Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against Phemex−0.005%7-day average −0.034% · 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−$38as in the Price arb table
costs, in and out, $10k−$410.405% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 3 days (all we have)−0.310%−$31 · spread now −0.005%, 7d avg −0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.029% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,474.4 | 0.0100 | pay 0.0100% / 8h | 4m 16s | $3.9M | $5.4M | 50x |
| Short | Binance ZECUSDT | 1,474.3 | 0.0100 | get 0.0100% / 8h | 4m 16s | $684.6M | $2.45B | 75x |
Phemex ZECUSDT
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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: −0.005% → −0.034%
- $2.9
- Slippage, 4 orders
- −$18.53
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.63
- Costs to cover
- 0.405%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Binance: live order book, 10 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 Phemex live order book, 5 min ago | 3.49 bp | 13.0 bp −$13 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.03 bp | 5.0 bp −$5 | 5.9 bp −$59 | 14.7 bp −$1,470 | 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 | −0.3089% | 1h | 1,473.7 | −0.042% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0264% | 1h | 1,471.7 | −0.180% | $399K | $521K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0224% | 1h | 1,474.4 | +0.003% | $17.9M | $44.0M | 25x | as long as short |
| Bybit ZECUSDT | −0.0116% | 8h | 1,473.6 | −0.052% | $275.3M | $650.9M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0107% | 8h | 1,472.4 | −0.135% | $29.6M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.6 | −0.050% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0062% | 8h | 1,470.9 | −0.234% | $47.7M | $34.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.5 | −0.058% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.7 | +0.022% | $959K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,473.5 | −0.056% | $84K | $406K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,474.7 | +0.024% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,474.1 | −0.019% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,474.1 | −0.020% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.2 | −0.078% | $4.7M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0035% | 1h | 1,472.7 | −0.112% | $432K | $845K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,474.1 | −0.017% | $182.1M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,474.4 | +0.003% | $51.3M | $187.9M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474.6 | +0.017% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.9 | +0.104% | $19.2M | $52.6M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.8 | −0.035% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,474.4 | +0.001% | $19K | $851K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,474 | −0.024% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.8 | +0.028% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.5 | +0.081% | $764.4M | $472.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.2 | −0.011% | $15.0M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.5 | +0.009% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,474.3 | −0.005% | $684.6M | $2.45B | 75x | |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475.1 | +0.048% | $697K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.106% | $896K | $38K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.2 | −0.007% | $228.4M | $846.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.4 | +0.006% | $104.7M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.6 | +0.014% | $164.0M | $301.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,474 | −0.022% | — | $101.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.1 | −0.150% | $513K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.4 | +0.004% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.108% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474 | −0.024% | $335K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.2 | −0.008% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.6 | −0.118% | $459K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.5 | +0.145% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.1 | −0.017% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473 | −0.092% | $2.5M | $22.6M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,474.4 | long leg | $3.9M | $5.4M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.6 | +0.017% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.5 | +0.013% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0111% | 1h | 1,475.2 | +0.059% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,474.8 | +0.030% | $838K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0393% | 1h | 1,475.1 | +0.054% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,476.5 | +0.143% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,476.6 | +0.150% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0769% | 1h | 1,474.2 | −0.008% | $46K | $47K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
ApeX Omni ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD