ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0348%/8h= +38.1% APRnext payment +$0.43 per $10,000 · paid last 24h +0.091%

Price spread now: Coinbase International against SoDEX+0.182%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.197%+$20 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.182%, 7d avg +0.120%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.062% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,471.1	0.0100	pay 0.0013% / 1h	58m 11s	$242K	$4.4M	10x
Short	Coinbase International ZEC-PERP-INTX	1,473.7	0.0448	get 0.0056% / 1h	58m 11s	$3.8M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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 SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.182%Rate

Funding earned: $73.08
Price spread: +0.182% → +0.120%: $6.17
Slippage, 4 orders: −$16.09
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $45.16
Costs to cover: 0.341%
Break-even: 2.7 days

Slippage from SoDEX: 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 SoDEX live order book, 1 min ago	0.03 bp	4.4 bp −$4	15.6 bp −$156	103.7 bp −$10.4K	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.88 bp	11.8 bp −$12	16.1 bp −$161	48.1 bp −$4,809	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	−0.3321%	1h	1,472.6	+0.103%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,471.3	+0.017%	$17.9M	$43.8M	25x	as long as short
Phemex ZECUSDT	−0.0301%	8h	1,471.4	+0.027%	$3.8M	$5.4M	50x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,469.8	−0.088%	$29.6M	$74.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.3	+0.018%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0063%	8h	1,469.3	−0.120%	$47.6M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.4	−0.047%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.2	+0.009%	$957K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471	−0.005%	$84K	$405K	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0002%	1h	1,470	−0.071%	$399K	$520K	5x	as long as short

Show 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	1,471.8	+0.050%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,470.9	−0.010%	$294K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,471.9	+0.059%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,471.4	+0.023%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0028%	1h	1,470.5	−0.039%	$431K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,472.2	+0.080%	$181.8M	$1.34B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.7	+0.041%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.8	+0.116%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.1	+0.005%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.3	+0.084%	$12K	$844K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.2	+0.010%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.4	+0.023%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.5	+0.100%	$763.5M	$473.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.8	+0.052%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.6	+0.039%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.7	+0.041%	$683.6M	$2.45B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,471.4	+0.022%	$274.8M	$648.5M	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472.6	+0.108%	$701K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.020%	$895K	$33K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,471.3	+0.015%	$51.1M	$177.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.2	+0.011%	$228.9M	$818.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.6	+0.036%	$104.5M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.4	+0.020%	$163.7M	$300.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,471.1	+0.005%	—	$101.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.1	−0.067%	$549K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.6	−0.029%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.8	−0.018%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471	−0.003%	$333K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.2	+0.012%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.5	−0.108%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.8	+0.184%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,471.1	long leg	$242K	$4.4M	10x
HTX ZEC-USDT	+0.0100%	8h	1,470.7	−0.021%	$2.5M	$22.5M	75x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.4	+0.022%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.3	+0.019%	$28K	$201K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0220%	1h	1,472.3	+0.087%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,472.3	+0.083%	$839K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0448%	1h	1,473.7	+0.182%	$3.8M	$10.6M	50x
Backpack ZEC_USDC_PERP	+0.0496%	1h	1,472.1	+0.073%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0552%	1h	1,473.5	+0.164%	$2.0M	$7.9M	10x	as long as short
Aftermath Perps ZECUSD	+0.0776%	1h	1,472.9	+0.128%	$46K	$46K	10x	as long as short