ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0340%/8h= −37.2% APRnext payment −$0.43 per $10,000 · paid last 24h −0.098%

Price spread now: Bulk against Coinbase International+0.233%7-day average −0.146% · 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+$8as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.211%−$21 on $10k

Price spread, last 3 days (all we have)−1.560%−$156 · spread now +0.233%, 7d avg −0.146%

Together, before fees−1.772%−$177 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.379% dearer against Coinbase International than usual: you sell high and buy low (spread +0.233% now, against its 7-day average of −0.146%): +$38 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,451.5	0.0440	pay 0.0055% / 1h	56m 28s	$3.7M	$11.5M	50x
Short	Bulk ZEC-USD	1,454.9	0.0100	get 0.0013% / 1h	56m 28s	$896K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.233%Rate

Funding earned: −$71.4
Price spread: +0.233% → −0.146%: $37.93
Slippage, 4 orders: −$12.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$62.91
Costs to cover: 0.294%
Break-even: from the start

Slippage from Coinbase International: live order book, 3 min ago; Bulk: live order book, 32 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, 3 min ago	1.51 bp	11.1 bp −$11	16.9 bp −$169	48.6 bp −$4,863	doesn't fit
Sell Bulk live order book, 32 min ago	0.07 bp	3.6 bp −$4	3.9 bp −$39	8.6 bp −$858	18.5 bp −$9,234

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	1,454.5	+0.207%	$34K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452	+0.034%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,449.2	−0.156%	$17.6M	$44.8M	25x	as long as short
BloFin ZEC-USDT	−0.0059%	8h	1,450.1	−0.094%	$29.1M	$76.1M	75x	as long as short
Variational Omni ZEC	−0.0041%	8h	1,455.2	+0.258%	$46.3M	$31.5M	—	as long as short
Bybit ZECUSDT	−0.0018%	8h	1,451.9	+0.026%	$268.5M	$679.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,453.4	+0.131%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,450.6	−0.064%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.1	+0.038%	$82K	$400K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,450.1	−0.097%	$567K	$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
Orderly PERP_ZEC_USDC	+0.0005%	8h	1,449.6	−0.130%	$291K	$1.5M	20x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.5	+0.070%	$5.1M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0033%	8h	1,452.3	+0.057%	$172.6M	$1.37B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,452.8	+0.092%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0042% / S +0.0061%	1h	1,449.5	−0.138%	$535K	—	100x	as long as short
Phoenix ZEC	+0.0045%	1h	1,455.2	+0.252%	$4.6M	$1.5M	10x	as long as short
Aster ZECUSDT	+0.0047%	8h	1,452.6	+0.076%	$15.1M	$35.3M	75x	as long as short
Gate ZEC_USDT	+0.0062%	8h	1,453.1	+0.108%	$49.2M	$184.8M	75x	as long as short
MEXC ZEC_USDT	+0.0092%	8h	1,452.5	+0.067%	$214.5M	$877.3M	150x	as long as short
Binance ZECUSDT	+0.0094%	8h	1,452.7	+0.082%	$661.1M	$2.55B	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,452.8	+0.091%	$17K	$886K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.4	+0.064%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.7	+0.153%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.7	+0.083%	$3.0M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452.9	+0.096%	$752.3M	$508.7M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,454.1	+0.181%	$1.6M	$3.1M	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,449.9	−0.110%	$393K	$522K	5x	as long as short
Bulk ZEC-USDshort	+0.0100%	1h	1,454.9	+0.233%	$896K	$37K	10x
KuCoin ZECUSDTM	+0.0100%	8h	1,452.3	+0.055%	$103.8M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,452.4	+0.065%	$162.4M	$317.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,452.7	+0.083%	—	$108.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,451.1	−0.030%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.3	+0.121%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.4	+0.059%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.6	+0.075%	$711K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,451.1	−0.025%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.1	+0.041%	$298K	$2.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.2	+0.045%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,448.3	−0.221%	$440K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.6	+0.076%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,449.6	−0.128%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,448.9	−0.177%	$2.4M	$25.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.5	−0.070%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,449.7	−0.122%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0144%	1h	1,455.2	+0.252%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,453.2	+0.115%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0440%	1h	1,451.5	long leg	$3.7M	$11.5M	50x
Extended ZEC-USD	+0.0456%	1h	1,452.9	+0.099%	$3.3M	$7.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0462%	1h	1,453.8	+0.157%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,455.2	+0.255%	$753K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0632%	1h	1,456	+0.310%	$2.0M	$8.4M	10x	as long as short