ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0433%/8h= −47.4% APRnext payment −$0.54 per $10,000 · paid last 24h −0.089%

Price spread now: GMX against Coinbase International−0.128%7-day average −0.094% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.285%−$28 on $10k

Price spread, last 3 days (all we have)−0.163%−$16 · spread now −0.128%, 7d avg −0.094%

Together, before fees−0.448%−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.094%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,466.5	0.0424	pay 0.0053% / 1h	22m 15s	$3.7M	$11.5M	50x
Short	GMX ZEC/USD [WBTC.b-USDC]	1,464.6	L +0.0037% / S +0.0009%	pay 0.0001% / 1h	22m 15s	$355K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$90.96
Price spread: −0.128% → −0.094%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$116.34
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

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	2.18 bp	12.2 bp −$12	15.8 bp −$158	41.9 bp −$4,187	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3310%	1h	1,469.5	+0.209%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,464.1	−0.165%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0230%	1h	1,464.3	−0.149%	$397K	$514K	5x	as long as short
BloFin ZEC-USDT	−0.0089%	8h	1,464.3	−0.148%	$29.2M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,464	−0.171%	$6K	$2K	10x	as long as short
Bulk ZEC-USD	−0.0065%	1h	1,462.1	−0.299%	$902K	$27K	10x	as long as short
Bybit ZECUSDT	−0.0062%	8h	1,463.1	−0.233%	$270.8M	$667.5M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,465.3	−0.078%	$46.6M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,464.3	−0.149%	$412K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,464.3	−0.152%	$884K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,463.9	−0.177%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.9	−0.110%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,464.2	−0.156%	$292K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]short	L +0.0037% / S +0.0009%	1h	1,464.6	−0.128%	$355K	—	100x
Gate ZEC_USDT	+0.0045%	8h	1,464.2	−0.157%	$49.8M	$186.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0050%	8h	1,463.9	−0.175%	$176.4M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,463.8	−0.182%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,467.6	+0.076%	$4.6M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0082%	1h	1,467.6	+0.076%	$431K	$822K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.5	−0.207%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,464.2	−0.157%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.7	−0.192%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.4	−0.144%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,465	−0.101%	$759.7M	$478.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.3	−0.147%	$15.6M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,464.5	−0.136%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.7	−0.192%	$674.3M	$2.48B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.8	−0.184%	$220.9M	$865.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.6	−0.131%	$103.6M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.2	−0.155%	$162.3M	$304.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,464.4	−0.145%	—	$102.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.7	+0.081%	$512K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.4	+0.063%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.9	−0.108%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.7	−0.190%	$343K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,464.3	−0.150%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.7	−0.259%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,466.3	−0.011%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.1	−0.164%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.3	−0.220%	$2.5M	$23.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.4	−0.145%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464.4	−0.139%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.1	−0.165%	$36K	$366K	20x	as long as short
Lighter ZEC	+0.0128%	1h	1,465.3	−0.078%	$19.0M	$52.6M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0152%	1h	1,465.1	−0.096%	$596K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,464.3	−0.149%	$842K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0191%	1h	1,464.9	−0.105%	$2.3M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0400%	1h	1,465.6	−0.059%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0424%	1h	1,466.5	long leg	$3.7M	$11.5M	50x
Arcus ZEC-USD	+0.0444%	1h	1,465.5	−0.066%	$727K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0572%	1h	1,465.7	−0.056%	$41K	$34K	10x	as long as short