Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.44 per $10,000 · paid last 24h +0.057%
Price spread now: Coinbase International against Hyperliquid−0.008%7-day average +0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Long on HyperliquidShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.175%−$17 on $10k
Price spread, last 4 days (all we have)+1.483%+$148 · spread now −0.008%, 7d avg +0.108%
Together, before fees+1.308%+ Points / potential airdropHyperliquid: Season 2 · farm board+$131 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.108%). If the spread goes back, that is −$12 on $10k: about 26 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.175%, 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 -0.175% in total (about -9.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZEC1,450.50.0100pay 0.0013% / 1h38m 08s$755.3M$433.1M10x
ShortCoinbase International ZEC-PERP-INTX1,450.40.0456get 0.0057% / 1h38m 08s$3.7M$9.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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

Funding earned
$74.76
Price spread: −0.008% → +0.108%
−$11.52
Slippage, 4 orders
−$15.42
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$28.83
Costs to cover
0.344%
Break-even
4.3 days
Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago0.34 bp6.4 bp −$68.3 bp −$83doesn't fitdoesn't fit
Sell Coinbase International live order book, 1 min ago3.38 bp14.2 bp −$1417.2 bp −$17250.9 bp −$5,087doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3244%1h1,453.3+0.189%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,449.6−0.066%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0079%8h1,449.9−0.041%$29.3M$70.6M75xas long as short
dYdX ZEC-USD0.0000%1h1,448.4−0.149%$408K$45K5xas long as short
Kalshi KXZECPERP0.0000%8h1,449.6−0.063%$957K$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,450.7+0.011%$83K$248K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,448.3−0.157%$5.1M—150xas long as short
Orderly PERP_ZEC_USDC+0.0039%8h1,448.8−0.123%$289K$979K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0053% / S −0.0009%1h1,449.4−0.076%$374K—100xas long as short
Ondo Perps ZEC-USD.P+0.0060%1h1,445.9−0.319%$396K$431K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0074%1h1,454.9+0.303%$4.6M$1.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,449.5−0.070%$173K$1.8M50xas long as short
Gate ZEC_USDT+0.0096%8h1,449.6−0.066%$49.2M$172.2M75xas long as short
Katana Perps ZEC-USD+0.0100%8h1,448.5−0.139%$13K$855K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,449.5−0.068%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,450.2−0.021%$2.5M$6.5M10xas long as short
Hyperliquid ZEClong+0.0100%1h1,450.5long leg$755.3M$433.1M10x
Aster ZECUSDT+0.0100%8h1,448.3−0.151%$14.4M$28.9M75xas long as short
Pacifica ZEC+0.0100%1h1,449.8−0.051%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,448.7−0.123%$665.1M$2.26B75xas long as short
Bybit ZECUSDT+0.0100%8h1,448.5−0.141%$266.3M$609.8M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,449.1−0.099%$178.6M$1.23B50xas long as short
Bulk ZEC-USD+0.0100%1h1,458.7+0.560%$886K$16K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,448.9−0.110%$211.8M$773.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,448.7−0.126%$101.8M$55.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,448.8−0.119%$160.7M$277.4M75xas long as short
BingX ZEC-USDT+0.0100%8h1,449.2−0.093%—$97.3M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,449.2−0.095%$2.3M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,454.9+0.302%$47.2M$32.0M—as long as short
edgeX ZECUSDC+0.0100%4h1,456.5+0.408%$567K$8.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,459.3+0.603%$3.0M$418K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,458.9+0.574%$420K$883K50xas long as short
StandX ZEC-USD+0.0100%1h1,450.6+0.001%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,449.4−0.078%$322K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,449.7−0.054%$134K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,447.1−0.238%$442K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,451.4+0.063%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,448.9−0.110%$231K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,447.9−0.181%$2.6M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,449.2−0.092%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,448.2−0.162%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,448.2−0.159%$48K$155K20xas long as short
01 Exchange ZECUSD+0.0112%1h1,450.2−0.021%$8K$7K5xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0118%1h1,448.8−0.117%$609K$1.3M25xas long as short
Lighter ZEC+0.0168%1h1,450.3−0.016%$18.9M$46.3M20xas long as short
Kraken Futures PF_ZECUSD+0.0197%1h1,449−0.109%$17.7M$44.3M25xas long as short
Arcus ZEC-USD+0.0277%1h1,452.6+0.143%$724K$8.5M10xas long as short
Lighter RH ZEC+0.0312%1h1,450.6+0.005%$2.0M$6.8M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,450.2−0.020%$824K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0456%1h1,450.4−0.008%$3.7M$9.1M50x
Aftermath Perps ZECUSD+0.0709%1h1,456.5+0.414%$43K$46K10xas long as short