ZEC

Alert

Funding spread now, next payment 15:00 UTC−0.0208%/8h

next payment, per $10,000−$0.26paid, last 24h−0.058%paid, last 7 days+0.036%to open and close $10k−$38

Long on Coinbase International Short on Deribit

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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	1,516.9	0.0208	pay 0.0026% / 1h	45m 45s	$3.8M	$13.6M	50x
Short	Deribit ZEC_USDC-PERPETUAL	1,516.3	0	get 0.0000% / 1h	45m 45s	$579K	$790K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersRate

Funding earned: −$43.68
Slippage, 4 orders: −$20.77
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$81.45
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Deribit: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.045%
Avg gap 7d: −0.047%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	0.99 bp	10.6 bp −$11	14.0 bp −$140	45.6 bp −$4,556	doesn't fit
Sell Deribit live order book, 5 min ago	3.02 bp	7.3 bp −$7	doesn't fit	doesn't fit	doesn't fit

ZEC on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.5000%	1h	$35K	$72K	12x	as long as short
ApeX Omni ZECUSDT	−0.0238%	1h	$1.0M	$343K	50x	as long as short
BloFin ZEC-USDT	−0.0116%	8h	$31.9M	$79.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Bullet ZEC-USD	−0.0038%	1h	$52K	$116K	20x	as long as short
Bitget ZECUSDT	−0.0025%	8h	$168.9M	$321.5M	75x	as long as short
01 Exchange ZECUSD	−0.0024%	1h	$9K	$13K	5x	as long as short
Aster ZECUSDT	−0.0023%	8h	$14.8M	$36.5M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0015%	8h	$273K	$1.7M	20x	as long as short
OKX ZEC-USDT-SWAP	−0.0001%	8h	$188.8M	$1.64B	50x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX ZEC-USD	0.0000%	1h	$426K	$116K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$980K	$6.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	$77K	$477K	10x	as long as short
Deribit ZEC_USDC-PERPETUALshort	0.0000%	1h	$579K	$790K	25x
Binance ZECUSDT	+0.0003%	8h	$710.4M	$2.82B	75x	as long as short
MEXC ZEC_USDT	+0.0003%	8h	$208.7M	$980.1M	150x	as long as short
Phoenix ZEC	+0.0003%	1h	$5.0M	$1.4M	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
Gate ZEC_USDT	+0.0038%	8h	$52.6M	$215.0M	75x	as long as short
Bybit ZECUSDT	+0.0044%	8h	$297.6M	$752.0M	75x	as long as short
BingX ZEC-USDT	+0.0053%	8h	—	$112.0M	—	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$40K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0093%	1h	$857K	$2.8M	10x	as long as short
Katana Perps ZEC-USD	+0.0094%	8h	$21K	$1.2M	10x	as long as short
Lighter ZEC	+0.0096%	1h	$20.5M	$58.0M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	$1.7M	$7.9M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$191K	$2.1M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0097%	8h	$62K	$38K	10x	as long as short
Variational Omni ZEC	+0.0098%	8h	$50.1M	$33.1M	—	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.2M	$7.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$822.3M	$657.2M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.7M	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	$317K	$686K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$639K	$5.6M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$105.3M	$70.0M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.3M	$3.3M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$512K	$10.6M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$68K	$2.4M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$342K	$3.4M	10x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$500K	$245K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	$228K	$5.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.7M	$30.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$4.0M	$6.2M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	$918K	$45K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0170%	1h	$19.0M	$42.1M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0189% / S −0.0195%	1h	$364K	—	100x	as long as short
Extended ZEC-USD	+0.0200%	1h	$3.4M	$4.6M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0208%	1h	$3.8M	$13.6M	50x
Aftermath Perps ZECUSD	+0.0495%	1h	$41K	$19K	10x	as long as short