Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h −0.010%
Price spread now: OKX against Phemex−0.092%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 3 days (all we have)−0.375%−$38 · spread now −0.092%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.055% cheaper against Phemex than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,464.8 | 0.0100 | pay 0.0100% / 8h | 1h 31m | $3.8M | $5.4M | 50x |
| Short | OKX ZEC-USDT-SWAP | 1,463.4 | 0.0048 | get 0.0048% / 8h | 1h 31m | $176.2M | $1.35B | 50x |
Phemex ZECUSDT
OKX ZEC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.94
- Price spread: −0.092% → −0.037%
- −$5.53
- Slippage, 4 orders
- −$23.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$61.88
- Costs to cover
- 0.454%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 5.27 bp | 17.7 bp −$18 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.03 bp | 5.1 bp −$5 | 8.0 bp −$80 | 15.3 bp −$1,530 | 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 | −0.3310% | 1h | 1,464 | −0.053% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,464.5 | −0.020% | $17.8M | $44.9M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0216% | 1h | 1,460.2 | −0.312% | $397K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0097% | 8h | 1,463.5 | −0.089% | $29.3M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,463.4 | −0.091% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0053% | 8h | 1,462.9 | −0.127% | $270.9M | $673.7M | 75x | as long as short |
| Variational Omni ZEC | −0.0025% | 8h | 1,460.9 | −0.262% | $46.5M | $34.0M | — | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L −0.0017% / S +0.0093% | 1h | 1,463.9 | −0.056% | $541K | — | 100x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,464.1 | −0.044% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463.9 | −0.058% | $884K | $5.7M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
GMX ZEC/USD [WBTC.b-USDC]
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,464.6 | −0.015% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464 | −0.052% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,463.9 | −0.062% | $292K | $1.5M | 20x | as long as short |
| ApeX Omni ZECUSDT | +0.0013% | 1h | 1,463 | −0.121% | $430K | $821K | 50x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.085% | $905K | $27K | 10x | as long as short |
| Gate ZEC_USDT | +0.0047% | 8h | 1,463.6 | −0.077% | $49.7M | $185.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAPshort | +0.0048% | 8h | 1,463.4 | −0.092% | $176.2M | $1.35B | 50x | |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,464.3 | −0.031% | $8K | $8K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0065% | 1h | 1,465.1 | +0.022% | $596K | $1.3M | 25x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,464 | −0.055% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,463.8 | −0.069% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,464.1 | −0.048% | $14K | $862K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.1 | −0.113% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.8 | −0.069% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,464.2 | −0.039% | $759.0M | $485.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463.2 | −0.104% | $15.6M | $33.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.8 | −0.068% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,463.3 | −0.101% | $674.3M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.6 | −0.082% | $222.8M | $862.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.3 | −0.104% | $103.6M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463.5 | −0.089% | $161.9M | $306.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,462.7 | −0.143% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,462.8 | −0.135% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,463.6 | −0.079% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,462.6 | −0.147% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.7 | −0.073% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.5 | −0.090% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.4 | −0.163% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,466 | +0.084% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,464.2 | −0.040% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462.8 | −0.137% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,464.8 | long leg | $3.8M | $5.4M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,463.6 | −0.078% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.5 | −0.018% | $37K | $367K | 20x | as long as short |
| Lighter ZEC | +0.0112% | 1h | 1,464.8 | +0.005% | $19.0M | $52.6M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0183% | 1h | 1,464.9 | +0.012% | $2.3M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,464.1 | −0.046% | $842K | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0384% | 1h | 1,465.5 | +0.048% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,465.6 | +0.054% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,465.2 | +0.033% | $738K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0548% | 1h | 1,464.5 | −0.016% | $40K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
ApeX Omni ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Lighter ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD