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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 21:00 UTC−0.0481%/8h= −52.7% APRpaid last 24h −0.080%
Price spread now: Variational Omni against Coinbase International+0.258%7-day average −0.178% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Coinbase InternationalShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.175%−$18 on $10k
Price spread, last 3 days (all we have)−1.247%−$125 · spread now +0.258%, 7d avg −0.178%
Together, before fees−1.423%+ Points / potential airdropVariational Omni: Active · farm board−$142 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.436% dearer against Coinbase International than usual: you sell high and buy low (spread +0.258% now, against its 7-day average of −0.178%): +$44 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 3 days (−0.175% in total) that is about 8.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ZEC-PERP-INTX1,451.50.0440pay 0.0055% / 1h56m 58s$3.7M$11.5M50x
ShortVariational Omni ZEC1,455.2−0.0041pay 0.0041% / 8h2h 56m$46.3M$31.5M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
−$101.04
Price spread: +0.258% → −0.178%
$43.65
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$67.4
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago1.51 bp11.1 bp −$1116.9 bp −$16948.6 bp −$4,863doesn't fit
Sell Variational Omni RFQ quote, 2 min ago4.58 bpdoesn't fit6.6 bp −$6614.3 bp −$1,429doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3476%1h1,454.5+0.207%$34K$275K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,450.7−0.052%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0072%1h1,449.2−0.156%$17.6M$44.8M25xas long as short
BloFin ZEC-USDT−0.0059%8h1,450.1−0.094%$29.1M$76.1M75xas long as short
Variational Omni ZECshort−0.0041%8h1,455.2+0.258%$46.3M$31.5M—
Bybit ZECUSDT−0.0020%8h1,451.4−0.005%$268.4M$679.0M75xas long as short
dYdX ZEC-USD0.0000%1h1,451.6+0.009%$409K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,450.6−0.064%$848K$5.5M2.2xas long as short
Perpl ZEC0.0000%43m1,451.6+0.009%$82K$400K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,450.1−0.097%$567K$1.3M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0005%8h1,449.6−0.130%$291K$1.5M20xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,449.6−0.128%$5.1M—150xas long as short
OKX ZEC-USDT-SWAP+0.0033%8h1,451.8+0.020%$172.4M$1.37B50xas long as short
01 Exchange ZECUSD+0.0040%1h1,452.3+0.056%$8K$8K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0042% / S +0.0061%1h1,449.5−0.138%$535K—100xas long as short
Phoenix ZEC+0.0045%1h1,455.2+0.252%$4.6M$1.5M10xas long as short
Aster ZECUSDT+0.0046%8h1,450.2−0.091%$15.1M$35.3M75xas long as short
Ondo Perps ZEC-USD.P+0.0049%1h1,449.9−0.110%$395K$522K5xas long as short
Gate ZEC_USDT+0.0054%8h1,450.6−0.059%$49.1M$184.5M75xas long as short
MEXC ZEC_USDT+0.0092%8h1,450.3−0.081%$213.1M$876.7M150xas long as short
Binance ZECUSDT+0.0093%8h1,451.7+0.014%$660.6M$2.55B75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,451.4−0.008%$17K$886K10xas long as short
Popdex ZECUSDT+0.0096%1h1,451.2−0.019%$177K$2.0M50xas long as short
Polymarket Perps ZEC-USD+0.0097%1h1,450.9−0.041%$298K$2.1M10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,451.3−0.012%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,451.5+0.002%$3.0M$7.0M10xas long as short
Hyperliquid ZEC+0.0100%1h1,451.50.000%$751.7M$508.6M10xas long as short
Pacifica ZEC+0.0100%1h1,451.7+0.013%$1.6M$3.1M10xas long as short
Bulk ZEC-USD+0.0100%1h1,454.9+0.233%$896K$37K10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,449.3−0.153%$102.8M$57.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,451.9+0.029%$162.7M$317.6M75xas long as short
BingX ZEC-USDT+0.0100%8h1,451.5+0.003%—$108.6M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,451.1−0.030%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,453.3+0.121%$487K$9.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.4+0.059%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,452.6+0.075%$711K$604K50xas long as short
StandX ZEC-USD+0.0100%1h1,451.5−0.003%$109K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,448.8−0.183%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,448.3−0.221%$440K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,452.6+0.076%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,449.6−0.128%$219K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,448.9−0.177%$2.4M$25.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,450.5−0.070%$3.7M$5.5M50xas long as short
Aevo ZEC-PERP+0.0104%1h1,449.7−0.122%$36K$362K20xas long as short
Lighter ZEC+0.0128%1h1,451.6+0.010%$18.8M$53.6M20xas long as short
RISEx ZEC/USDC+0.0219%1h1,452.4+0.059%$862K$2.5M10xas long as short
Coinbase International ZEC-PERP-INTXlong+0.0440%1h1,451.5long leg$3.7M$11.5M50x
Extended ZEC-USD+0.0456%1h1,452+0.032%$3.3M$7.0M10xas long as short
Aftermath Perps ZECUSD+0.0463%1h1,454.2+0.185%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,453.9+0.164%$756K$7.8M10xas long as short
Lighter RH ZEC+0.0608%1h1,452+0.033%$2.0M$8.4M10xas long as short