ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0278%/8h= −30.4% APRnext payment −$2.78 per $10,000 · paid last 24h −0.058%

Price spread now: BloFin against Phemex+0.035%59s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.539% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.035%, 7d avg −0.025%

Together, before fees−0.406%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.060% dearer against Phemex than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.025%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.273% in total) that is about 37 hours. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ZECUSDT	1,498.7	0.0100	pay 0.0100% / 8h	4h 45m	$4.0M	$4.7M	50x
Short	BloFin ZEC-USDT	1,499.2	−0.0178	pay 0.0178% / 8h	4h 45m	$32.0M	$72.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$58.33
Price spread: +0.035% → −0.025%: $6.01
Slippage, 4 orders: −$29.87
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$106.19
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; BloFin: live order book, 7 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, 6 min ago	4.88 bp	19.1 bp −$19	27.1 bp −$271	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.00 bp	8.0 bp −$8	9.0 bp −$90	13.0 bp −$1,303	doesn't fit

ZEC on 51 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	−0.3418%	1h	1,485.9	−0.853%	$36K	$267K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,496.2	−0.161%	$63K	$296K	10x	as long as short
Aftermath Perps ZECUSD	−0.0254%	1h	1,498.8	+0.007%	$47K	$76K	10x	as long as short
BloFin ZEC-USDTshort	−0.0178%	8h	1,499.2	+0.035%	$32.0M	$72.0M	75x
Ondo Perps ZEC-USD.P	−0.0146%	1h	1,499.8	+0.077%	$407K	$481K	5x	as long as short
ApeX Omni ZECUSDT	−0.0101%	1h	1,494.7	−0.265%	$408K	$959K	50x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,499.7	+0.071%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,497.8	−0.056%	$412K	$29K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,501.7	+0.206%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.8	+0.009%	$1.5M	$4.9M	2.2x	as long as short

Show all 51 exchanges

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	1,498.1	−0.037%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0055%	8h	1,497.6	−0.067%	$302K	$652K	20x	as long as short
Phoenix ZEC	+0.0064%	1h	1,498.7	+0.003%	$4.8M	$1.3M	10x	as long as short
RISEx ZEC/USDC	+0.0083%	1h	1,500.7	+0.136%	$907K	$1.3M	10x	as long as short
Aster ZECUSDT	+0.0086%	8h	1,501.7	+0.206%	$14.4M	$25.3M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,499.6	+0.065%	$20.1M	$37.5M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,500	+0.089%	$2.1M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,501.7	+0.203%	$170K	$1.3M	50x	as long as short
Gate ZEC_USDT	+0.0098%	8h	1,500.3	+0.111%	$64.9M	$163.6M	75x	as long as short
Katana Perps ZEC-USD	+0.0099%	8h	1,501.2	+0.172%	$23K	$861K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,498.4	−0.018%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,503.7	+0.340%	$3.1M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,499.5	+0.058%	$791.7M	$419.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,499.3	+0.041%	$1.5M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503	+0.292%	$702.1M	$2.12B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.3	+0.311%	$275.4M	$577.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503	+0.292%	$185.8M	$1.25B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,501.1	+0.167%	$600K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,501.7	+0.203%	$777K	$182K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,500.5	+0.125%	$179.7M	$800.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.2	+0.039%	$105.5M	$50.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.1	+0.299%	$164.3M	$269.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,500.2	+0.103%	—	$118.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,498.9	+0.014%	$2.2M	$3.6M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,497.2	−0.094%	$49.5M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.4	−0.284%	$546K	$8.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,499	+0.023%	$3.1M	$649K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,499.7	+0.071%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.3	+0.310%	$369K	$1.4M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.2	−0.027%	$169K	$188K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,497.3	−0.091%	$391K	$494K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499.8	+0.077%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,498	−0.046%	$256K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497	−0.111%	$2.7M	$20.0M	75x	as long as short
Phemex ZECUSDTlong	+0.0100%	8h	1,498.7	long leg	$4.0M	$4.7M	50x
Extended ZEC-USD	+0.0104%	1h	1,500.5	+0.120%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,497.1	−0.101%	$37K	$163K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0157%	1h	1,498.9	+0.016%	$693K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0178%	1h	1,498.5	−0.008%	$18.5M	$45.2M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0205% / S −0.0227%	1h	1,498.3	−0.022%	$348K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0392%	1h	1,500.4	+0.113%	$4.0M	$9.3M	50x	as long as short