ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0344%/8h= −37.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.075%

Price spread now: Aevo against Coinbase International−0.129%7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.129%, 7d avg −0.124%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.124%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	Coinbase International ZEC-PERP-INTX	1,463	0.0448	pay 0.0056% / 1h	23m 56s	$3.8M	$9.0M	50x
Short	Aevo ZEC-PERP	1,461.1	0.0104	get 0.0013% / 1h	23m 56s	$47K	$151K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.129%Rate

Funding earned: −$72.24
Price spread: −0.129% → −0.124%: −$0.49
Slippage, 4 orders: −$46.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$145.04
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Aevo: live order book, 35 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	1.03 bp	12.6 bp −$13	15.4 bp −$154	50.7 bp −$5,065	doesn't fit
Sell Aevo live order book, 35 min ago	11.97 bp	27.2 bp −$27	33.4 bp −$334	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	−0.3166%	1h	1,460.6	−0.159%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.9	−0.139%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,460.7	−0.157%	$29.3M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,460.1	−0.196%	$411K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.7	−0.019%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,460.8	−0.149%	$84K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.8	−0.146%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460.9	−0.144%	$292K	$956K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0068% / S −0.0019%	1h	1,460.7	−0.152%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,460.9	−0.143%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,460.6	−0.164%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,460.6	−0.163%	$11K	$856K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.5	−0.171%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.6	−0.161%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,462.6	−0.025%	$760.2M	$431.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.8	−0.079%	$14.5M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.8	−0.149%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.5	−0.102%	$671.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,460.7	−0.152%	$263.6M	$600.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,461.1	−0.128%	$178.3M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.496%	$396K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.2	−0.392%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,461.5	−0.100%	$50.7M	$174.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.5	−0.102%	$216.9M	$773.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.6	−0.092%	$102.7M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.4	−0.106%	$166.4M	$271.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,461.2	−0.119%	—	$103.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,461.9	−0.072%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.9	−0.348%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.8	−0.491%	$567K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.4	−0.383%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	−0.409%	$406K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.7	−0.154%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.6	−0.161%	$367K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.7	−0.152%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,460	−0.201%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.9	−0.007%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.3	−0.115%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.8	−0.219%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.8	−0.146%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.3	−0.114%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERPshort	+0.0104%	1h	1,461.1	−0.129%	$47K	$151K	20x
Phoenix ZEC	+0.0123%	1h	1,458.1	−0.331%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0191%	1h	1,461.8	−0.077%	$611K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,461.2	−0.119%	$18.1M	$45.0M	25x	as long as short
Lighter ZEC	+0.0288%	1h	1,462.3	−0.043%	$19.3M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,460.7	−0.156%	$924K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0448%	1h	1,463	long leg	$3.8M	$9.0M	50x
Lighter RH ZEC	+0.0456%	1h	1,462.7	−0.015%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,461.7	−0.086%	$688K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0682%	1h	1,458.1	−0.335%	$45K	$49K	10x	as long as short