Funding you earn now, next payment 07:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.061%
Price spread now: Phoenix against BloFin−0.609%7-day average +0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 7 days+0.727%+$73 on $10k
+Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.609%, 7d avg +0.084%
=Funding pays, the price is against you. Phoenix is 0.693% cheaper against BloFin than usual: you would sell low and buy high (spread −0.609% now, against its 7-day average of +0.084%). If the spread goes back, that is −$69 on $10k: about 9.1 days of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZEC-USDT | 1,505.2 | −0.0158 | get 0.0158% / 8h | 17m 00s | $31.3M | $76.1M | 75x |
| Short | Phoenix ZEC | 1,496 | 0.0096 | get 0.0012% / 1h | 17m 00s | $4.8M | $1.4M | 10x |
BloFin ZEC-USDT
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $53.36
- Price spread: −0.609% → +0.084%
- −$69.34
- Slippage, 4 orders
- −$6.05
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$41.03
- Costs to cover
- 0.250%
- Break-even
- 12.4 days
Slippage from BloFin: live order book, 7 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 BloFin live order book, 7 min ago | 0.10 bp | 6.4 bp −$6 | 8.7 bp −$87 | 13.4 bp −$1,343 | doesn't fit |
| Sell Phoenix live order book, 2 min ago | 1.60 bp | 6.3 bp −$6 | 13.7 bp −$137 | 46.2 bp −$4,622 | 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 | −0.3442% | 1h | 1,479.6 | −1.701% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,504 | −0.076% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDTlong | −0.0158% | 8h | 1,505.2 | long leg | $31.3M | $76.1M | 75x | |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | −0.629% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0101% | 1h | 1,498.6 | −0.435% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.3 | −0.127% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,505.2 | 0.000% | $418K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.5 | +0.019% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,505.4 | +0.014% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,505.7 | +0.033% | $18.1M | $47.1M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Bulk ZEC-USD
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0050% | 1h | 1,498 | −0.477% | $408K | $555K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,505.2 | +0.003% | $303K | $864K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,505.4 | +0.015% | $8K | $6K | 5x | as long as short |
| Phoenix ZECshort | +0.0096% | 1h | 1,496 | −0.609% | $4.8M | $1.4M | 10x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.2 | +0.001% | $183K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,505.3 | +0.008% | $12K | $891K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.4 | +0.013% | $62K | $20K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,505.6 | +0.027% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,505.8 | +0.041% | $786.6M | $439.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,506.4 | +0.079% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,505.8 | +0.038% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,507.1 | +0.128% | $705.1M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,506.9 | +0.112% | $271.0M | $618.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,507 | +0.121% | $184.2M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,505.1 | −0.005% | $57.0M | $185.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.4 | +0.015% | $242.8M | $804.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,505.3 | +0.008% | $103.3M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505.2 | +0.002% | $162.8M | $289.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,505.2 | −0.001% | — | $117.5M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,495.2 | −0.664% | $48.9M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,501.5 | −0.245% | $575K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.1 | −0.141% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | −0.054% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.4 | −0.116% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,505.2 | +0.001% | $361K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,505.4 | +0.012% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502.7 | −0.164% | $459K | $469K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,507.4 | +0.144% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,505.2 | −0.001% | $255K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,504.1 | −0.070% | $2.7M | $20.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,505.6 | +0.026% | $4.0M | $4.9M | 50x | as long as short |
| Lighter RH ZEC | +0.0104% | 1h | 1,506.6 | +0.096% | $2.1M | $7.4M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,505.3 | +0.006% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,505.5 | +0.020% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,505.5 | +0.020% | $948K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0146% / S −0.0144% | 1h | 1,505.5 | +0.021% | $335K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0187% | 1h | 1,506.2 | +0.070% | $688K | $1.4M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,506.7 | +0.100% | $20.0M | $45.8M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,505.9 | +0.047% | $609K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,505.2 | +0.001% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0514% | 1h | 1,505.9 | +0.047% | $2.3M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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 RH ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP