ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: SoDEX against Deribit−0.044%7-day average −0.061% · 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−$25as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.044%, 7d avg −0.061%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ZEC_USDC-PERPETUAL	1,490.5	0.0148	pay 0.0019% / 1h	53m 59s	$709K	$1.4M	25x
Short	SoDEX ZEC-USD	1,489.8	0.0100	get 0.0013% / 1h	53m 59s	$254K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$10.17
Price spread: −0.044% → −0.061%: $1.74
Slippage, 4 orders: −$11.43
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.86
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Deribit: 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 Deribit live order book, 5 min ago	4.19 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.34 bp	4.9 bp −$5	15.0 bp −$150	105.2 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	−0.3684%	1h	1,491.6	+0.073%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0122%	8h	1,494	+0.238%	$30.7M	$74.1M	75x	as long as short
ApeX Omni ZECUSDT	−0.0117%	1h	1,492.3	+0.119%	$413K	$931K	50x	as long as short
Bulk ZEC-USD	−0.0102%	1h	1,494.5	+0.271%	$903K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,489.8	−0.044%	$18.1M	$46.4M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,493.6	+0.208%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,490.6	+0.009%	$414K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,491.5	+0.069%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,489.4	−0.076%	$61K	$291K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,490	−0.031%	$5.3M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0071%	8h	1,489.4	−0.072%	$299K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0092%	1h	1,493.6	+0.210%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,490.3	−0.011%	$157K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,490.7	+0.016%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,489.9	−0.042%	$14.2M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,490.6	+0.006%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,489.9	−0.040%	$693.9M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,489.4	−0.073%	$269.6M	$625.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,489.3	−0.078%	$180.9M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,488.1	−0.160%	$405K	$478K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,490.3	−0.011%	$54.4M	$178.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,490.2	−0.021%	$232.6M	$771.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,490.1	−0.023%	$102.4M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,489.7	−0.053%	$160.5M	$286.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,489.4	−0.076%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,490.6	+0.005%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,493.6	+0.209%	$48.8M	$33.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,489.7	−0.052%	$569K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,494.5	+0.268%	$3.1M	$477K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,494	+0.232%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,489.8	−0.046%	$361K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,489.6	−0.059%	$164K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,489.1	−0.096%	$455K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,491.7	+0.079%	$4K	$1.2M	20x	as long as short
SoDEX ZEC-USDshort	+0.0100%	1h	1,489.8	−0.044%	$254K	$3.5M	10x
HTX ZEC-USDT	+0.0100%	8h	1,489	−0.100%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,490.5	−0.001%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,490.5	+0.001%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,490.1	−0.026%	$13K	$861K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,490	−0.034%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,489.7	−0.054%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0105% / S −0.0081%	1h	1,489.1	−0.092%	$373K	—	100x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,490.5	+0.001%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,491	+0.033%	$933K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0148%	1h	1,490.5	long leg	$709K	$1.4M	25x
Hyperliquid ZEC	+0.0158%	1h	1,491.4	+0.060%	$776.9M	$437.0M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,492.4	+0.127%	$607K	$8.6M	10x	as long as short
Aftermath Perps ZECUSD	+0.0273%	1h	1,492.9	+0.162%	$49K	$63K	10x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,491.7	+0.079%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0336%	1h	1,491.4	+0.060%	$19.5M	$45.4M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,492.6	+0.140%	$3.6M	$9.9M	50x	as long as short