ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.44 per $10,000 · paid last 24h +0.076%

Price spread now: Coinbase International against Derive+0.198%7-day average +0.197% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.198%, 7d avg +0.197%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.197%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 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	Derive ZEC-PERP	1,456.9	0.0100	pay 0.0013% / 1h	10m 46s	$445K	$521K	6.7x
Short	Coinbase International ZEC-PERP-INTX	1,459.8	0.0456	get 0.0057% / 1h	10m 46s	$3.7M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DerivebpFee Coinbase InternationalbpOrdersPrice spread, now +0.198%Rate

Funding earned: $74.76
Price spread: +0.198% → +0.197%: $0.05
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $58.81
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 3 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 3 min ago	1.65 bp	13.3 bp −$13	14.5 bp −$145	36.7 bp −$3,671	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3244%	1h	1,441.1	−1.084%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,457.8	+0.060%	$29.4M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.5	+0.037%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.1	+0.084%	$411K	$42K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.3	+0.092%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.8	−0.010%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.9	+0.064%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0052%	8h	1,458.4	+0.098%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,457.5	+0.041%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,458.4	+0.101%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,457.3	+0.023%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,457	+0.008%	$13K	$867K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.1	+0.081%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.5	+0.040%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.3	+0.095%	$757.8M	$434.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,457.6	+0.046%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.8	+0.062%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.8	+0.063%	$668.4M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,457.4	+0.033%	$263.2M	$605.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,457.7	+0.053%	$178.3M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.3	−0.111%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.036%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,457.2	+0.021%	$50.2M	$175.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.7	+0.052%	$214.0M	$780.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.6	+0.049%	$102.2M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.9	+0.068%	$162.0M	$273.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.8	−0.011%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,456.4	−0.037%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.7	−0.016%	$567K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.022%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.2	−0.051%	$410K	$911K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.6	−0.024%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457	+0.005%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.8	+0.061%	$160K	$185K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,456.9	long leg	$445K	$521K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,460	+0.208%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.7	+0.051%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.8	−0.012%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458	+0.072%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457	+0.006%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.8	+0.060%	$47K	$153K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0106%	1h	1,458.9	+0.132%	$2.4M	$3.8M	15x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,457.6	+0.045%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,457.6	+0.048%	$18.0M	$44.6M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,459	+0.142%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,459	+0.146%	$712K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0352%	1h	1,459.3	+0.163%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,457.8	+0.059%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0456%	1h	1,459.8	+0.198%	$3.7M	$9.1M	50x
Deribit ZEC_USDC-PERPETUAL	+0.0476%	1h	1,459.5	+0.174%	$613K	$1.3M	25x	as long as short
Aftermath Perps ZECUSD	+0.0690%	1h	1,458.7	+0.121%	$45K	$49K	10x	as long as short