Funding you earn now, next payment 21:00 UTC+0.0341%/8h= +37.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.007%
Price spread now: Arcus against Phoenix+0.145%49s7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.295% of the position
Funding, last 3 days (all we have)−0.136%−$14 on $10k
+Price spread, last 7 days−0.230%−$23 · spread now +0.145%, 7d avg −0.096%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Arcus is 0.241% dearer against Phoenix than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.096%. Mind the row above: over the last 3 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour. The two prices were read 49 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 | 1,464.5 | 0.0103 | pay 0.0013% / 1h | 53m 48s | $4.6M | $1.6M | 10x |
| Short | Arcus ZEC-USD | 1,466.6 | 0.0444 | get 0.0056% / 1h | 53m 48s | $731K | $8.1M | 10x |
Phoenix ZEC
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. 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
- $71.62
- Price spread: +0.145% → −0.096%
- $24.1
- Slippage, 4 orders
- −$17.97
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $66.24
- Costs to cover
- 0.295%
- Break-even
- 0.5 days
Slippage from Phoenix: live order book, 5 min ago; Arcus: live order book, 5 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 Phoenix live order book, 5 min ago | 1.84 bp | 6.7 bp −$7 | 15.4 bp −$154 | 104.0 bp −$10.4K | doesn't fit |
| Sell Arcus live order book, 5 min ago | 0.00 bp | 7.1 bp −$7 | 13.4 bp −$134 | 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 | −0.3310% | 1h | 1,465.3 | +0.059% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,461.8 | −0.181% | $17.8M | $44.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0120% | 1h | 1,466 | +0.105% | $398K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,467.8 | +0.227% | $29.0M | $76.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.4 | +0.135% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0046% | 8h | 1,459.9 | −0.313% | $270.0M | $681.5M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.5 | +0.210% | $46.8M | $34.4M | — | as long as short |
| Deribit ZEC_USDC-PERPETUAL | −0.0002% | 1h | 1,462.9 | −0.106% | $595K | $1.3M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.8 | +0.158% | $413K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,465.5 | +0.072% | $940K | $5.6M | 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
Deribit ZEC_USDC-PERPETUAL
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 | 1,463.4 | −0.072% | $83K | $401K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.3 | −0.082% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,462.9 | −0.108% | $560K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,462.4 | −0.141% | $293K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,460.3 | −0.287% | $175.2M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,465.7 | +0.081% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0056% | 8h | 1,461.6 | −0.193% | $49.9M | $183.3M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.7 | +0.083% | $14K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,463.5 | −0.067% | $18.9M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.9 | +0.029% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.3 | +0.055% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.8 | +0.020% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462.8 | −0.113% | $759.3M | $487.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.9 | −0.178% | $15.3M | $33.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466 | +0.104% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.7 | −0.259% | $668.7M | $2.54B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.251% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.7 | −0.186% | $221.0M | $849.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.8 | −0.180% | $103.2M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.6 | −0.264% | $161.6M | $310.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,460.8 | −0.253% | — | $6.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.9 | −0.038% | $510K | $9.4M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.1 | +0.252% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,468.2 | +0.256% | $431K | $817K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,468.7 | +0.290% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.5 | +0.003% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.7 | −0.122% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,461.2 | −0.220% | $446K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.7 | +0.018% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,462 | −0.167% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463 | −0.100% | $2.4M | $24.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.142% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEClong | +0.0103% | 1h | 1,464.5 | long leg | $4.6M | $1.6M | 10x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.2 | −0.151% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,462.5 | −0.132% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,466.3 | +0.123% | $845K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0324% | 1h | 1,462.4 | −0.143% | $2.3M | $4.0M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,467.7 | +0.224% | $3.7M | $11.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0440% | 1h | 1,463.8 | −0.047% | $2.0M | $8.2M | 10x | as long as short |
| Arcus ZEC-USDshort | +0.0444% | 1h | 1,466.6 | +0.145% | $731K | $8.1M | 10x | |
| Aftermath Perps ZECUSD | +0.0517% | 1h | 1,465.1 | +0.044% | $41K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD