ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0396%/8h= −43.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.075%

Price spread now: Nado against Coinbase International−0.076%7-day average −0.095% · 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−$34as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.285%−$29 · spread now −0.076%, 7d avg −0.095%

Together, before fees−0.485%+ Points / potential airdropNado: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: −$12 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	1,496.2	0.0496	pay 0.0062% / 1h	20m 53s	$3.8M	$9.5M	50x
Short	Nado ZEC-PERP	1,495	0.0100	get 0.0012% / 1h	20m 53s	$2.8M	$6.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.076%Rate

Funding earned: −$83.16
Price spread: −0.076% → −0.095%: $1.99
Slippage, 4 orders: −$19.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$117.64
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Nado: live order book, 3 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	2.50 bp	11.1 bp −$11	13.9 bp −$139	53.2 bp −$5,322	doesn't fit
Sell Nado live order book, 3 min ago	0.17 bp	4.9 bp −$5	13.6 bp −$136	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	−0.3243%	1h	1,493	−0.212%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0108%	8h	1,493.9	−0.156%	$30.3M	$72.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,493	−0.211%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,493	−0.211%	$415K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,496.7	+0.037%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,494.9	−0.085%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,495.1	−0.070%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,494.4	−0.119%	$299K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,496.5	+0.019%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,475.1	−1.409%	$4.7M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0095%	8h	1,498.8	+0.176%	$271.6M	$605.4M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.8	+0.043%	$181K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,496.8	+0.038%	$12K	$830K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,493.3	−0.192%	$62K	$43K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,495	−0.076%	$2.8M	$6.4M	10x
Hyperliquid ZEC	+0.0100%	1h	1,498.8	+0.175%	$781.6M	$424.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,497.4	+0.083%	$14.7M	$28.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,492.9	−0.217%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,497.9	+0.116%	$695.3M	$2.19B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.6	+0.563%	$180.7M	$1.26B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,489	−0.480%	$403K	$438K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−1.130%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,496.6	+0.029%	$54.2M	$174.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.3	+0.608%	$232.7M	$769.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.1	+0.197%	$106.3M	$53.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.2	+0.605%	$169.1M	$271.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,497.1	+0.061%	—	$112.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−0.101%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,479.1	−1.144%	$558K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−0.983%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−0.983%	$410K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,484	−0.811%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.8	−0.025%	$369K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.8	−0.090%	$164K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.6	−0.176%	$456K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,497.2	+0.070%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.2	−0.130%	$247K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,492.3	−0.259%	$2.5M	$19.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.3	−0.123%	$3.9M	$4.8M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0101% / S −0.0053%	1h	1,494.8	−0.094%	$449K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,504.8	+0.576%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495.1	−0.069%	$45K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,495.7	−0.032%	$2.1M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0144%	1h	1,494.2	−0.131%	$18.2M	$45.8M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,494.6	−0.105%	$940K	$1.1M	10x	as long as short
Lighter ZEC	+0.0184%	1h	1,495.5	−0.046%	$19.7M	$44.2M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0373%	1h	1,495.5	−0.047%	$636K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0411%	1h	1,495.6	−0.037%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0496%	1h	1,496.2	long leg	$3.8M	$9.5M	50x
Arcus ZEC-USD	+0.0508%	1h	1,494.2	−0.131%	$640K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0709%	1h	1,480.6	−1.040%	$45K	$49K	10x	as long as short