Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%
Price spread now: Phemex against Extended+0.005%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.627%+$63 · spread now +0.005%, 7d avg +0.038%
=Together, before fees+0.540%+ Points / potential airdropExtended: Active · farm board+$54 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.033% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEC-USD | 1,448.2 | 0.0104 | pay 0.0013% / 1h | 50m 16s | $2.8M | $7.7M | 10x |
| Short | Phemex ZECUSDT | 1,448.3 | 0.0100 | get 0.0100% / 8h | 4h 50m | $3.8M | $5.1M | 50x |
Extended ZEC-USD
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$0.84
- Price spread: +0.005% → +0.038%
- −$3.32
- Slippage, 4 orders
- −$28.47
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$49.63
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Phemex: live order book, 4 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 Extended live order book, 4 min ago | 1.57 bp | 4.1 bp −$4 | 8.1 bp −$81 | 198.5 bp −$19.8K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.41 bp | 19.2 bp −$19 | 32.1 bp −$321 | 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 | −0.3166% | 1h | 1,449.6 | +0.094% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,448.7 | +0.031% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,447.1 | −0.080% | $29.2M | $70.3M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,448.2 | −0.005% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,446.4 | −0.124% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,448.6 | +0.028% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,448.9 | +0.046% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0058% | 8h | 1,448.3 | +0.007% | $290K | $958K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0064% / S −0.0014% | 1h | 1,448.8 | +0.042% | $407K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,448.1 | −0.010% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,448.3 | +0.002% | $172K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,447.8 | −0.030% | $10K | $874K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.2 | +0.071% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,447.7 | −0.036% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,449.4 | +0.081% | $753.9M | $434.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,448.4 | +0.013% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,448.7 | +0.032% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,448.2 | −0.002% | $664.2M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,447.5 | −0.047% | $261.4M | $602.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,448 | −0.013% | $177.0M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | +0.033% | $394K | $443K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,449.4 | +0.084% | $876K | $23K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,449 | +0.051% | $49.9M | $172.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,448 | −0.012% | $214.6M | $767.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,448.2 | −0.001% | $101.9M | $54.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,448.6 | +0.023% | $163.2M | $273.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,448.4 | +0.012% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,448.2 | −0.004% | $2.5M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,447.2 | −0.074% | $47.4M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,449.2 | +0.071% | $564K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.8 | +0.039% | $3.0M | $424K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,448.4 | +0.013% | $407K | $913K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,447.9 | −0.024% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,448 | −0.015% | $365K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,448.5 | +0.020% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,447.4 | −0.057% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,451.3 | +0.215% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,448.1 | −0.010% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,447.5 | −0.051% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,448.3 | +0.005% | $3.8M | $5.1M | 50x | |
| Extended ZEC-USDlong | +0.0104% | 1h | 1,448.2 | long leg | $2.8M | $7.7M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,448 | −0.019% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,450.6 | +0.165% | $4.6M | $1.3M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0279% | 1h | 1,447.9 | −0.025% | $17.9M | $44.8M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0324% | 1h | 1,449.2 | +0.066% | $608K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0368% | 1h | 1,449.6 | +0.095% | $19.0M | $45.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0384% | 1h | 1,449.8 | +0.108% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,448.5 | +0.019% | $829K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,450.3 | +0.141% | $3.7M | $8.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,450 | +0.124% | $730K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0680% | 1h | 1,449.7 | +0.102% | $44K | $49K | 10x | as long as short |
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
Aevo ZEC-PERP
Phoenix ZEC
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD