ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0448%/8h= −49.1% APRnext payment −$0.56 per $10,000 · paid last 24h −0.103%

Price spread now: dYdX against Coinbase International−0.117%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$970.965% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.638%−$64 · spread now −0.117%, 7d avg −0.131%

Together, before fees−0.587%−$59 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.131%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 per $10,000. 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	1,448.7	0.0448	pay 0.0056% / 1h	48m 53s	$3.8M	$9.0M	50x
Short	dYdX ZEC-USD	1,447	0	get 0.0000% / 1h	48m 53s	$407K	$40K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$94.08
Price spread: −0.117% → −0.131%: $1.46
Slippage, 4 orders: −$76.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$189.16
Costs to cover: 0.965%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; dYdX: live order book, 10 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, 5 min ago	1.17 bp	9.4 bp −$9	14.8 bp −$148	47.4 bp −$4,742	doesn't fit
Sell dYdX live order book, 10 min ago	29.20 bp	37.5 bp −$37	90.2 bp −$902	233.0 bp −$23.3K	1396.0 bp −$698.0K

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	−0.3166%	1h	1,448	−0.048%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,448.7	+0.001%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0074%	8h	1,446.4	−0.153%	$29.1M	$70.3M	75x	as long as short
dYdX ZEC-USDshort	0.0000%	1h	1,447	−0.117%	$407K	$40K	5x
Kalshi KXZECPERP	0.0000%	8h	1,446.9	−0.125%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,445.8	−0.201%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,446.3	−0.162%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0058%	8h	1,446.2	−0.172%	$289K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0064% / S −0.0015%	1h	1,446.2	−0.167%	$406K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,446.3	−0.165%	$7K	$7K	5x	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	1,446.2	−0.171%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,446.1	−0.177%	$10K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,446.4	−0.154%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,446.2	−0.173%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,448	−0.046%	$753.1M	$434.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,447.2	−0.104%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,446.6	−0.145%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,446.9	−0.119%	$663.6M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,446.6	−0.144%	$261.1M	$602.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,447.4	−0.084%	$176.7M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	+0.003%	$394K	$443K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	+0.053%	$876K	$23K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,447.4	−0.086%	$49.8M	$172.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,447	−0.117%	$214.0M	$768.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,448.2	−0.035%	$101.9M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,447.1	−0.111%	$164.3M	$273.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,446.5	−0.150%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,447.7	−0.065%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.2	−0.104%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.2	+0.040%	$564K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.8	+0.008%	$3.0M	$424K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,447.1	−0.110%	$405K	$916K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,448.4	−0.019%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,446.1	−0.177%	$364K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,447	−0.114%	$159K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,445.2	−0.240%	$441K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,449.1	+0.032%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,446.5	−0.152%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,446.2	−0.171%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,446.4	−0.155%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,447.4	−0.089%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,445.7	−0.201%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,448.9	+0.017%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0226%	1h	1,446.8	−0.127%	$607K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0279%	1h	1,446.3	−0.163%	$17.9M	$44.8M	25x	as long as short
Lighter ZEC	+0.0360%	1h	1,448.2	−0.030%	$19.0M	$45.8M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,446.7	−0.136%	$828K	$1.0M	10x	as long as short
Lighter RH ZEC	+0.0416%	1h	1,449.1	+0.028%	$2.0M	$6.9M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0448%	1h	1,448.7	long leg	$3.8M	$9.0M	50x
Arcus ZEC-USD	+0.0626%	1h	1,448.7	+0.005%	$731K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0681%	1h	1,449.1	+0.028%	$44K	$49K	10x	as long as short