Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:46 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.059%
Price spread now: Phoenix against Perpl+0.081%7-day average +0.150% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PerplShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.509%+$51 on $10k
Price spread, last 3 days (all we have)−0.426%−$43 · spread now +0.081%, 7d avg +0.150%
Together, before fees+0.083%+ Points / potential airdropPerpl: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.069% cheaper against Perpl than usual: you would sell low and buy high (spread +0.081% now, against its 7-day average of +0.150%). If the spread goes back, that is −$7 on $10k: about 9.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.509% in total) that is about 23 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl ZEC1,469.80get 0.0000% / 43m26m 47s$83K$404K10x
ShortPhoenix ZEC1,4710.0024get 0.0003% / 1h30m 47s$4.6M$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Perpl. 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

Funding earned
$5.02
Price spread: +0.081% → +0.150%
−$6.9
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$22.68
Costs to cover
0.208%
Break-even
38.6 days
Slippage unknown: Perpl: no order-book sample; Phoenix: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Perpl no order-book sample—————
Sell Phoenix live order book, 3 min ago2.17 bp7.2 bp −$716.7 bp −$16757.8 bp −$5,776doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3089%1h1,472.3+0.174%$34K$275K12xas long as short
Ondo Perps ZEC-USD.P−0.0262%1h1,470.1+0.022%$399K$516K5xas long as short
Kraken Futures PF_ZECUSD−0.0225%1h1,470+0.013%$17.9M$44.3M25xas long as short
Bybit ZECUSDT−0.0111%8h1,468.8−0.065%$274.7M$654.7M75xas long as short
BloFin ZEC-USDT−0.0102%8h1,469.7−0.005%$29.6M$75.2M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470+0.016%$6K$2K10xas long as short
Variational Omni ZEC−0.0057%8h1,468.8−0.067%$46.8M$33.8M—as long as short
ApeX Omni ZECUSDT−0.0045%1h1,470.3+0.038%$431K$841K50xas long as short
dYdX ZEC-USD0.0000%1h1,471+0.085%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,471.7+0.131%$902K$5.6M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEClong0.0000%43m1,469.8long leg$83K$404K10x
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,470.3+0.033%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0012%8h1,470.1+0.022%$294K$1.4M20xas long as short
01 Exchange ZECUSD+0.0016%1h1,470.5+0.047%$8K$8K5xas long as short
Phoenix ZECshort+0.0024%1h1,471+0.081%$4.6M$1.6M10x
Deribit ZEC_USDC-PERPETUAL+0.0026%1h1,470.8+0.072%$613K$1.3M25xas long as short
OKX ZEC-USDT-SWAP+0.0037%8h1,469.4−0.026%$180.6M$1.34B50xas long as short
Gate ZEC_USDT+0.0045%8h1,469.7−0.005%$50.7M$186.4M75xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0054% / S −0.0010%1h1,470.3+0.034%$371K—100xas long as short
Lighter ZEC+0.0096%1h1,471.7+0.128%$19.1M$52.4M20xas long as short
Popdex ZECUSDT+0.0096%1h1,470.2+0.026%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,469.3−0.034%$13K$834K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,469.6−0.012%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470.3+0.038%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,470.8+0.069%$762.3M$474.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,469.5−0.022%$15.0M$32.7M75xas long as short
Pacifica ZEC+0.0100%1h1,470.3+0.037%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,470.1+0.020%$683.5M$2.46B75xas long as short
Arcus ZEC-USD+0.0100%1h1,471.9+0.147%$720K$8.3M10xas long as short
Bulk ZEC-USD+0.0100%1h1,473.1+0.224%$909K$26K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,469.80.000%$231.4M$837.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,469.8+0.003%$103.5M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,470+0.015%$162.8M$301.8M75xas long as short
BingX ZEC-USDT+0.0100%8h1,469.5−0.022%—$102.6M—as long as short
edgeX ZECUSDC+0.0100%4h1,470.1+0.022%$513K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,470.2+0.029%$3.0M$454K10xas long as short
StandX ZEC-USD+0.0100%1h1,470.8+0.071%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.8+0.001%$344K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,470.1+0.021%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,468.5−0.088%$448K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,472.4+0.177%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,470+0.015%$238K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469.7−0.007%$2.5M$23.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,470.3+0.033%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,470+0.015%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,470.1+0.019%$37K$366K20xas long as short
RISEx ZEC/USDC+0.0132%1h1,470.8+0.067%$825K$1.2M10xas long as short
Backpack ZEC_USDC_PERP+0.0417%1h1,470.5+0.049%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0432%1h1,472.3+0.168%$3.8M$10.6M50xas long as short
Lighter RH ZEC+0.0488%1h1,472.1+0.156%$2.0M$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0703%1h1,471.5+0.118%$46K$47K10xas long as short