Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.017%
Price spread now: SunX against Phoenix+0.176%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 3 days (all we have)+0.084%+$8 · spread now +0.176%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.168% dearer against Phoenix than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.289%, 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 | 1,465.8 | 0.0054 | pay 0.0007% / 1h | 14m 35s | $4.6M | $1.6M | 10x |
| Short | SunX ZEC-USDT | 1,468.4 | 0.0100 | get 0.0100% / 8h | 7h 14m | $3K | $1.2M | 20x |
Phoenix ZEC
SunX ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $9.58
- Price spread: +0.176% → +0.008%
- $16.77
- Slippage, 4 orders
- −$115.6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$104.26
- Costs to cover
- 1.306%
- Break-even
- 83.2 days
Slippage from Phoenix: live order book, 4 min ago; SunX: live order book, 9 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 | 1.64 bp | 6.4 bp −$6 | 14.4 bp −$144 | 121.2 bp −$12.1K | doesn't fit |
| Sell SunX live order book, 9 min ago | 29.03 bp | 67.9 bp −$68 | doesn't fit | 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 | 1,465.9 | +0.011% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,467.7 | +0.128% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0117% | 1h | 1,463.3 | −0.169% | $398K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0114% | 8h | 1,467.7 | +0.130% | $29.7M | $72.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.1 | +0.160% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0030% | 8h | 1,464.9 | −0.057% | $47.5M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.1 | +0.089% | $413K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,468.9 | +0.214% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.8 | +0.207% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.9 | +0.076% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467 | +0.082% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0018% | 8h | 1,467.3 | +0.102% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEClong | +0.0054% | 1h | 1,465.8 | long leg | $4.6M | $1.6M | 10x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,467.1 | +0.090% | $377K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0060% | 8h | 1,468.5 | +0.188% | $181.5M | $1.29B | 50x | as long as short |
| Bybit ZECUSDT | +0.0088% | 8h | 1,468.6 | +0.192% | $273.3M | $633.3M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.4 | +0.179% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468 | +0.148% | $15K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.5 | +0.187% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.7 | +0.128% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469 | +0.220% | $762.6M | $453.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.2 | +0.166% | $14.9M | $31.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.1 | +0.158% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.8 | +0.207% | $683.5M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,469.7 | +0.266% | $701K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,465.9 | +0.007% | $892K | $22K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468.1 | +0.157% | $50.2M | $181.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.4 | +0.177% | $227.7M | $828.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.8 | +0.136% | $104.2M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.4 | +0.178% | $163.3M | $291.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,466.7 | +0.065% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464.1 | −0.116% | $570K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | +0.005% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,463.4 | −0.166% | $426K | $874K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.3 | −0.033% | $80K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.1 | +0.090% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.9 | +0.079% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.5 | −0.022% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDTshort | +0.0100% | 8h | 1,468.4 | +0.176% | $3K | $1.2M | 20x | |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | +0.116% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.9 | +0.078% | $2.5M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.9 | +0.147% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.3 | +0.171% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.2 | +0.097% | $54K | $164K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,469.2 | +0.231% | $853K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0232% | 1h | 1,468.3 | +0.172% | $604K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,469.2 | +0.236% | $19.1M | $50.5M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,469.2 | +0.235% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0513% | 1h | 1,468.6 | +0.194% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0744% | 1h | 1,470.1 | +0.297% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0771% | 1h | 1,468 | +0.152% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Bybit ZECUSDT
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
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD