Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.019%
Price spread now: 01 Exchange against Phoenix−0.069%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 0.069% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ZEC | 1,514.3 | 0.0096 | pay 0.0012% / 1h | 1m 30s | $4.8M | $1.4M | 10x |
| Short | 01 Exchange ZECUSD | 1,513.2 | 0.0072 | get 0.0009% / 1h | 1m 30s | $8K | $6K | 5x |
Phoenix ZEC
01 Exchange ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$4.95
- Price spread: −0.069% → 0.000%
- −$6.93
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$25.89
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 2 min ago; 01 Exchange: 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, 2 min ago | 1.65 bp | 6.4 bp −$6 | 14.4 bp −$144 | 94.7 bp −$9,466 | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.3442% | 1h | 1,496.3 | −1.189% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,512.8 | −0.094% | $62K | $306K | 10x | as long as short |
| Bulk ZEC-USD | −0.0412% | 1h | 1,508.1 | −0.407% | $776K | $147K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0163% | 8h | 1,510.6 | −0.246% | $31.3M | $76.8M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0097% | 1h | 1,511.1 | −0.208% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,514.1 | −0.015% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,512.5 | −0.119% | $420K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,512 | −0.153% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,514.9 | +0.043% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0011% | 1h | 1,515.2 | +0.061% | $18.3M | $47.9M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Bulk ZEC-USD
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0066% | 1h | 1,507 | −0.480% | $413K | $551K | 5x | as long as short |
| 01 Exchange ZECUSDshort | +0.0072% | 1h | 1,513.2 | −0.069% | $8K | $6K | 5x | |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,515 | +0.050% | $305K | $863K | 20x | as long as short |
| Phoenix ZEClong | +0.0096% | 1h | 1,514.3 | long leg | $4.8M | $1.4M | 10x | |
| Lighter RH ZEC | +0.0096% | 1h | 1,513.7 | −0.036% | $2.1M | $7.7M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,513.7 | −0.038% | $176K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,512.9 | −0.090% | $16K | $897K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,512.6 | −0.109% | $62K | $19K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,513.8 | −0.029% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,514.6 | +0.022% | $792.4M | $447.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,512.7 | −0.107% | $14.2M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,512.8 | −0.095% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,513.8 | −0.032% | $715.4M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,513.4 | −0.055% | $273.5M | $627.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,514 | −0.016% | $183.1M | $1.38B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,512.4 | −0.122% | $59.9M | $191.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,514.4 | +0.007% | $251.7M | $830.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,512.9 | −0.088% | $103.5M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,514.1 | −0.013% | $163.7M | $293.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,512.5 | −0.120% | — | $119.8M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,507.8 | −0.426% | $49.8M | $35.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,510.8 | −0.227% | $578K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,510.9 | −0.225% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,509.9 | −0.287% | $416K | $948K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,510.5 | −0.249% | $54K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,514.5 | +0.015% | $376K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,515 | +0.048% | $169K | $193K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,513.2 | −0.072% | $462K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,516.6 | +0.156% | $4K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,514.6 | +0.021% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,514.5 | +0.015% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,514.5 | +0.017% | $4.1M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,512.8 | −0.097% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,515.1 | +0.056% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,513 | −0.083% | $960K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,513.8 | −0.029% | $19.7M | $47.1M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0150% / S −0.0150% | 1h | 1,514.2 | −0.001% | $335K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0161% | 1h | 1,515.4 | +0.077% | $692K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,513.5 | −0.052% | $596K | $8.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,516.5 | +0.146% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0492% | 1h | 1,514.8 | +0.038% | $2.4M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
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
RISEx ZEC/USDC
Lighter ZEC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP