Funding you earn now, next payment 22:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.068%
Price spread now: Coinbase International against Extended+0.028%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 3 days (all we have)+0.551%+$55 · spread now +0.028%, 7d avg +0.136%
=Together, before fees+0.500%+ Points / potential airdropExtended: Active · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.108% cheaper against Extended than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.136%). If the spread goes back, that is −$11 on $10k: about 27 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.051%, 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 -0.051% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 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 | Extended ZEC-USD | 1,467.7 | 0.0104 | pay 0.0013% / 1h | 12m 38s | $3.3M | $6.9M | 10x |
| Short | Coinbase International ZEC-PERP-INTX | 1,468.1 | 0.0424 | get 0.0053% / 1h | 12m 38s | $3.7M | $11.4M | 50x |
Extended ZEC-USD
Coinbase International ZEC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- $67.2
- Price spread: +0.028% → +0.136%
- −$10.81
- Slippage, 4 orders
- −$24.45
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $16.94
- Costs to cover
- 0.395%
- Break-even
- 5.2 days
Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago | 1.41 bp | 4.5 bp −$5 | 8.9 bp −$89 | 117.9 bp −$11.8K | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 6.33 bp | 12.0 bp −$12 | 15.0 bp −$150 | 43.2 bp −$4,319 | 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 | −0.3310% | 1h | 1,467.5 | −0.013% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.6 | −0.005% | $17.8M | $44.5M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0246% | 1h | 1,464.9 | −0.192% | $397K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,467.8 | +0.006% | $29.3M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.6 | −0.009% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0071% | 8h | 1,467.2 | −0.036% | $271.5M | $666.0M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,463.6 | −0.281% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.1 | +0.026% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.7 | 0.000% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.1 | −0.109% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.8 | +0.007% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,467.6 | −0.006% | $293K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,467.5 | −0.012% | $356K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0042% | 8h | 1,467.7 | +0.002% | $177.3M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0043% | 8h | 1,467.4 | −0.021% | $49.9M | $186.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,468.5 | +0.050% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,465.1 | −0.178% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0079% | 1h | 1,463.2 | −0.311% | $429K | $824K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.9 | +0.015% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,468.5 | +0.053% | $14K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467 | −0.048% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.9 | +0.011% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.8 | +0.074% | $762.0M | $479.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.6 | −0.005% | $15.6M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.9 | +0.015% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467.9 | +0.013% | $677.1M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.257% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.4 | −0.021% | $223.0M | $869.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.1 | +0.023% | $103.7M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.5 | −0.013% | $162.8M | $303.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.7 | −0.001% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464 | −0.254% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.3 | −0.233% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.2 | −0.037% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466 | −0.117% | $345K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.070% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.1 | −0.110% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.1 | +0.162% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.8 | +0.006% | $223K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467 | −0.049% | $2.5M | $23.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.7 | −0.001% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USDlong | +0.0104% | 1h | 1,467.7 | long leg | $3.3M | $6.9M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468 | +0.017% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,468.8 | +0.077% | $19.0M | $52.7M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0137% | 1h | 1,468.6 | +0.061% | $598K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0178% | 1h | 1,468.8 | +0.073% | $2.4M | $3.7M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,468.4 | +0.049% | $843K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,469.8 | +0.142% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXshort | +0.0424% | 1h | 1,468.1 | +0.028% | $3.7M | $11.4M | 50x | |
| Arcus ZEC-USD | +0.0444% | 1h | 1,468.9 | +0.078% | $723K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0584% | 1h | 1,466.9 | −0.057% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD