Funding you earn now, next payment 23:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.079%
Price spread now: Coinbase International against KuCoin−0.016%51s7-day average +0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 3 days (all we have)+0.505%+$51 · spread now −0.016%, 7d avg +0.137%
=Funding pays, the price is against you. Coinbase International is 0.153% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.137%). If the spread goes back, that is −$15 on $10k: about 37 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.160% in total) that is about 6.7 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.3% a year). A funding rate is set anew for every payment. 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 | KuCoin ZECUSDTM | 1,474 | 0.0100 | pay 0.0100% / 8h | 49m 27s | $104.2M | $55.8M | 75x |
| Short | Coinbase International ZEC-PERP-INTX | 1,473.7 | 0.0432 | get 0.0054% / 1h | 49m 27s | $3.8M | $11.0M | 50x |
KuCoin ZECUSDTM
Coinbase International ZEC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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: −0.016% → +0.137%
- −$15.31
- Slippage, 4 orders
- −$21.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $11.39
- Costs to cover
- 0.430%
- Break-even
- 5.9 days
Slippage from KuCoin: live order book, 10 min ago; Coinbase International: live order book, 5 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 KuCoin live order book, 10 min ago | 0.71 bp | 11.7 bp −$12 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 1.90 bp | 12.3 bp −$12 | 17.1 bp −$171 | 51.7 bp −$5,169 | 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 | 1,473.9 | −0.001% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0277% | 1h | 1,471.3 | −0.180% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,471.5 | −0.168% | $17.9M | $44.5M | 25x | as long as short |
| ApeX Omni ZECUSDT | −0.0190% | 1h | 1,472.5 | −0.102% | $432K | $830K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0111% | 8h | 1,472.4 | −0.104% | $29.4M | $75.5M | 75x | as long as short |
| Bybit ZECUSDT | −0.0090% | 8h | 1,472.8 | −0.079% | $273.7M | $657.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.5 | −0.029% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | −0.146% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.5 | −0.097% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.1 | −0.060% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
ApeX Omni ZECUSDT
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 | 1,473.8 | −0.014% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.3 | +0.024% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,473.4 | −0.037% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.1 | −0.060% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,473.3 | −0.046% | $180.9M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,473.9 | −0.003% | $50.8M | $184.3M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,474.4 | +0.031% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0011% | 1h | 1,474.2 | +0.020% | $366K | — | 100x | as long as short |
| SoDEX ZEC-USD | +0.0086% | 1h | 1,471.4 | −0.173% | $226K | $4.5M | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.1 | +0.078% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,474 | +0.002% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,474.9 | +0.062% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.6 | −0.026% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.5 | +0.040% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.3 | +0.088% | $765.6M | $473.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.6 | −0.023% | $15.5M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.5 | −0.028% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474 | +0.001% | $682.9M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.8 | +0.057% | $719K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.132% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474 | +0.005% | $221.9M | $831.2M | 150x | as long as short |
| KuCoin ZECUSDTMlong | +0.0100% | 8h | 1,474 | long leg | $104.2M | $55.8M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.1 | +0.010% | $162.9M | $302.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,472.8 | −0.077% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.5 | −0.095% | $512K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.8 | −0.080% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472 | −0.130% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474 | +0.003% | $347K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,473.8 | −0.011% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.2 | −0.255% | $448K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.4 | −0.035% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.2 | −0.252% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.129% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.8 | −0.013% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.5 | −0.164% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0105% | 1h | 1,472.6 | −0.090% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,474.7 | +0.047% | $836K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0423% | 1h | 1,472.5 | −0.098% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTXshort | +0.0432% | 1h | 1,473.7 | −0.016% | $3.8M | $11.0M | 50x | |
| Lighter RH ZEC | +0.0496% | 1h | 1,474.4 | +0.033% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0648% | 1h | 1,474.5 | +0.034% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
SoDEX ZEC-USD
Lighter ZEC
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
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
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD