ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.033%

Price spread now: Coinbase International against Arcus+0.019%7-day average +0.091% · 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−$38as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+1.543%+$154 · spread now +0.019%, 7d avg +0.091%

Together, before fees+1.689%+$169 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.072% cheaper against Arcus than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.091%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.146% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ZEC-USD	1,506.4	0.0100	pay 0.0013% / 1h	33m 00s	$608K	$9.0M	10x
Short	Coinbase International ZEC-PERP-INTX	1,506.7	0.0368	get 0.0046% / 1h	33m 00s	$3.8M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now +0.019%Rate

Funding earned: $56.28
Price spread: +0.019% → +0.091%: −$7.17
Slippage, 4 orders: −$15.95
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $18.66
Costs to cover: 0.305%
Break-even: 4.7 days

Slippage from Arcus: live order book, 6 min ago; Coinbase International: live order book, 6 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 Arcus live order book, 6 min ago	0.37 bp	3.4 bp −$3	7.5 bp −$75	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	0.93 bp	11.3 bp −$11	16.3 bp −$163	42.2 bp −$4,225	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	1,491.4	−0.996%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,504.4	−0.137%	$62K	$305K	10x	as long as short
Aftermath Perps ZECUSD	−0.0201%	1h	1,507.8	+0.088%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0155%	8h	1,505.7	−0.046%	$31.8M	$76.5M	75x	as long as short
Bulk ZEC-USD	−0.0098%	1h	1,506.5	+0.007%	$775K	$147K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.4	−0.068%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.1	−0.021%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,506.3	−0.010%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.5	−0.062%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,505.8	−0.045%	$18.3M	$48.0M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0032%	1h	1,505.2	−0.082%	$8K	$6K	5x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,505.2	−0.082%	$60.6M	$185.4M	75x	as long as short
Phoenix ZEC	+0.0082%	1h	1,507	+0.038%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0085%	8h	1,505.3	−0.074%	$304K	$861K	20x	as long as short
ApeX Omni ZECUSDT	+0.0095%	1h	1,507.1	+0.044%	$414K	$952K	50x	as long as short
Lighter ZEC	+0.0096%	1h	1,506.6	+0.011%	$19.5M	$44.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,506.8	+0.024%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.1	−0.089%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.2	−0.081%	$62K	$17K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.2	−0.084%	$17K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.7	−0.047%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506.1	−0.022%	$788.6M	$446.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,505.4	−0.071%	$14.1M	$30.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.6	−0.055%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.8	−0.045%	$711.1M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,505.5	−0.060%	$270.0M	$625.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.3	−0.077%	$185.3M	$1.37B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,505.4	−0.068%	$411K	$554K	5x	as long as short
Arcus ZEC-USDlong	+0.0100%	1h	1,506.4	long leg	$608K	$9.0M	10x
MEXC ZEC_USDT	+0.0100%	8h	1,505.9	−0.036%	$407.6M	$834.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.3	−0.073%	$102.8M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.6	−0.058%	$162.8M	$295.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,505.4	−0.066%	—	$120.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.9	+0.034%	$49.9M	$35.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.7	+0.020%	$556K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.8	+0.022%	$3.1M	$533K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.9	−0.035%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.3	−0.075%	$374K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,505.7	−0.052%	$168K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.3	−0.011%	$450K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,508.2	+0.114%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,506	−0.031%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,504.8	−0.110%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,506.2	−0.019%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.4	−0.071%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505.2	−0.079%	$44K	$153K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,505.2	−0.085%	$966K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0159% / S −0.0163%	1h	1,505.4	−0.071%	$334K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0221%	1h	1,506.4	−0.003%	$689K	$1.4M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0362%	1h	1,506	−0.026%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0368%	1h	1,506.7	+0.019%	$3.8M	$10.0M	50x