ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.091%

Price spread now: Coinbase International against Deribit+0.052%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now +0.052%, 7d avg +0.058%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$8 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 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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	Deribit ZEC_USDC-PERPETUAL	1,475.5	0.0192	pay 0.0024% / 1h	55m 36s	$615K	$1.3M	25x
Short	Coinbase International ZEC-PERP-INTX	1,476.2	0.0448	get 0.0056% / 1h	55m 36s	$3.8M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.052%Rate

Funding earned: $53.67
Price spread: +0.052% → +0.058%: −$0.51
Slippage, 4 orders: −$32.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.12
Costs to cover: 0.490%
Break-even: 6.5 days

Slippage from Deribit: live order book, 3 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 Deribit live order book, 3 min ago	6.42 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.88 bp	11.8 bp −$12	16.1 bp −$161	48.1 bp −$4,809	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	−0.3321%	1h	1,473.2	−0.154%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,474.7	−0.053%	$17.9M	$43.6M	25x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,473.3	−0.148%	$29.7M	$74.7M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0086%	1h	1,472.2	−0.221%	$399K	$516K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.3	−0.077%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,472.4	−0.209%	$47.7M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.7	−0.050%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.4	−0.075%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.2	−0.152%	$84K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.9	−0.104%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ZECUSDT	+0.0007%	8h	1,474.6	−0.062%	$3.9M	$5.4M	50x	as long as short
Bybit ZECUSDT	+0.0011%	8h	1,473.4	−0.139%	$275.2M	$647.7M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,474.1	−0.092%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	−0.319%	$4.7M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,473.7	−0.117%	$182.2M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,474	−0.102%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,473.6	−0.124%	$372K	—	100x	as long as short
Gate ZEC_USDT	+0.0079%	8h	1,474	−0.101%	$51.3M	$177.6M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.8	+0.025%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473.9	−0.106%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,474.7	−0.055%	$12K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.7	−0.116%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	−0.064%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.3	−0.011%	$764.9M	$473.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474	−0.099%	$15.0M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.5	−0.067%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474	−0.099%	$684.7M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475.2	−0.017%	$693K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.320%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.1	−0.090%	$229.9M	$819.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.1	−0.091%	$104.8M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474	−0.100%	$164.0M	$300.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.5	−0.137%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472	−0.238%	$550K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.093%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.7	−0.186%	$432K	$851K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474	−0.097%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.6	−0.127%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.5	−0.135%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.5	−0.203%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.8	+0.022%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.5	−0.066%	$243K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.6	−0.124%	$2.5M	$22.5M	75x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.1	−0.090%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.4	−0.141%	$29K	$203K	20x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0192%	1h	1,475.5	long leg	$615K	$1.3M	25x
RISEx ZEC/USDC	+0.0228%	1h	1,474.7	−0.051%	$841K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0448%	1h	1,476.2	+0.052%	$3.8M	$10.6M	50x
Lighter RH ZEC	+0.0584%	1h	1,476.5	+0.069%	$2.0M	$7.9M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0624%	1h	1,475.4	−0.007%	$2.5M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0779%	1h	1,473.5	−0.136%	$46K	$46K	10x	as long as short