Funding you earn now, next payment 23:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.134%
Price spread now: Phoenix against ApeX Omni+0.043%7-day average +0.271% · you sell dearer than you buy
Net, funding: paid 7d − costs+$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days+1.526%+$153 on $10k
+Price spread, last 7 days+0.199%+$20 · spread now +0.043%, 7d avg +0.271%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phoenix is 0.227% cheaper against ApeX Omni than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.271%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.526%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZECUSDT | 1,472.6 | 0.0035 | pay 0.0004% / 1h | 2m 22s | $432K | $845K | 50x |
| Short | Phoenix ZEC | 1,473.2 | 0.0024 | get 0.0003% / 1h | 2m 22s | $4.7M | $1.6M | 10x |
ApeX Omni ZECUSDT
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- −$2.23
- Price spread: +0.043% → +0.271%
- −$22.71
- Slippage, 4 orders
- −$14.83
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$56.76
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 12 min ago; Phoenix: live order book, 2 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 ApeX Omni live order book, 12 min ago | 2.92 bp | 7.9 bp −$8 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 2 min ago | 1.49 bp | 6.1 bp −$6 | 13.4 bp −$134 | 112.2 bp −$11.2K | 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 | −0.3089% | 1h | 1,475 | +0.167% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0262% | 1h | 1,470 | −0.174% | $399K | $520K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,472.5 | −0.003% | $17.9M | $44.0M | 25x | as long as short |
| Bybit ZECUSDT | −0.0117% | 8h | 1,469.8 | −0.186% | $274.6M | $649.8M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,472.1 | −0.033% | $29.6M | $74.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.1 | −0.097% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0062% | 8h | 1,470.9 | −0.113% | $47.7M | $34.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.1 | −0.029% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.2 | −0.026% | $959K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.4 | −0.149% | $84K | $406K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,473.7 | +0.079% | $615K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.9 | −0.110% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,470.8 | −0.122% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,470.4 | −0.145% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZECshort | +0.0024% | 1h | 1,473.2 | +0.043% | $4.7M | $1.6M | 10x | |
| ApeX Omni ZECUSDTlong | +0.0035% | 1h | 1,472.6 | long leg | $432K | $845K | 50x | |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,470.4 | −0.145% | $181.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0048% | 8h | 1,470.8 | −0.120% | $51.2M | $188.0M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.9 | −0.110% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,472.9 | +0.025% | $19.2M | $52.6M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.6 | −0.134% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.7 | −0.056% | $19K | $850K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471 | −0.105% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.2 | −0.092% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.9 | −0.045% | $762.5M | $472.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.6 | −0.135% | $14.9M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.8 | −0.054% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.5 | −0.139% | $682.8M | $2.45B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.5 | −0.002% | $697K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.015% | $896K | $38K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.5 | −0.139% | $228.0M | $847.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.7 | −0.129% | $104.4M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.8 | −0.120% | $163.5M | $300.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.6 | −0.136% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.1 | −0.029% | $513K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474 | +0.095% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.2 | +0.111% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.4 | −0.147% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.141% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.4 | −0.081% | $459K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.7 | +0.215% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.013% | $241K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473 | +0.027% | $2.5M | $22.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.1 | +0.037% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.3 | −0.089% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.6 | −0.136% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.5 | −0.071% | $838K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0398% | 1h | 1,472.9 | +0.025% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,476.4 | +0.261% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,473.6 | +0.071% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0772% | 1h | 1,472.9 | +0.026% | $46K | $46K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD