Funding you earn now, next payment 09:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.079%
Price spread now: Coinbase International against Deribit−0.006%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.006%, 7d avg +0.059%
=Funding pays, the price is against you. Coinbase International is 0.065% cheaper against Deribit than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.059%). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.076% in total) that is about 6.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,497.3 | 0.0223 | pay 0.0028% / 1h | 55m 31s | $685K | $1.3M | 25x |
| Short | Coinbase International ZEC-PERP-INTX | 1,497.2 | 0.0336 | get 0.0042% / 1h | 55m 31s | $3.9M | $9.8M | 50x |
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTXFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.73
- Price spread: −0.006% → +0.059%
- −$6.5
- Slippage, 4 orders
- −$20.93
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$20.71
- Costs to cover
- 0.379%
- Break-even
- 13.1 days
Slippage from Deribit: live order book, 3 min ago; Coinbase International: 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 Deribit live order book, 3 min ago | 4.61 bp | 8.1 bp −$8 | 13.9 bp −$139 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 1.10 bp | 13.2 bp −$13 | 18.1 bp −$181 | 984.7 bp −$98.5K | 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 | −0.3772% | 1h | 1,478.9 | −1.224% | $36K | $274K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,495.4 | −0.123% | $61K | $306K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0212% | 1h | 1,497.6 | +0.024% | $46K | $60K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0180% | 8h | 1,496.3 | −0.067% | $31.5M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,493.9 | −0.225% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0058% | 1h | 1,495.3 | −0.131% | $406K | $526K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,493.9 | −0.227% | $412K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,495.9 | −0.091% | $1.5M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,498 | +0.049% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0009% | 1h | 1,496.1 | −0.076% | $18.3M | $47.1M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,493.1 | −0.277% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0077% | 1h | 1,494.7 | −0.169% | $985K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,497.4 | +0.012% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0082% | 8h | 1,495.5 | −0.119% | $302K | $860K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,495 | −0.154% | $19.6M | $40.3M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,495.1 | −0.146% | $2.1M | $7.1M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,493.6 | −0.248% | $171K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,493.1 | −0.275% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,493.8 | −0.230% | $15K | $883K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,494 | −0.220% | $3.1M | $7.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,494.7 | −0.171% | $783.4M | $445.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,493.5 | −0.248% | $13.9M | $29.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,494.2 | −0.203% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,493.5 | −0.248% | $704.9M | $2.27B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,493.3 | −0.266% | $272.7M | $605.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,493.5 | −0.250% | $184.5M | $1.34B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,494.7 | −0.169% | $611K | $8.7M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,498.7 | +0.095% | $771K | $152K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,493.1 | −0.275% | $60.3M | $180.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,493.7 | −0.236% | $406.9M | $805.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,493.3 | −0.263% | $102.3M | $55.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,493.6 | −0.242% | $162.6M | $290.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,493 | −0.282% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,496.2 | −0.069% | $2.3M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,494.6 | −0.177% | $49.4M | $35.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,496.5 | −0.048% | $548K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,497.6 | +0.024% | $3.1M | $562K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,496.6 | −0.045% | $411K | $956K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,495.6 | −0.114% | $50K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,493.7 | −0.238% | $370K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,495.9 | −0.091% | $167K | $190K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,497.6 | +0.022% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,495.8 | −0.097% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,495 | −0.151% | $2.7M | $20.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,496.3 | −0.067% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,493.2 | −0.273% | $2.7M | $7.5M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,495.7 | −0.106% | $43K | $157K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0168% / S −0.0168% | 1h | 1,496.1 | −0.077% | $340K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0223% | 1h | 1,497.3 | long leg | $685K | $1.3M | 25x | |
| Coinbase International ZEC-PERP-INTXshort | +0.0336% | 1h | 1,497.2 | −0.006% | $3.9M | $9.8M | 50x |
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]