Funding you earn now, next payment 01:00 UTC−0.0395%/8h= −43.3% APRpaid last 24h −0.097%
Price spread now: OKX against Coinbase International−0.217%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 3 days (all we have)−0.117%−$12 · spread now −0.217%, 7d avg −0.136%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and OKX is 0.082% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.136%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment. 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 | 1,480.6 | 0.0472 | pay 0.0059% / 1h | 49m 50s | $3.7M | $9.7M | 50x |
| Short | OKX ZEC-USDT-SWAP | 1,477.4 | 0.0077 | get 0.0077% / 8h | 6h 49m | $181.2M | $1.29B | 50x |
Coinbase International ZEC-PERP-INTX
OKX ZEC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$82.98
- Price spread: −0.217% → −0.136%
- −$8.2
- Slippage, 4 orders
- −$16.89
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$128.06
- Costs to cover
- 0.369%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 1.87 bp | 11.9 bp −$12 | 15.6 bp −$156 | 50.1 bp −$5,008 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.03 bp | 5.0 bp −$5 | 5.3 bp −$53 | 18.2 bp −$1,820 | 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 | −0.3678% | 1h | 1,478.8 | −0.122% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,477.6 | −0.201% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0080% | 8h | 1,480.2 | −0.025% | $29.7M | $73.6M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0070% | 1h | 1,477.6 | −0.202% | $401K | $519K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,478.9 | −0.113% | $18.1M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,478.7 | −0.125% | $416K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,479.9 | −0.050% | $965K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,478.4 | −0.147% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,478.7 | −0.127% | $5.2M | — | 150x | as long as short |
| Variational Omni ZEC | +0.0010% | 8h | 1,477.5 | −0.207% | $48.2M | $33.5M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0025% | 8h | 1,479 | −0.109% | $295K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,478.9 | −0.116% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,478.5 | −0.140% | $384K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,469.6 | −0.742% | $4.6M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAPshort | +0.0077% | 8h | 1,477.4 | −0.217% | $181.2M | $1.29B | 50x | |
| Gate ZEC_USDT | +0.0092% | 8h | 1,477.7 | −0.194% | $50.3M | $173.9M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,478.6 | −0.132% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,479 | −0.111% | $15K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,478.6 | −0.136% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,478.8 | −0.120% | $2.7M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,478.2 | −0.161% | $769.5M | $449.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,478.3 | −0.153% | $15.0M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,478.7 | −0.129% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,477.8 | −0.190% | $684.8M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,477.5 | −0.206% | $272.9M | $626.6M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | −0.671% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,477.9 | −0.181% | $219.4M | $791.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,477.8 | −0.186% | $104.1M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,477.5 | −0.211% | $163.9M | $287.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,478.8 | −0.121% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | −0.515% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476.9 | −0.249% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.1 | −0.440% | $429K | $894K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,477.4 | −0.213% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,478.5 | −0.141% | $343K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,478.5 | −0.144% | $129K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,477.5 | −0.208% | $460K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,481.3 | +0.049% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,479.1 | −0.101% | $244K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,477.8 | −0.186% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,479.3 | −0.090% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,477.6 | −0.200% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,478.7 | −0.125% | $51K | $164K | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,479.8 | −0.056% | $671K | $8.7M | 10x | as long as short |
| Lighter RH ZEC | +0.0280% | 1h | 1,478.8 | −0.122% | $2.1M | $7.0M | 10x | as long as short |
| Lighter ZEC | +0.0328% | 1h | 1,478.5 | −0.144% | $19.3M | $47.9M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0353% | 1h | 1,479.9 | −0.050% | $609K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,479.3 | −0.088% | $859K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0472% | 1h | 1,480.6 | long leg | $3.7M | $9.7M | 50x | |
| Backpack ZEC_USDC_PERP | +0.0592% | 1h | 1,479.6 | −0.070% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0746% | 1h | 1,474.4 | −0.418% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Arcus ZEC-USD
Lighter RH ZEC
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD