Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.003%
Price spread now: RISEx against Phemex−0.196%7-day average +0.003% · 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−$62as in the Price arb table
costs, in and out, $10k−$420.417% of the position
Funding, last 3 days (all we have)+0.226%+$23 on $10k
+Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.196%, 7d avg +0.003%
=Funding pays, the price is against you. RISEx is 0.199% cheaper against Phemex than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of +0.003%). If the spread goes back, that is −$20 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.226% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,472.5 | 0.0100 | pay 0.0100% / 8h | 26m 48s | $3.9M | $5.3M | 50x |
| Short | RISEx ZEC/USDC | 1,469.6 | 0.0132 | get 0.0017% / 1h | 26m 48s | $824K | $1.2M | 10x |
Phemex ZECUSDT
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $6.74
- Price spread: −0.196% → +0.003%
- −$19.88
- Slippage, 4 orders
- −$23.68
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$54.82
- Costs to cover
- 0.417%
- Break-even
- 63.9 days
Slippage from Phemex: live order book, 2 min ago; RISEx: 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 | 2.75 bp | 15.0 bp −$15 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 2 min ago | 1.33 bp | 4.3 bp −$4 | 8.7 bp −$87 | doesn't fit | 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 | −0.3089% | 1h | 1,471.6 | −0.064% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0260% | 1h | 1,468.3 | −0.287% | $399K | $515K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,471.5 | −0.071% | $17.9M | $44.3M | 25x | as long as short |
| Bybit ZECUSDT | −0.0114% | 8h | 1,472.2 | −0.026% | $275.3M | $653.3M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,472.2 | −0.023% | $29.8M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469 | −0.239% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0057% | 8h | 1,468.8 | −0.254% | $46.8M | $33.8M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0006% | 1h | 1,470.3 | −0.154% | $431K | $842K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.8 | −0.188% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,470.1 | −0.162% | $903K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
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 | 1,468.6 | −0.265% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.5 | −0.068% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0012% | 8h | 1,471.3 | −0.082% | $295K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,469.8 | −0.187% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.8 | −0.118% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,472.8 | +0.021% | $181.1M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,472.9 | +0.026% | $50.9M | $186.6M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471 | −0.105% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.5 | +0.068% | $19.2M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.7 | −0.192% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,468.8 | −0.255% | $13K | $836K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.6 | −0.266% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.4 | −0.210% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.9 | +0.093% | $764.2M | $474.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.8 | +0.015% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.1 | −0.232% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.2 | +0.046% | $685.3M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470.6 | −0.132% | $704K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.188% | $894K | $39K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.1 | +0.038% | $231.7M | $838.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.1 | +0.038% | $103.7M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473 | +0.031% | $163.2M | $301.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.7 | +0.009% | — | $102.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.6 | −0.132% | $513K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.2 | −0.161% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.7 | −0.127% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.2 | −0.158% | $344K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.135% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.7 | −0.190% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.8 | +0.017% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.089% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471 | −0.104% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,472.5 | long leg | $3.9M | $5.3M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.3 | +0.056% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.2 | −0.093% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDCshort | +0.0132% | 1h | 1,469.6 | −0.196% | $824K | $1.2M | 10x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0273% | 1h | 1,472.4 | −0.008% | $614K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0413% | 1h | 1,473.6 | +0.071% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,473.5 | +0.067% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0464% | 1h | 1,473.8 | +0.088% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0714% | 1h | 1,472.1 | −0.030% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD