Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.023%
Price spread now: edgeX against Phoenix−0.033%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 7 days−0.141%−$14 · spread now −0.033%, 7d avg −0.194%
=Together, before fees−0.434%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.161% dearer against Phoenix than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.194%. Mind the row above: over the last 7 days funding on this pair cost −0.293%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ZEC | 1,468.6 | 0.0075 | pay 0.0009% / 1h | 43m 19s | $4.6M | $1.6M | 10x |
| Short | edgeX ZECUSDC | 1,468.2 | 0.0100 | get 0.0050% / 4h | 1h 43m | $511K | $9.5M | 20x |
Phoenix ZEC
edgeX ZECUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $5.16
- Price spread: −0.033% → −0.194%
- $16.15
- Slippage, 4 orders
- −$9.24
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$3.93
- Costs to cover
- 0.252%
- Break-even
- 12.3 days
Slippage from Phoenix: live order book, 6 min ago; edgeX: live order book, 1 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, 6 min ago | 2.25 bp | 7.4 bp −$7 | 17.5 bp −$175 | 122.7 bp −$12.3K | doesn't fit |
| Sell edgeX live order book, 1 min ago | 0.61 bp | 5.2 bp −$5 | 9.4 bp −$94 | 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 | 1,462.9 | −0.388% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.1 | −0.104% | $17.8M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0174% | 1h | 1,466.9 | −0.118% | $398K | $521K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,467.1 | −0.104% | $29.1M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.2 | −0.027% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0047% | 8h | 1,466.8 | −0.123% | $271.7M | $673.4M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.6 | −0.070% | $46.6M | $34.0M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.2 | +0.036% | $414K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.9 | +0.017% | $891K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.2 | −0.095% | $83K | $404K | 10x | 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
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,467.8 | −0.056% | $597K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.1 | −0.040% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,467.7 | −0.061% | $543K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,467.4 | −0.082% | $294K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0048% | 8h | 1,467.3 | −0.095% | $176.2M | $1.36B | 50x | as long as short |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | −0.549% | $899K | $25K | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,468.3 | −0.023% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0057% | 8h | 1,467.7 | −0.067% | $49.9M | $184.3M | 75x | as long as short |
| Phoenix ZEClong | +0.0075% | 1h | 1,468.6 | long leg | $4.6M | $1.6M | 10x | |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,468 | −0.042% | $14K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,468.9 | +0.015% | $19.0M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.6 | −0.069% | $173K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468 | −0.045% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.8 | −0.054% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.8 | +0.011% | $761.1M | $490.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.6 | −0.068% | $15.4M | $33.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.9 | +0.016% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467.3 | −0.093% | $675.4M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.3 | −0.089% | $222.3M | $856.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.5 | −0.078% | $103.2M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.4 | −0.082% | $162.7M | $307.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,467.2 | −0.097% | — | $103.6M | — | as long as short |
| edgeX ZECUSDCshort | +0.0100% | 4h | 1,468.2 | −0.033% | $511K | $9.5M | 20x | |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.7 | −0.065% | $3.0M | $481K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,467.8 | −0.056% | $431K | $819K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,468.6 | −0.006% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.1 | −0.037% | $346K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.4 | −0.086% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.9 | −0.189% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469.4 | +0.054% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.8 | −0.123% | $222K | $4.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467.8 | −0.061% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.5 | −0.075% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.6 | −0.071% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.2 | −0.098% | $37K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,468.5 | −0.013% | $844K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0235% | 1h | 1,469.2 | +0.035% | $2.4M | $4.0M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,470.2 | +0.108% | $3.7M | $11.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0440% | 1h | 1,469.3 | +0.046% | $2.0M | $8.2M | 10x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,469.3 | +0.044% | $731K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0534% | 1h | 1,467.1 | −0.106% | $41K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
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
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Arcus ZEC-USD
Aftermath Perps ZECUSD