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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Phemex+0.039%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Long on PhemexShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.220%−$22 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.039%, 7d avg −0.054%
Together, before fees−0.362%−$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.093% dearer against Phemex than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ZECUSDT1,500.80.0100pay 0.0100% / 8h6h 19m$4.0M$4.8M50x
ShortHTX ZEC-USDT1,501.40.0100get 0.0100% / 8h6h 19m$2.6M$20.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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
$0
Price spread: +0.039% → −0.054%
$9.28
Slippage, 4 orders
−$32.32
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$47.04
Costs to cover
0.563%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago6.59 bp16.5 bp −$1625.5 bp −$255doesn't fitdoesn't fit
Sell HTX live order book, 3 min ago1.73 bp9.6 bp −$1015.9 bp −$15936.7 bp −$3,666doesn't fit

ZEC on 50 exchanges

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−0.3772%1h1,480−1.388%$36K$274K12xas long as short
BloFin ZEC-USDT−0.0186%8h1,501.3+0.029%$31.5M$75.0M75xas long as short
Aftermath Perps ZECUSD−0.0119%1h1,501.2+0.025%$46K$58K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,500.8−0.003%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0052%1h1,498.6−0.147%$408K$507K5xas long as short
01 Exchange ZECUSD0.0000%1h1,501.3+0.033%$8K$6K5xas long as short
Kalshi KXZECPERP0.0000%8h1,501.7+0.058%$1.5M$4.9M2.2xas long as short
Perpl ZEC0.0000%43m1,500.2−0.041%$62K$298K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,501+0.011%$5.3M—150xas long as short
Kraken Futures PF_ZECUSD+0.0009%1h1,501.1+0.021%$18.4M$47.0M25xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZEC-USD+0.0010%1h1,499.9−0.059%$413K$34K5xas long as short
Orderly PERP_ZEC_USDC+0.0075%8h1,500.1−0.047%$303K$857K20xas long as short
RISEx ZEC/USDC+0.0077%1h1,500.5−0.021%$922K$1.3M10xas long as short
Lighter ZEC+0.0096%1h1,502.2+0.092%$19.7M$41.2M20xas long as short
Lighter RH ZEC+0.0096%1h1,502.6+0.118%$2.1M$7.3M10xas long as short
Popdex ZECUSDT+0.0096%1h1,501.1+0.018%$173K$1.6M50xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,500.9+0.006%$62K$16K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,501.2+0.027%$19K$879K10xas long as short
Nado ZEC-PERP+0.0100%1h1,501.4+0.040%$3.1M$7.2M10xas long as short
Hyperliquid ZEC+0.0100%1h1,501.8+0.066%$787.4M$430.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,500.8−0.001%$14.1M$27.5M75xas long as short
Pacifica ZEC+0.0100%1h1,501.5+0.048%$1.7M$2.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,501.1+0.017%$707.5M$2.24B75xas long as short
Bybit ZECUSDT+0.0100%8h1,500.9+0.007%$275.6M$595.3M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,501.1+0.022%$184.8M$1.32B50xas long as short
Arcus ZEC-USD+0.0100%1h1,502.1+0.083%$597K$8.6M10xas long as short
Bulk ZEC-USD+0.0100%1h1,494.1−0.450%$775K$158K10xas long as short
Gate ZEC_USDT+0.0100%8h1,501.2+0.025%$61.8M$184.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,501.1+0.022%$175.2M$849.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,501+0.011%$105.0M$54.5M75xas long as short
Bitget ZECUSDT+0.0100%8h1,501.2+0.026%$163.8M$285.4M75xas long as short
BingX ZEC-USDC+0.0100%8h1,500−0.052%—$6.6M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,501.9+0.074%$2.2M$3.7M15xas long as short
Variational Omni ZEC+0.0100%8h1,501.2+0.029%$49.5M$34.9M—as long as short
edgeX ZECUSDC+0.0100%4h1,501.8+0.064%$549K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,501.7+0.062%$3.1M$566K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,501.8+0.065%$410K$958K50xas long as short
StandX ZEC-USD+0.0100%1h1,500.5−0.022%$112K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,501+0.013%$371K$1.6M10xas long as short
Bullet ZEC-USD+0.0100%1h1,501.1+0.019%$167K$187K20xas long as short
SunX ZEC-USDT+0.0100%8h1,503.3+0.163%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,500.7−0.007%$257K$3.6M10xas long as short
HTX ZEC-USDTshort+0.0100%8h1,501.4+0.039%$2.6M$20.6M75x
Phemex ZECUSDTlong+0.0100%8h1,500.8long leg$4.0M$4.8M50x
Extended ZEC-USD+0.0104%1h1,500.7−0.009%$2.7M$7.4M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,500.5−0.019%$37K$163K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0120%1h1,501.4+0.037%$687K$1.3M25xas long as short
Phoenix ZEC+0.0139%1h1,502.9+0.141%$4.8M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0180% / S −0.0163%1h1,501.1+0.018%$372K—100xas long as short
Coinbase International ZEC-PERP-INTX+0.0336%1h1,502+0.082%$3.9M$9.7M50xas long as short