Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.017%
Price spread now: Nado against Phoenix−0.270%57s7-day average −0.097% · you buy dearer than you sell
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−$220.221% of the position
Funding, last 3 days (all we have)−0.158%−$16 on $10k
+Price spread, last 7 days+0.145%+$15 · spread now −0.270%, 7d avg −0.097%
=Together, before fees−0.013%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.174% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.270% now, against its 7-day average of −0.097%). If the spread goes back, that is −$17 on $10k: about 13 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour. The two prices were read 57 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 | 1,473.1 | 0.0054 | pay 0.0007% / 1h | 25m 43s | $4.7M | $1.6M | 10x |
| Short | Nado ZEC-PERP | 1,469.2 | 0.0100 | get 0.0012% / 1h | 25m 43s | $2.6M | $6.6M | 10x |
Phoenix ZEC
Nado ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $9.58
- Price spread: −0.270% → −0.097%
- −$17.36
- Slippage, 4 orders
- −$8.1
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$29.88
- Costs to cover
- 0.221%
- Break-even
- 28.8 days
Slippage from Phoenix: live order book, 3 min ago; Nado: 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 Phoenix live order book, 3 min ago | 1.63 bp | 6.3 bp −$6 | 14.2 bp −$142 | 119.4 bp −$11.9K | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.14 bp | 4.3 bp −$4 | 11.4 bp −$114 | 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 | −0.3321% | 1h | 1,471.8 | −0.092% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,468.9 | −0.285% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0110% | 1h | 1,466.9 | −0.424% | $399K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,469.8 | −0.225% | $29.7M | $73.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.3 | −0.258% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0047% | 8h | 1,468.5 | −0.315% | $47.6M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.1 | −0.277% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.6 | −0.238% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.2 | −0.265% | $83K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,469.2 | −0.271% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,469 | −0.280% | $8K | $8K | 5x | as long as short |
| Bybit ZECUSDT | +0.0009% | 8h | 1,468.2 | −0.335% | $273.6M | $633.6M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,468.8 | −0.297% | $293K | $1.2M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,468.3 | −0.330% | $181.9M | $1.30B | 50x | as long as short |
| Phoenix ZEClong | +0.0054% | 1h | 1,473.1 | long leg | $4.7M | $1.6M | 10x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,469.2 | −0.268% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469 | −0.280% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468.1 | −0.340% | $20K | $838K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.9 | −0.287% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERPshort | +0.0100% | 1h | 1,469.2 | −0.270% | $2.6M | $6.6M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470 | −0.213% | $762.3M | $455.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.8 | −0.292% | $14.9M | $31.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469 | −0.283% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.6 | −0.307% | $683.8M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470.3 | −0.191% | $700K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468.4 | −0.323% | $51.2M | $179.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.7 | −0.305% | $230.8M | $826.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.5 | −0.314% | $104.6M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.5 | −0.315% | $163.4M | $292.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,468.6 | −0.310% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.8 | −0.156% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.9 | −0.150% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470.1 | −0.208% | $430K | $868K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.6 | −0.176% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.9 | −0.288% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.9 | −0.285% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.2 | −0.404% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471 | −0.147% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.7 | −0.299% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.281% | $2.5M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.5 | −0.250% | $3.9M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | −0.098% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.6 | −0.308% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.9 | −0.290% | $54K | $168K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0124% | 1h | 1,469.6 | −0.239% | $604K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,470.2 | −0.201% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,468.9 | −0.290% | $852K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,471.3 | −0.126% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0536% | 1h | 1,469.6 | −0.241% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0768% | 1h | 1,470.5 | −0.179% | $43K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0784% | 1h | 1,471.1 | −0.139% | $2.0M | $8.1M | 10x | as long as short |
01 Exchange ZECUSD
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC