Funding you earn now, next payment 10:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.071%
Price spread now: Extended against Coinbase International−0.089%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.679%−$68 · spread now −0.089%, 7d avg −0.135%
=Together, before fees−0.720%+ Points / potential airdropExtended: Active · farm board−$72 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.046% dearer against Coinbase International than usual: you sell high and buy low (spread −0.089% now, against its 7-day average of −0.135%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.042% in total) that is about 7.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ZEC-PERP-INTX | 1,504.9 | 0.0352 | pay 0.0044% / 1h | 53m 30s | $3.9M | $9.5M | 50x |
| Short | Extended ZEC-USD | 1,503.5 | 0.0104 | get 0.0013% / 1h | 53m 30s | $2.7M | $7.1M | 10x |
Coinbase International ZEC-PERP-INTX
Extended ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$52.08
- Price spread: −0.089% → −0.135%
- $4.6
- Slippage, 4 orders
- −$18.91
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$81.39
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Extended: 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 | 1.19 bp | 12.1 bp −$12 | 16.2 bp −$162 | 46.1 bp −$4,615 | doesn't fit |
| Sell Extended live order book, 4 min ago | 1.56 bp | 7.6 bp −$8 | 11.7 bp −$117 | 60.5 bp −$6,050 | doesn't fit |
ZEC on 50 exchanges
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 | −0.4130% | 1h | 1,480 | −1.655% | $36K | $267K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0186% | 8h | 1,502.9 | −0.132% | $31.8M | $72.9M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0094% | 1h | 1,504.1 | −0.050% | $46K | $58K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0088% | 1h | 1,500.9 | −0.265% | $409K | $498K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.6 | −0.086% | $6K | $1K | 10x | as long as short |
| ApeX Omni ZECUSDT | −0.0068% | 1h | 1,503.6 | −0.083% | $411K | $949K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,503.9 | −0.063% | $414K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,503.5 | −0.091% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,502 | −0.192% | $63K | $300K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,502.8 | −0.139% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,503.6 | −0.084% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,502.8 | −0.140% | $909K | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0049% | 1h | 1,503.5 | −0.093% | $685K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0070% | 8h | 1,502.3 | −0.170% | $303K | $856K | 20x | as long as short |
| Aster ZECUSDT | +0.0094% | 8h | 1,503.3 | −0.107% | $14.1M | $26.9M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,505.3 | +0.028% | $19.9M | $38.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,505.3 | +0.029% | $2.1M | $7.0M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.4 | −0.100% | $170K | $1.5M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,502.8 | −0.137% | $25K | $880K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,503.4 | −0.102% | $18.5M | $46.1M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,503.5 | −0.092% | $62K | $14K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.8 | −0.071% | $3.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,505.2 | +0.021% | $790.2M | $429.5M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504.3 | −0.038% | $1.7M | $1.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,503.7 | −0.082% | $707.9M | $2.19B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.3 | −0.108% | $276.1M | $588.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.3 | −0.105% | $185.9M | $1.30B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,504.3 | −0.042% | $594K | $8.4M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,504.1 | −0.055% | $62.8M | $171.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,504.2 | −0.047% | $177.9M | $823.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,504 | −0.061% | $105.3M | $53.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.7 | −0.079% | $164.3M | $279.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,502.7 | −0.146% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,503.8 | −0.075% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,505.7 | +0.054% | $49.5M | $34.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.6 | −0.023% | $550K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.3 | −0.104% | $3.1M | $588K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,502.9 | −0.133% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,503.4 | −0.099% | $370K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,502.9 | −0.130% | $167K | $188K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,504.9 | −0.001% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,502.9 | −0.132% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,502.3 | −0.170% | $2.6M | $20.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.3 | −0.103% | $4.0M | $4.8M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,505.5 | +0.042% | $781K | $158K | 10x | as long as short |
| Extended ZEC-USDshort | +0.0104% | 1h | 1,503.5 | −0.089% | $2.7M | $7.1M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.4 | −0.164% | $37K | $163K | 20x | as long as short |
| Phoenix ZEC | +0.0139% | 1h | 1,506.5 | +0.104% | $4.8M | $1.3M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0185% / S −0.0197% | 1h | 1,503.3 | −0.108% | $350K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0352% | 1h | 1,504.9 | long leg | $3.9M | $9.5M | 50x |
01 Exchange ZECUSD
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
Aster ZECUSDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Kraken Futures PF_ZECUSD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]