Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.018%
Price spread now: Phemex against Aster−0.145%7-day average +0.049% · 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−$66as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 5 days (all we have)+0.172%+$17 on $10k
+Price spread, last 3 days (all we have)+1.546%+$155 · spread now −0.145%, 7d avg +0.049%
=Together, before fees+1.718%+ Points / potential airdropAster: Stage 5 · farm board+$172 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.194% cheaper against Aster than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of +0.049%). If the spread goes back, that is −$19 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.172% in total) that is about 5.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZECUSDT | 1,455 | 0.0055 | pay 0.0055% / 8h | 2h 50m | $15.3M | $35.2M | 75x |
| Short | Phemex ZECUSDT | 1,452.9 | 0.0100 | get 0.0100% / 8h | 2h 50m | $3.7M | $5.5M | 50x |
Aster ZECUSDT
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. 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
- $9.39
- Price spread: −0.145% → +0.049%
- −$19.41
- Slippage, 4 orders
- −$26.19
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$56.21
- Costs to cover
- 0.462%
- Break-even
- 48.9 days
Slippage from Aster: live order book, 3 min ago; Phemex: 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 Aster live order book, 3 min ago | 1.38 bp | 5.8 bp −$6 | 10.1 bp −$101 | 27.4 bp −$2,736 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.24 bp | 14.5 bp −$15 | 34.8 bp −$348 | doesn't fit | 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 | −0.3476% | 1h | 1,437.6 | −1.195% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.5 | −0.172% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,452.6 | −0.167% | $17.6M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,453.2 | −0.123% | $28.9M | $75.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | −0.226% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDT | −0.0009% | 8h | 1,454.7 | −0.024% | $269.7M | $677.2M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.8 | −0.011% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.3 | −0.187% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.8 | −0.220% | $82K | $400K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,453.6 | −0.095% | $566K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.7 | −0.157% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0008% | 8h | 1,452.7 | −0.158% | $291K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,454.8 | −0.017% | $172.4M | $1.37B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0039% / S +0.0065% | 1h | 1,452.5 | −0.175% | $543K | — | 100x | as long as short |
| Aster ZECUSDTlong | +0.0055% | 8h | 1,455 | long leg | $15.3M | $35.2M | 75x | |
| Gate ZEC_USDT | +0.0067% | 8h | 1,455 | −0.003% | $49.2M | $185.4M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,455 | −0.003% | $8K | $8K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.8 | −0.012% | $17K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.7 | −0.022% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,455 | −0.002% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455.1 | +0.004% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.8 | +0.055% | $752.6M | $493.0M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.2 | +0.011% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.9 | −0.009% | $659.9M | $2.55B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.8 | −0.357% | $394K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | −0.003% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,455.2 | +0.011% | $218.8M | $880.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.6 | +0.043% | $103.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,455 | +0.002% | $162.2M | $316.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,455.3 | +0.019% | — | $107.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453.9 | −0.079% | $2.3M | $4.2M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | −0.110% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | −0.143% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,454.1 | −0.064% | $707K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.163% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452 | −0.206% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.186% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.6 | −0.236% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.045% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.163% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.1 | −0.196% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,452.9 | −0.145% | $3.7M | $5.5M | 50x | |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.189% | $4.6M | $1.6M | 10x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,456.5 | +0.101% | $18.8M | $53.9M | 20x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.7 | −0.156% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,455.7 | +0.046% | $864K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0312% | 1h | 1,455.1 | +0.008% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.3 | −0.049% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0464% | 1h | 1,453.2 | −0.124% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,457.1 | +0.143% | $756K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0680% | 1h | 1,457.3 | +0.158% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phoenix ZEC
Lighter ZEC
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC