ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0202%/8h= −22.1% APRnext payment −$0.25 per $10,000 · paid last 24h −0.009%

Price spread now: SoDEX against Deribit−0.159%7-day average −0.063% · 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−$33as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.159%, 7d avg −0.063%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.096% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.043% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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	Deribit ZEC_USDC-PERPETUAL	1,482.2	0.0302	pay 0.0038% / 1h	31m 47s	$591K	$1.4M	25x
Short	SoDEX ZEC-USD	1,479.9	0.0100	get 0.0013% / 1h	31m 47s	$225K	$4.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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 DeribitbpFee SoDEXbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$42.45
Price spread: −0.159% → −0.063%: −$9.57
Slippage, 4 orders: −$8.14
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$75.16
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; SoDEX: live order book, 3 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 Deribit live order book, 3 min ago	2.98 bp	6.5 bp −$6	14.3 bp −$143	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.44 bp	5.4 bp −$5	15.9 bp −$159	104.1 bp −$10.4K	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	−0.3181%	1h	1,476.9	−0.359%	$34K	$159K	12x	as long as short
ApeX Omni ZECUSDT	−0.0092%	1h	1,475.7	−0.439%	$735K	$601K	50x	as long as short
Variational Omni ZEC	−0.0090%	8h	1,479.3	−0.195%	$47.8M	$30.5M	—	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,481.5	−0.049%	$6K	$2K	10x	as long as short
BloFin ZEC-USDT	−0.0068%	8h	1,481.8	−0.025%	$29.9M	$78.1M	75x	as long as short
Bybit ZECUSDT	−0.0064%	8h	1,479.5	−0.183%	$277.6M	$691.6M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0052%	1h	1,479.9	−0.152%	$18.1M	$44.9M	25x	as long as short
Orderly PERP_ZEC_USDC	−0.0006%	8h	1,481.5	−0.050%	$288K	$1.5M	20x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,479.9	−0.156%	$417K	$107K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,481.2	−0.070%	$990K	$5.4M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,479.6	−0.174%	$84K	$416K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,480.3	−0.128%	$5.2M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0015%	8h	1,479.9	−0.158%	$178.2M	$1.41B	50x	as long as short
Aster ZECUSDT	+0.0041%	8h	1,480.1	−0.140%	$15.3M	$34.7M	75x	as long as short
Phoenix ZEC	+0.0045%	1h	1,479.2	−0.200%	$4.7M	$1.5M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0059% / S +0.0051%	1h	1,480.1	−0.141%	$580K	—	100x	as long as short
MEXC ZEC_USDT	+0.0068%	8h	1,479.8	−0.162%	$233.5M	$928.6M	150x	as long as short
Binance ZECUSDT	+0.0069%	8h	1,479.9	−0.156%	$678.5M	$2.57B	75x	as long as short
Gate ZEC_USDT	+0.0069%	8h	1,480.4	−0.122%	$51.2M	$184.9M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,482.4	+0.013%	$9K	$7K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0083%	1h	1,476.3	−0.398%	$400K	$538K	5x	as long as short
Katana Perps ZEC-USD	+0.0093%	8h	1,482.4	+0.013%	$12K	$886K	10x	as long as short
Polymarket Perps ZEC-USD	+0.0095%	1h	1,480.1	−0.142%	$308K	$2.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,481.3	−0.058%	$174K	$2.0M	50x	as long as short
Aevo ZEC-PERP	+0.0096%	1h	1,481.2	−0.070%	$37K	$362K	20x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,479.9	−0.154%	$61K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,481.2	−0.067%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,481.3	−0.061%	$772.7M	$509.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,480.2	−0.134%	$1.7M	$3.2M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,479.5	−0.182%	$104.4M	$58.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,480.2	−0.136%	$172.7M	$317.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,479.7	−0.167%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,481.3	−0.063%	$2.4M	$3.9M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.5	−0.385%	$495K	$10.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,478.1	−0.280%	$3.0M	$514K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478.8	−0.231%	$111K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,480	−0.151%	$130K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,479.7	−0.170%	$450K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,485.1	+0.196%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USDshort	+0.0100%	1h	1,479.9	−0.159%	$225K	$4.8M	10x
HTX ZEC-USDT	+0.0100%	8h	1,480.3	−0.129%	$2.4M	$26.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,481	−0.082%	$3.8M	$5.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,481.7	−0.034%	$914K	$30K	10x	as long as short
RISEx ZEC/USDC	+0.0138%	1h	1,481.6	−0.040%	$873K	$2.5M	10x	as long as short
Lighter RH ZEC	+0.0184%	1h	1,480.9	−0.088%	$1.6M	$7.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0302%	1h	1,482.2	long leg	$591K	$1.4M	25x
Lighter ZEC	+0.0304%	1h	1,481.2	−0.068%	$19.6M	$54.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,482.4	+0.016%	$3.8M	$11.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0495%	1h	1,477.5	−0.317%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0538%	1h	1,482.6	+0.025%	$711K	$7.5M	10x	as long as short
Extended ZEC-USD	+0.0624%	1h	1,479.9	−0.152%	$3.9M	$5.2M	10x	as long as short