Funding you earn now, next payment 21:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h +0.025%
Price spread now: Phoenix against KuCoin+0.388%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs+$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days+0.601%+$60 on $10k
+Price spread, last 7 days−0.235%−$24 · spread now +0.388%, 7d avg +0.149%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.239% dearer against KuCoin than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.149%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZECUSDTM | 1,454.7 | 0.0100 | pay 0.0100% / 8h | 2h 23m | $102.9M | $57.1M | 75x |
| Short | Phoenix ZEC | 1,460.3 | 0.0103 | get 0.0013% / 1h | 23m 18s | $4.6M | $1.6M | 10x |
KuCoin ZECUSDTM
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $0.7
- Price spread: +0.388% → +0.149%
- $23.9
- Slippage, 4 orders
- −$16.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$10.77
- Costs to cover
- 0.354%
- Break-even
- 114.0 days
Slippage from KuCoin: live order book, 6 min ago; Phoenix: 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 KuCoin live order book, 6 min ago | 0.14 bp | 10.4 bp −$10 | 14.3 bp −$143 | 36.3 bp −$3,630 | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 2.06 bp | 7.1 bp −$7 | 16.5 bp −$165 | 58.2 bp −$5,817 | 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 | 1,433.1 | −1.482% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,454.8 | +0.008% | $28.6M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455.8 | +0.074% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,454.6 | −0.005% | $17.7M | $44.7M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.1 | +0.025% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.4 | +0.045% | $933K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454.4 | −0.019% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,455.4 | +0.046% | $592K | $1.3M | 25x | as long as short |
| Variational Omni ZEC | +0.0005% | 8h | 1,459.3 | +0.314% | $45.7M | $33.1M | — | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.1 | +0.026% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Variational Omni ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0009% | 8h | 1,454.1 | −0.043% | $267.5M | $677.0M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,454.7 | −0.002% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0023% / S +0.0072% | 1h | 1,454.6 | −0.005% | $565K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,454.8 | +0.007% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0059% | 8h | 1,454.8 | +0.010% | $173.0M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0077% | 8h | 1,454.3 | −0.025% | $49.3M | $190.2M | 75x | as long as short |
| Aster ZECUSDT | +0.0092% | 8h | 1,454.5 | −0.012% | $15.3M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.6 | −0.005% | $13K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,456.4 | +0.119% | $18.8M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.6 | −0.005% | $172K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454.8 | +0.005% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456 | +0.092% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.2 | +0.037% | $752.1M | $493.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.1 | +0.024% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.9 | +0.016% | $663.4M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.6 | +0.268% | $395K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.666% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.4 | −0.021% | $215.4M | $896.2M | 150x | as long as short |
| KuCoin ZECUSDTMlong | +0.0100% | 8h | 1,454.7 | long leg | $102.9M | $57.1M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.7 | −0.001% | $161.0M | $313.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,453.6 | −0.076% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.2 | +0.106% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.3 | +0.182% | $490K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.6 | +0.338% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.8 | +0.278% | $455K | $800K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.6 | +0.133% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.3 | −0.027% | $346K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.3 | −0.028% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,453.5 | −0.079% | $442K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.8 | +0.144% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.9 | +0.013% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455.2 | +0.034% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,455.2 | +0.032% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZECshort | +0.0103% | 1h | 1,460.3 | +0.388% | $4.6M | $1.6M | 10x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.1 | +0.028% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.5 | −0.011% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,455.3 | +0.040% | $868K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,456.5 | +0.126% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0448% | 1h | 1,454.9 | +0.014% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,456.8 | +0.142% | $750K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0648% | 1h | 1,457.1 | +0.165% | $1.9M | $8.5M | 10x | as long as short |
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
Bitget ZECUSDT
BingX ZEC-USDC
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
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC