Funding you earn now, next payment 12:00 UTC+0.0360%/8h= +39.4% APRnext payment +$0.45 per $10,000 · paid last 24h +0.085%
Price spread now: Coinbase International against Aevo+0.188%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.188%, 7d avg +0.125%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.063% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.125%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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 | Aevo ZEC-PERP | 1,535.2 | 0.0104 | pay 0.0013% / 1h | 23m 57s | $33K | $157K | 20x |
| Short | Coinbase International ZEC-PERP-INTX | 1,538.1 | 0.0464 | get 0.0058% / 1h | 23m 57s | $4.0M | $9.4M | 50x |
Aevo ZEC-PERP
Coinbase International ZEC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Aevo. 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
- $75.6
- Price spread: +0.188% → +0.125%
- $6.26
- Slippage, 4 orders
- −$40.97
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $14.9
- Costs to cover
- 0.670%
- Break-even
- 5.6 days
Slippage from Aevo: live order book, 13 min ago; Coinbase International: 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 Aevo live order book, 13 min ago | 7.03 bp | 22.7 bp −$23 | 35.8 bp −$358 | 81.3 bp −$8,126 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.30 bp | 14.4 bp −$14 | 17.4 bp −$174 | 44.2 bp −$4,416 | 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 | −0.3751% | 1h | 1,520.1 | −0.986% | $37K | $266K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,533.7 | −0.101% | $64K | $291K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0133% | 8h | 1,537.1 | +0.122% | $33.0M | $69.3M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,536 | +0.052% | $422K | $28K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,536.3 | +0.069% | $1.9M | $5.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,535.2 | 0.000% | $5.4M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0059% | 8h | 1,535.8 | +0.037% | $339K | $714K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0069% | 1h | 1,536 | +0.051% | $911K | $1.3M | 10x | as long as short |
| Phoenix ZEC | +0.0072% | 1h | 1,539 | +0.250% | $4.9M | $1.3M | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,536.1 | +0.060% | $19.7M | $38.3M | 20x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
RISEx ZEC/USDC
Phoenix ZEC
Lighter ZECShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,535.6 | +0.022% | $172K | $1.3M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,535.3 | +0.009% | $30K | $954K | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,533.5 | −0.113% | $14.4M | $24.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,535.9 | +0.047% | $1.5M | $2.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,533.8 | −0.090% | $733.5M | $2.09B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,533.8 | −0.094% | $284.6M | $574.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,533.8 | −0.092% | $191.3M | $1.27B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,533.4 | −0.118% | $416K | $452K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,536.6 | +0.093% | $592K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,535.9 | +0.047% | $787K | $44K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,533.5 | −0.109% | $69.5M | $171.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,534.1 | −0.070% | $195.4M | $808.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,533.7 | −0.101% | $111.5M | $54.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,533.7 | −0.096% | $166.4M | $268.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,534 | −0.078% | — | $121.8M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,537.1 | +0.124% | $50.9M | $31.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,535.6 | +0.027% | $562K | $7.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,535.8 | +0.040% | $3.1M | $667K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,534.9 | −0.020% | $415K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,538.6 | +0.218% | $112K | $4.4M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,535.6 | +0.026% | $435K | $1.5M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,535.6 | +0.024% | $168K | $189K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,535.4 | +0.010% | $370K | $512K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,537.5 | +0.149% | $2K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,535.4 | +0.013% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,532.5 | −0.174% | $3.0M | $19.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,535.3 | +0.007% | $4.2M | $4.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,535.6 | +0.029% | $64K | $13K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,533.5 | −0.108% | $2.7M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERPlong | +0.0104% | 1h | 1,535.2 | long leg | $33K | $157K | 20x | |
| Lighter RH ZEC | +0.0112% | 1h | 1,536.1 | +0.060% | $2.1M | $7.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0113% | 1h | 1,535.9 | +0.044% | $47K | $80K | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,536 | +0.050% | $6K | $9K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0192% | 1h | 1,536.1 | +0.055% | $713K | $1.2M | 25x | as long as short |
| Hyperliquid ZEC | +0.0214% | 1h | 1,534.8 | −0.027% | $815.0M | $391.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0233% / S −0.0287% | 1h | 1,535.4 | +0.010% | $354K | — | 100x | as long as short |
| Nado ZEC-PERP | +0.0243% | 1h | 1,535.8 | +0.038% | $3.5M | $7.0M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0391% | 1h | 1,535.6 | +0.025% | $19.1M | $45.6M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTXshort | +0.0464% | 1h | 1,538.1 | +0.188% | $4.0M | $9.4M | 50x | |
| Backpack ZEC_USDC_PERP | +0.0555% | 1h | 1,533.9 | −0.083% | $2.1M | $3.5M | 15x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Extended ZEC-USD
Lighter RH ZEC
Aftermath Perps ZECUSD
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Hyperliquid ZEC
GMX ZEC/USD [WBTC.b-USDC]
Nado ZEC-PERP
Kraken Futures PF_ZECUSD
Backpack ZEC_USDC_PERP