ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0504%/8h= −55.2% APRpaid last 24h −0.107%

Price spread now: Variational Omni against Coinbase International−0.203%7-day average −0.184% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.204%−$20 on $10k

Price spread, last 3 days (all we have)−0.607%−$61 · spread now −0.203%, 7d avg −0.184%

Together, before fees−0.811%+ Points / potential airdropVariational Omni: Active · farm board−$81 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.184%, so right now this pair is about funding alone: −$15 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	1,471.2	0.0448	pay 0.0056% / 1h	36m 20s	$3.8M	$10.1M	50x
Short	Variational Omni ZEC	1,468.2	−0.0056	pay 0.0056% / 8h	7h 36m	$47.6M	$34.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.203%Rate

Funding earned: −$105.8
Price spread: −0.203% → −0.184%: −$1.92
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$117.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 3 min ago	0.98 bp	12.2 bp −$12	13.9 bp −$139	41.1 bp −$4,108	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.86 bp	doesn't fit	6.3 bp −$63	18.5 bp −$1,850	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	1,471.5	+0.020%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,468.9	−0.156%	$17.8M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0148%	1h	1,469.6	−0.107%	$399K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0103%	8h	1,470.2	−0.065%	$29.8M	$73.3M	75x	as long as short
Bybit ZECUSDT	−0.0098%	8h	1,467.9	−0.222%	$274.1M	$638.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.7	−0.029%	$6K	$2K	10x	as long as short
Variational Omni ZECshort	−0.0056%	8h	1,468.2	−0.203%	$47.6M	$34.2M	—
dYdX ZEC-USD	0.0000%	1h	1,469.8	−0.093%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	−0.105%	$957K	$5.3M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.7	−0.166%	$83K	$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	1,469	−0.145%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,468.6	−0.177%	$293K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,468.9	−0.152%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0043%	8h	1,468.3	−0.197%	$181.7M	$1.30B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,470.9	−0.022%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0010%	1h	1,469	−0.148%	$378K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0066%	1h	1,469.4	−0.117%	$611K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468.8	−0.160%	$175K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469	−0.146%	$60K	$39K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469	−0.146%	$14K	$834K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,469.3	−0.127%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470.2	−0.066%	$762.8M	$454.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.9	−0.152%	$14.9M	$31.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469.7	−0.100%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.6	−0.175%	$683.5M	$2.39B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,470.6	−0.039%	$699K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471	−0.013%	$895K	$25K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,469	−0.145%	$51.3M	$178.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.9	−0.157%	$231.0M	$824.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469	−0.150%	$105.1M	$55.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.8	−0.160%	$163.4M	$293.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,469.1	−0.142%	—	$100.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.6	−0.039%	$572K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,471.5	+0.024%	$3.0M	$466K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,471.4	+0.018%	$430K	$860K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.1	−0.076%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.6	−0.175%	$332K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.9	−0.157%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.9	−0.293%	$457K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471.1	−0.006%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,468.7	−0.166%	$242K	$4.1M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.4	−0.120%	$2.5M	$21.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.7	−0.099%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.8	−0.158%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,468.5	−0.180%	$58K	$183K	20x	as long as short
Lighter ZEC	+0.0176%	1h	1,470.4	−0.051%	$19.2M	$50.3M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,469.4	−0.117%	$840K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0448%	1h	1,471.2	long leg	$3.8M	$10.1M	50x
Backpack ZEC_USDC_PERP	+0.0539%	1h	1,470.9	−0.019%	$2.6M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0767%	1h	1,471.4	+0.019%	$44K	$48K	10x	as long as short
Lighter RH ZEC	+0.0768%	1h	1,471.3	+0.011%	$2.0M	$8.1M	10x	as long as short