Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: Phemex against dYdX+0.058%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 3 days (all we have)+0.257%+$26 · spread now +0.058%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.025% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ZEC-USD | 1,474.3 | 0 | get 0.0000% / 1h | 51m 32s | $415K | $104K | 5x |
| Short | Phemex ZECUSDT | 1,475.2 | 0.0100 | get 0.0100% / 8h | 7h 51m | $3.9M | $5.4M | 50x |
dYdX ZEC-USD
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against dYdX. 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
- $21
- Price spread: +0.058% → +0.033%
- $2.55
- Slippage, 4 orders
- −$94.89
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$93.35
- Costs to cover
- 1.169%
- Break-even
- 38.1 days
Slippage from dYdX: live order book, 23 min ago; Phemex: 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 dYdX live order book, 23 min ago | 36.13 bp | 42.3 bp −$42 | 50.1 bp −$501 | 81.5 bp −$8,153 | 211.0 bp −$105.5K |
| Sell Phemex live order book, 2 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 | 1,475 | +0.045% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,474.8 | +0.033% | $18.0M | $43.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0206% | 1h | 1,474.7 | +0.027% | $400K | $517K | 5x | as long as short |
| Bybit ZECUSDT | −0.0111% | 8h | 1,473.4 | −0.065% | $274.9M | $647.2M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0104% | 8h | 1,476.6 | +0.156% | $29.6M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,475.4 | +0.076% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0060% | 8h | 1,472.4 | −0.130% | $47.7M | $34.4M | — | as long as short |
| dYdX ZEC-USDlong | 0.0000% | 1h | 1,474.3 | long leg | $415K | $104K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477.3 | +0.203% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,476.6 | +0.152% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,477.4 | +0.212% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,475 | +0.049% | $295K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,473.7 | −0.043% | $181.9M | $1.33B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,474.5 | +0.012% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,477 | +0.182% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,477.2 | +0.199% | $378K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0064% | 8h | 1,473.8 | −0.033% | $51.5M | $178.0M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,474.7 | +0.030% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.9 | −0.030% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,474.2 | −0.008% | $13K | $850K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.4 | −0.063% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.1 | −0.014% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475 | +0.047% | $764.9M | $459.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.6 | −0.047% | $15.0M | $32.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.8 | −0.032% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.036% | $684.4M | $2.44B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475.2 | +0.058% | $688K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.241% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.1 | −0.081% | $233.0M | $821.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.7 | −0.041% | $105.1M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.032% | $163.9M | $299.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,474 | −0.020% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475.8 | +0.103% | $575K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.2 | +0.198% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.5 | +0.151% | $432K | $858K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.175% | $111K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476.4 | +0.142% | $335K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.173% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.7 | −0.042% | $459K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.7 | +0.299% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.8 | +0.034% | $243K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475.8 | +0.102% | $2.5M | $22.3M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,475.2 | +0.058% | $3.9M | $5.4M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.9 | −0.031% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.2 | −0.212% | $82K | $250K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0185% | 1h | 1,476 | +0.115% | $616K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,474.5 | +0.012% | $843K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,477.8 | +0.236% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0640% | 1h | 1,475.7 | +0.096% | $2.0M | $8.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0654% | 1h | 1,475 | +0.046% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0777% | 1h | 1,475.7 | +0.097% | $46K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD