Funding you earn now, next payment 01:00 UTC+0.0401%/8h= +44.0% APRpaid last 24h 0.000%
Price spread now: StandX against Phemex+0.011%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 3 days (all we have)−0.613%−$61 · spread now +0.011%, 7d avg −0.024%
=Together, before fees−0.441%+ Points / potential airdropStandX: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and StandX is 0.035% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,471.4 | −0.0301 | get 0.0301% / 8h | 7h 57m | $3.8M | $5.4M | 50x |
| Short | StandX ZEC-USD | 1,471.6 | 0.0100 | get 0.0013% / 1h | 57m 21s | $110K | $4.8M | 30x |
Phemex ZECUSDT
StandX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- $84.31
- Price spread: +0.011% → −0.024%
- $3.46
- Slippage, 4 orders
- −$28.72
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- $39.06
- Costs to cover
- 0.487%
- Break-even
- 3.8 days
Slippage from Phemex: live order book, 1 min ago; StandX: 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, 1 min ago | 0.58 bp | 14.6 bp −$15 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell StandX live order book, 2 min ago | 4.32 bp | 8.6 bp −$9 | 11.6 bp −$116 | 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 | −0.3321% | 1h | 1,473.2 | +0.120% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,471.3 | −0.009% | $17.9M | $43.8M | 25x | as long as short |
| Phemex ZECUSDTlong | −0.0301% | 8h | 1,471.4 | long leg | $3.8M | $5.4M | 50x | |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,469.8 | −0.114% | $29.6M | $74.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.4 | +0.068% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0063% | 8h | 1,469.3 | −0.146% | $47.6M | $34.4M | — | as long as short |
| Ondo Perps ZEC-USD.P | −0.0025% | 1h | 1,468.7 | −0.186% | $399K | $515K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.6 | +0.013% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.2 | −0.018% | $957K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.5 | +0.070% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,472.9 | +0.096% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,472.2 | +0.053% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.8 | −0.046% | $4.7M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,473.3 | +0.123% | $8K | $8K | 5x | as long as short |
| ApeX Omni ZECUSDT | +0.0028% | 1h | 1,470.5 | −0.065% | $431K | $845K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,472.1 | +0.046% | $181.9M | $1.34B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.9 | +0.100% | $372K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.5 | +0.073% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,473.1 | +0.112% | $12K | $851K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.3 | +0.055% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.2 | +0.120% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.8 | +0.160% | $764.1M | $473.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.3 | +0.056% | $15.0M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.7 | +0.083% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.7 | +0.082% | $684.1M | $2.45B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.1 | +0.043% | $274.9M | $648.7M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.6 | +0.143% | $698K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.047% | $895K | $33K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,472.8 | +0.090% | $51.3M | $177.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.6 | +0.077% | $229.0M | $818.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.1 | +0.046% | $104.7M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.6 | +0.079% | $163.9M | $300.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.3 | +0.055% | — | $101.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470 | −0.095% | $549K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.6 | −0.056% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USDshort | +0.0100% | 1h | 1,471.6 | +0.011% | $110K | $4.8M | 30x | |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472 | +0.038% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.6 | +0.075% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.8 | −0.045% | $458K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.8 | +0.157% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.1 | −0.027% | $242K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.7 | −0.048% | $2.5M | $22.5M | 75x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.5 | +0.070% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472 | +0.041% | $28K | $201K | 20x | as long as short |
| Lighter ZEC | +0.0112% | 1h | 1,473.8 | +0.163% | $19.2M | $50.2M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0220% | 1h | 1,472.3 | +0.061% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,473 | +0.108% | $840K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,473.7 | +0.155% | $3.8M | $10.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0496% | 1h | 1,472.1 | +0.046% | $2.5M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0624% | 1h | 1,474.2 | +0.188% | $2.0M | $7.9M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0780% | 1h | 1,473.1 | +0.113% | $46K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
ApeX Omni ZECUSDT
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD