Funding you earn now, next payment 10:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h −0.056%
Price spread now: ApeX Omni against Phoenix−0.058%7-day average −0.257% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days−1.478%−$148 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now −0.058%, 7d avg −0.257%
=The price spread pays, funding is against you. ApeX Omni is 0.200% dearer against Phoenix than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.257%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−1.478% in total) that is about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ZEC | 1,505.6 | 0.0060 | pay 0.0008% / 1h | 6m 09s | $4.8M | $1.3M | 10x |
| Short | ApeX Omni ZECUSDT | 1,504.7 | 0.0002 | get 0.0000% / 1h | 6m 09s | $412K | $951K | 50x |
Phoenix ZEC
ApeX Omni ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$12.24
- Price spread: −0.058% → −0.257%
- $19.96
- Slippage, 4 orders
- −$15.27
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$24.55
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 6 min ago; ApeX Omni: live order book, 41 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, 6 min ago | 2.06 bp | 6.7 bp −$7 | 13.9 bp −$139 | 111.6 bp −$11.2K | doesn't fit |
| Sell ApeX Omni live order book, 41 min ago | 3.93 bp | 8.9 bp −$9 | 29.7 bp −$297 | doesn't fit | 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 | −0.4130% | 1h | 1,487.6 | −1.193% | $36K | $267K | 12x | as long as short |
| Aftermath Perps ZECUSD | −0.0277% | 1h | 1,504.7 | −0.061% | $49K | $74K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0200% | 8h | 1,502.9 | −0.178% | $31.8M | $72.2M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0123% | 1h | 1,505.6 | 0.000% | $408K | $498K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.1 | −0.165% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502.8 | −0.183% | $414K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,503.3 | −0.154% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,503.5 | −0.141% | $63K | $298K | 10x | as long as short |
| ApeX Omni ZECUSDTshort | +0.0002% | 1h | 1,504.7 | −0.058% | $412K | $951K | 50x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,501.8 | −0.251% | $5.3M | — | 150x | 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/USDShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,503.9 | −0.111% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,503.5 | −0.141% | $894K | $1.3M | 10x | as long as short |
| Phoenix ZEClong | +0.0060% | 1h | 1,505.6 | long leg | $4.8M | $1.3M | 10x | |
| Orderly PERP_ZEC_USDC | +0.0061% | 8h | 1,502.2 | −0.224% | $303K | $715K | 20x | as long as short |
| Aster ZECUSDT | +0.0085% | 8h | 1,502.2 | −0.228% | $14.4M | $26.0M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,503.3 | −0.150% | $19.9M | $39.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,503.3 | −0.154% | $2.1M | $7.2M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.1 | −0.165% | $170K | $1.3M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,503.4 | −0.144% | $27K | $859K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,502.9 | −0.181% | $18.6M | $45.4M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,503.3 | −0.150% | $62K | $14K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.1 | −0.167% | $3.1M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,502.6 | −0.199% | $792.7M | $420.7M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,503.3 | −0.155% | $1.6M | $2.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,502.2 | −0.225% | $703.6M | $2.13B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,501.3 | −0.284% | $274.7M | $578.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,501.6 | −0.266% | $186.8M | $1.26B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,504 | −0.103% | $598K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,506.6 | +0.064% | $780K | $182K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,501.9 | −0.244% | $64.1M | $175.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502.1 | −0.232% | $179.8M | $844.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,502.2 | −0.227% | $105.7M | $51.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,501.8 | −0.252% | $164.0M | $270.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,502.3 | −0.220% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,502.3 | −0.222% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,505.7 | +0.005% | $49.6M | $33.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.8 | −0.055% | $550K | $8.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.8 | +0.079% | $3.1M | $635K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.5 | −0.138% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,502.4 | −0.213% | $368K | $1.4M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,502.5 | −0.204% | $168K | $189K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,503.9 | −0.110% | $393K | $492K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,504.7 | −0.063% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,502.3 | −0.219% | $257K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,501.2 | −0.290% | $2.7M | $20.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,502.7 | −0.190% | $4.0M | $4.7M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,502.2 | −0.225% | $2.7M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.1 | −0.235% | $37K | $163K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0132% | 1h | 1,502.9 | −0.177% | $693K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0199% / S −0.0218% | 1h | 1,502.5 | −0.205% | $349K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,504.4 | −0.077% | $3.9M | $9.2M | 50x | as long as short |
01 Exchange ZECUSD
RISEx ZEC/USDC
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
Gate ZEC_USDT
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX