ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0396%/8h= +43.4% APRnext payment +$0.50 per $10,000 · paid last 24h +0.093%

Price spread now: Coinbase International against Bulk+0.492%7-day average +0.156% · 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+$4as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Bulk Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.251%+$25 on $10k

Price spread, last 4 days (all we have)+0.775%+$77 · spread now +0.492%, 7d avg +0.156%

Together, before fees+1.026%+$103 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.336% dearer against Bulk than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ZEC-USD	1,462.7	0.0100	pay 0.0013% / 1h	34m 00s	$884K	$17K	10x
Short	Coinbase International ZEC-PERP-INTX	1,469.9	0.0496	get 0.0062% / 1h	34m 00s	$3.7M	$9.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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 BulkbpFee Coinbase InternationalbpOrdersPrice spread, now +0.492%Rate

Funding earned: $83.16
Price spread: +0.492% → +0.156%: $33.65
Slippage, 4 orders: −$12.43
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $87.38
Costs to cover: 0.294%
Break-even: from the start

Slippage from Bulk: live order book, 15 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 Bulk live order book, 15 min ago	0.34 bp	3.8 bp −$4	3.8 bp −$38	5.1 bp −$513	7.7 bp −$3,828
Sell Coinbase International live order book, 5 min ago	1.80 bp	13.1 bp −$13	17.9 bp −$179	46.0 bp −$4,603	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	−0.3243%	1h	1,471	+0.567%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.9	+0.358%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0080%	8h	1,469.8	+0.487%	$29.8M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.8	+0.349%	$408K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.6	+0.406%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468	+0.364%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.8	+0.351%	$618K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.6	+0.333%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,468.2	+0.375%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,467.4	+0.321%	$293K	$896K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0089%	8h	1,467.4	+0.324%	$260.8M	$589.7M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,466.5	+0.260%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.6	+0.335%	$173K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0097% / S −0.0051%	1h	1,467.2	+0.311%	$437K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467	+0.295%	$13K	$812K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468.1	+0.373%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.9	+0.360%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.6	+0.405%	$764.7M	$418.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.7	+0.345%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468	+0.364%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.9	+0.353%	$677.3M	$2.16B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,467.6	+0.335%	$178.4M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,465.3	+0.179%	$399K	$430K	5x	as long as short
Bulk ZEC-USDlong	+0.0100%	1h	1,462.7	long leg	$884K	$17K	10x
Gate ZEC_USDT	+0.0100%	8h	1,467.8	+0.351%	$53.1M	$170.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.5	+0.330%	$222.8M	$761.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.5	+0.326%	$103.1M	$52.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.8	+0.351%	$166.2M	$267.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.6	+0.335%	—	$107.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,470.5	+0.537%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.1	+0.367%	$573K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.8	+0.484%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469	+0.429%	$406K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.2	+0.511%	$49K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.4	+0.323%	$360K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.3	+0.316%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.3	+0.246%	$448K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.8	+0.487%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.3	+0.312%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,467	+0.295%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.9	+0.354%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.8	+0.349%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.3	+0.314%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,468.7	+0.413%	$2.1M	$7.1M	10x	as long as short
Lighter ZEC	+0.0136%	1h	1,468.9	+0.423%	$19.4M	$43.9M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,467.3	+0.313%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,467.6	+0.339%	$927K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0337%	1h	1,468.1	+0.373%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0496%	1h	1,469.9	+0.492%	$3.7M	$9.2M	50x
Arcus ZEC-USD	+0.0508%	1h	1,469.2	+0.445%	$664K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0681%	1h	1,468.2	+0.379%	$45K	$49K	10x	as long as short