Funding you earn now, next payment 01:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h +0.028%
Price spread now: Phemex against gTrade (Gains Network)+0.037%7-day average +0.020% · 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−$299as in the Price arb table
costs, in and out, $10k−$3013.006% of the position
Funding, last 3 days (all we have)+0.045%+$4 on $10k
+Price spread, last 3 days (all we have)+0.094%+$9 · spread now +0.037%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.045% in total (about 5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ZEC/USD | 1,472.9 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 57m 00s | $5.2M | — | 150x |
| Short | Phemex ZECUSDT | 1,473.4 | −0.0202 | pay 0.0202% / 8h | 7h 57m | $3.8M | $5.4M | 50x |
gTrade (Gains Network) ZEC/USD
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- −$43.87
- Price spread: +0.037% → +0.020%
- $1.76
- Slippage, 4 orders
- −$278.56
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$342.67
- Costs to cover
- 3.006%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.02 bp | 135.0 bp −$135 | 425.9 bp −$4,259 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 0.58 bp | 15.9 bp −$16 | doesn't fit | 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 | −0.3321% | 1h | 1,473.2 | +0.024% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,473.2 | +0.021% | $17.9M | $43.6M | 25x | as long as short |
| Phemex ZECUSDTshort | −0.0202% | 8h | 1,473.4 | +0.037% | $3.8M | $5.4M | 50x | |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,473.3 | +0.030% | $29.7M | $74.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.4 | −0.028% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0063% | 8h | 1,469.3 | −0.242% | $47.6M | $34.4M | — | as long as short |
| Ondo Perps ZEC-USD.P | −0.0025% | 1h | 1,468.7 | −0.282% | $399K | $515K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.6 | −0.083% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.9 | +0.004% | $957K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.5 | −0.026% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USDlong | L +0.0007% / S −0.0006% | 1h | 1,472.9 | long leg | $5.2M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,472.2 | −0.043% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.8 | −0.142% | $4.7M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,473.3 | +0.027% | $8K | $8K | 5x | as long as short |
| ApeX Omni ZECUSDT | +0.0028% | 1h | 1,470.5 | −0.161% | $431K | $845K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,473.6 | +0.050% | $182.1M | $1.34B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.9 | +0.004% | $372K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.5 | −0.022% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,473.1 | +0.016% | $12K | $851K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.3 | −0.041% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.2 | +0.024% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.1 | +0.153% | $764.8M | $473.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.8 | +0.066% | $15.0M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.7 | −0.013% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.9 | +0.072% | $684.7M | $2.45B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,473.4 | +0.037% | $275.1M | $648.3M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.6 | +0.048% | $698K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.143% | $895K | $33K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,473.5 | +0.044% | $51.3M | $177.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.6 | +0.050% | $230.0M | $819.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.6 | −0.020% | $104.8M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.8 | +0.065% | $164.0M | $300.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,472.5 | −0.021% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470 | −0.190% | $549K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.6 | −0.151% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.6 | −0.085% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472 | −0.058% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.020% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.8 | −0.140% | $458K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.2 | +0.094% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.012% | $243K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.4 | −0.102% | $2.5M | $22.5M | 75x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.2 | +0.091% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472 | −0.054% | $28K | $201K | 20x | as long as short |
| Lighter ZEC | +0.0112% | 1h | 1,474.5 | +0.112% | $19.2M | $50.2M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0193% | 1h | 1,473.7 | +0.055% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,473 | +0.012% | $840K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,474.9 | +0.141% | $3.8M | $10.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0579% | 1h | 1,474.3 | +0.101% | $2.5M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0616% | 1h | 1,475.3 | +0.167% | $2.0M | $7.9M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0780% | 1h | 1,473.1 | +0.017% | $46K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
ApeX Omni ZECUSDT
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD