Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: BingX against Phemex−0.059%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)−0.718%−$72 · spread now −0.059%, 7d avg −0.091%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.031% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,465.5 | 0.0100 | pay 0.0100% / 8h | 3h 10m | $3.9M | $4.9M | 50x |
| Short | BingX ZEC-USDC | 1,464.7 | 0.0100 | get 0.0100% / 8h | 3h 10m | — | $6.7M | — |
Phemex ZECUSDT
BingX ZEC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.059% → −0.091%
- $3.13
- Slippage, 4 orders
- −$23.12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$41.99
- Costs to cover
- 0.451%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; BingX: live order book, 12 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, 3 min ago | 1.95 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 0.34 bp | 7.4 bp −$7 | 14.6 bp −$146 | 40.8 bp −$4,083 | 84.1 bp −$42.1K |
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 | −0.3042% | 1h | 1,463 | −0.171% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.3 | +0.051% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,466.1 | +0.040% | $29.7M | $71.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,463.5 | −0.137% | $407K | $37K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,463.1 | −0.166% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.5 | −0.143% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,465.3 | −0.020% | $293K | $908K | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0071% | 1h | 1,460.4 | −0.351% | $397K | $435K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0088% / S −0.0039% | 1h | 1,465.5 | −0.002% | $437K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,463.9 | −0.111% | $174K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.P
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,464.3 | −0.087% | $14K | $801K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.7 | −0.125% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.9 | −0.046% | $2.9M | $6.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,464.2 | −0.093% | $14.6M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.7 | −0.125% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,463.9 | −0.110% | $674.0M | $2.17B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,463.1 | −0.166% | $262.2M | $587.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,463.3 | −0.154% | $179.2M | $1.21B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.6 | −0.336% | $882K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,463.8 | −0.117% | $52.2M | $173.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.5 | −0.138% | $219.8M | $775.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,464.2 | −0.091% | $103.1M | $53.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463.9 | −0.115% | $166.1M | $267.5M | 75x | as long as short |
| BingX ZEC-USDCshort | +0.0100% | 8h | 1,464.7 | −0.059% | — | $6.7M | — | |
| Variational Omni ZEC | +0.0100% | 8h | 1,464.4 | −0.077% | $48.0M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.5 | −0.273% | $569K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,463.2 | −0.162% | $3.0M | $464K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,461.4 | −0.284% | $404K | $945K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.7 | +0.008% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.6 | −0.132% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.1 | −0.167% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.1 | −0.095% | $447K | $504K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.6 | +0.137% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465.5 | −0.003% | $235K | $3.1M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,464.6 | −0.065% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,465.5 | long leg | $3.9M | $4.9M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,464 | −0.104% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.2 | −0.026% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,462.7 | −0.194% | $4.7M | $1.3M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,464.6 | −0.066% | $8K | $7K | 5x | as long as short |
| Lighter RH ZEC | +0.0128% | 1h | 1,464.7 | −0.060% | $2.1M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0146% | 1h | 1,464.9 | −0.044% | $763.3M | $424.9M | 10x | as long as short |
| Lighter ZEC | +0.0168% | 1h | 1,465.1 | −0.030% | $19.4M | $45.4M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0178% | 1h | 1,466.2 | +0.043% | $617K | $1.3M | 25x | as long as short |
| Kalshi KXZECPERP | +0.0179% | 8h | 1,466.2 | +0.044% | $1.5M | $4.4M | 2.2x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,464.2 | −0.089% | $926K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0297% | 1h | 1,466.4 | +0.061% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0331% | 1h | 1,465.4 | −0.013% | $18.1M | $45.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,465.3 | −0.017% | $676K | $8.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,468.4 | +0.192% | $3.8M | $9.2M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0684% | 1h | 1,462.7 | −0.194% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
01 Exchange ZECUSD
Lighter RH ZEC
Hyperliquid ZEC
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Kalshi KXZECPERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD