ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%

Price spread now: Phoenix against Pacifica−0.016%107s7-day average +0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs+$51as in the Funding arb table

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

costs, in and out, $10k−$240.243% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.757%+$76 on $10k

Price spread, last 7 days+0.195%+$20 · spread now −0.016%, 7d avg +0.147%

Together, before fees+0.952%+ Points / potential airdropPacifica: Active · farm board+$95 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: Phoenix is 0.164% cheaper against Pacifica than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.147%. The two prices were read 107 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	Pacifica ZEC	1,457.7	0.0100	pay 0.0013% / 1h	15m 39s	$1.6M	$3.0M	10x
Short	Phoenix ZEC	1,457.5	0.0103	get 0.0013% / 1h	15m 39s	$4.6M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Pacifica. 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 PacificabpFee PhoenixbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.7
Price spread: −0.016% → +0.147%: −$16.37
Slippage, 4 orders: −$9.29
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$39.96
Costs to cover: 0.243%
Break-even: 403.8 days

Slippage from Pacifica: live order book, 3 min ago; Phoenix: live order book, 8 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 Pacifica live order book, 3 min ago	0.14 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 8 min ago	1.51 bp	6.1 bp −$6	13.4 bp −$134	47.9 bp −$4,794	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	−1.687%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0086%	8h	1,455.9	−0.128%	$28.7M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.1	−0.044%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,456.7	−0.074%	$17.7M	$44.6M	25x	as long as short
Bybit ZECUSDT	−0.0004%	8h	1,456.3	−0.097%	$268.8M	$677.4M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.2	−0.037%	$410K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.1	−0.042%	$933K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.8	−0.067%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,457.5	−0.015%	$593K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.6	−0.008%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEC	+0.0008%	8h	1,455.6	−0.147%	$45.8M	$33.2M	—	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,456.9	−0.060%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0020% / S +0.0072%	1h	1,457.2	−0.035%	$557K	—	100x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,457.8	+0.003%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0058%	8h	1,457.2	−0.035%	$173.9M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0072%	8h	1,457.1	−0.045%	$49.3M	$190.7M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0075%	1h	1,452.8	−0.338%	$395K	$519K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,457.3	−0.032%	$15K	$871K	10x	as long as short
Aster ZECUSDT	+0.0095%	8h	1,457.1	−0.045%	$15.3M	$34.3M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,458.6	+0.060%	$18.8M	$54.7M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,457.2	−0.039%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457.3	−0.031%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.7	−0.004%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,457.8	+0.008%	$753.9M	$495.1M	10x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,457.7	long leg	$1.6M	$3.0M	10x
Binance ZECUSDT	+0.0100%	8h	1,457.3	−0.032%	$664.8M	$2.53B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.3	−0.032%	$217.4M	$898.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.1	−0.040%	$103.1M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.2	−0.036%	$161.3M	$312.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.4	−0.095%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.4	−0.020%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.2	−0.174%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.7	−0.069%	$3.0M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	−0.051%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.3	−0.097%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.2	−0.036%	$344K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.9	−0.054%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.7	−0.142%	$443K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.1	+0.091%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456.8	−0.063%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.2	−0.038%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457	−0.051%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	−0.188%	$896K	$26K	10x	as long as short
Phoenix ZECshort	+0.0103%	1h	1,457.5	−0.016%	$4.6M	$1.6M	10x
Extended ZEC-USD	+0.0104%	1h	1,457.7	−0.004%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.1	−0.044%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,457.9	+0.014%	$863K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,459.3	+0.108%	$3.8M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0460%	1h	1,457	−0.050%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,458.8	+0.075%	$750K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0616%	1h	1,459.2	+0.102%	$1.9M	$8.5M	10x	as long as short