ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0286%/8h= −31.4% APRnext payment −$0.36 per $10,000 · paid last 24h −0.039%

Price spread now: Ondo Perps against Phoenix−0.102%7-day average −0.155% · you buy dearer than you sell

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

Long on Phoenix Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.336%−$34 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.102%, 7d avg −0.155%

Together, before fees−0.103%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.053% dearer against Phoenix than usual: you sell high and buy low (spread −0.102% now, against its 7-day average of −0.155%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ZEC	1,473.2	0.0024	pay 0.0003% / 1h	3m 08s	$4.7M	$1.6M	10x
Short	Ondo Perps ZEC-USD.P	1,471.7	−0.0262	pay 0.0033% / 1h	3m 08s	$399K	$521K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$60.13
Price spread: −0.102% → −0.155%: $5.33
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$66.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 6 min ago; Ondo 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	1.49 bp	6.1 bp −$6	13.4 bp −$134	88.1 bp −$8,808	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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	−0.3089%	1h	1,475	+0.124%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.Pshort	−0.0262%	1h	1,471.7	−0.102%	$399K	$521K	5x
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,472.5	−0.046%	$17.9M	$44.0M	25x	as long as short
Bybit ZECUSDT	−0.0116%	8h	1,471.8	−0.097%	$275.0M	$650.9M	75x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,472.1	−0.076%	$29.6M	$74.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.8	+0.043%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0062%	8h	1,470.9	−0.156%	$47.7M	$34.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.7	+0.103%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.2	−0.069%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.8	−0.027%	$84K	$406K	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	1,473.7	+0.035%	$615K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.4	+0.012%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,474.9	+0.113%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,472.7	−0.033%	$295K	$1.4M	20x	as long as short
Phoenix ZEClong	+0.0024%	1h	1,473.2	long leg	$4.7M	$1.6M	10x
ApeX Omni ZECUSDT	+0.0035%	1h	1,472.6	−0.043%	$432K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,471.8	−0.092%	$181.9M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,472.3	−0.062%	$51.2M	$188.0M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,473.1	−0.004%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,473.8	+0.042%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474.2	+0.068%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,474.8	+0.109%	$19K	$851K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.6	+0.026%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,475	+0.122%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.4	+0.010%	$763.3M	$472.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.3	−0.062%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.3	+0.073%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.6	−0.109%	$683.3M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475.1	+0.126%	$694K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	−0.028%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.4	−0.054%	$228.4M	$847.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.5	+0.022%	$104.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.3	−0.060%	$163.7M	$300.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.5	−0.048%	—	$101.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.1	−0.072%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474	+0.051%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.8	+0.109%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.1	+0.061%	$335K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.7	−0.033%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.4	−0.124%	$459K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.7	+0.172%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.8	−0.031%	$241K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473	−0.016%	$2.5M	$22.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.1	−0.007%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.2	+0.003%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.3	+0.004%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,474.8	+0.108%	$838K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0398%	1h	1,472.9	−0.018%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,476.4	+0.218%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0448%	1h	1,474.5	+0.088%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0769%	1h	1,474.3	+0.076%	$46K	$46K	10x	as long as short