ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0342%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.059%

Price spread now: RISEx against Coinbase International−0.117%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−$32as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.268%−$27 · spread now −0.117%, 7d avg −0.095%

Together, before fees−0.276%−$28 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 RISEx 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 −0.095%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.007% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	1,471.5	0.0496	pay 0.0062% / 1h	36m 05s	$3.7M	$9.2M	50x
Short	RISEx ZEC/USDC	1,469.8	0.0154	get 0.0019% / 1h	36m 05s	$928K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$71.75
Price spread: −0.117% → −0.095%: −$2.24
Slippage, 4 orders: −$13.79
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$103.78
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; RISEx: 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	1.80 bp	8.6 bp −$9	12.1 bp −$121	46.2 bp −$4,624	doesn't fit
Sell RISEx live order book, 3 min ago	1.02 bp	4.0 bp −$4	9.4 bp −$94	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	1,468.8	−0.188%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.6	−0.132%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0073%	8h	1,469.2	−0.155%	$29.9M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.7	−0.192%	$408K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.2	−0.023%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.7	−0.124%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,471	−0.035%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,469.9	−0.107%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,471.2	−0.020%	$294K	$902K	20x	as long as short
Bybit ZECUSDT	+0.0089%	8h	1,471.5	−0.003%	$261.9M	$589.7M	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	1,466.5	−0.342%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.5	−0.135%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0096% / S −0.0050%	1h	1,470.1	−0.095%	$438K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0097%	1h	1,472.2	+0.048%	$620K	$1.3M	25x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469.2	−0.155%	$13K	$812K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.6	−0.127%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,469.9	−0.107%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.4	+0.060%	$766.7M	$418.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472	+0.033%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469.6	−0.130%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.1	+0.039%	$678.9M	$2.16B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,471	−0.038%	$178.8M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,465.3	−0.423%	$399K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.7	−0.601%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,471.5	−0.004%	$53.2M	$170.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.8	+0.020%	$223.6M	$760.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.2	+0.048%	$103.5M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.6	+0.005%	$166.6M	$267.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.2	−0.019%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,464.4	−0.484%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.2	−0.432%	$570K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,466.6	−0.335%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.2	−0.364%	$405K	$925K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.7	−0.194%	$49K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470	−0.103%	$360K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.1	−0.100%	$162K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.1	−0.098%	$449K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.6	+0.208%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.7	+0.014%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470	−0.103%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.3	+0.050%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.1	+0.041%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472	+0.030%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,473.5	+0.133%	$2.1M	$7.1M	10x	as long as short
Lighter ZEC	+0.0136%	1h	1,473.4	+0.127%	$19.5M	$43.9M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0146%	1h	1,471.8	+0.020%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDCshort	+0.0154%	1h	1,469.8	−0.117%	$928K	$1.1M	10x
Backpack ZEC_USDC_PERP	+0.0331%	1h	1,472.4	+0.061%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0496%	1h	1,471.5	long leg	$3.7M	$9.2M	50x
Arcus ZEC-USD	+0.0508%	1h	1,470.7	−0.053%	$667K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0678%	1h	1,467.3	−0.288%	$45K	$49K	10x	as long as short