Funding you earn now, next payment 07:00 UTC−0.0062%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%
Price spread now: Phoenix against RISEx+0.180%50s7-day average +0.104% · you sell dearer than you buy
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−$230.227% of the position
Funding, last 4 days (all we have)−0.027%−$3 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now +0.180%, 7d avg +0.104%
=The price spread pays, funding is against you. Phoenix is 0.075% dearer against RISEx than usual: you sell high and buy low (spread +0.180% now, against its 7-day average of +0.104%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 4 days (−0.027% in total) that is about 11 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 | RISEx ZEC/USDC | 1,511.6 | 0.0157 | pay 0.0020% / 1h | 56m 25s | $964K | $1.1M | 10x |
| Short | Phoenix ZEC | 1,514.3 | 0.0096 | get 0.0012% / 1h | 56m 25s | $4.8M | $1.4M | 10x |
RISEx ZEC/USDC
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against RISEx. 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
- −$12.93
- Price spread: +0.180% → +0.104%
- $7.54
- Slippage, 4 orders
- −$9.75
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$28.14
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 2 min ago; Phoenix: live order book, 2 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 RISEx live order book, 2 min ago | 0.99 bp | 4.0 bp −$4 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 2 min ago | 2.24 bp | 7.4 bp −$7 | 18.2 bp −$182 | 150.0 bp −$15.0K | 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 | −0.3702% | 1h | 1,500.2 | −0.749% | $37K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | +0.246% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,510.8 | −0.053% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0164% | 8h | 1,513.7 | +0.142% | $31.5M | $77.0M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0114% | 1h | 1,513.8 | +0.149% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517.5 | +0.395% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,512.1 | +0.038% | $420K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,516.9 | +0.356% | $1.6M | $5.0M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,514.8 | +0.216% | $692K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,510.1 | −0.096% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,511.2 | −0.022% | $8K | $6K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,514.6 | +0.200% | $18.3M | $47.8M | 25x | as long as short |
| Bybit ZECUSDT | +0.0052% | 8h | 1,509.8 | −0.116% | $271.7M | $628.8M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,510.3 | −0.084% | $304K | $859K | 20x | as long as short |
| Phoenix ZECshort | +0.0096% | 1h | 1,514.3 | +0.180% | $4.8M | $1.4M | 10x | |
| Lighter RH ZEC | +0.0096% | 1h | 1,513.2 | +0.111% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,511.2 | −0.027% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,511.6 | +0.004% | $62K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,511.5 | −0.004% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,512 | +0.029% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,511.1 | −0.030% | $790.6M | $448.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,509.9 | −0.109% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,512.2 | +0.039% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,510.3 | −0.083% | $713.5M | $2.34B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,510.2 | −0.090% | $182.8M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,509.5 | −0.136% | $413K | $553K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,512.2 | +0.043% | $596K | $8.9M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,510.3 | −0.085% | $59.8M | $182.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,510.7 | −0.059% | $362.2M | $817.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,510.9 | −0.044% | $103.2M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,510.7 | −0.055% | $163.0M | $294.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,510.4 | −0.080% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,513.8 | +0.147% | $50.0M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,515.1 | +0.236% | $580K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,515.9 | +0.288% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,515.1 | +0.233% | $417K | $949K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,516 | +0.297% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,511.2 | −0.023% | $375K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,510.5 | −0.069% | $169K | $193K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,512.3 | +0.050% | $452K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,517.4 | +0.384% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,514.1 | +0.171% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,514.3 | +0.182% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,514.2 | +0.176% | $4.0M | $4.9M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,512.9 | +0.091% | $19.6M | $44.0M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,511.5 | −0.005% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,510.4 | −0.077% | $43K | $151K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0152% / S −0.0153% | 1h | 1,510.2 | −0.088% | $335K | — | 100x | as long as short |
| RISEx ZEC/USDClong | +0.0157% | 1h | 1,511.6 | long leg | $964K | $1.1M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,516 | +0.294% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0538% | 1h | 1,513.9 | +0.155% | $2.4M | $3.8M | 15x | as long as short |
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP