Funding you earn now, next payment 08:00 UTC−0.0268%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.087%
Price spread now: SoDEX against Coinbase International−0.137%7-day average −0.120% · 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−$38as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 4 days (all we have)−0.236%−$24 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.137%, 7d avg −0.120%
=The price spread sits at its 7-day average of −0.120%, so right now this pair is about funding alone: −$8 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 | 1,505.9 | 0.0368 | pay 0.0046% / 1h | 12m 55s | $3.8M | $9.9M | 50x |
| Short | SoDEX ZEC-USD | 1,503.8 | 0.0100 | get 0.0013% / 1h | 12m 55s | $257K | $3.6M | 10x |
Coinbase International ZEC-PERP-INTX
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$56.28
- Price spread: −0.137% → −0.120%
- −$1.7
- Slippage, 4 orders
- −$18.08
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$94.06
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; SoDEX: live order book, 1 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, 1 min ago | 1.29 bp | 14.7 bp −$15 | 18.2 bp −$182 | 55.4 bp −$5,537 | doesn't fit |
| Sell SoDEX live order book, 1 min ago | 0.03 bp | 4.2 bp −$4 | 15.6 bp −$156 | 102.5 bp −$10.3K | doesn't fit |
ZEC on 50 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 | −0.3702% | 1h | 1,491.4 | −0.966% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,502.3 | −0.238% | $62K | $308K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0253% | 1h | 1,506.6 | +0.045% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0168% | 8h | 1,504 | −0.126% | $31.6M | $75.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.8 | −0.007% | $6K | $1K | 10x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.9 | +0.001% | $1.6M | $5.0M | 2.2x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,505.6 | −0.023% | $415K | $34K | 5x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,504.3 | −0.107% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,504.5 | −0.091% | $18.3M | $47.5M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,505.4 | −0.034% | $8K | $6K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kalshi KXZECPERP
dYdX ZEC-USD
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZEC_USDT | +0.0073% | 8h | 1,503.6 | −0.151% | $60.7M | $188.4M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,506.9 | +0.064% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,503.5 | −0.162% | $304K | $860K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,505.4 | −0.036% | $19.6M | $45.7M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,505.5 | −0.029% | $2.1M | $7.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.2 | −0.048% | $177K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.3 | −0.038% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,505.1 | −0.050% | $16K | $878K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,505.3 | −0.039% | $3.1M | $7.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,505.3 | −0.039% | $790.1M | $447.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,503.3 | −0.173% | $14.0M | $29.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,505.8 | −0.008% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504.1 | −0.117% | $710.5M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.6 | −0.150% | $273.2M | $611.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,504.1 | −0.120% | $185.5M | $1.35B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,503 | −0.192% | $409K | $545K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,506.2 | +0.017% | $595K | $8.8M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,508.1 | +0.147% | $776K | $147K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,503.6 | −0.154% | $405.6M | $843.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,503.7 | −0.144% | $102.8M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.8 | −0.139% | $163.1M | $290.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,504.9 | −0.064% | — | $6.6M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.2 | +0.020% | $49.8M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,508.6 | +0.182% | $551K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,508.2 | +0.155% | $3.1M | $549K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,509.2 | +0.220% | $414K | $953K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,509.2 | +0.218% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,504.8 | −0.072% | $374K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.136% | $168K | $190K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,506.2 | +0.017% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,503.8 | −0.137% | $257K | $3.6M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,508 | +0.141% | $2.7M | $20.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,504.6 | −0.089% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,503.5 | −0.160% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,503.1 | −0.184% | $43K | $157K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0134% | 1h | 1,504.7 | −0.077% | $2.4M | $3.7M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,504.8 | −0.071% | $966K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0158% | 1h | 1,504.6 | −0.083% | $689K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0164% / S −0.0172% | 1h | 1,503.9 | −0.135% | $334K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0368% | 1h | 1,505.9 | long leg | $3.8M | $9.9M | 50x |
Gate ZEC_USDT
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]