ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h +0.017%

Price spread now: Phoenix against Nado−0.194%57s7-day average +0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.237% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.158%+$16 on $10k

Price spread, last 7 days+0.319%+$32 · spread now −0.194%, 7d avg +0.097%

Together, before fees+0.477%+ Points / potential airdropNado: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.291% cheaper against Nado than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.097%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.158%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,468.6	0.0100	pay 0.0012% / 1h	13m 45s	$2.6M	$6.6M	10x
Short	Phoenix ZEC	1,465.8	0.0054	get 0.0007% / 1h	13m 45s	$4.6M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee PhoenixbpOrdersPrice spread, now −0.194%Rate

Funding earned: −$9.58
Price spread: −0.194% → +0.097%: −$29.06
Slippage, 4 orders: −$9.72
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$62.36
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Phoenix: live order book, 5 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	0.51 bp	5.2 bp −$5	12.5 bp −$125	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	1.64 bp	6.4 bp −$6	14.4 bp −$144	116.4 bp −$11.6K	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	1,465.9	−0.183%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,470.2	+0.108%	$17.8M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0118%	1h	1,463.3	−0.363%	$398K	$516K	5x	as long as short
BloFin ZEC-USDT	−0.0114%	8h	1,467.7	−0.065%	$29.7M	$72.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.1	−0.034%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0030%	8h	1,464.9	−0.251%	$47.5M	$33.8M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.9	−0.053%	$413K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,468.9	+0.020%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469	+0.024%	$959K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.7	+0.008%	$83K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,469.4	+0.051%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0019%	8h	1,469.6	+0.065%	$293K	$1.1M	20x	as long as short
Phoenix ZECshort	+0.0054%	1h	1,465.8	−0.194%	$4.6M	$1.6M	10x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,469.4	+0.056%	$378K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0060%	8h	1,466.9	−0.121%	$181.3M	$1.29B	50x	as long as short
Bybit ZECUSDT	+0.0090%	8h	1,466.5	−0.144%	$273.0M	$631.9M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468.4	−0.016%	$174K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468	−0.046%	$15K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.8	−0.122%	$60K	$39K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,468.6	long leg	$2.6M	$6.6M	10x
Hyperliquid ZEC	+0.0100%	1h	1,468.6	−0.002%	$762.5M	$453.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.9	−0.049%	$14.9M	$31.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.2	−0.099%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.7	−0.131%	$682.5M	$2.37B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,468.8	+0.013%	$699K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,465.9	−0.187%	$892K	$22K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,467.2	−0.099%	$50.1M	$181.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467	−0.109%	$227.9M	$829.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.3	−0.092%	$104.1M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.7	−0.130%	$163.1M	$291.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.2	−0.097%	—	$100.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,464.1	−0.310%	$570K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,465.9	−0.189%	$3.0M	$447K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,463.4	−0.359%	$426K	$874K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,465.3	−0.227%	$80K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.6	−0.002%	$339K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469	+0.025%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,467.9	−0.049%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470.7	+0.143%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.8	+0.078%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469	+0.025%	$2.5M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.8	+0.078%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.9	−0.117%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.6	+0.063%	$55K	$164K	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,469.2	+0.037%	$853K	$1.1M	10x	as long as short
Lighter ZEC	+0.0240%	1h	1,468.3	−0.023%	$19.1M	$50.5M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0415%	1h	1,470.5	+0.126%	$605K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,471.9	+0.220%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0516%	1h	1,470.5	+0.130%	$2.5M	$3.9M	15x	as long as short
Lighter RH ZEC	+0.0736%	1h	1,469.3	+0.044%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0765%	1h	1,468.2	−0.032%	$43K	$46K	10x	as long as short