Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h −0.014%
Price spread now: StandX against Phoenix−0.115%57s7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as 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−$310.306% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now −0.115%, 7d avg −0.124%
=Together, before fees−0.367%+ Points / potential airdropStandX: Active · farm board−$37 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.124%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.309%, so the current rate has only just turned in your favour. The two prices were read 57 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 | 1,478.2 | 0.0070 | pay 0.0009% / 1h | 27m 49s | $4.7M | $1.5M | 10x |
| Short | StandX ZEC-USD | 1,476.5 | 0.0100 | get 0.0013% / 1h | 27m 49s | $71K | $4.7M | 30x |
Phoenix ZEC
StandX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- $6.26
- Price spread: −0.115% → −0.124%
- $0.86
- Slippage, 4 orders
- −$15.6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$23.48
- Costs to cover
- 0.306%
- Break-even
- 33.3 days
Slippage from Phoenix: live order book, 1 min ago; StandX: 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, 1 min ago | 1.90 bp | 6.8 bp −$7 | 14.4 bp −$144 | 105.3 bp −$10.5K | doesn't fit |
| Sell StandX live order book, 1 min ago | 4.24 bp | 8.6 bp −$9 | 14.1 bp −$141 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3678% | 1h | 1,477.1 | −0.074% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.1 | −0.281% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0006% | 1h | 1,473.7 | −0.306% | $400K | $518K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,477.3 | −0.061% | $18.1M | $43.5M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.7 | −0.239% | $415K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.9 | −0.088% | $976K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.3 | −0.198% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,476.9 | −0.088% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0028% | 8h | 1,477.1 | −0.074% | $295K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | −0.125% | $48.0M | $33.0M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,476.5 | −0.119% | $386K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,476.2 | −0.139% | $8K | $9K | 5x | as long as short |
| Phoenix ZEClong | +0.0070% | 1h | 1,478.2 | long leg | $4.7M | $1.5M | 10x | |
| OKX ZEC-USDT-SWAP | +0.0096% | 8h | 1,476.5 | −0.120% | $181.5M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476 | −0.153% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,475.7 | −0.168% | $17K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475.9 | −0.154% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,475.3 | −0.200% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,477.3 | −0.062% | $768.8M | $445.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,476.8 | −0.094% | $14.9M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.4 | −0.191% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,477.2 | −0.071% | $682.7M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,476.5 | −0.115% | $272.3M | $618.4M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.523% | $893K | $19K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,476.8 | −0.094% | $50.3M | $175.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,476.7 | −0.101% | $215.9M | $799.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,476.6 | −0.108% | $103.9M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,476.4 | −0.123% | $164.0M | $284.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,476.9 | −0.093% | — | $100.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.8 | −0.099% | $575K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473 | −0.353% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.9 | −0.093% | $429K | $907K | 50x | as long as short |
| StandX ZEC-USDshort | +0.0100% | 1h | 1,476.5 | −0.115% | $71K | $4.7M | 30x | |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,475.8 | −0.164% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,476.3 | −0.128% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,475.6 | −0.179% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.8 | −0.028% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,477.1 | −0.075% | $243K | $3.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475 | −0.218% | $2.5M | $19.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,476.2 | −0.137% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,476.6 | −0.112% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,477.1 | −0.073% | $48K | $162K | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,477 | −0.080% | $687K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0256% | 1h | 1,478 | −0.016% | $19.3M | $48.1M | 20x | as long as short |
| Lighter RH ZEC | +0.0304% | 1h | 1,477.9 | −0.024% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,476.7 | −0.106% | $868K | $1.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0409% | 1h | 1,478.1 | −0.011% | $615K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,476.2 | −0.139% | $3.6M | $9.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0506% | 1h | 1,477.7 | −0.032% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0722% | 1h | 1,475.1 | −0.209% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
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
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD