ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.046%

Price spread now: Arcus against Coinbase International−0.131%7-day average −0.098% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 3 days (all we have)−0.467%−$47 · spread now −0.131%, 7d avg −0.098%

Together, before fees−0.598%−$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.032% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.098%). If the spread goes back, that is −$3 on $10k: about 5.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,469.3	0.0424	pay 0.0053% / 1h	15m 02s	$3.7M	$11.4M	50x
Short	Arcus ZEC-USD	1,467.4	0.0444	get 0.0056% / 1h	15m 02s	$726K	$8.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.131%Rate

Funding earned: $4.29
Price spread: −0.131% → −0.098%: −$3.24
Slippage, 4 orders: −$16.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$29.96
Costs to cover: 0.310%
Break-even: 55.9 days

Slippage from Coinbase International: live order book, 4 min ago; Arcus: 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 Coinbase International live order book, 4 min ago	1.67 bp	9.3 bp −$9	13.2 bp −$132	40.6 bp −$4,060	doesn't fit
Sell Arcus live order book, 4 min ago	0.00 bp	2.3 bp −$2	7.0 bp −$70	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	−0.3310%	1h	1,467.5	−0.122%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,466.7	−0.178%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0239%	1h	1,463	−0.429%	$397K	$514K	5x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,467	−0.159%	$29.3M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.4	−0.201%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0067%	8h	1,466.5	−0.191%	$271.3M	$666.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,463.6	−0.389%	$46.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.7	−0.248%	$413K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.1	−0.081%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,466.3	−0.203%	$83K	$404K	10x	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	1,466.9	−0.166%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0011%	8h	1,466.5	−0.192%	$292K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,466.8	−0.171%	$356K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0044%	8h	1,467	−0.158%	$176.9M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,467	−0.159%	$49.8M	$186.8M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,466.9	−0.166%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,465.1	−0.287%	$4.6M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0079%	1h	1,463.2	−0.419%	$429K	$824K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,466.3	−0.208%	$174K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,467	−0.159%	$14K	$824K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.1	−0.217%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,466.7	−0.175%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.3	−0.069%	$761.9M	$478.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467	−0.156%	$15.6M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.8	−0.168%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.1	−0.150%	$676.5M	$2.47B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,463.9	−0.365%	$903K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.1	−0.151%	$223.3M	$868.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.5	−0.193%	$103.7M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.2	−0.144%	$162.7M	$304.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,465.6	−0.252%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,464	−0.363%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,464.3	−0.341%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.7	−0.181%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,466.4	−0.198%	$345K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,466.5	−0.192%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465	−0.294%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.7	−0.042%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.6	−0.186%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.5	−0.191%	$2.5M	$23.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,466.6	−0.182%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.6	−0.181%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,466.8	−0.169%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0128%	1h	1,468.4	−0.064%	$19.0M	$52.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0174%	1h	1,467.7	−0.107%	$2.4M	$3.7M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0183%	1h	1,467.4	−0.131%	$597K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,466.7	−0.178%	$842K	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,468.9	−0.027%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0424%	1h	1,469.3	long leg	$3.7M	$11.4M	50x
Arcus ZEC-USDshort	+0.0444%	1h	1,467.4	−0.131%	$726K	$8.2M	10x
Aftermath Perps ZECUSD	+0.0585%	1h	1,466.3	−0.204%	$41K	$34K	10x	as long as short