Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Gate against Phemex+0.011%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$520.524% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−1.438%−$144 · spread now +0.011%, 7d avg −0.033%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.044% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,462.8 | 0.0100 | pay 0.0100% / 8h | 5h 16m | $3.8M | $5.1M | 50x |
| Short | Gate ZEC_USDT | 1,462.9 | 0.0100 | get 0.0100% / 8h | 5h 16m | $49.9M | $174.7M | 75x |
Phemex ZECUSDT
Gate ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.011% → −0.033%
- $4.41
- Slippage, 4 orders
- −$25.37
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$47.97
- Costs to cover
- 0.524%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Gate: live order book, 3 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 | 1.58 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 0.34 bp | 10.5 bp −$11 | 14.4 bp −$144 | 30.7 bp −$3,073 | 56.4 bp −$28.2K |
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 | −0.3244% | 1h | 1,459.8 | −0.204% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0083% | 8h | 1,461 | −0.118% | $29.3M | $70.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.8 | −0.001% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,461.3 | −0.098% | $412K | $43K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464.2 | +0.099% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,462.6 | −0.014% | $84K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463 | +0.015% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0050% | 8h | 1,462.8 | +0.002% | $293K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,462.9 | +0.013% | $411K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,461.9 | −0.057% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,463.2 | +0.027% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,463.4 | +0.043% | $16K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.1 | +0.022% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.8 | 0.000% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,464.3 | +0.105% | $765.9M | $430.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463.1 | +0.026% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463 | +0.014% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,463 | +0.017% | $670.1M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.028% | $265.6M | $605.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,462.7 | −0.005% | $179.0M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,457.8 | −0.339% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.455% | $882K | $21K | 10x | as long as short |
| Gate ZEC_USDTshort | +0.0100% | 8h | 1,462.9 | +0.011% | $49.9M | $174.7M | 75x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.1 | +0.024% | $215.8M | $778.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.2 | +0.027% | $102.5M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463.1 | +0.024% | $162.8M | $273.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,462.1 | −0.049% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,463.7 | +0.064% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,462.2 | −0.036% | $47.8M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,458.7 | −0.277% | $568K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,460.3 | −0.167% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.4 | −0.227% | $410K | $913K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,461.2 | −0.107% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.2 | +0.030% | $333K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.2 | +0.030% | $161K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,461.6 | −0.078% | $446K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,465.8 | +0.209% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.3 | +0.036% | $234K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462 | −0.054% | $2.6M | $18.3M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,462.8 | long leg | $3.8M | $5.1M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.4 | −0.023% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,462.6 | −0.008% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0152% | 1h | 1,464 | +0.082% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,463.3 | +0.035% | $18.1M | $44.5M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,464.6 | +0.123% | $19.2M | $46.7M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,463.5 | +0.050% | $705K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0376% | 1h | 1,464.9 | +0.147% | $2.1M | $6.9M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0401% | 1h | 1,463.7 | +0.064% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,463.4 | +0.044% | $837K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,464.7 | +0.132% | $3.7M | $9.2M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0695% | 1h | 1,460.5 | −0.151% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD