ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0368%/8h= +40.3% APRnext payment +$0.46 per $10,000 · paid last 24h +0.107%

Price spread now: Coinbase International against dYdX−0.079%7-day average +0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$970.965% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+1.564%+$156 · spread now −0.079%, 7d avg +0.131%

Together, before fees+1.562%+$156 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.210% cheaper against dYdX than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.131%). If the spread goes back, that is −$21 on $10k: about 46 hours of funding at the current rate (+$11 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 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	dYdX ZEC-USD	1,507.8	0	get 0.0000% / 1h	25m 57s	$419K	$34K	5x
Short	Coinbase International ZEC-PERP-INTX	1,506.6	0.0368	get 0.0046% / 1h	25m 57s	$3.8M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.079%Rate

Funding earned: $77.28
Price spread: −0.079% → +0.131%: −$20.99
Slippage, 4 orders: −$76.55
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.26
Costs to cover: 0.965%
Break-even: 10.6 days

Slippage from dYdX: live order book, 8 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 dYdX live order book, 8 min ago	31.50 bp	36.7 bp −$37	45.1 bp −$451	112.6 bp −$11.3K	126.3 bp −$63.1K
Sell Coinbase International live order book, 3 min ago	2.56 bp	9.0 bp −$9	10.6 bp −$106	40.3 bp −$4,025	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	−0.3702%	1h	1,491.4	−1.083%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,507.1	−0.040%	$62K	$305K	10x	as long as short
Aftermath Perps ZECUSD	−0.0220%	1h	1,505.1	−0.173%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0160%	8h	1,505.1	−0.178%	$31.8M	$76.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,506.4	−0.093%	$6K	$1K	10x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,507.8	long leg	$419K	$34K	5x
Kalshi KXZECPERP	0.0000%	8h	1,507.2	−0.037%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501.9	−0.389%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,507.3	−0.029%	$18.4M	$47.7M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,508.6	+0.056%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,504.2	−0.237%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,507.3	−0.032%	$304K	$860K	20x	as long as short
Gate ZEC_USDT	+0.0088%	8h	1,509.1	+0.087%	$60.8M	$186.3M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,508.4	+0.040%	$19.5M	$45.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,508.5	+0.048%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,508.6	+0.059%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,504.2	−0.237%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,507.9	+0.011%	$16K	$893K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,509.1	+0.088%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,508.6	+0.056%	$789.1M	$447.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,509.4	+0.108%	$14.2M	$30.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504	−0.248%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,510.1	+0.156%	$712.5M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,509.2	+0.094%	$270.7M	$618.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,509.6	+0.122%	$184.4M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,504.9	−0.189%	$409K	$548K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,508.8	+0.067%	$604K	$9.0M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,503.8	−0.265%	$774K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,508.6	+0.059%	$406.3M	$837.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,508	+0.019%	$103.1M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,508.6	+0.056%	$163.3M	$295.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,509.7	+0.128%	—	$120.4M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,502.5	−0.345%	$49.7M	$36.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.3	−0.296%	$554K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,502.7	−0.332%	$3.1M	$533K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,503.6	−0.278%	$413K	$952K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.4	−0.153%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,508.7	+0.063%	$375K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,507.7	0.000%	$168K	$192K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.380%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510.5	+0.182%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,508.2	+0.027%	$255K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,506.1	−0.111%	$2.7M	$21.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,507.9	+0.011%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,508.5	+0.048%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,507.6	−0.012%	$45K	$153K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0152%	1h	1,508.1	+0.020%	$690K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,508.2	+0.027%	$953K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0161% / S −0.0166%	1h	1,507.6	−0.012%	$335K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0225%	1h	1,508.5	+0.048%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0368%	1h	1,506.6	−0.079%	$3.8M	$10.1M	50x