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: StandX against Coinbase International−0.099%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 3 days (all we have)−0.465%−$46 · spread now −0.099%, 7d avg −0.119%
=Together, before fees−0.341%+ Points / potential airdropStandX: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.020% dearer against Coinbase International than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.119%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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 | 1,476.8 | 0.0432 | pay 0.0054% / 1h | 53m 07s | $3.8M | $11.0M | 50x |
| Short | StandX ZEC-USD | 1,475.4 | 0.0100 | get 0.0013% / 1h | 53m 07s | $110K | $4.8M | 30x |
Coinbase International ZEC-PERP-INTX
StandX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$69.72
- Price spread: −0.099% → −0.119%
- $2.04
- Slippage, 4 orders
- −$22.94
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$108.61
- Costs to cover
- 0.409%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; StandX: 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 | 1.90 bp | 9.7 bp −$10 | 16.6 bp −$166 | 48.0 bp −$4,801 | doesn't fit |
| Sell StandX live order book, 1 min ago | 4.78 bp | 10.0 bp −$10 | 13.6 bp −$136 | 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 | 1,475.9 | −0.065% | $34K | $275K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0365% | 1h | 1,474 | −0.189% | $432K | $827K | 50x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0326% | 1h | 1,473.5 | −0.225% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0224% | 1h | 1,474.6 | −0.149% | $18.0M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0111% | 8h | 1,474.5 | −0.156% | $29.5M | $75.7M | 75x | as long as short |
| Bybit ZECUSDT | −0.0085% | 8h | 1,473.5 | −0.223% | $273.5M | $661.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.2 | −0.180% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0037% | 8h | 1,473.4 | −0.230% | $47.0M | $33.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475 | −0.124% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.4 | −0.026% | $901K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,474 | −0.190% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.9 | −0.129% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,474.7 | −0.143% | $295K | $1.4M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0019% | 1h | 1,475.5 | −0.093% | $615K | $1.3M | 25x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,475.6 | −0.082% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,474.8 | −0.138% | $366K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,474.3 | −0.173% | $180.6M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,474.5 | −0.158% | $50.5M | $183.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,474.6 | −0.150% | $8K | $8K | 5x | as long as short |
| SoDEX ZEC-USD | +0.0065% | 1h | 1,474.5 | −0.160% | $227K | $4.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,474.7 | −0.142% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,475.3 | −0.106% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,474 | −0.189% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.6 | −0.151% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.9 | −0.062% | $766.0M | $473.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.6 | −0.149% | $15.6M | $32.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.2 | −0.112% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.4 | −0.164% | $682.2M | $2.47B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475.5 | −0.086% | $714K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.1 | −0.386% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.5 | −0.158% | $222.7M | $829.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,475 | −0.126% | $104.3M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.6 | −0.150% | $162.9M | $303.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,473.9 | −0.199% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | −0.171% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,475.5 | −0.088% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USDshort | +0.0100% | 1h | 1,475.4 | −0.099% | $110K | $4.8M | 30x | |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.150% | $348K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.164% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473 | −0.258% | $449K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.1 | +0.018% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.2 | −0.246% | $2.5M | $23.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474.8 | −0.134% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,475 | −0.125% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.5 | −0.159% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,475.3 | −0.100% | $836K | $1.2M | 10x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,476.2 | −0.039% | $19.1M | $52.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0432% | 1h | 1,476.8 | long leg | $3.8M | $11.0M | 50x | |
| Lighter RH ZEC | +0.0504% | 1h | 1,476.7 | −0.008% | $2.0M | $8.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0552% | 1h | 1,475.6 | −0.084% | $2.4M | $3.7M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0628% | 1h | 1,474.7 | −0.146% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
SoDEX ZEC-USD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter ZEC
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD