Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: Phemex against OKX−0.058%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.058%, 7d avg +0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.092% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZEC-USDT-SWAP | 1,489.3 | 0.0100 | pay 0.0100% / 8h | 1h 20m | $180.1M | $1.32B | 50x |
| Short | Phemex ZECUSDT | 1,488.5 | 0.0100 | get 0.0100% / 8h | 1h 20m | $4.0M | $5.0M | 50x |
OKX ZEC-USDT-SWAP
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- $0
- Price spread: −0.058% → +0.034%
- −$9.21
- Slippage, 4 orders
- −$23.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$54.23
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 3 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 OKX live order book, 3 min ago | 0.03 bp | 6.7 bp −$7 | 9.3 bp −$93 | 15.6 bp −$1,559 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 5.52 bp | 18.6 bp −$19 | 31.5 bp −$315 | doesn't fit | doesn't fit |
ZEC on 50 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 | 1,461.9 | −1.842% | $36K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0147% | 8h | 1,488.2 | −0.077% | $30.5M | $74.5M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,488.3 | −0.066% | $18.0M | $46.6M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,487.2 | −0.146% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −0.146% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,486.7 | −0.178% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,487.8 | −0.104% | $1.6M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,487.2 | −0.142% | $62K | $304K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,487.2 | −0.143% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0075% | 1h | 1,482.8 | −0.437% | $47K | $64K | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0078% | 8h | 1,487.9 | −0.098% | $300K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,489.4 | +0.005% | $168K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,488.8 | −0.038% | $12K | $876K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,487.8 | −0.102% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,488.9 | −0.028% | $13.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,489.7 | +0.024% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,489.4 | +0.007% | $694.1M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,488.8 | −0.034% | $266.2M | $633.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAPlong | +0.0100% | 8h | 1,489.3 | long leg | $180.1M | $1.32B | 50x | |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,484.2 | −0.344% | $406K | $512K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,489.4 | +0.007% | $54.7M | $184.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,489.1 | −0.019% | $243.5M | $788.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,489.7 | +0.022% | $102.2M | $57.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,489.4 | +0.006% | $160.4M | $289.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,489.2 | −0.009% | — | $116.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,485.5 | −0.255% | $48.4M | $34.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,485.6 | −0.252% | $570K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,487.2 | −0.142% | $3.0M | $511K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,486.6 | −0.187% | $409K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,487.9 | −0.099% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,487 | −0.156% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,487 | −0.155% | $163K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,490 | +0.048% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,488.1 | −0.085% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,487.1 | −0.149% | $2.7M | $20.3M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,488.5 | −0.058% | $4.0M | $5.0M | 50x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,489.7 | +0.028% | $61K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,489.3 | +0.001% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,488.2 | −0.077% | $43K | $152K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0128% | 1h | 1,489.9 | +0.040% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,487.1 | −0.152% | $931K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0132% | 1h | 1,489.3 | −0.001% | $2.3M | $3.9M | 15x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,487.9 | −0.093% | $4.7M | $1.4M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0143% | 1h | 1,488.6 | −0.050% | $680K | $1.4M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0149% / S −0.0162% | 1h | 1,488.4 | −0.065% | $482K | — | 100x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,490.7 | +0.093% | $632K | $8.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0231% | 1h | 1,489.6 | +0.018% | $774.0M | $442.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0240% | 1h | 1,491.2 | +0.128% | $2.1M | $7.4M | 10x | as long as short |
| Lighter ZEC | +0.0304% | 1h | 1,490.7 | +0.090% | $19.7M | $46.0M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,489.4 | +0.006% | $3.7M | $10.0M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Ondo Perps ZEC-USD.P
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
Arcus ZEC-USD
Hyperliquid ZEC
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX