Funding you earn now, next payment 07:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h −0.002%
Price spread now: Deribit against Phemex+0.020%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.020%, 7d avg +0.039%
=The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,485.1 | 0.0100 | pay 0.0100% / 8h | 1h 46m | $4.0M | $5.0M | 50x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,485.4 | 0.0266 | get 0.0033% / 1h | 46m 01s | $706K | $1.4M | 25x |
Phemex ZECUSDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Phemex. 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
- $34.94
- Price spread: +0.020% → +0.039%
- −$1.9
- Slippage, 4 orders
- −$29.26
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.22
- Costs to cover
- 0.483%
- Break-even
- 10.0 days
Slippage from Phemex: live order book, 3 min ago; Deribit: 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 Phemex live order book, 3 min ago | 1.01 bp | 15.7 bp −$16 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 2.90 bp | 6.4 bp −$6 | 14.0 bp −$140 | 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 | −0.3684% | 1h | 1,484.2 | −0.065% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0118% | 8h | 1,483.9 | −0.085% | $30.7M | $73.8M | 75x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | +0.371% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,484.8 | −0.024% | $18.0M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,483.8 | −0.091% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,483.9 | −0.082% | $412K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,485.3 | +0.009% | $1.6M | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,483.3 | −0.126% | $61K | $297K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,484.9 | −0.018% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0073% | 8h | 1,484.3 | −0.055% | $298K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,484.6 | −0.038% | $158K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,484.9 | −0.015% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,484.8 | −0.026% | $13.9M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,484.8 | −0.026% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,485 | −0.007% | $691.2M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,484.9 | −0.016% | $269.7M | $627.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,484.6 | −0.040% | $179.9M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,484.9 | −0.016% | $405K | $508K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,485.2 | +0.005% | $54.3M | $180.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,484.1 | −0.073% | $236.9M | $776.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,485 | −0.013% | $102.0M | $56.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,485 | −0.011% | $160.2M | $288.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,485.1 | −0.003% | — | $114.5M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,485.7 | +0.037% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,483 | −0.145% | $48.4M | $33.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,484.5 | −0.041% | $568K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,485.3 | +0.011% | $3.0M | $488K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,484.3 | −0.060% | $411K | $932K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,484.6 | −0.034% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,484.1 | −0.070% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,485 | −0.009% | $163K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,483.5 | −0.110% | $453K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,486.9 | +0.117% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,485.1 | −0.001% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,484.2 | −0.061% | $2.6M | $19.5M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,485.1 | long leg | $4.0M | $5.0M | 50x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,484.6 | −0.039% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,484.2 | −0.067% | $11K | $864K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,484.1 | −0.070% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,484.5 | −0.045% | $43K | $152K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,484.9 | −0.018% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0123% / S −0.0110% | 1h | 1,484.6 | −0.039% | $430K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,484.7 | −0.026% | $929K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,484.9 | −0.015% | $4.7M | $1.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0179% | 1h | 1,486.7 | +0.105% | $772.3M | $440.7M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0192% | 1h | 1,485.8 | +0.042% | $48K | $63K | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,486.5 | +0.090% | $623K | $8.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0266% | 1h | 1,485.4 | +0.020% | $706K | $1.4M | 25x | |
| Lighter RH ZEC | +0.0312% | 1h | 1,486.3 | +0.075% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0328% | 1h | 1,486.3 | +0.081% | $19.4M | $45.5M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,485.8 | +0.044% | $3.6M | $9.9M | 50x | as long as short |
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Phoenix ZEC
Hyperliquid ZEC
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX