Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.7% APRnext payment +$0.42 per $10,000 · paid last 24h −0.003%
Price spread now: RISEx against Phoenix−0.298%50s7-day average −0.108% · 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−$230.234% of the position
Funding, last 4 days (all we have)+0.017%+$2 on $10k
+Price spread, last 7 days+0.141%+$14 · spread now −0.298%, 7d avg −0.108%
=Funding pays, the price is against you. RISEx is 0.190% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.298% now, against its 7-day average of −0.108%). If the spread goes back, that is −$19 on $10k: about 45 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.017% in total) that is about 40 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.017% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ZEC | 1,459.6 | 0.0074 | pay 0.0009% / 1h | 26m 03s | $4.6M | $1.4M | 10x |
| Short | RISEx ZEC/USDC | 1,455.2 | 0.0409 | get 0.0051% / 1h | 26m 03s | $832K | $1.0M | 10x |
Phoenix ZEC
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $70.43
- Price spread: −0.298% → −0.108%
- −$18.96
- Slippage, 4 orders
- −$10.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $28.03
- Costs to cover
- 0.234%
- Break-even
- 4.2 days
Slippage from Phoenix: live order book, 3 min ago; RISEx: 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 | 1.51 bp | 6.1 bp −$6 | 13.4 bp −$134 | 112.2 bp −$11.2K | doesn't fit |
| Sell RISEx live order book, 3 min ago | 2.57 bp | 5.6 bp −$6 | 9.7 bp −$97 | 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 | 1,457.3 | −0.157% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0083% | 8h | 1,455.2 | −0.300% | $29.1M | $70.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.8 | −0.325% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.5 | −0.348% | $410K | $43K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.2 | −0.299% | $1.5M | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454.5 | −0.349% | $83K | $243K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.3 | −0.289% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0045% | 8h | 1,456 | −0.245% | $291K | $969K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,455.1 | −0.309% | $408K | — | 100x | as long as short |
| Phoenix ZEClong | +0.0074% | 1h | 1,459.6 | long leg | $4.6M | $1.4M | 10x |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | +0.0094% | 1h | 1,456.7 | −0.197% | $410K | $911K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.7 | −0.333% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,455.6 | −0.273% | $23K | $862K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454.9 | −0.318% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455 | −0.313% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,457.9 | −0.114% | $763.0M | $438.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,455.9 | −0.247% | $14.4M | $28.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.8 | −0.327% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.6 | −0.200% | $667.2M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,456.3 | −0.223% | $266.0M | $605.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,456.7 | −0.193% | $178.5M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,454.2 | −0.367% | $395K | $431K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,451.2 | −0.571% | $879K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456 | −0.244% | $49.5M | $173.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457 | −0.177% | $213.5M | $776.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.8 | −0.256% | $102.0M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.9 | −0.182% | $161.9M | $274.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,454.6 | −0.340% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.6 | −0.204% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,455 | −0.315% | $47.0M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457 | −0.174% | $567K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.5 | −0.211% | $3.0M | $432K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,455.3 | −0.289% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.4 | −0.354% | $331K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.1 | −0.303% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.6 | −0.341% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.2 | −0.165% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455.9 | −0.249% | $233K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,454 | −0.378% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.1 | −0.240% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,456.6 | −0.206% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,455.7 | −0.266% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,455.2 | −0.296% | $8K | $7K | 5x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,457.4 | −0.150% | $19.1M | $46.6M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,455.9 | −0.249% | $18.0M | $44.6M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,456.5 | −0.210% | $712K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,457.8 | −0.119% | $2.0M | $6.9M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0377% | 1h | 1,456.7 | −0.198% | $612K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDCshort | +0.0409% | 1h | 1,455.2 | −0.298% | $832K | $1.0M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,456.1 | −0.234% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0692% | 1h | 1,455.9 | −0.250% | $45K | $49K | 10x | as long as short |
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
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
01 Exchange ZECUSD
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD