ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0203%/8h= +22.2% APRnext payment +$0.25 per $10,000 · paid last 24h +0.018%

Price spread now: Arcus against Phoenix+0.045%49s7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$240.238% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.123%−$12 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.045%, 7d avg −0.089%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Arcus is 0.134% dearer against Phoenix than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.089%. Mind the row above: over the last 4 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour. The two prices were read 49 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	1,458.4	0.0074	pay 0.0009% / 1h	10m 08s	$4.6M	$1.4M	10x
Short	Arcus ZEC-USD	1,459	0.0277	get 0.0035% / 1h	10m 08s	$712K	$8.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.045%Rate

Funding earned: $42.65
Price spread: +0.045% → −0.089%: $13.43
Slippage, 4 orders: −$12.33
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $32.25
Costs to cover: 0.238%
Break-even: 1.7 days

Slippage from Phoenix: live order book, 4 min ago; Arcus: 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 Phoenix live order book, 4 min ago	1.92 bp	6.8 bp −$7	15.9 bp −$159	136.3 bp −$13.6K	doesn't fit
Sell Arcus live order book, 4 min ago	0.51 bp	5.6 bp −$6	14.1 bp −$141	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	−0.3244%	1h	1,441.1	−1.183%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,457.8	−0.041%	$29.4M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.5	−0.060%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.1	−0.017%	$411K	$42K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.7	−0.047%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.8	−0.112%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.9	−0.104%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0052%	8h	1,456.8	−0.110%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,456.6	−0.122%	$409K	—	100x	as long as short
Phoenix ZEClong	+0.0074%	1h	1,458.4	long leg	$4.6M	$1.4M	10x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,457.6	−0.054%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,457.2	−0.082%	$13K	$866K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.1	−0.020%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458	−0.027%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,457.2	−0.082%	$757.2M	$434.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.7	−0.117%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.8	−0.038%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.1	−0.090%	$668.0M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.5	−0.128%	$263.2M	$605.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.6	−0.125%	$178.2M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.3	−0.212%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.064%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.7	−0.117%	$50.2M	$175.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.1	−0.091%	$214.1M	$780.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.6	−0.053%	$102.1M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.7	−0.113%	$161.8M	$273.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.5	−0.130%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,456.4	−0.138%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.7	−0.117%	$567K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.122%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.2	−0.152%	$410K	$911K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.4	−0.070%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.5	−0.061%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	−0.097%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.8	−0.179%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.7	+0.087%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.3	−0.073%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.3	−0.075%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.2	−0.080%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.6	−0.122%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.7	−0.115%	$47K	$153K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0109%	1h	1,457.3	−0.077%	$2.4M	$3.8M	15x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,457.9	−0.035%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457.1	−0.091%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,458.4	0.000%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USDshort	+0.0277%	1h	1,459	+0.045%	$712K	$8.5M	10x
Lighter RH ZEC	+0.0352%	1h	1,458.8	+0.027%	$2.0M	$6.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0405%	1h	1,457.7	−0.044%	$613K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,458.2	−0.016%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,458.4	+0.003%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0690%	1h	1,458	−0.027%	$45K	$49K	10x	as long as short