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 −0.102%

Price spread now: Ondo Perps against Coinbase International−0.386%7-day average −0.178% · you buy dearer than you sell

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

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.386%, 7d avg −0.178%

Together, before fees+0.058%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Ondo Perps is 0.208% cheaper against Coinbase International than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.178%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.50 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	1,480.3	0.0496	pay 0.0062% / 1h	23m 50s	$3.7M	$9.3M	50x
Short	Ondo Perps ZEC-USD.P	1,474.6	0.0100	get 0.0013% / 1h	23m 50s	$400K	$433K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.386%Rate

Funding earned: −$83.16
Price spread: −0.386% → −0.178%: −$20.78
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$118.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; Ondo Perps: 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, 5 min ago	2.44 bp	10.6 bp −$11	13.4 bp −$134	62.5 bp −$6,253	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.3243%	1h	1,457.4	−1.546%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0099%	8h	1,477.9	−0.160%	$29.8M	$71.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,479	−0.090%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,478.6	−0.117%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.4	−0.132%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,479.1	−0.084%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,478.9	−0.098%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,478.7	−0.109%	$296K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,479.2	−0.072%	$8K	$7K	5x	as long as short
Bybit ZECUSDT	+0.0092%	8h	1,479.5	−0.055%	$263.2M	$597.4M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,475.1	−0.352%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,479.1	−0.079%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0054%	1h	1,478.6	−0.113%	$440K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,478.8	−0.101%	$12K	$818K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,479	−0.088%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,479.6	−0.047%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,480.2	−0.007%	$772.1M	$421.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,479.6	−0.049%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,479.2	−0.077%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,479.9	−0.029%	$686.9M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,479.6	−0.048%	$179.4M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.Pshort	+0.0100%	1h	1,474.6	−0.386%	$400K	$433K	5x
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.534%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,479.3	−0.069%	$53.6M	$172.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,479.6	−0.047%	$230.4M	$765.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,479.8	−0.034%	$105.5M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,480	−0.024%	$166.9M	$269.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,479.9	−0.026%	—	$112.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	−0.448%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	−0.360%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.418%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.499%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.3	−0.270%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,478.8	−0.102%	$364K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,478.3	−0.137%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,477.8	−0.168%	$451K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.6	+0.020%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,478.4	−0.132%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.2	−0.211%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,478.6	−0.117%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,479.3	−0.071%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,478.8	−0.102%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,479.5	−0.056%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0125%	1h	1,479.4	−0.059%	$623K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,478.2	−0.141%	$18.1M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,478.9	−0.093%	$934K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,479.6	−0.046%	$19.6M	$44.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0403%	1h	1,480.6	+0.016%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0496%	1h	1,480.3	long leg	$3.7M	$9.3M	50x
Arcus ZEC-USD	+0.0508%	1h	1,479.5	−0.056%	$657K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0713%	1h	1,475	−0.357%	$45K	$49K	10x	as long as short