ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0472%/8h= +51.7% APRnext payment +$0.59 per $10,000 · paid last 24h +0.110%

Price spread now: Coinbase International against dYdX+0.100%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1121.125% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now +0.100%, 7d avg +0.132%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.031% cheaper against dYdX than usual: you would sell low and buy high (spread +0.100% now, against its 7-day average of +0.132%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 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	dYdX ZEC-USD	1,474.7	0	get 0.0000% / 1h	27m 55s	$415K	$55K	5x
Short	Coinbase International ZEC-PERP-INTX	1,476.2	0.0472	get 0.0059% / 1h	27m 55s	$3.6M	$9.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.100%Rate

Funding earned: $99.12
Price spread: +0.100% → +0.132%: −$3.13
Slippage, 4 orders: −$92.45
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.47
Costs to cover: 1.125%
Break-even: 8.2 days

Slippage from dYdX: live order book, 41 min ago; Coinbase International: 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 dYdX live order book, 41 min ago	37.15 bp	44.2 bp −$44	54.9 bp −$549	78.8 bp −$7,881	149.3 bp −$74.6K
Sell Coinbase International live order book, 1 min ago	0.14 bp	12.2 bp −$12	14.5 bp −$145	42.4 bp −$4,241	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	−0.3678%	1h	1,477.1	+0.165%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.1	−0.042%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0006%	1h	1,473.7	−0.066%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,477.3	+0.179%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,474.7	long leg	$415K	$55K	5x
Kalshi KXZECPERP	0.0000%	8h	1,476.9	+0.152%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.3	+0.042%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476.9	+0.152%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,477.1	+0.165%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0040%	8h	1,476.4	+0.115%	$48.0M	$33.0M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,476.5	+0.121%	$386K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,476.2	+0.101%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,478.2	+0.240%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0096%	8h	1,476.6	+0.131%	$181.5M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476	+0.087%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,475.7	+0.071%	$17K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475.9	+0.085%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475.3	+0.039%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,478.1	+0.232%	$769.2M	$445.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477.1	+0.164%	$14.9M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.4	+0.049%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477	+0.157%	$682.6M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,476.5	+0.123%	$272.3M	$618.3M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.284%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,476.8	+0.143%	$50.3M	$175.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.7	+0.139%	$215.9M	$799.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.6	+0.132%	$103.9M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477	+0.157%	$164.1M	$284.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477	+0.155%	—	$100.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.8	+0.141%	$575K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473	−0.114%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	+0.147%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.5	+0.125%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,475.8	+0.076%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,476.3	+0.112%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.6	+0.061%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.8	+0.212%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,477.1	+0.165%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475	+0.022%	$2.5M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.2	+0.102%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.6	+0.128%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,477.1	+0.167%	$48K	$162K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,477	+0.160%	$687K	$8.7M	10x	as long as short
Lighter ZEC	+0.0256%	1h	1,478.2	+0.242%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0304%	1h	1,478.5	+0.261%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,476.7	+0.134%	$868K	$1.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0409%	1h	1,478.1	+0.229%	$615K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0472%	1h	1,476.2	+0.100%	$3.6M	$9.5M	50x
Backpack ZEC_USDC_PERP	+0.0506%	1h	1,477.7	+0.208%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0722%	1h	1,475.1	+0.031%	$44K	$46K	10x	as long as short