Funding you earn now, next payment 09:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.026%
Price spread now: Ondo Perps against Phemex−0.392%7-day average −0.081% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.392%, 7d avg −0.081%
=Together, before fees+0.405%+ Points / potential airdropOndo Perps: Active · farm board+$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.311% cheaper against Phemex than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.081%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,519.3 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $4.1M | $4.9M | 50x |
| Short | Ondo Perps ZEC-USD.P | 1,513.3 | 0.0054 | get 0.0007% / 1h | 57m 32s | $413K | $554K | 5x |
Phemex ZECUSDT
Ondo Perps ZEC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$9.58
- Price spread: −0.392% → −0.081%
- −$31.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$57.67
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 1 min ago | 6.23 bp | 20.4 bp −$20 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3702% | 1h | 1,496.3 | −1.513% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | −0.262% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,515.6 | −0.241% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0164% | 8h | 1,515.6 | −0.239% | $31.5M | $77.1M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0114% | 1h | 1,513.8 | −0.358% | $48K | $59K | 10x | as long as short |
| Gate ZEC_USDT | −0.0090% | 8h | 1,516.2 | −0.202% | $60.0M | $182.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517.5 | −0.114% | $6K | $1K | 10x | as long as short |
| Bybit ZECUSDT | −0.0030% | 8h | 1,515.2 | −0.264% | $272.8M | $629.2M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.6 | −0.177% | $421K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,518.1 | −0.076% | $1.6M | $5.0M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Gate ZEC_USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,514.5 | −0.312% | $5.4M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,516.5 | −0.184% | $8K | $6K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,519.2 | −0.001% | $18.3M | $47.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.Pshort | +0.0054% | 1h | 1,513.3 | −0.392% | $413K | $554K | 5x | |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,518.3 | −0.062% | $306K | $862K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,514.3 | −0.328% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,517.7 | −0.100% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,516 | −0.215% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.6 | −0.177% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,515.5 | −0.247% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,516.6 | −0.175% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,516 | −0.214% | $793.2M | $448.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,515.6 | −0.238% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,516.9 | −0.154% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,516 | −0.217% | $716.4M | $2.34B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,515.5 | −0.246% | $183.4M | $1.38B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,517 | −0.148% | $597K | $8.9M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,515.6 | −0.243% | $334.6M | $813.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,516 | −0.213% | $103.7M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,515.1 | −0.271% | $163.6M | $294.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,515.6 | −0.240% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,513.8 | −0.360% | $50.0M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,515.1 | −0.272% | $580K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,515.9 | −0.220% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,515.1 | −0.275% | $417K | $949K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,517.7 | −0.103% | $54K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,515.7 | −0.234% | $376K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,519.1 | −0.013% | $170K | $193K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,514.5 | −0.315% | $452K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,519.9 | +0.041% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,519.1 | −0.009% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,516.1 | −0.207% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,519.3 | long leg | $4.1M | $4.9M | 50x | |
| Lighter ZEC | +0.0104% | 1h | 1,517.7 | −0.102% | $19.7M | $43.8M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,516.5 | −0.180% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,518.8 | −0.030% | $44K | $151K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0142% | 1h | 1,519.7 | +0.032% | $694K | $1.4M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0152% / S −0.0152% | 1h | 1,517.5 | −0.117% | $337K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,515.1 | −0.273% | $966K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,519.2 | −0.004% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0551% | 1h | 1,519.2 | −0.001% | $2.4M | $3.7M | 15x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP