ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.41 per $10,000 · paid last 24h −0.079%

Price spread now: Pacifica against Coinbase International−0.141%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.314%−$31 on $10k

Price spread, last 3 days (all we have)−0.316%−$32 · spread now −0.141%, 7d avg −0.118%

Together, before fees−0.631%+ Points / potential airdropPacifica: Active · farm board−$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Pacifica is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.118%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,475.3	0.0432	pay 0.0054% / 1h	9m 39s	$3.8M	$10.6M	50x
Short	Pacifica ZEC	1,473.2	0.0100	get 0.0013% / 1h	9m 39s	$1.7M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.141%Rate

Funding earned: −$69.72
Price spread: −0.141% → −0.118%: −$2.24
Slippage, 4 orders: −$19.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$108.99
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Pacifica: 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	1.53 bp	10.8 bp −$11	14.5 bp −$145	48.7 bp −$4,871	doesn't fit
Sell Pacifica live order book, 4 min ago	1.66 bp	6.5 bp −$7	doesn't fit	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	−0.3089%	1h	1,473.8	−0.098%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0254%	1h	1,472	−0.222%	$400K	$521K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.9	−0.158%	$17.9M	$44.2M	25x	as long as short
Bybit ZECUSDT	−0.0113%	8h	1,471.9	−0.228%	$274.8M	$651.8M	75x	as long as short
BloFin ZEC-USDT	−0.0107%	8h	1,472.3	−0.201%	$29.6M	$74.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.3	−0.132%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0058%	8h	1,472.3	−0.201%	$47.5M	$34.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	−0.141%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.4	−0.129%	$961K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473	−0.154%	$84K	$406K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.4	−0.129%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,473.2	−0.140%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,472.7	−0.174%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.5	−0.117%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,472.4	−0.195%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,472.6	−0.178%	$51.2M	$187.7M	75x	as long as short
ApeX Omni ZECUSDT	+0.0049%	1h	1,472	−0.224%	$431K	$843K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.9	−0.159%	$372K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0083%	1h	1,473.9	−0.091%	$615K	$1.3M	25x	as long as short
Lighter ZEC	+0.0096%	1h	1,474	−0.085%	$19.2M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473	−0.157%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.9	−0.093%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.6	−0.179%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.7	−0.109%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.7	−0.104%	$763.4M	$472.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.4	−0.193%	$15.0M	$32.5M	75x	as long as short
Pacifica ZECshort	+0.0100%	1h	1,473.2	−0.141%	$1.7M	$2.9M	10x
Binance ZECUSDT	+0.0100%	8h	1,472.4	−0.192%	$683.5M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.1	−0.083%	$698K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,473.5	−0.120%	$896K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.4	−0.193%	$226.5M	$845.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	−0.180%	$104.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.6	−0.182%	$163.7M	$300.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.6	−0.249%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.5	−0.255%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.4	−0.124%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.8	−0.102%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	−0.181%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.4	−0.198%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.2	−0.275%	$459K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.1	−0.010%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.8	−0.169%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.6	−0.246%	$2.5M	$22.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.4	−0.197%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.1	−0.150%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.1	−0.149%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,473.7	−0.104%	$829K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0406%	1h	1,473.4	−0.129%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0432%	1h	1,475.3	long leg	$3.8M	$10.6M	50x
Lighter RH ZEC	+0.0440%	1h	1,474.9	−0.026%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0763%	1h	1,473.9	−0.091%	$46K	$47K	10x	as long as short