ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0204%/8h= +22.4% APRnext payment +$2.04 per $10,000 · paid last 24h +0.062%

Price spread now: Phemex against BloFin+0.094%59s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.436% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.094%, 7d avg +0.016%

Together, before fees+0.272%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phemex is 0.077% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 59 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	BloFin ZEC-USDT	1,473.4	−0.0104	get 0.0104% / 8h	7h 49m	$29.5M	$74.6M	75x
Short	Phemex ZECUSDT	1,474.8	0.0100	get 0.0100% / 8h	7h 49m	$3.9M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now +0.094%Rate

Funding earned: $42.9
Price spread: +0.094% → +0.016%: $7.72
Slippage, 4 orders: −$19.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: $7.07
Costs to cover: 0.436%
Break-even: 5.8 days

Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 4 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 BloFin live order book, 4 min ago	0.07 bp	6.1 bp −$6	7.5 bp −$75	13.9 bp −$1,393	doesn't fit
Sell Phemex live order book, 4 min ago	1.66 bp	19.2 bp −$19	doesn't fit	doesn't fit	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	−0.3321%	1h	1,477.8	+0.300%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,474.2	+0.052%	$18.0M	$43.5M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0192%	1h	1,474.7	+0.087%	$400K	$517K	5x	as long as short
BloFin ZEC-USDTlong	−0.0104%	8h	1,473.4	long leg	$29.5M	$74.6M	75x
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.4	+0.067%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0077%	8h	1,473.6	+0.009%	$275.1M	$646.0M	75x	as long as short
Variational Omni ZEC	−0.0061%	8h	1,473.2	−0.015%	$47.9M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475.6	+0.147%	$416K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.3	+0.125%	$960K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.4	+0.064%	$84K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.9	+0.101%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,474.2	+0.052%	$294K	$1.4M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,474	+0.041%	$181.9M	$1.33B	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,476.1	+0.182%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0054%	1h	1,477	+0.242%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474.7	+0.084%	$379K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0089%	1h	1,475	+0.108%	$615K	$1.3M	25x	as long as short
Lighter ZEC	+0.0096%	1h	1,475.9	+0.169%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,475.6	+0.150%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,475.6	+0.146%	$13K	$850K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475.6	+0.147%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476.2	+0.191%	$2.6M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.5	+0.141%	$765.2M	$459.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.2	+0.053%	$15.0M	$32.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.8	+0.162%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.2	+0.053%	$684.6M	$2.43B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,476.9	+0.236%	$692K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.181%	$895K	$33K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,474.3	+0.060%	$51.5M	$178.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.3	+0.062%	$232.3M	$821.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.5	+0.071%	$105.2M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.4	+0.067%	$163.9M	$298.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.4	+0.001%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.8	+0.163%	$575K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.2	+0.258%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.5	+0.211%	$432K	$858K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.3	+0.057%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.9	+0.100%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.6	+0.077%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.5	−0.063%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.8	+0.295%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474	+0.040%	$243K	$4.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.5	+0.006%	$2.5M	$22.2M	75x	as long as short
Phemex ZECUSDTshort	+0.0100%	8h	1,474.8	+0.094%	$3.9M	$5.4M	50x
Extended ZEC-USD	+0.0104%	1h	1,474.5	+0.075%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.3	−0.144%	$82K	$250K	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,476.5	+0.206%	$844K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,477	+0.240%	$3.8M	$10.5M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0645%	1h	1,475.1	+0.113%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0664%	1h	1,476.5	+0.211%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0784%	1h	1,475.5	+0.144%	$44K	$48K	10x	as long as short