ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0356%/8h= −39.0% APRnext payment −$0.45 per $10,000 · paid last 24h −0.081%

Price spread now: Nado against Coinbase International−0.009%7-day average −0.097% · 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−$27as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.182%−$18 on $10k

Price spread, last 3 days (all we have)−0.225%−$22 · spread now −0.009%, 7d avg −0.097%

Together, before fees−0.407%+ Points / potential airdropNado: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.088% dearer against Coinbase International than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.097%): +$9 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,462.8	0.0456	pay 0.0057% / 1h	55m 16s	$3.6M	$8.9M	50x
Short	Nado ZEC-PERP	1,462.6	0.0100	get 0.0012% / 1h	55m 16s	$2.5M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.009%Rate

Funding earned: −$74.76
Price spread: −0.009% → −0.097%: $8.76
Slippage, 4 orders: −$19.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$102.25
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Nado: live order book, 4 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, 4 min ago	0.58 bp	13.0 bp −$13	16.3 bp −$163	53.8 bp −$5,376	doesn't fit
Sell Nado live order book, 4 min ago	0.03 bp	6.4 bp −$6	10.6 bp −$106	32.1 bp −$3,215	doesn't fit

ZEC on 50 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	−0.3244%	1h	1,469.5	+0.462%	$34K	$272K	12x	as long as short
ApeX Omni ZECUSDT	−0.0430%	1h	1,464	+0.081%	$426K	$879K	50x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.7	−0.008%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0076%	1h	1,465.5	+0.187%	$397K	$440K	5x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.7	−0.007%	$412K	$47K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.2	−0.038%	$964K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461.2	−0.106%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.2	−0.111%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0033%	8h	1,460.5	−0.158%	$292K	$983K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0042%	1h	1,461.5	−0.090%	$610K	$1.3M	25x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,461.2	−0.105%	$382K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,462.3	−0.030%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.4	+0.250%	$4.6M	$1.4M	10x	as long as short
Variational Omni ZEC	+0.0084%	8h	1,465.1	+0.156%	$47.8M	$32.1M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0096%	8h	1,463.1	+0.023%	$180.0M	$1.23B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,461.5	−0.086%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,461.6	−0.083%	$19K	$846K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462	−0.052%	$60K	$43K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,462.6	−0.009%	$2.5M	$6.5M	10x
Hyperliquid ZEC	+0.0100%	1h	1,462	−0.053%	$762.2M	$435.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.3	−0.100%	$14.6M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.3	−0.034%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,462.1	−0.044%	$675.8M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,462.6	−0.009%	$271.2M	$605.1M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.6	−0.014%	$888K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,461.1	−0.118%	$49.9M	$169.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,462.9	+0.009%	$215.5M	$768.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.7	−0.141%	$102.7M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461	−0.120%	$162.2M	$275.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460.8	−0.136%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.3	+0.170%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,465.9	+0.216%	$3.0M	$430K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,465.8	+0.207%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.3	−0.100%	$341K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.2	−0.108%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.3	−0.237%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463.1	+0.025%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.2	−0.105%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461.8	−0.065%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.9	−0.062%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.2	−0.110%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461	−0.122%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,463.1	+0.024%	$19.1M	$45.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,461.4	−0.096%	$18.0M	$43.7M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0211%	1h	1,464.7	+0.131%	$2.4M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0232%	1h	1,463.3	+0.036%	$2.1M	$6.8M	10x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,464.6	+0.128%	$701K	$8.5M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,462.3	−0.034%	$850K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0456%	1h	1,462.8	long leg	$3.6M	$8.9M	50x
Aftermath Perps ZECUSD	+0.0734%	1h	1,467.1	+0.293%	$43K	$46K	10x	as long as short