Funding you earn now, next payment 07:00 UTC−0.0416%/8h= −45.6% APRnext payment −$0.52 per $10,000 · paid last 24h −0.106%
Price spread now: dYdX against Coinbase International−0.186%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.186%, 7d avg −0.133%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and dYdX is 0.053% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.133%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.52 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 | 1,510.2 | 0.0416 | pay 0.0052% / 1h | 12m 59s | $3.7M | $9.7M | 50x |
| Short | dYdX ZEC-USD | 1,507.3 | 0 | get 0.0000% / 1h | 12m 59s | $419K | $34K | 5x |
Coinbase International ZEC-PERP-INTX
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$87.36
- Price spread: −0.186% → −0.133%
- −$5.28
- Slippage, 4 orders
- −$65.3
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$177.94
- Costs to cover
- 0.853%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; dYdX: live order book, 26 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, 1 min ago | 2.19 bp | 12.0 bp −$12 | 14.4 bp −$144 | 43.7 bp −$4,372 | doesn't fit |
| Sell dYdX live order book, 26 min ago | 23.10 bp | 28.1 bp −$28 | 47.9 bp −$479 | 92.0 bp −$9,202 | 631.2 bp −$315.6K |
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 | −0.3442% | 1h | 1,490.6 | −1.293% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,506.9 | −0.215% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0179% | 8h | 1,507.4 | −0.185% | $31.1M | $76.3M | 75x | as long as short |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | −0.956% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0086% | 1h | 1,503.1 | −0.468% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.2 | −0.328% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,507.3 | −0.186% | $419K | $34K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,509 | −0.077% | $1.5M | $4.4M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,508.6 | −0.100% | $689K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,508.7 | −0.097% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Bulk ZEC-USD
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,508.4 | −0.116% | $18.1M | $47.4M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0062% | 1h | 1,507.4 | −0.182% | $411K | $559K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,509.5 | −0.042% | $8K | $6K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,507.8 | −0.158% | $304K | $864K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,508.1 | −0.135% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,509.3 | −0.058% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,509.1 | −0.070% | $180K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,509 | −0.078% | $14K | $891K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,508.2 | −0.132% | $62K | $19K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,508.7 | −0.094% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,507.8 | −0.156% | $789.3M | $441.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,507.6 | −0.170% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,508.5 | −0.107% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,508.9 | −0.083% | $705.8M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,508.3 | −0.123% | $272.5M | $620.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,508.6 | −0.105% | $184.1M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,507.7 | −0.160% | $58.8M | $187.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,507.6 | −0.168% | $238.3M | $807.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,508.1 | −0.135% | $103.6M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,508.7 | −0.095% | $163.3M | $290.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,507.1 | −0.204% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.9 | −0.545% | $49.1M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.8 | −0.357% | $576K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,507.4 | −0.184% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,507.5 | −0.173% | $415K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,505 | −0.342% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,508.9 | −0.083% | $363K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,508.9 | −0.082% | $176K | $189K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,506.9 | −0.215% | $460K | $438K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,510.3 | +0.007% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,508 | −0.142% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,508 | −0.143% | $2.7M | $20.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,508.1 | −0.134% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,507.9 | −0.146% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,508.1 | −0.135% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,509.1 | −0.071% | $950K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0147% / S −0.0144% | 1h | 1,506 | −0.274% | $335K | — | 100x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,509.3 | −0.057% | $19.9M | $46.4M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,509.2 | −0.064% | $607K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0416% | 1h | 1,510.2 | long leg | $3.7M | $9.7M | 50x | |
| Backpack ZEC_USDC_PERP | +0.0492% | 1h | 1,508.5 | −0.112% | $2.4M | $3.8M | 15x | as long as short |
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
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
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Backpack ZEC_USDC_PERP