Funding you earn now, next payment 22:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.023%
Price spread now: Phoenix against HTX0.000%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs+$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Funding, last 7 days+0.701%+$70 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now 0.000%, 7d avg +0.120%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.120% cheaper against HTX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.120%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.701%, 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 | HTX ZEC-USDT | 1,465 | 0.0100 | pay 0.0100% / 8h | 1h 18m | $2.5M | $23.7M | 75x |
| Short | Phoenix ZEC | 1,465 | 0.0075 | get 0.0009% / 1h | 18m 33s | $4.6M | $1.6M | 10x |
HTX ZEC-USDT
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- −$5.16
- Price spread: 0.000% → +0.120%
- −$11.95
- Slippage, 4 orders
- −$10.38
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$46.49
- Costs to cover
- 0.294%
- Break-even
- never at this rate
Slippage from HTX: live order book, 6 min ago; Phoenix: live order book, 5 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 HTX live order book, 6 min ago | 1.50 bp | 7.7 bp −$8 | 14.6 bp −$146 | 38.9 bp −$3,891 | doesn't fit |
| Sell Phoenix live order book, 5 min ago | 1.77 bp | 6.6 bp −$7 | 15.3 bp −$153 | 52.7 bp −$5,272 | 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 | −0.3310% | 1h | 1,465.3 | +0.023% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,465.9 | +0.061% | $17.8M | $44.5M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0244% | 1h | 1,463 | −0.137% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0099% | 8h | 1,465.8 | +0.055% | $29.2M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.9 | +0.061% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0067% | 8h | 1,464.3 | −0.050% | $270.9M | $666.7M | 75x | as long as short |
| Variational Omni ZEC | −0.0030% | 8h | 1,462.2 | −0.188% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.6 | +0.042% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466.6 | +0.111% | $886K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,465.5 | +0.031% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
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 | 1,465.5 | +0.035% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,465.8 | +0.055% | $292K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,465.7 | +0.051% | $355K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0042% | 8h | 1,465.5 | +0.031% | $49.8M | $186.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0045% | 8h | 1,464.8 | −0.013% | $176.8M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,465 | −0.001% | $8K | $8K | 5x | as long as short |
| Phoenix ZECshort | +0.0075% | 1h | 1,465 | 0.000% | $4.6M | $1.6M | 10x | |
| ApeX Omni ZECUSDT | +0.0084% | 1h | 1,463.5 | −0.102% | $429K | $823K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465 | +0.003% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.5 | +0.034% | $14K | $827K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.3 | +0.021% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.2 | +0.084% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.3 | +0.089% | $760.8M | $478.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.5 | +0.032% | $15.6M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.3 | +0.092% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.1 | +0.005% | $674.9M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.072% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465 | −0.003% | $222.8M | $866.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.1 | +0.010% | $103.6M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,465 | +0.001% | $162.5M | $304.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,464.5 | −0.035% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463 | −0.137% | $511K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.2 | −0.057% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.076% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,465 | 0.000% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,464.9 | −0.010% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.5 | −0.032% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.5 | +0.167% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465.7 | +0.049% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDTlong | +0.0100% | 8h | 1,465 | long leg | $2.5M | $23.7M | 75x | |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.2 | +0.078% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,465.7 | +0.046% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.9 | +0.063% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,467.4 | +0.161% | $19.0M | $52.7M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0128% | 1h | 1,466.8 | +0.124% | $597K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0175% | 1h | 1,466.7 | +0.115% | $2.4M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,465.8 | +0.057% | $842K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,468.3 | +0.226% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,468.2 | +0.221% | $3.7M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,466.6 | +0.112% | $726K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0580% | 1h | 1,466 | +0.069% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD