Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Bulk against Phemex−0.243%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 3 days (all we have)−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)−0.409%−$41 · spread now −0.243%, 7d avg −0.052%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.191% cheaper against Phemex than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,474.1 | 0.0100 | pay 0.0100% / 8h | 6h 28m | $3.9M | $5.4M | 50x |
| Short | Bulk ZEC-USD | 1,470.5 | 0.0100 | get 0.0013% / 1h | 28m 56s | $893K | $19K | 10x |
Phemex ZECUSDT
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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: −0.243% → −0.052%
- −$19.09
- Slippage, 4 orders
- −$21.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$59.66
- Costs to cover
- 0.406%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Bulk: live order book, 40 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 | 1.02 bp | 12.1 bp −$12 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 40 min ago | 0.03 bp | 3.5 bp −$4 | 3.6 bp −$36 | 5.1 bp −$515 | 8.5 bp −$4,244 |
ZEC on 50 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 | −0.3678% | 1h | 1,477.1 | +0.207% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,478.6 | +0.306% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0012% | 1h | 1,471.7 | −0.161% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474 | −0.007% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.8 | +0.252% | $416K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.9 | +0.192% | $977K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,476 | +0.130% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.1 | +0.005% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0028% | 8h | 1,474 | −0.004% | $294K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | +0.156% | $48.0M | $33.0M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,474.3 | +0.018% | $386K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,476.6 | +0.169% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,478.2 | +0.282% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0095% | 8h | 1,474.6 | +0.033% | $181.1M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476.3 | +0.151% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,476.2 | +0.147% | $16K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,477.2 | +0.211% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.6 | +0.172% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.8 | +0.050% | $767.5M | $444.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.3 | +0.014% | $14.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,477.3 | +0.216% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.5 | +0.032% | $681.1M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,474.2 | +0.009% | $271.9M | $620.3M | 75x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,470.5 | −0.243% | $893K | $19K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.5 | +0.031% | $50.2M | $175.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,475 | +0.060% | $216.2M | $799.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474 | −0.003% | $103.7M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.8 | +0.050% | $163.8M | $284.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,474.7 | +0.045% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.8 | +0.182% | $575K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473 | −0.073% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.9 | +0.189% | $429K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,478 | +0.269% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476 | +0.131% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | +0.025% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.6 | −0.098% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.3 | +0.288% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474 | −0.003% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475 | +0.063% | $2.5M | $19.0M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,474.1 | long leg | $3.9M | $5.4M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.8 | +0.053% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.1 | +0.002% | $48K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0136% | 1h | 1,474.8 | +0.048% | $614K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,478 | +0.265% | $679K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0256% | 1h | 1,475.2 | +0.079% | $19.2M | $48.1M | 20x | as long as short |
| Lighter RH ZEC | +0.0304% | 1h | 1,475.3 | +0.085% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,477.2 | +0.214% | $869K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,475.9 | +0.127% | $3.6M | $9.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0512% | 1h | 1,474 | −0.004% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0725% | 1h | 1,475 | +0.060% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD