ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.094%

Price spread now: SoDEX against Coinbase International−0.141%7-day average −0.121% · 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−$39as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.201%−$20 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.141%, 7d avg −0.121%

Together, before fees−0.200%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.121%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,477	0.0448	pay 0.0056% / 1h	48m 47s	$3.8M	$10.5M	50x
Short	SoDEX ZEC-USD	1,474.9	0.0100	get 0.0013% / 1h	48m 47s	$243K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 it

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 SoDEXbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$73.08
Price spread: −0.141% → −0.121%: −$1.98
Slippage, 4 orders: −$19.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$112.11
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago	2.03 bp	14.0 bp −$14	16.0 bp −$160	40.6 bp −$4,061	doesn't fit
Sell SoDEX live order book, 5 min ago	0.14 bp	5.7 bp −$6	17.3 bp −$173	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	−0.3321%	1h	1,475.3	−0.115%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,474.9	−0.139%	$18.0M	$43.5M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0180%	1h	1,473.4	−0.240%	$400K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0103%	8h	1,474.7	−0.155%	$29.5M	$74.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.4	−0.170%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0061%	8h	1,473.2	−0.254%	$47.9M	$34.4M	—	as long as short
Bybit ZECUSDT	−0.0016%	8h	1,473	−0.267%	$275.1M	$645.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.3	−0.178%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.1	−0.129%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.8	−0.215%	$84K	$405K	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	1,474.5	−0.166%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,474.6	−0.162%	$294K	$1.4M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,473	−0.267%	$182.0M	$1.33B	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,475.1	−0.123%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0054%	1h	1,474.9	−0.140%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474.5	−0.167%	$379K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.3	−0.114%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474.5	−0.165%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,474.2	−0.186%	$13K	$850K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.2	−0.255%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	−0.167%	$2.6M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,476.1	−0.058%	$765.5M	$459.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.5	−0.164%	$15.0M	$32.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.2	−0.190%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.7	−0.217%	$684.4M	$2.43B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.8	−0.145%	$691K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.420%	$895K	$33K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,474.8	−0.144%	$51.5M	$178.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.8	−0.213%	$231.9M	$822.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.8	−0.148%	$105.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.2	−0.256%	$163.7M	$298.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.8	−0.284%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.8	−0.076%	$575K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.2	+0.018%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.3	−0.180%	$431K	$858K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,475.6	−0.090%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474	−0.200%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.2	−0.184%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.8	−0.281%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.4	−0.036%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDshort	+0.0100%	1h	1,474.9	−0.141%	$243K	$4.3M	10x
HTX ZEC-USDT	+0.0100%	8h	1,474.6	−0.160%	$2.5M	$22.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.7	−0.085%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.5	−0.231%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.2	−0.390%	$82K	$190K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0186%	1h	1,475.6	−0.092%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,475.2	−0.121%	$843K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0448%	1h	1,477	long leg	$3.8M	$10.5M	50x
Backpack ZEC_USDC_PERP	+0.0625%	1h	1,476.1	−0.058%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0712%	1h	1,476.2	−0.051%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0785%	1h	1,475.4	−0.102%	$44K	$48K	10x	as long as short