ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0207%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.017%

Price spread now: Phoenix against Arcus+0.078%7-day average +0.091% · 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−$27as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.125%+$12 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.078%, 7d avg +0.091%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.125%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus ZEC-USD	1,468.5	0.0277	pay 0.0035% / 1h	57m 12s	$695K	$8.5M	10x
Short	Phoenix ZEC	1,469.6	0.0070	get 0.0009% / 1h	57m 12s	$4.6M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee PhoenixbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$43.45
Price spread: +0.078% → +0.091%: −$1.29
Slippage, 4 orders: −$14.45
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$70.7
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Phoenix: live order book, 7 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 Arcus live order book, 2 min ago	0.00 bp	2.9 bp −$3	5.0 bp −$50	doesn't fit	doesn't fit
Sell Phoenix live order book, 7 min ago	2.24 bp	7.4 bp −$7	16.5 bp −$165	57.7 bp −$5,765	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	−0.3244%	1h	1,469.5	+0.072%	$34K	$272K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0175%	1h	1,466.9	−0.107%	$398K	$441K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.124%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.6	−0.128%	$413K	$47K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,466.2	−0.157%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,465.3	−0.215%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.8	−0.320%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0033%	8h	1,463.6	−0.332%	$292K	$984K	20x	as long as short
Popdex ZECUSDT	+0.0040%	1h	1,466.3	−0.148%	$173K	$1.8M	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,466.8	−0.113%	$8K	$8K	5x	as long as short

Show 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	1,464	−0.306%	$383K	—	100x	as long as short
Phoenix ZECshort	+0.0070%	1h	1,469.6	+0.078%	$4.6M	$1.4M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0078%	1h	1,464.6	−0.265%	$609K	$1.3M	25x	as long as short
Variational Omni ZEC	+0.0079%	8h	1,468.1	−0.025%	$48.0M	$32.4M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,464.2	−0.290%	$180.4M	$1.24B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.2	−0.155%	$16K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.1	−0.096%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.5	−0.269%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,465.3	−0.216%	$763.3M	$435.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.9	−0.308%	$14.7M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.7	−0.122%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.2	−0.293%	$676.8M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,464.2	−0.293%	$271.6M	$605.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.129%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,464.3	−0.286%	$50.0M	$169.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,464.1	−0.298%	$216.0M	$768.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.7	−0.324%	$102.9M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.8	−0.251%	$162.7M	$275.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,464.1	−0.298%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468	−0.030%	$571K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.2	+0.048%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.2	+0.046%	$427K	$880K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.9	−0.038%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,465.4	−0.209%	$342K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.8	−0.317%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.3	−0.419%	$446K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.8	+0.023%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.1	−0.296%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,464.1	−0.299%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.5	−0.270%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464	−0.302%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.8	−0.321%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,465.7	−0.186%	$19.2M	$45.8M	20x	as long as short
Lighter RH ZEC	+0.0144%	1h	1,466.2	−0.153%	$2.1M	$6.8M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,464.1	−0.296%	$18.0M	$43.7M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0252%	1h	1,464.9	−0.245%	$2.4M	$3.8M	15x	as long as short
Arcus ZEC-USDlong	+0.0277%	1h	1,468.5	long leg	$695K	$8.5M	10x
RISEx ZEC/USDC	+0.0409%	1h	1,467.3	−0.078%	$852K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,465.9	−0.172%	$3.7M	$8.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0734%	1h	1,468.6	+0.007%	$43K	$46K	10x	as long as short