Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.005%
Price spread now: Phoenix against StandX−0.141%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days+0.291%+$29 on $10k
+Price spread, last 7 days+0.290%+$29 · spread now −0.141%, 7d avg +0.114%
=Together, before fees+0.581%+ Points / potential airdropStandX: Active · farm board+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.255% cheaper against StandX than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.114%). If the spread goes back, that is −$25 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.291% in total) that is about 6.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX ZEC-USD | 1,506 | 0.0100 | pay 0.0013% / 1h | 58m 54s | $112K | $4.5M | 30x |
| Short | Phoenix ZEC | 1,503.9 | 0.0139 | get 0.0017% / 1h | 58m 54s | $4.8M | $1.3M | 10x |
StandX ZEC-USD
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against StandX. 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
- $8.26
- Price spread: −0.141% → +0.114%
- −$25.48
- Slippage, 4 orders
- −$16.44
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$48.65
- Costs to cover
- 0.314%
- Break-even
- 48.2 days
Slippage from StandX: live order book, 3 min ago; Phoenix: live order book, 3 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 StandX live order book, 3 min ago | 4.76 bp | 9.9 bp −$10 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 1.59 bp | 6.3 bp −$6 | 14.2 bp −$142 | 113.2 bp −$11.3K | doesn't fit |
ZEC on 50 exchanges
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 | −0.4130% | 1h | 1,480 | −1.726% | $36K | $267K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0232% | 1h | 1,498.9 | −0.469% | $408K | $497K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0190% | 8h | 1,505 | −0.068% | $31.9M | $73.6M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0101% | 1h | 1,503.8 | −0.143% | $46K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.6 | −0.157% | $6K | $1K | 10x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.3 | −0.045% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,503.5 | −0.165% | $63K | $300K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,504.7 | −0.085% | $5.4M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,504.7 | −0.082% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,504.6 | −0.094% | $910K | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
RISEx ZEC/USDCShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0072% | 8h | 1,504.8 | −0.080% | $304K | $856K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,506.1 | +0.007% | $19.9M | $38.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,506.5 | +0.033% | $2.0M | $7.0M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,504.6 | −0.088% | $170K | $1.5M | 50x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,505.3 | −0.046% | $18.5M | $46.2M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,504.1 | −0.124% | $62K | $14K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,504.1 | −0.126% | $24K | $877K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,505.2 | −0.051% | $3.1M | $7.2M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,505.8 | −0.011% | $790.1M | $431.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,505 | −0.062% | $14.1M | $26.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504.7 | −0.082% | $1.7M | $1.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,505.7 | −0.021% | $708.6M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,505.2 | −0.050% | $276.3M | $590.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,505.1 | −0.059% | $185.9M | $1.31B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,505.3 | −0.046% | $592K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,504.2 | −0.121% | $780K | $158K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,505.5 | −0.034% | $62.9M | $170.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.6 | −0.024% | $177.8M | $821.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,505 | −0.064% | $105.5M | $53.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505.4 | −0.038% | $164.4M | $280.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,504.7 | −0.088% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,505.4 | −0.039% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,503.5 | −0.166% | $49.4M | $34.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,503.8 | −0.146% | $549K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.7 | −0.153% | $3.1M | $586K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | −0.106% | $411K | $948K | 50x | as long as short |
| StandX ZEC-USDlong | +0.0100% | 1h | 1,506 | long leg | $112K | $4.5M | 30x | |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,504.8 | −0.078% | $371K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,504.6 | −0.094% | $167K | $188K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,507.3 | +0.088% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,505 | −0.064% | $258K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,503.8 | −0.145% | $2.7M | $20.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,504.9 | −0.072% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,505.3 | −0.041% | $2.7M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,504.6 | −0.089% | $37K | $163K | 20x | as long as short |
| Phoenix ZECshort | +0.0139% | 1h | 1,503.9 | −0.141% | $4.8M | $1.3M | 10x | |
| dYdX ZEC-USD | +0.0144% | 1h | 1,504.1 | −0.125% | $414K | $37K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0184% / S −0.0195% | 1h | 1,504.4 | −0.106% | $350K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0221% | 1h | 1,505.8 | −0.012% | $686K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,506.8 | +0.052% | $3.9M | $9.5M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Kraken Futures PF_ZECUSD
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
dYdX ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX