ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.009%

Price spread now: Deribit against SoDEX+0.033%7-day average +0.061% · 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−$23as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.033%, 7d avg +0.061%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.028% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.061%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.056% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,517.1	0.0100	pay 0.0013% / 1h	55m 13s	$257K	$3.6M	10x
Short	Deribit ZEC_USDC-PERPETUAL	1,517.6	0.0283	get 0.0035% / 1h	55m 13s	$693K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $38.33
Price spread: +0.033% → +0.061%: −$2.81
Slippage, 4 orders: −$5.69
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $14.83
Costs to cover: 0.207%
Break-even: 4.3 days

Slippage from SoDEX: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago	0.10 bp	4.5 bp −$4	16.5 bp −$165	102.9 bp −$10.3K	doesn't fit
Sell Deribit live order book, 4 min ago	1.65 bp	5.1 bp −$5	12.0 bp −$120	doesn't fit	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	−1.110%	$37K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	−0.119%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,513.9	−0.213%	$62K	$305K	10x	as long as short
BloFin ZEC-USDT	−0.0164%	8h	1,517.5	+0.029%	$31.8M	$77.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0115%	1h	1,513.1	−0.260%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,517.5	+0.029%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,514.5	−0.171%	$421K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,512	−0.336%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,515.6	−0.098%	$5.4M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,513.5	−0.233%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,517.6	+0.037%	$18.3M	$47.8M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,516	−0.069%	$305K	$859K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,512.4	−0.310%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,518.9	+0.121%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,514.2	−0.190%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,511.3	−0.379%	$62K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,513.4	−0.244%	$16K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,514.7	−0.159%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,515.9	−0.078%	$793.0M	$448.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,517	−0.008%	$14.2M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,511.7	−0.353%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,515.7	−0.090%	$716.0M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,517.1	+0.002%	$272.9M	$628.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,516	−0.074%	$183.2M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,509.5	−0.500%	$413K	$553K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,513.2	−0.258%	$600K	$8.9M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,515.3	−0.116%	$59.9M	$182.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,515.7	−0.090%	$399.6M	$822.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,514.4	−0.177%	$103.4M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,516.6	−0.032%	$163.7M	$294.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,515.5	−0.103%	—	$120.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,509.2	−0.520%	$49.7M	$35.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,515.9	−0.076%	$581K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,515.9	−0.077%	$3.1M	$532K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,515.1	−0.132%	$417K	$949K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,511.5	−0.366%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,515.1	−0.131%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,515.8	−0.084%	$169K	$193K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,512.3	−0.314%	$452K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,518	+0.063%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,517.1	long leg	$257K	$3.6M	10x
HTX ZEC-USDT	+0.0100%	8h	1,514.8	−0.152%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,518.3	+0.078%	$4.1M	$4.9M	50x	as long as short
Lighter ZEC	+0.0104%	1h	1,518.4	+0.089%	$19.6M	$44.3M	20x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,516.3	−0.049%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,517	−0.005%	$43K	$151K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0153% / S −0.0153%	1h	1,515.7	−0.094%	$336K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,513	−0.266%	$964K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0283%	1h	1,517.6	+0.033%	$693K	$1.4M	25x
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,518.3	+0.077%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0436%	1h	1,510.2	−0.455%	$2.4M	$3.7M	15x	as long as short