Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Phemex against Bullet+0.124%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 3 days (all we have)−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.260%+$26 · spread now +0.124%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.088% dearer against Bullet than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet ZEC-USD | 1,512.3 | 0.0100 | pay 0.0013% / 1h | 16m 38s | $166K | $184K | 20x |
| Short | Phemex ZECUSDT | 1,514.1 | 0.0100 | get 0.0100% / 8h | 2h 16m | $4.0M | $4.9M | 50x |
Bullet ZEC-USD
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bullet. 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
- $0
- Price spread: +0.124% → +0.037%
- $8.76
- Slippage, 4 orders
- −$26.21
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$37.45
- Costs to cover
- 0.462%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 32 min ago; Phemex: 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 Bullet live order book, 32 min ago | 1.71 bp | 7.2 bp −$7 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.38 bp | 19.2 bp −$19 | 33.8 bp −$338 | 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 | −0.3243% | 1h | 1,488.7 | −1.561% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0149% | 8h | 1,515.1 | +0.188% | $30.5M | $74.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,516.2 | +0.261% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.2 | +0.258% | $421K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,510.7 | −0.105% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,511.4 | −0.054% | $86K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,514.7 | +0.163% | $5.4M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0066% | 8h | 1,514.8 | +0.165% | $306K | $900K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,519.8 | +0.501% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,507.5 | −0.317% | $4.8M | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,511.5 | −0.050% | $144K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,512.8 | +0.033% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,518.4 | +0.406% | $794.2M | $432.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,517.2 | +0.327% | $14.8M | $29.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,517.5 | +0.349% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,517.4 | +0.341% | $704.0M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,517.9 | +0.374% | $277.2M | $614.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,518.5 | +0.411% | $181.7M | $1.30B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,502.6 | −0.639% | $411K | $488K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,479.3 | −2.181% | $894K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,518.2 | +0.392% | $54.8M | $177.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,518.1 | +0.385% | $231.3M | $774.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,517.4 | +0.339% | $105.2M | $54.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,518.4 | +0.405% | $167.9M | $276.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,518.3 | +0.397% | — | $114.4M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,494.7 | −1.163% | $48.9M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,492.9 | −1.277% | $562K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.9 | −0.419% | $3.1M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,502.9 | −0.622% | $416K | $928K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,506.4 | −0.389% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,512.5 | +0.016% | $372K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,512.3 | long leg | $166K | $184K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,513.9 | +0.109% | $462K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,516.5 | +0.278% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,515 | +0.184% | $250K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,513.8 | +0.101% | $2.6M | $19.3M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,514.1 | +0.124% | $4.0M | $4.9M | 50x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.8 | +0.302% | $63K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,520 | +0.509% | $14K | $847K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0103% / S −0.0075% | 1h | 1,513.9 | +0.106% | $404K | — | 100x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,518.4 | +0.404% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,515.2 | +0.194% | $46K | $153K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0142% | 1h | 1,515.3 | +0.198% | $18.5M | $46.0M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,519.2 | +0.461% | $950K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0168% | 1h | 1,518.7 | +0.423% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,518.3 | +0.400% | $19.9M | $45.1M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0451% | 1h | 1,515.8 | +0.231% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,517 | +0.313% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,518.7 | +0.424% | $610K | $8.4M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0559% | 1h | 1,516.4 | +0.274% | $720K | $1.4M | 25x | as long as short |
| Aftermath Perps ZECUSD | +0.0626% | 1h | 1,494.4 | −1.183% | $51K | $60K | 10x | as long as short |
Popdex ZECUSDT
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
Extended ZEC-USD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Aftermath Perps ZECUSD