Funding you earn now, next payment 07:00 UTC+0.0255%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.078%
Price spread now: Coinbase International against Deribit+0.069%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.069%, 7d avg +0.060%
=The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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 | Deribit ZEC_USDC-PERPETUAL | 1,515.4 | 0.0161 | pay 0.0020% / 1h | 1m 47s | $692K | $1.4M | 25x |
| Short | Coinbase International ZEC-PERP-INTX | 1,516.5 | 0.0416 | get 0.0052% / 1h | 1m 47s | $3.7M | $9.8M | 50x |
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- $53.6
- Price spread: +0.069% → +0.060%
- $0.87
- Slippage, 4 orders
- −$26.86
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $10.61
- Costs to cover
- 0.439%
- Break-even
- 5.6 days
Slippage from Deribit: live order book, 2 min ago; Coinbase International: live order book, 2 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 Deribit live order book, 2 min ago | 4.43 bp | 9.1 bp −$9 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 1.85 bp | 13.4 bp −$13 | 17.6 bp −$176 | 43.3 bp −$4,329 | 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 | −0.3442% | 1h | 1,496.3 | −1.265% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,512.8 | −0.171% | $62K | $306K | 10x | as long as short |
| Bulk ZEC-USD | −0.0412% | 1h | 1,508.1 | −0.483% | $776K | $147K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0163% | 8h | 1,510.6 | −0.322% | $31.3M | $76.8M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0098% | 1h | 1,510.5 | −0.323% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,511 | −0.296% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,510.3 | −0.336% | $420K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,512 | −0.229% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,514.3 | −0.073% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0011% | 1h | 1,515.2 | −0.016% | $18.3M | $47.9M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Bulk ZEC-USD
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0066% | 1h | 1,507 | −0.556% | $412K | $551K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,510.6 | −0.322% | $8K | $6K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,515 | −0.027% | $305K | $863K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,511.5 | −0.258% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,515.5 | +0.006% | $2.1M | $7.7M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,510.3 | −0.337% | $176K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,510.6 | −0.320% | $16K | $897K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,511 | −0.290% | $62K | $19K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,510.7 | −0.313% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,512.9 | −0.167% | $792.2M | $447.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,512.8 | −0.176% | $14.2M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,511.5 | −0.262% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,513 | −0.158% | $715.0M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,512.3 | −0.205% | $273.4M | $627.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,512.2 | −0.217% | $183.1M | $1.38B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,513 | −0.159% | $60.0M | $191.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,514.2 | −0.083% | $246.8M | $830.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,514 | −0.093% | $103.6M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,512.6 | −0.187% | $163.6M | $293.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,513.5 | −0.128% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,507.8 | −0.502% | $49.8M | $35.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,511.6 | −0.254% | $578K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,510.4 | −0.335% | $3.1M | $519K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,511.2 | −0.279% | $416K | $948K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,511.2 | −0.279% | $54K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,510.3 | −0.339% | $376K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,514.4 | −0.071% | $169K | $193K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,513.2 | −0.149% | $462K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,516.6 | +0.079% | $4K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,514.6 | −0.056% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,514.5 | −0.062% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,514.5 | −0.060% | $4.1M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,513.6 | −0.122% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,515.1 | −0.020% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,510.5 | −0.326% | $958K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,515.7 | +0.017% | $19.7M | $47.1M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0150% / S −0.0150% | 1h | 1,514.2 | −0.078% | $335K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0161% | 1h | 1,515.4 | long leg | $692K | $1.4M | 25x | |
| Arcus ZEC-USD | +0.0403% | 1h | 1,511.1 | −0.284% | $595K | $8.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXshort | +0.0416% | 1h | 1,516.5 | +0.069% | $3.7M | $9.8M | 50x | |
| Backpack ZEC_USDC_PERP | +0.0492% | 1h | 1,514.8 | −0.039% | $2.4M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter ZEC
GMX ZEC/USD [WBTC.b-USDC]
Arcus ZEC-USD
Backpack ZEC_USDC_PERP