Funding you earn now, next payment 23:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.080%
Price spread now: Aevo against Coinbase International−0.204%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$560.565% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.204%, 7d avg −0.122%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aevo is 0.082% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.122%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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 | Coinbase International ZEC-PERP-INTX | 1,475.7 | 0.0432 | pay 0.0054% / 1h | 21m 04s | $3.8M | $10.6M | 50x |
| Short | Aevo ZEC-PERP | 1,472.7 | 0.0104 | get 0.0013% / 1h | 21m 04s | $37K | $366K | 20x |
Coinbase International ZEC-PERP-INTX
Aevo ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Coinbase International. 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
- −$68.88
- Price spread: −0.204% → −0.122%
- −$8.15
- Slippage, 4 orders
- −$30.46
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$133.5
- Costs to cover
- 0.565%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Aevo: live order book, 58 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 Coinbase International live order book, 3 min ago | 1.94 bp | 8.4 bp −$8 | 11.1 bp −$111 | 36.1 bp −$3,610 | doesn't fit |
| Sell Aevo live order book, 58 min ago | 6.55 bp | 20.1 bp −$20 | 27.6 bp −$276 | 37.8 bp −$3,777 | 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 | −0.3089% | 1h | 1,452.2 | −1.592% | $33K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0256% | 1h | 1,470.4 | −0.359% | $399K | $522K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,473.8 | −0.127% | $17.9M | $44.4M | 25x | as long as short |
| Bybit ZECUSDT | −0.0115% | 8h | 1,474 | −0.113% | $275.2M | $654.0M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0107% | 8h | 1,473.7 | −0.134% | $29.7M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.2 | −0.370% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,472.2 | −0.235% | $47.2M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.8 | −0.197% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473 | −0.184% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | −0.238% | $84K | $407K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | 0.0000% | 1h | 1,469.2 | −0.438% | $431K | $843K | 50x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473.2 | −0.167% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,472.5 | −0.214% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,473.1 | −0.176% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471.2 | −0.305% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0041% | 8h | 1,474.2 | −0.105% | $181.0M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,474.1 | −0.111% | $51.3M | $187.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,473.2 | −0.169% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.8 | +0.004% | $19.2M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.7 | −0.206% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.3 | −0.299% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.3 | −0.233% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.2 | −0.171% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.9 | −0.054% | $764.3M | $472.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.5 | −0.150% | $15.0M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473 | −0.185% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474 | −0.117% | $683.9M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.3 | −0.163% | $702K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.403% | $894K | $39K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.1 | −0.108% | $223.7M | $841.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.7 | −0.133% | $103.8M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.4 | −0.091% | $163.6M | $301.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,474 | −0.115% | — | $102.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | −0.523% | $511K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470 | −0.385% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,469 | −0.451% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.203% | $337K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.200% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.5 | −0.284% | $459K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.1 | −0.041% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.5 | −0.152% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473 | −0.183% | $2.5M | $22.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.9 | −0.123% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.8 | −0.132% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERPshort | +0.0104% | 1h | 1,472.7 | −0.204% | $37K | $366K | 20x | |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.1 | −0.178% | $826K | $1.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0154% | 1h | 1,474.1 | −0.110% | $615K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0418% | 1h | 1,475.2 | −0.032% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0432% | 1h | 1,475.7 | long leg | $3.8M | $10.6M | 50x | |
| Lighter RH ZEC | +0.0472% | 1h | 1,476.1 | +0.025% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0740% | 1h | 1,472 | −0.252% | $46K | $47K | 10x | as long as short |
ApeX Omni ZECUSDT
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD