Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against Nado+0.070%7-day average −0.002% · 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−$44as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 3 days (all we have)−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)+0.564%+$56 · spread now +0.070%, 7d avg −0.002%
=Together, before fees+0.523%+ Points / potential airdropNado: Active · farm board+$52 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 0.073% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZEC-PERP | 1,455.5 | 0.0100 | pay 0.0012% / 1h | 24m 21s | $2.5M | $7.1M | 10x |
| Short | Phemex ZECUSDT | 1,456.5 | 0.0100 | get 0.0100% / 8h | 2h 24m | $3.8M | $5.4M | 50x |
Nado ZEC-PERP
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Nado. 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: +0.070% → −0.002%
- $7.29
- Slippage, 4 orders
- −$31.88
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$43.59
- Costs to cover
- 0.509%
- Break-even
- 4478124057442070.0 days
Slippage from Nado: live order book, 5 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 Nado live order book, 5 min ago | 0.03 bp | 5.8 bp −$6 | 9.5 bp −$95 | 39.3 bp −$3,931 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 5.25 bp | 22.3 bp −$22 | 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 | −0.3476% | 1h | 1,433.1 | −1.533% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,455.1 | −0.024% | $28.6M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455.6 | +0.011% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,455.3 | −0.008% | $17.7M | $44.7M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.1 | −0.022% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,457.3 | +0.127% | $915K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,455.2 | −0.021% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,456.7 | +0.087% | $593K | $1.3M | 25x | as long as short |
| Variational Omni ZEC | +0.0005% | 8h | 1,459.3 | +0.262% | $45.7M | $33.1M | — | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.5 | +0.075% | $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 | +0.0011% | 8h | 1,455.5 | +0.005% | $267.8M | $677.7M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,455.9 | +0.027% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0024% / S +0.0072% | 1h | 1,456.2 | +0.051% | $565K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,456.1 | +0.043% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0059% | 8h | 1,455.8 | +0.024% | $173.2M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0079% | 8h | 1,455.9 | +0.033% | $49.3M | $190.1M | 75x | as long as short |
| Aster ZECUSDT | +0.0091% | 8h | 1,456.1 | +0.042% | $15.3M | $34.7M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,455.8 | +0.024% | $13K | $872K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,456.3 | +0.061% | $18.8M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,455.9 | +0.028% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,455.1 | −0.023% | $60K | $38K | 10x | as long as short |
| Nado ZEC-PERPlong | +0.0100% | 1h | 1,455.5 | long leg | $2.5M | $7.1M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,456.8 | +0.092% | $752.9M | $493.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.4 | −0.001% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,455.9 | +0.033% | $663.8M | $2.54B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.6 | +0.216% | $395K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.718% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.4 | +0.066% | $216.6M | $895.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.1 | +0.046% | $103.0M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456 | +0.039% | $161.1M | $313.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.1 | +0.042% | — | $102.9M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,455.8 | +0.020% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.3 | +0.130% | $490K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.6 | +0.286% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.8 | +0.226% | $455K | $800K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458.2 | +0.185% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456 | +0.037% | $347K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.8 | +0.027% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.8 | −0.048% | $442K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.087% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455.8 | +0.026% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457 | +0.106% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,456.5 | +0.070% | $3.8M | $5.4M | 50x | |
| Phoenix ZEC | +0.0103% | 1h | 1,460.3 | +0.336% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,456.3 | +0.057% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456 | +0.035% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,456.4 | +0.065% | $869K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,457.7 | +0.151% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0455% | 1h | 1,454.6 | −0.057% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,457.5 | +0.138% | $750K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0664% | 1h | 1,456.9 | +0.100% | $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
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC