Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.014%
Price spread now: Phoenix against BingX−0.011%7-day average +0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs+$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 7 days+0.580%+$58 on $10k
+Price spread, last 7 days+0.168%+$17 · spread now −0.011%, 7d avg +0.127%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.138% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.127%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZEC-USDT | 1,493.8 | 0.0100 | pay 0.0100% / 8h | 1h 57m | — | $115.0M | — |
| Short | Phoenix ZEC | 1,493.6 | 0.0092 | get 0.0012% / 1h | 57m 23s | $4.7M | $1.4M | 10x |
BingX ZEC-USDT
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- −$1.65
- Price spread: −0.011% → +0.127%
- −$13.78
- Slippage, 4 orders
- −$7.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$40.41
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Phoenix: live order book, 1 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 BingX live order book, 12 min ago | 0.10 bp | 5.1 bp −$5 | 5.1 bp −$51 | 13.3 bp −$1,329 | 29.7 bp −$14.9K |
| Sell Phoenix live order book, 1 min ago | 2.28 bp | 7.4 bp −$7 | 17.8 bp −$178 | 150.7 bp −$15.1K | 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 | −0.3684% | 1h | 1,491.6 | −0.147% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0122% | 8h | 1,491.8 | −0.131% | $30.6M | $73.9M | 75x | as long as short |
| Bulk ZEC-USD | −0.0102% | 1h | 1,494.5 | +0.050% | $903K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,492.4 | −0.094% | $18.1M | $46.3M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,490.4 | −0.229% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,493.9 | +0.006% | $415K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,491.6 | −0.145% | $1.6M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,492.3 | −0.098% | $61K | $288K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,493.8 | −0.002% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0071% | 8h | 1,493.9 | +0.007% | $300K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZECshort | +0.0092% | 1h | 1,493.6 | −0.011% | $4.7M | $1.4M | 10x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,492.5 | −0.089% | $156K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,493.3 | −0.034% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,493 | −0.050% | $14.2M | $29.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,493.5 | −0.017% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,493.9 | +0.009% | $694.9M | $2.28B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,493.8 | +0.001% | $270.2M | $627.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,493.7 | −0.005% | $180.9M | $1.32B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,488.1 | −0.380% | $406K | $478K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,493 | −0.053% | $54.2M | $178.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,493.1 | −0.046% | $235.1M | $769.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,493 | −0.050% | $102.6M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494 | +0.014% | $161.1M | $286.5M | 75x | as long as short |
| BingX ZEC-USDTlong | +0.0100% | 8h | 1,493.8 | long leg | — | $115.0M | — | |
| Variational Omni ZEC | +0.0100% | 8h | 1,494 | +0.013% | $48.9M | $33.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,489.7 | −0.272% | $569K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,495.8 | +0.136% | $3.1M | $477K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,494.4 | +0.039% | $414K | $931K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,490.6 | −0.215% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,492.3 | −0.099% | $361K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,493.1 | −0.045% | $164K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,490.9 | −0.195% | $455K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,494 | +0.014% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,492 | −0.118% | $254K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,491.9 | −0.125% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,492.4 | −0.090% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,493.5 | −0.020% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,491.7 | −0.139% | $12K | $860K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,492 | −0.119% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,493.7 | −0.005% | $45K | $149K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0104% / S −0.0079% | 1h | 1,492.8 | −0.062% | $373K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0128% | 1h | 1,492.5 | −0.086% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,492.7 | −0.071% | $934K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0150% | 1h | 1,493.2 | −0.038% | $2.3M | $3.9M | 15x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,494 | +0.013% | $604K | $8.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0250% | 1h | 1,493 | −0.054% | $710K | $1.4M | 25x | as long as short |
| Hyperliquid ZEC | +0.0263% | 1h | 1,494 | +0.015% | $778.4M | $440.0M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0313% | 1h | 1,493.6 | −0.010% | $49K | $63K | 10x | as long as short |
| Lighter ZEC | +0.0344% | 1h | 1,494.7 | +0.064% | $19.6M | $45.3M | 20x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,494.6 | +0.055% | $2.1M | $7.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,494.3 | +0.033% | $3.6M | $9.9M | 50x | as long as short |
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Hyperliquid ZEC
Aftermath Perps ZECUSD
Lighter ZEC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX