ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.084%

Price spread now: Binance against Coinbase International−0.025%53s7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$340.345% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 3 days (all we have)−0.792%−$79 · spread now −0.025%, 7d avg −0.127%

Together, before fees−0.929%−$93 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.102% dearer against Coinbase International than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.127%): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.137% in total) that is about 5.2 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,452.3	0.0440	pay 0.0055% / 1h	38m 18s	$3.7M	$11.4M	50x
Short	Binance ZECUSDT	1,451.9	0.0100	get 0.0100% / 8h	2h 38m	$659.3M	$2.53B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: −$71.4
Price spread: −0.025% → −0.127%: $10.21
Slippage, 4 orders: −$14.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$95.65
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Binance: live order book, 6 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, 6 min ago	2.58 bp	10.8 bp −$11	15.2 bp −$152	50.1 bp −$5,015	doesn't fit
Sell Binance live order book, 6 min ago	0.03 bp	5.0 bp −$5	6.3 bp −$63	15.0 bp −$1,498	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	−0.3476%	1h	1,438.1	−0.977%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,451.1	−0.082%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.1	−0.086%	$17.7M	$44.3M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450.7	−0.108%	$28.9M	$74.8M	75x	as long as short
Variational Omni ZEC	−0.0017%	8h	1,451.4	−0.063%	$45.5M	$32.1M	—	as long as short
Bybit ZECUSDT	−0.0002%	8h	1,451.5	−0.053%	$268.9M	$675.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451	−0.092%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,451.2	−0.078%	$899K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451	−0.093%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,451.7	−0.040%	$591K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452	−0.020%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,452.1	−0.016%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0033% / S +0.0069%	1h	1,452	−0.022%	$544K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0053%	8h	1,452.1	−0.012%	$171.9M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0068%	8h	1,451.8	−0.038%	$49.1M	$186.5M	75x	as long as short
Aster ZECUSDT	+0.0070%	8h	1,451.1	−0.080%	$15.2M	$34.6M	75x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,451.7	−0.041%	$8K	$8K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0077%	1h	1,451	−0.090%	$394K	$519K	5x	as long as short
Katana Perps ZEC-USD	+0.0094%	8h	1,451.2	−0.078%	$15K	$865K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,451.4	−0.059%	$18.7M	$54.0M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,451	−0.093%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451	−0.089%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.9	−0.095%	$3.0M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,451.9	−0.028%	$751.6M	$489.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,450.8	−0.107%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,451.9	−0.025%	$659.3M	$2.53B	75x
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.013%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.7	−0.040%	$219.7M	$886.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,450.9	−0.096%	$103.5M	$56.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451	−0.091%	$161.6M	$312.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451.2	−0.074%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,451.2	−0.078%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,451.4	−0.064%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.1	−0.013%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.9	−0.028%	$706K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.2	+0.129%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,450.5	−0.125%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451.8	−0.036%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.6	−0.186%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.2	−0.010%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.3	−0.067%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450.3	−0.140%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.1	−0.153%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.9	+0.039%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,452.1	−0.012%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.2	−0.007%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,451.7	−0.040%	$863K	$2.2M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0440%	1h	1,452.3	long leg	$3.7M	$11.4M	50x
Aftermath Perps ZECUSD	+0.0447%	1h	1,452.6	+0.019%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,453.1	+0.056%	$756K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0736%	1h	1,452.9	+0.041%	$1.9M	$8.4M	10x	as long as short