Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.008%
Price spread now: Phemex against Gate+0.045%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$580.579% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 3 days (all we have)+0.645%+$65 · spread now +0.045%, 7d avg +0.033%
=The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZEC_USDT | 1,453.7 | 0.0063 | pay 0.0063% / 8h | 2h 47m | $49.1M | $185.6M | 75x |
| Short | Phemex ZECUSDT | 1,454.3 | 0.0100 | get 0.0100% / 8h | 2h 47m | $3.7M | $5.4M | 50x |
Gate ZEC_USDT
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $7.77
- Price spread: +0.045% → +0.033%
- $1.15
- Slippage, 4 orders
- −$30.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$48.96
- Costs to cover
- 0.579%
- Break-even
- 51.1 days
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 6 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 Gate live order book, 2 min ago | 0.03 bp | 12.3 bp −$12 | 18.1 bp −$181 | 29.4 bp −$2,940 | 54.3 bp −$27.2K |
| Sell Phemex live order book, 6 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 | 1,437.8 | −1.091% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.8 | +0.075% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,455 | +0.092% | $17.7M | $44.5M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,452.8 | −0.057% | $28.9M | $75.5M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | −0.135% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDT | −0.0007% | 8h | 1,452.4 | −0.086% | $269.1M | $677.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.9 | +0.081% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.7 | +0.141% | $849K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.7 | +0.003% | $83K | $401K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.9 | +0.084% | $5.2M | — | 150x | 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
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,454.9 | +0.082% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0066% | 1h | 1,454.5 | +0.056% | $544K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,453.1 | −0.042% | $172.2M | $1.36B | 50x | as long as short |
| Aster ZECUSDT | +0.0062% | 8h | 1,454 | +0.022% | $15.3M | $35.1M | 75x | as long as short |
| Gate ZEC_USDTlong | +0.0063% | 8h | 1,453.7 | long leg | $49.1M | $185.6M | 75x | |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,454.3 | +0.041% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0075% | 1h | 1,452.8 | −0.060% | $394K | $518K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0089% | 1h | 1,456 | +0.158% | $567K | $1.3M | 25x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.1 | +0.026% | $17K | $879K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,454.9 | +0.087% | $18.8M | $53.9M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.7 | +0.003% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.3 | −0.024% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.6 | −0.007% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.8 | +0.008% | $751.8M | $494.2M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.1 | +0.027% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.8 | +0.009% | $659.2M | $2.54B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | +0.089% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453 | −0.050% | $218.8M | $882.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.8 | +0.010% | $103.4M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.8 | −0.060% | $161.9M | $315.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.4 | −0.017% | — | $107.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,455.9 | +0.150% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | −0.015% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454.1 | +0.029% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | −0.071% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.3 | +0.041% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.2 | −0.032% | $298K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.072% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,453.6 | −0.007% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457 | +0.231% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455 | +0.091% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.3 | −0.025% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,454.3 | +0.045% | $3.7M | $5.4M | 50x | |
| Phoenix ZEC | +0.0103% | 1h | 1,453.6 | −0.002% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.2 | +0.105% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.3 | +0.040% | $863K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0248% | 1h | 1,453.3 | −0.026% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,456.3 | +0.180% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0459% | 1h | 1,453.7 | +0.005% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,455.8 | +0.148% | $751K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0736% | 1h | 1,455.8 | +0.149% | $1.9M | $8.4M | 10x | as long as short |
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Aster ZECUSDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Deribit ZEC_USDC-PERPETUAL
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
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
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC