Funding you earn now, next payment 23:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.021%
Price spread now: KuCoin against Phoenix−0.027%63s7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days−0.599%−$60 on $10k
+Price spread, last 7 days−0.129%−$13 · spread now −0.027%, 7d avg −0.146%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.119% dearer against Phoenix than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.146%. Mind the row above: over the last 7 days funding on this pair cost −0.599%, so the current rate has only just turned in your favour. 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 | 1,471.4 | 0.0024 | pay 0.0003% / 1h | 58m 27s | $4.7M | $1.6M | 10x |
| Short | KuCoin ZECUSDTM | 1,471 | 0.0100 | get 0.0100% / 8h | 7h 58m | $104.5M | $56.3M | 75x |
Phoenix ZEC
KuCoin ZECUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $15.98
- Price spread: −0.027% → −0.146%
- $11.94
- Slippage, 4 orders
- −$14.16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$5.25
- Costs to cover
- 0.332%
- Break-even
- 9.3 days
Slippage from Phoenix: live order book, 5 min ago; KuCoin: live order book, 11 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 | 1.49 bp | 6.1 bp −$6 | 13.3 bp −$133 | 111.1 bp −$11.1K | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 0.92 bp | 10.9 bp −$11 | 14.4 bp −$144 | 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 | 1,472.6 | +0.080% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470 | −0.093% | $17.9M | $43.8M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,469.8 | −0.111% | $29.6M | $74.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.3 | −0.005% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0063% | 8h | 1,469.3 | −0.143% | $47.6M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.4 | −0.070% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.1 | −0.018% | $957K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,471 | −0.028% | $84K | $405K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0002% | 1h | 1,470 | −0.094% | $399K | $520K | 5x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.8 | +0.027% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Ondo Perps ZEC-USD.P
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,469.7 | −0.116% | $294K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,471.9 | +0.036% | $8K | $8K | 5x | as long as short |
| Phoenix ZEClong | +0.0024% | 1h | 1,471.4 | long leg | $4.7M | $1.6M | 10x | |
| ApeX Omni ZECUSDT | +0.0028% | 1h | 1,470.5 | −0.062% | $431K | $845K | 50x | as long as short |
| SoDEX ZEC-USD | +0.0028% | 1h | 1,469.7 | −0.113% | $242K | $4.4M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,470.8 | −0.042% | $181.8M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,471.3 | −0.005% | $51.1M | $177.4M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471.7 | +0.018% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,472.7 | +0.089% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.1 | −0.018% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472.3 | +0.061% | $12K | $844K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.2 | −0.013% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.4 | 0.000% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.5 | +0.075% | $763.4M | $473.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.2 | −0.016% | $15.0M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.6 | +0.016% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.5 | +0.008% | $683.6M | $2.45B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,470.6 | −0.054% | $274.7M | $648.3M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.6 | +0.085% | $701K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.043% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.5 | +0.007% | $229.2M | $818.6M | 150x | as long as short |
| KuCoin ZECUSDTMshort | +0.0100% | 8h | 1,471 | −0.027% | $104.5M | $56.3M | 75x | |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.3 | −0.009% | $163.7M | $300.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.6 | −0.053% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.1 | −0.090% | $549K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.6 | −0.052% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.041% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471 | −0.027% | $333K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.011% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.3 | −0.211% | $458K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.7 | +0.018% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.162% | $2.5M | $22.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.3 | −0.073% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.7 | +0.020% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.2 | −0.079% | $37K | $191K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0115% | 1h | 1,470.8 | −0.038% | $613K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,472.3 | +0.060% | $839K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0440% | 1h | 1,470.6 | −0.051% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472.9 | +0.099% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0552% | 1h | 1,473.3 | +0.128% | $2.0M | $7.9M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0776% | 1h | 1,472.9 | +0.105% | $46K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
ApeX Omni ZECUSDT
SoDEX ZEC-USD
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
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD