ZEC

Alert

Funding spread now, next payment 18:00 UTC+0.0353%/8h

next payment, per $10,000+$0.44paid, last 24h+0.096%paid, last 3 days+0.016%to open and close $10k−$294

Long on gTrade (Gains Network)Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.016% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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	gTrade (Gains Network) ZEC/USD	1,477.4	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	54m 12s	$5.3M	—	150x
Short	Coinbase International ZEC-PERP-INTX	1,479.7	0.0360	get 0.0045% / 1h	54m 12s	$3.9M	$13.6M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Coinbase InternationalbpOrdersRate

Funding earned: $74.14
Slippage, 4 orders: −$273.94
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$219.8
Break-even: 27.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Coinbase International: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.154%
Avg gap 7d: +0.112%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.04 bp	135.0 bp −$135	425.9 bp −$4,259	4809.1 bp −$480.9K	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.40 bp	14.8 bp −$15	19.5 bp −$195	52.4 bp −$5,241	doesn't fit

ZEC on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3658%	1h	$34K	$13K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0792%	1h	$18.0M	$48.0M	25x	as long as short
ApeX Omni ZECUSDT	−0.0546%	1h	$955K	$463K	50x	as long as short
Bybit ZECUSDT	−0.0243%	8h	$276.5M	$779.0M	75x	as long as short
Variational Omni ZEC	−0.0118%	8h	$47.1M	$32.4M	—	as long as short
Gate ZEC_USDT	−0.0086%	8h	$51.3M	$208.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Aster ZECUSDT	−0.0043%	8h	$14.9M	$37.8M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0020%	8h	$288K	$1.8M	20x	as long as short
OKX ZEC-USDT-SWAP	−0.0011%	8h	$176.8M	$1.60B	50x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin ZEC-USDT	−0.0005%	8h	$30.7M	$82.1M	75x	as long as short
Phoenix ZEC	−0.0004%	1h	$4.7M	$1.7M	10x	as long as short
Binance ZECUSDT	−0.0001%	8h	$676.9M	$2.88B	75x	as long as short
MEXC ZEC_USDT	−0.0001%	8h	$222.2M	$979.2M	150x	as long as short
dYdX ZEC-USD	0.0000%	1h	$416K	$108K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	$9K	$11K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$976K	$6.5M	2.2x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x
Ondo Perps ZEC-USD.P	+0.0059%	1h	$400K	$742K	5x	as long as short
BingX ZEC-USDT	+0.0060%	8h	—	$129.4M	—	as long as short
Bitget ZECUSDT	+0.0065%	8h	$167.6M	$349.4M	75x	as long as short
Katana Perps ZEC-USD	+0.0069%	8h	$14K	$978K	10x	as long as short
RISEx ZEC/USDC	+0.0072%	1h	$847K	$2.8M	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$366K	20x	as long as short
Paradex ZEC-USD-PERP	+0.0094%	8h	$61K	$38K	10x	as long as short
Lighter ZEC	+0.0096%	1h	$19.2M	$61.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$175K	$2.3M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0098% / S +0.0023%	1h	$541K	—	100x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.0M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$779.9M	$655.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	$904K	$47K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$103.7M	$68.6M	75x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$494K	$10.6M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$111K	$4.1M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$301K	$3.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	$129K	$166K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$458K	$530K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.4M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	$224K	$5.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.5M	$31.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.8M	$6.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.2M	$4.9M	10x	as long as short
Perpl ZEC	+0.0112%	43m	$77K	$409K	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0143%	1h	$2.2M	$3.7M	15x	as long as short
Arcus ZEC-USD	+0.0231%	1h	$734K	$7.0M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	$1.8M	$7.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0275%	1h	$579K	$1.4M	25x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0360%	1h	$3.9M	$13.6M	50x
Aftermath Perps ZECUSD	+0.0408%	1h	$39K	$34K	10x	as long as short