ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Aevo against Phoenix+0.104%66s7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as 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−$580.576% of the position

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.403%−$40 on $10k

Price spread, last 4 days (all we have)+0.255%+$26 · spread now +0.104%, 7d avg −0.083%

Together, before fees−0.148%−$15 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: Aevo is 0.187% dearer against Phoenix than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.083%. The two prices were read 66 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	Phoenix ZEC	1,505.9	0.0096	pay 0.0012% / 1h	14m 18s	$4.8M	$1.4M	10x
Short	Aevo ZEC-PERP	1,507.4	0.0104	get 0.0013% / 1h	14m 18s	$43K	$151K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now +0.104%Rate

Funding earned: $1.77
Price spread: +0.104% → −0.083%: $18.72
Slippage, 4 orders: −$34.58
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$37.09
Costs to cover: 0.576%
Break-even: 154.0 days

Slippage from Phoenix: live order book, 5 min ago; Aevo: live order book, 24 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 Phoenix live order book, 5 min ago	1.60 bp	6.3 bp −$6	13.8 bp −$138	91.8 bp −$9,178	doesn't fit
Sell Aevo live order book, 24 min ago	6.99 bp	28.3 bp −$28	42.8 bp −$428	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	−0.3442%	1h	1,479.6	−1.745%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,506.1	+0.019%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0171%	8h	1,509	+0.205%	$31.1M	$76.4M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.674%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0084%	1h	1,502	−0.256%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.2	−0.044%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,507.3	+0.099%	$419K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,511.3	+0.362%	$1.5M	$4.4M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,507.8	+0.127%	$689K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,507.4	+0.104%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,507.8	+0.131%	$18.1M	$47.4M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0063%	1h	1,507.4	+0.102%	$411K	$559K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,507.2	+0.087%	$303K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,508.5	+0.177%	$8K	$6K	5x	as long as short
Phoenix ZEClong	+0.0096%	1h	1,505.9	long leg	$4.8M	$1.4M	10x
Lighter RH ZEC	+0.0096%	1h	1,509.3	+0.229%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,507.7	+0.120%	$177K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,508.3	+0.165%	$14K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,508	+0.140%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,508.1	+0.150%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,508.5	+0.175%	$789.6M	$441.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,506.9	+0.067%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,508.2	+0.158%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,507.6	+0.112%	$705.3M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,506.6	+0.051%	$271.9M	$620.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,507.4	+0.103%	$184.0M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,507.2	+0.088%	$58.7M	$187.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,507.6	+0.118%	$240.3M	$806.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,507.6	+0.114%	$103.6M	$56.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,507.2	+0.089%	$162.9M	$289.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,507.3	+0.096%	—	$117.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.9	−0.261%	$49.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,504.6	−0.085%	$576K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.1	−0.186%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	−0.100%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505	−0.058%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,507.6	+0.116%	$363K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,507.2	+0.092%	$170K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.4	+0.033%	$460K	$438K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,509.6	+0.246%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,507.3	+0.094%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,507.8	+0.128%	$2.7M	$20.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,507.7	+0.120%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,507.4	+0.100%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERPshort	+0.0104%	1h	1,507.4	+0.104%	$43K	$151K	20x
RISEx ZEC/USDC	+0.0128%	1h	1,508.4	+0.171%	$950K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0147% / S −0.0144%	1h	1,506	+0.010%	$335K	—	100x	as long as short
Lighter ZEC	+0.0208%	1h	1,508.6	+0.184%	$19.9M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,508.6	+0.179%	$608K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,508.6	+0.182%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0497%	1h	1,509.1	+0.216%	$2.4M	$3.8M	15x	as long as short