Funding you earn now, next payment 23:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.14 per $10,000 · paid last 24h −0.018%
Price spread now: RISEx against Phoenix−0.261%50s7-day average −0.112% · you buy dearer than you sell
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−$210.206% of the position
Funding, last 3 days (all we have)+0.010%+$1 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.261%, 7d avg −0.112%
=Funding pays, the price is against you. RISEx is 0.148% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.261% now, against its 7-day average of −0.112%). If the spread goes back, that is −$15 on $10k: about 4.6 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.010% in total) that is about 53 days. The two prices were read 50 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 | 1,475.6 | 0.0024 | pay 0.0003% / 1h | 50m 00s | $4.7M | $1.6M | 10x |
| Short | RISEx ZEC/USDC | 1,471.8 | 0.0132 | get 0.0017% / 1h | 50m 00s | $834K | $1.2M | 10x |
Phoenix ZEC
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $22.72
- Price spread: −0.261% → −0.112%
- −$14.82
- Slippage, 4 orders
- −$7.63
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$12.73
- Costs to cover
- 0.206%
- Break-even
- 10.9 days
Slippage from Phoenix: live order book, 4 min ago; RISEx: live order book, 4 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, 4 min ago | 1.56 bp | 6.2 bp −$6 | 12.7 bp −$127 | 88.5 bp −$8,848 | doesn't fit |
| Sell RISEx live order book, 4 min ago | 1.12 bp | 4.1 bp −$4 | 8.5 bp −$85 | 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 | −0.3089% | 1h | 1,473.9 | −0.114% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0302% | 1h | 1,471.3 | −0.292% | $399K | $516K | 5x | as long as short |
| ApeX Omni ZECUSDT | −0.0243% | 1h | 1,474.7 | −0.064% | $432K | $828K | 50x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,471.5 | −0.281% | $17.9M | $44.5M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0111% | 8h | 1,472.4 | −0.217% | $29.4M | $75.5M | 75x | as long as short |
| Bybit ZECUSDT | −0.0089% | 8h | 1,471 | −0.313% | $273.4M | $660.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.5 | −0.209% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | −0.258% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.5 | −0.210% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.1 | −0.173% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
ApeX Omni ZECUSDT
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
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 | 1,471.1 | −0.305% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.7 | −0.266% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,471.8 | −0.257% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEClong | +0.0024% | 1h | 1,475.6 | long leg | $4.7M | $1.6M | 10x | |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,471.5 | −0.279% | $180.5M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,471.9 | −0.251% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0043% | 8h | 1,471.6 | −0.269% | $50.6M | $184.2M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0011% | 1h | 1,471.6 | −0.269% | $366K | — | 100x | as long as short |
| SoDEX ZEC-USD | +0.0086% | 1h | 1,471.4 | −0.285% | $226K | $4.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.2 | −0.302% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.9 | −0.253% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472 | −0.246% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.8 | −0.193% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.2 | −0.163% | $764.5M | $473.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.9 | −0.254% | $15.5M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.5 | −0.209% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.8 | −0.260% | $681.0M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.188% | $716K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.244% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.8 | −0.255% | $220.9M | $830.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.5 | −0.281% | $104.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.8 | −0.256% | $162.6M | $302.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,471.5 | −0.277% | — | $102.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | −0.089% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,475.5 | −0.006% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.2 | −0.161% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.4 | −0.285% | $347K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.297% | $127K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.2 | −0.367% | $448K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.4 | −0.147% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.2 | −0.365% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.241% | $3.9M | $5.3M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,473.2 | −0.166% | $19.1M | $52.1M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.3 | −0.227% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.5 | −0.276% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0105% | 1h | 1,472.6 | −0.202% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDCshort | +0.0132% | 1h | 1,471.8 | −0.261% | $834K | $1.2M | 10x | |
| Backpack ZEC_USDC_PERP | +0.0423% | 1h | 1,472.5 | −0.210% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,473.7 | −0.129% | $3.8M | $11.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0496% | 1h | 1,473.7 | −0.131% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0641% | 1h | 1,473.3 | −0.153% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
SoDEX ZEC-USD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD