Funding you earn now, next payment 08:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.060%
Price spread now: Coinbase International against RISEx−0.195%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 4 days (all we have)+0.015%+$2 on $10k
+Price spread, last 4 days (all we have)+0.464%+$46 · spread now −0.195%, 7d avg +0.095%
=Funding pays, the price is against you. Coinbase International is 0.290% cheaper against RISEx than usual: you would sell low and buy high (spread −0.195% now, against its 7-day average of +0.095%). If the spread goes back, that is −$29 on $10k: about 4.6 days of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.015% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.015% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 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 | RISEx ZEC/USDC | 1,513 | 0.0157 | pay 0.0020% / 1h | 55m 39s | $964K | $1.1M | 10x |
| Short | Coinbase International ZEC-PERP-INTX | 1,510.1 | 0.0368 | get 0.0046% / 1h | 55m 39s | $3.7M | $9.8M | 50x |
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against RISEx. 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
- $44.28
- Price spread: −0.195% → +0.095%
- −$28.97
- Slippage, 4 orders
- −$18.76
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$19.45
- Costs to cover
- 0.348%
- Break-even
- 10.1 days
Slippage from RISEx: live order book, 3 min ago; Coinbase International: live order book, 3 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 RISEx live order book, 3 min ago | 0.99 bp | 4.0 bp −$4 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.15 bp | 14.8 bp −$15 | 16.1 bp −$161 | 46.0 bp −$4,605 | 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 | −0.3702% | 1h | 1,500.2 | −0.846% | $37K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | +0.148% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,510.8 | −0.151% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0164% | 8h | 1,513.7 | +0.044% | $31.5M | $77.0M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0122% | 1h | 1,512.8 | −0.013% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517.5 | +0.296% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,512.1 | −0.060% | $420K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,512.3 | −0.046% | $1.6M | $5.0M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,511 | −0.135% | $690K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,510.1 | −0.193% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,513.5 | +0.033% | $8K | $6K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,510.5 | −0.166% | $18.2M | $47.8M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,510.3 | −0.182% | $304K | $859K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,514.3 | +0.081% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,511.6 | −0.098% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,514.2 | +0.077% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,511.3 | −0.113% | $62K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,513.4 | +0.023% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,512 | −0.069% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,510.7 | −0.154% | $790.3M | $448.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,511.3 | −0.117% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,511.7 | −0.087% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,512 | −0.066% | $714.3M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,512.5 | −0.038% | $272.0M | $629.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,512.9 | −0.008% | $182.7M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,509.5 | −0.234% | $413K | $553K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,513.2 | +0.009% | $600K | $8.9M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,512.4 | −0.041% | $59.9M | $182.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,512.5 | −0.035% | $389.1M | $820.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,511.8 | −0.081% | $103.2M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,512.6 | −0.029% | $163.2M | $294.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,512.9 | −0.011% | — | $120.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,509.2 | −0.255% | $49.7M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,515.1 | +0.137% | $580K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,515.9 | +0.190% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,515.1 | +0.134% | $417K | $949K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,516 | +0.198% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,511.2 | −0.121% | $375K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,510.5 | −0.167% | $169K | $193K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,512.3 | −0.048% | $452K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,512.9 | −0.007% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,510.2 | −0.189% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,509.7 | −0.223% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,511 | −0.137% | $4.0M | $4.9M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,513.1 | +0.007% | $19.5M | $44.1M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,512.1 | −0.063% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,510.4 | −0.175% | $43K | $151K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0152% / S −0.0153% | 1h | 1,510.2 | −0.186% | $335K | — | 100x | as long as short |
| RISEx ZEC/USDClong | +0.0157% | 1h | 1,513 | long leg | $964K | $1.1M | 10x | |
| Coinbase International ZEC-PERP-INTXshort | +0.0368% | 1h | 1,510.1 | −0.195% | $3.7M | $9.8M | 50x | |
| Backpack ZEC_USDC_PERP | +0.0436% | 1h | 1,510.2 | −0.190% | $2.4M | $3.7M | 15x | as long as short |
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Backpack ZEC_USDC_PERP