now: Arcus against Coinbase International+0.054%7-day average −0.092% · 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−$18as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.144%−$14 on $10k

Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.054%, 7d avg −0.092%

Together, before fees−0.652%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.146% dearer against Coinbase International than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.092%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,483.4	0.0480	pay 0.0060% / 1h	42m 31s	$3.6M	$9.9M	50x
Short	Arcus ZEC-USD	1,484.2	0.0221	get 0.0028% / 1h	42m 31s	$624K	$8.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$54.45
Price spread: +0.054% → −0.092%: $14.58
Slippage, 4 orders: −$18.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$72.56
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Arcus: 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 Coinbase International live order book, 2 min ago	1.96 bp	11.7 bp −$12	15.5 bp −$155	63.9 bp −$6,386	doesn't fit
Sell Arcus live order book, 2 min ago	0.00 bp	7.2 bp −$7	15.4 bp −$154	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	−0.3684%	1h	1,484.2	+0.054%	$34K	$273K	12x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	−0.173%	$895K	$15K	10x	as long as short
BloFin ZEC-USDT	−0.0116%	8h	1,481.3	−0.141%	$30.7M	$73.6M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,481.8	−0.106%	$18.0M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,482.7	−0.047%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,480.9	−0.167%	$412K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,483.3	−0.005%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,481.8	−0.104%	$61K	$297K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,482.3	−0.073%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0074%	8h	1,481.9	−0.102%	$298K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,483.3	−0.008%	$158K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,482.5	−0.058%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,482.5	−0.057%	$13.8M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,481.5	−0.125%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,483	−0.025%	$690.4M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,482.8	−0.038%	$269.3M	$624.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,482.7	−0.048%	$179.3M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,484.2	+0.055%	$405K	$505K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,481.9	−0.100%	$54.2M	$180.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,481.7	−0.113%	$238.2M	$777.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,481.7	−0.111%	$101.8M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,482.9	−0.034%	$160.1M	$288.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,482.3	−0.074%	—	$114.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,482	−0.091%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,484.4	+0.067%	$48.5M	$33.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,484.8	+0.094%	$568K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,485.5	+0.143%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,486.5	+0.210%	$411K	$933K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,482.4	−0.067%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,482.3	−0.073%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,482.4	−0.069%	$163K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,480.9	−0.166%	$452K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,484.4	+0.069%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,482.4	−0.065%	$252K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,481.9	−0.099%	$2.6M	$19.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,482.4	−0.068%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,480.8	−0.174%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,483	−0.024%	$11K	$864K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,481.8	−0.105%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,481.7	−0.114%	$42K	$152K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0124% / S −0.0113%	1h	1,482.1	−0.089%	$429K	—	100x	as long as short
01 Exchange ZECUSD	+0.0128%	1h	1,483.7	+0.021%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,482.7	−0.046%	$927K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,485	+0.107%	$4.7M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0144%	1h	1,482.6	−0.051%	$705K	$1.4M	25x	as long as short
Aftermath Perps ZECUSD	+0.0181%	1h	1,484.5	+0.078%	$48K	$63K	10x	as long as short
Hyperliquid ZEC	+0.0185%	1h	1,482	−0.093%	$770.0M	$441.2M	10x	as long as short
Arcus ZEC-USDshort	+0.0221%	1h	1,484.2	+0.054%	$624K	$8.6M	10x
Lighter ZEC	+0.0264%	1h	1,482.2	−0.078%	$19.4M	$45.6M	20x	as long as short
Lighter RH ZEC	+0.0272%	1h	1,483.2	−0.011%	$2.1M	$7.3M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0480%	1h	1,483.4	long leg	$3.6M	$9.9M	50x