Funding you earn now, next payment 08:00 UTC+0.0249%/8h= +27.2% APRpaid last 24h +0.055%
Price spread now: Phoenix against BloFin−0.036%7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs+$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days+0.730%+$73 on $10k
+Price spread, last 4 days (all we have)−0.556%−$56 · spread now −0.036%, 7d avg +0.082%
=Funding pays, the price is against you. Phoenix is 0.118% cheaper against BloFin than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.082%). If the spread goes back, that is −$12 on $10k: about 38 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZEC-USDT | 1,510 | −0.0167 | get 0.0167% / 8h | 7h 22m | $31.8M | $76.6M | 75x |
| Short | Phoenix ZEC | 1,509.5 | 0.0082 | get 0.0010% / 1h | 22m 26s | $4.8M | $1.4M | 10x |
BloFin ZEC-USDT
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $52.22
- Price spread: −0.036% → +0.082%
- −$11.79
- Slippage, 4 orders
- −$6.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $14.68
- Costs to cover
- 0.257%
- Break-even
- 5.0 days
Slippage from BloFin: live order book, 7 min ago; Phoenix: live order book, 1 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 BloFin live order book, 7 min ago | 0.30 bp | 6.3 bp −$6 | 8.1 bp −$81 | 13.4 bp −$1,345 | doesn't fit |
| Sell Phoenix live order book, 1 min ago | 1.72 bp | 6.5 bp −$6 | 14.6 bp −$146 | 117.4 bp −$11.7K | 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 | 1,488.8 | −1.402% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,510 | −0.003% | $62K | $304K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0225% | 1h | 1,506.9 | −0.207% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDTlong | −0.0167% | 8h | 1,510 | long leg | $31.8M | $76.6M | 75x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,510.4 | +0.025% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,509.6 | −0.024% | $418K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,510.6 | +0.040% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,510.4 | +0.028% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,510.5 | +0.033% | $18.4M | $47.5M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,508.1 | −0.127% | $8K | $6K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZECshort | +0.0082% | 1h | 1,509.5 | −0.036% | $4.8M | $1.4M | 10x | |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,510 | −0.001% | $305K | $860K | 20x | as long as short |
| Gate ZEC_USDT | +0.0090% | 8h | 1,508.6 | −0.095% | $61.0M | $186.9M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,510.4 | +0.026% | $19.5M | $45.3M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,510.6 | +0.036% | $2.1M | $7.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,508 | −0.130% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,508.1 | −0.125% | $16K | $895K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,508.5 | −0.101% | $62K | $16K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,507.8 | −0.149% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,507.4 | −0.172% | $788.2M | $441.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,508 | −0.131% | $14.2M | $30.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,509.1 | −0.059% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,507.9 | −0.136% | $712.5M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,506.6 | −0.228% | $271.7M | $616.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,506.8 | −0.211% | $184.7M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,508.6 | −0.093% | $409K | $547K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,509.6 | −0.023% | $596K | $8.9M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.413% | $774K | $147K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,508.8 | −0.081% | $407.9M | $839.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,509.2 | −0.052% | $103.4M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,507.2 | −0.188% | $163.4M | $295.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,508.3 | −0.110% | — | $120.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.5 | −0.235% | $49.9M | $35.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,508.4 | −0.103% | $557K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,508.2 | −0.116% | $3.1M | $541K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.9 | −0.335% | $413K | $952K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,509.5 | −0.034% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,507.4 | −0.172% | $374K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,508.8 | −0.077% | $169K | $192K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502 | −0.529% | $449K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,512.3 | +0.150% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,510.4 | +0.026% | $255K | $3.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,509.7 | −0.017% | $2.7M | $21.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,510.5 | +0.036% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,508.6 | −0.093% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,510.3 | +0.023% | $45K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,508.5 | −0.099% | $953K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0162% / S −0.0167% | 1h | 1,510.1 | +0.007% | $335K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0184% | 1h | 1,511.4 | +0.091% | $692K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0209% | 1h | 1,510.9 | +0.056% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,510.1 | +0.009% | $3.8M | $10.0M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Gate ZEC_USDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX