ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.03 per $10,000 · paid last 24h −0.014%

Price spread now: Aster against Phemex−0.014%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.172%−$17 on $10k

Price spread, last 4 days (all we have)−0.688%−$69 · spread now −0.014%, 7d avg −0.045%

Together, before fees−0.860%+ Points / potential airdropAster: Stage 5 · farm board−$86 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.031% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZECUSDT	1,505.7	0.0100	pay 0.0100% / 8h	5h 57m	$4.0M	$4.8M	50x
Short	Aster ZECUSDT	1,505.5	0.0097	get 0.0097% / 8h	5h 57m	$14.1M	$26.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$0.55
Price spread: −0.014% → −0.045%: $3.06
Slippage, 4 orders: −$21.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.46
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Aster: 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 Phemex live order book, 5 min ago	1.73 bp	12.9 bp −$13	22.2 bp −$222	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.63 bp	4.7 bp −$5	7.5 bp −$75	23.8 bp −$2,379	144.4 bp −$72.2K

ZEC on 50 exchanges

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	−0.4130%	1h	1,480	−1.710%	$36K	$267K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,506	+0.015%	$31.8M	$73.6M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0174%	1h	1,504.1	−0.108%	$408K	$499K	5x	as long as short
Aftermath Perps ZECUSD	−0.0097%	1h	1,504.2	−0.103%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	−0.141%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,504	−0.115%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,505.7	−0.002%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,503.5	−0.147%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.1	−0.043%	$5.4M	—	150x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,505.3	−0.031%	$8K	$6K	5x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ZEC/USDC	+0.0032%	1h	1,504.1	−0.109%	$909K	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0071%	8h	1,504.5	−0.080%	$304K	$856K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,506.1	+0.026%	$20.0M	$38.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,506.6	+0.055%	$2.0M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.1	−0.044%	$170K	$1.5M	50x	as long as short
Aster ZECUSDTshort	+0.0097%	8h	1,505.5	−0.014%	$14.1M	$26.9M	75x
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,505.3	−0.031%	$18.5M	$46.2M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.1	−0.040%	$62K	$14K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,504.6	−0.078%	$25K	$880K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.7	−0.005%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.5	−0.013%	$789.8M	$431.7M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.5	−0.016%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.9	+0.014%	$708.7M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,505.5	−0.014%	$276.5M	$589.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.6	−0.006%	$185.9M	$1.31B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,505.8	+0.002%	$592K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,504.2	−0.105%	$780K	$158K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,504.8	−0.062%	$62.9M	$170.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,506.2	+0.029%	$177.9M	$821.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.6	−0.009%	$105.5M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505	−0.049%	$164.3M	$280.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,505	−0.048%	—	$122.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,505.3	−0.031%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,503.5	−0.150%	$49.4M	$34.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.8	−0.130%	$549K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.7	+0.001%	$3.1M	$599K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.2	−0.099%	$411K	$948K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,504.3	−0.098%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.7	−0.068%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,504.8	−0.065%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.1	+0.091%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505	−0.050%	$258K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,505	−0.047%	$2.7M	$20.5M	75x	as long as short
Phemex ZECUSDTlong	+0.0100%	8h	1,505.7	long leg	$4.0M	$4.8M	50x
Extended ZEC-USD	+0.0104%	1h	1,505	−0.050%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,504.9	−0.057%	$37K	$163K	20x	as long as short
Phoenix ZEC	+0.0139%	1h	1,506.5	+0.048%	$4.8M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0185% / S −0.0195%	1h	1,504.7	−0.071%	$351K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0244%	1h	1,505.8	+0.003%	$686K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,506.4	+0.043%	$3.9M	$9.5M	50x	as long as short