Funding you earn now, next payment 22:00 UTC−0.0324%/8h= −35.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.088%
Price spread now: SoDEX against Coinbase International−0.176%7-day average −0.119% · 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−$42as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 3 days (all we have)−0.193%−$19 on $10k
+Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.176%, 7d avg −0.119%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.057% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.119%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ZEC-PERP-INTX | 1,463.7 | 0.0424 | pay 0.0053% / 1h | 49m 30s | $3.7M | $11.6M | 50x |
| Short | SoDEX ZEC-USD | 1,461.2 | 0.0100 | get 0.0013% / 1h | 49m 30s | $222K | $4.6M | 10x |
Coinbase International ZEC-PERP-INTX
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.04
- Price spread: −0.176% → −0.119%
- −$5.69
- Slippage, 4 orders
- −$17.86
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$109.59
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; SoDEX: live order book, 5 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 | 1.71 bp | 12.6 bp −$13 | 16.5 bp −$165 | 50.9 bp −$5,091 | doesn't fit |
| Sell SoDEX live order book, 5 min ago | 0.82 bp | 5.1 bp −$5 | 15.5 bp −$155 | 104.9 bp −$10.5K | 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 | −0.3310% | 1h | 1,462.9 | −0.055% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,461.7 | −0.142% | $17.8M | $44.7M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,459 | −0.321% | $29.1M | $75.3M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0093% | 1h | 1,459.3 | −0.303% | $397K | $518K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.5 | −0.082% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0044% | 8h | 1,462.2 | −0.103% | $270.2M | $675.7M | 75x | as long as short |
| Variational Omni ZEC | −0.0023% | 8h | 1,459.1 | −0.315% | $46.4M | $34.1M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0002% | 1h | 1,461.6 | −0.150% | $429K | $817K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.8 | −0.064% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460.1 | −0.252% | $889K | $5.7M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,462.2 | −0.108% | $83K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,462.2 | −0.106% | $595K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.3 | −0.027% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,463.1 | −0.041% | $559K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,460.9 | −0.195% | $292K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,463 | −0.051% | $175.2M | $1.36B | 50x | as long as short |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | −0.217% | $899K | $25K | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,463.6 | −0.008% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0059% | 8h | 1,462.4 | −0.094% | $49.7M | $183.8M | 75x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,459.6 | −0.281% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,463.1 | −0.042% | $14K | $864K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,463.9 | +0.010% | $18.9M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,462.8 | −0.061% | $174K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462.2 | −0.102% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.6 | −0.081% | $2.5M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,463.4 | −0.023% | $758.1M | $489.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,462.8 | −0.067% | $15.4M | $33.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.6 | −0.075% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,463.2 | −0.035% | $671.2M | $2.52B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.6 | −0.013% | $219.5M | $852.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463 | −0.051% | $103.2M | $56.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463 | −0.051% | $162.2M | $309.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,462 | −0.118% | — | $6.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.8 | −0.266% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,458.9 | −0.330% | $3.0M | $492K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458.6 | −0.348% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463 | −0.051% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.9 | −0.059% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.2 | −0.310% | $446K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,463.6 | −0.007% | $4K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,461.2 | −0.176% | $222K | $4.6M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462 | −0.117% | $2.4M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.5 | −0.152% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,463.1 | −0.043% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.4 | −0.161% | $36K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,463.5 | −0.019% | $843K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0229% | 1h | 1,462.7 | −0.074% | $2.3M | $4.0M | 15x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,464.3 | +0.035% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0424% | 1h | 1,463.7 | long leg | $3.7M | $11.6M | 50x | |
| Arcus ZEC-USD | +0.0444% | 1h | 1,463.8 | +0.005% | $742K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0518% | 1h | 1,463.3 | −0.028% | $40K | $34K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
01 Exchange ZECUSD
Gate ZEC_USDT
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD