Funding you earn now, next payment 21:20 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.042%
Price spread now: Phemex against Perpl−0.131%7-day average +0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 3 days (all we have)+0.786%+$79 · spread now −0.131%, 7d avg +0.090%
=Together, before fees+0.808%+ Points / potential airdropPerpl: Active · farm board+$81 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phemex is 0.220% cheaper against Perpl than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of +0.090%). If the spread goes back, that is −$22 on $10k: about 7.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.022% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,448 | 0 | get 0.0000% / 43m | 20m 31s | $82K | $401K | 10x |
| Short | Phemex ZECUSDT | 1,446.1 | 0.0100 | get 0.0100% / 8h | 2h 33m | $3.7M | $5.3M | 50x |
Perpl ZEC
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Perpl. 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
- $21
- Price spread: −0.131% → +0.090%
- −$22
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$26.8
- Costs to cover
- 0.258%
- Break-even
- 15.9 days
Slippage unknown: Perpl: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 Perpl no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 1.28 bp | 10.8 bp −$11 | 28.6 bp −$286 | doesn't fit | doesn't fit |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1,438.5 | −0.655% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,445.3 | −0.185% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,446.3 | −0.117% | $17.6M | $44.3M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,450 | +0.140% | $28.8M | $74.7M | 75x | as long as short |
| Variational Omni ZEC | −0.0009% | 8h | 1,449.1 | +0.076% | $45.6M | $32.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,445.1 | −0.198% | $407K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,448.6 | +0.039% | $905K | $5.6M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,448 | long leg | $82K | $401K | 10x | |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,446.7 | −0.088% | $589K | $1.3M | 25x | as long as short |
| Bybit ZECUSDT | +0.0005% | 8h | 1,445 | −0.205% | $266.5M | $676.1M | 75x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
Bybit ZECUSDTShow 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 | 1,447.8 | −0.015% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,446.5 | −0.106% | $290K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0030% / S +0.0070% | 1h | 1,447.6 | −0.031% | $542K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0054% | 8h | 1,445.6 | −0.165% | $171.1M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0071% | 8h | 1,445.4 | −0.177% | $49.4M | $187.8M | 75x | as long as short |
| Aster ZECUSDT | +0.0076% | 8h | 1,445.5 | −0.170% | $15.2M | $34.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,445.6 | −0.169% | $7K | $8K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,445 | −0.211% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,446.5 | −0.106% | $18.7M | $54.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,445.4 | −0.177% | $173K | $2.0M | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0098% | 1h | 1,448.2 | +0.014% | $394K | $518K | 5x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,446 | −0.139% | $59K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,445.9 | −0.145% | $2.4M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,445 | −0.207% | $747.3M | $492.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,445.5 | −0.175% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,445.5 | −0.176% | $657.8M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,452.5 | +0.311% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,445.2 | −0.191% | $214.5M | $890.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,445.2 | −0.197% | $102.6M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,445.4 | −0.177% | $160.2M | $313.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,444.8 | −0.221% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,445.9 | −0.142% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,449.9 | +0.129% | $488K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.7 | +0.047% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.4 | +0.235% | $706K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.2 | +0.153% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,447.6 | −0.028% | $297K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,447.5 | −0.035% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,445.1 | −0.203% | $439K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,447.9 | −0.006% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,446.7 | −0.093% | $220K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,446.2 | −0.127% | $2.4M | $24.8M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,446.1 | −0.131% | $3.7M | $5.3M | 50x | |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | +0.299% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,445.6 | −0.167% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,446.3 | −0.116% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,446.3 | −0.121% | $863K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,448.6 | +0.041% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0444% | 1h | 1,451.1 | +0.216% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,447.5 | −0.031% | $768K | $7.9M | 10x | as long as short |
| Lighter RH ZEC | +0.0696% | 1h | 1,446.9 | −0.074% | $1.9M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Aster ZECUSDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Ondo Perps ZEC-USD.P
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-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
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