ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0417%/8h= +45.7% APRnext payment +$0.52 per $10,000 · paid last 24h +0.133%

Price spread now: Aftermath Perps against Phoenix−0.028%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.028% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ZEC	1,455.2	0.0045	pay 0.0006% / 1h	58m 15s	$4.6M	$1.5M	10x
Short	Aftermath Perps ZECUSD	1,454.8	0.0462	get 0.0058% / 1h	58m 15s	$39K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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

Position, each leg$Hold fordaysFee PhoenixbpFee Aftermath PerpsbpOrdersPrice spread, now −0.028%Rate

Funding earned: $87.63
Price spread: −0.028% → 0.000%: −$2.8
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $68.83
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: Phoenix: live order book, 6 min ago; Aftermath 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 Phoenix live order book, 6 min ago	1.51 bp	6.2 bp −$6	13.0 bp −$130	87.4 bp −$8,737	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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	−0.3476%	1h	1,455	−0.009%	$34K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.4	−0.191%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,450.9	−0.290%	$17.6M	$44.7M	25x	as long as short
BloFin ZEC-USDT	−0.0058%	8h	1,452.6	−0.174%	$29.2M	$76.3M	75x	as long as short
Variational Omni ZEC	−0.0041%	8h	1,455.2	+0.006%	$46.3M	$31.5M	—	as long as short
Ondo Perps ZEC-USD.P	−0.0041%	1h	1,454.2	−0.066%	$395K	$523K	5x	as long as short
Bybit ZECUSDT	−0.0023%	8h	1,450.7	−0.308%	$268.6M	$677.8M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,453	−0.150%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,451.8	−0.231%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.8	−0.301%	$82K	$400K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,451.6	−0.242%	$568K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0005%	8h	1,451.2	−0.276%	$291K	$1.5M	20x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,451.2	−0.270%	$5.1M	—	150x	as long as short
Polymarket Perps ZEC-USD	+0.0017%	1h	1,450.6	−0.313%	$298K	$2.1M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0032%	8h	1,451.2	−0.274%	$172.5M	$1.37B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0042% / S +0.0061%	1h	1,451.2	−0.269%	$535K	—	100x	as long as short
Phoenix ZEClong	+0.0045%	1h	1,455.2	long leg	$4.6M	$1.5M	10x
Aster ZECUSDT	+0.0047%	8h	1,451.1	−0.282%	$15.0M	$35.0M	75x	as long as short
Gate ZEC_USDT	+0.0052%	8h	1,450.9	−0.292%	$49.2M	$183.9M	75x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,451.1	−0.280%	$8K	$8K	5x	as long as short
MEXC ZEC_USDT	+0.0091%	8h	1,451.1	−0.282%	$213.2M	$876.1M	150x	as long as short
Binance ZECUSDT	+0.0093%	8h	1,451.6	−0.247%	$660.6M	$2.56B	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,451.3	−0.268%	$17K	$886K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,450.6	−0.311%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.5	−0.252%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.8	−0.229%	$3.0M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,451.6	−0.245%	$753.1M	$506.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.9	−0.226%	$1.6M	$3.1M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454.9	−0.019%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,450.5	−0.317%	$103.7M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.1	−0.280%	$162.9M	$317.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,451.4	−0.257%	—	$108.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.9	−0.154%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,454.7	−0.032%	$488K	$9.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,454.8	−0.023%	$3.0M	$512K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,454.2	−0.065%	$712K	$608K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,453	−0.152%	$109K	$4.8M	30x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451.1	−0.280%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,450	−0.353%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.7	−0.032%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.3	−0.267%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450.5	−0.319%	$2.4M	$25.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.8	−0.233%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.6	−0.247%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,452.6	−0.178%	$18.8M	$53.5M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,451.4	−0.258%	$861K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,453.2	−0.135%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSDshort	+0.0462%	1h	1,454.8	−0.028%	$39K	$32K	10x
Lighter RH ZEC	+0.0464%	1h	1,453.4	−0.123%	$2.0M	$8.3M	10x	as long as short
Extended ZEC-USD	+0.0480%	1h	1,451.1	−0.278%	$3.3M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,454	−0.077%	$752K	$7.8M	10x	as long as short