ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.41 per $10,000 · paid last 24h −0.082%

Price spread now: Bullet against Coinbase International−0.133%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Coinbase International Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.179%−$18 on $10k

Price spread, last 3 days (all we have)−0.464%−$46 · spread now −0.133%, 7d avg −0.135%

Together, before fees−0.643%−$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.135%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,476.4	0.0432	pay 0.0054% / 1h	55m 45s	$3.8M	$11.5M	50x
Short	Bullet ZEC-USD	1,474.4	0.0100	get 0.0013% / 1h	55m 45s	$128K	$159K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$69.72
Price spread: −0.133% → −0.135%: $0.22
Slippage, 4 orders: −$18.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$106.31
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Bullet: live order book, 23 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	1.36 bp	9.4 bp −$9	13.2 bp −$132	36.6 bp −$3,657	doesn't fit
Sell Bullet live order book, 23 min ago	1.81 bp	7.3 bp −$7	11.9 bp −$119	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	−0.3089%	1h	1,474	−0.165%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0315%	1h	1,473.5	−0.196%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0224%	1h	1,474.4	−0.136%	$18.0M	$45.0M	25x	as long as short
BloFin ZEC-USDT	−0.0110%	8h	1,474.6	−0.124%	$29.5M	$75.8M	75x	as long as short
Bybit ZECUSDT	−0.0082%	8h	1,473.7	−0.181%	$273.5M	$666.1M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.9	−0.102%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0037%	8h	1,468.5	−0.537%	$46.8M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.8	−0.177%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,476.8	+0.028%	$901K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.6	−0.125%	$84K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,475.4	−0.070%	$615K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,475.1	−0.085%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0009%	8h	1,474.5	−0.127%	$295K	$1.4M	20x	as long as short
SoDEX ZEC-USD	+0.0026%	1h	1,474.2	−0.146%	$227K	$4.5M	10x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,475.2	−0.078%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,474.9	−0.099%	$366K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,474.4	−0.136%	$180.0M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,474.5	−0.127%	$50.4M	$183.7M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,470.8	−0.379%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474.7	−0.118%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,475.3	−0.075%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,474.3	−0.141%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475	−0.091%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.2	−0.081%	$765.4M	$479.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.4	−0.136%	$15.6M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.8	−0.107%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.1	−0.157%	$681.3M	$2.47B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475.4	−0.068%	$715K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.1	−0.357%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.7	−0.117%	$224.6M	$827.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.3	−0.141%	$104.2M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.6	−0.121%	$162.9M	$303.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.5	−0.196%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.8	−0.376%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,471	−0.367%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.7	−0.253%	$432K	$827K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.7	−0.117%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.7	−0.114%	$348K	$1.9M	10x	as long as short
Bullet ZEC-USDshort	+0.0100%	1h	1,474.4	−0.133%	$128K	$159K	20x
Derive ZEC-PERP	+0.0100%	1h	1,473.1	−0.220%	$449K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477	+0.039%	$3K	$1.2M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.5	−0.199%	$2.5M	$23.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.6	−0.124%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475	−0.091%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.4	−0.131%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,475.8	−0.041%	$19.1M	$52.1M	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,475.3	−0.074%	$836K	$1.3M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0432%	1h	1,476.4	long leg	$3.8M	$11.5M	50x
Lighter RH ZEC	+0.0464%	1h	1,476.4	+0.001%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0620%	1h	1,473	−0.229%	$41K	$34K	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0621%	1h	1,474.6	−0.122%	$2.4M	$3.7M	15x	as long as short