Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Gate against Phemex−0.051%49s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$580.580% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)−0.418%−$42 · spread now −0.051%, 7d avg −0.031%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,505.8 | 0.0100 | pay 0.0100% / 8h | 5h 08m | $4.0M | $4.7M | 50x |
| Short | Gate ZEC_USDT | 1,505 | 0.0100 | get 0.0100% / 8h | 5h 08m | $64.2M | $175.4M | 75x |
Phemex ZECUSDT
Gate ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.051% → −0.031%
- −$2
- Slippage, 4 orders
- −$30.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$59.96
- Costs to cover
- 0.580%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 2.29 bp | 15.6 bp −$16 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 0.27 bp | 11.2 bp −$11 | 14.1 bp −$141 | 29.6 bp −$2,964 | 53.6 bp −$26.8K |
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 | 1,487.6 | −1.205% | $36K | $267K | 12x | as long as short |
| Aftermath Perps ZECUSD | −0.0274% | 1h | 1,505.4 | −0.026% | $49K | $74K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0200% | 8h | 1,505.6 | −0.012% | $31.8M | $72.6M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0122% | 1h | 1,505.6 | −0.013% | $408K | $498K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.1 | −0.177% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,505.6 | −0.015% | $415K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.9 | +0.008% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,504.2 | −0.108% | $63K | $298K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,505.1 | −0.046% | $5.3M | — | 150x | as long as short |
| ApeX Omni ZECUSDT | +0.0015% | 1h | 1,505.7 | −0.009% | $413K | $951K | 50x | as long as short |
Injective ZEC/USDC PERP
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
ApeX Omni ZECUSDTShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,506.8 | +0.064% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,505 | −0.054% | $895K | $1.3M | 10x | as long as short |
| Phoenix ZEC | +0.0060% | 1h | 1,508.2 | +0.157% | $4.8M | $1.3M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0061% | 8h | 1,504.9 | −0.062% | $304K | $715K | 20x | as long as short |
| Aster ZECUSDT | +0.0086% | 8h | 1,505.1 | −0.048% | $14.4M | $26.0M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,507.1 | +0.085% | $19.9M | $39.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,507.2 | +0.096% | $2.1M | $7.2M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.6 | −0.015% | $170K | $1.3M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,505.1 | −0.046% | $28K | $859K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0098% | 1h | 1,505.8 | +0.001% | $18.6M | $45.4M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.7 | −0.007% | $62K | $14K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,506.1 | +0.023% | $3.1M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,506.1 | +0.021% | $794.4M | $420.5M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,506.1 | +0.021% | $1.6M | $2.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,505.1 | −0.044% | $705.0M | $2.13B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,504.7 | −0.070% | $275.4M | $579.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,504.9 | −0.062% | $187.3M | $1.26B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,506.6 | +0.053% | $594K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,506.6 | +0.051% | $780K | $182K | 10x | as long as short |
| Gate ZEC_USDTshort | +0.0100% | 8h | 1,505 | −0.051% | $64.2M | $175.4M | 75x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.6 | −0.011% | $180.7M | $844.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,505.4 | −0.025% | $106.0M | $51.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505 | −0.052% | $164.4M | $271.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,504.1 | −0.116% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,505.9 | +0.007% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,505.7 | −0.008% | $49.6M | $33.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,506.6 | +0.054% | $550K | $8.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,507.1 | +0.085% | $3.1M | $635K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,507.4 | +0.105% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,505.4 | −0.026% | $369K | $1.4M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,505.2 | −0.039% | $169K | $189K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,507.1 | +0.088% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,505.2 | −0.042% | $258K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,503.8 | −0.133% | $2.7M | $20.1M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,505.8 | long leg | $4.0M | $4.7M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,506 | +0.017% | $2.7M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,504.6 | −0.078% | $37K | $163K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0161% | 1h | 1,505.7 | −0.009% | $695K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0198% / S −0.0216% | 1h | 1,504.9 | −0.060% | $349K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,507 | +0.081% | $3.9M | $9.3M | 50x | as long as short |
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
Orderly PERP_ZEC_USDC
Aster ZECUSDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Kraken Futures PF_ZECUSD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX