ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h −0.023%

Price spread now: StandX against Phoenix−0.242%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Phoenix Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.317%−$32 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.242%, 7d avg −0.125%

Together, before fees−0.247%+ Points / potential airdropStandX: Active · farm board−$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.116% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.242% now, against its 7-day average of −0.125%). If the spread goes back, that is −$12 on $10k: about 16 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.317%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ZEC	1,473.5	0.0075	pay 0.0009% / 1h	4m 48s	$4.6M	$1.6M	10x
Short	StandX ZEC-USD	1,470	0.0100	get 0.0013% / 1h	4m 48s	$110K	$4.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.242%Rate

Funding earned: $5.16
Price spread: −0.242% → −0.125%: −$11.62
Slippage, 4 orders: −$18.93
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: −$40.4
Costs to cover: 0.339%
Break-even: 61.8 days

Slippage from Phoenix: live order book, 4 min ago; StandX: 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	2.11 bp	7.2 bp −$7	16.3 bp −$163	115.7 bp −$11.6K	doesn't fit
Sell StandX live order book, 4 min ago	5.04 bp	10.4 bp −$10	12.9 bp −$129	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	−0.3310%	1h	1,472	−0.104%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0403%	1h	1,471.7	−0.125%	$17.9M	$44.9M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0258%	1h	1,470.5	−0.204%	$398K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0108%	8h	1,471.5	−0.140%	$29.3M	$75.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	−0.060%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0075%	8h	1,470.7	−0.190%	$272.4M	$665.8M	75x	as long as short
Variational Omni ZEC	−0.0036%	8h	1,470.8	−0.186%	$46.7M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,472.4	−0.079%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473	−0.035%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.3	−0.080%	$84K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,472.4	−0.073%	$599K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.5	−0.069%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0009%	8h	1,471.8	−0.116%	$294K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,472.3	−0.080%	$360K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,471.1	−0.166%	$178.4M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,471.3	−0.149%	$50.2M	$187.6M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473	−0.033%	$8K	$8K	5x	as long as short
Phoenix ZEClong	+0.0075%	1h	1,473.5	long leg	$4.6M	$1.6M	10x
Popdex ZECUSDT	+0.0096%	1h	1,472.4	−0.076%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473	−0.033%	$11K	$822K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.1	−0.164%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.3	−0.016%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.5	−0.069%	$764.1M	$479.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.7	−0.122%	$15.6M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.8	−0.116%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.2	−0.156%	$678.9M	$2.47B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.7	−0.392%	$906K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.2	−0.156%	$222.9M	$872.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.4	−0.141%	$103.9M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.6	−0.130%	$162.8M	$304.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,470.8	−0.185%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.6	−0.332%	$512K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.9	−0.312%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.2	−0.295%	$431K	$826K	50x	as long as short
StandX ZEC-USDshort	+0.0100%	1h	1,470	−0.242%	$110K	$4.8M	30x
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.4	−0.075%	$348K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.1	−0.098%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.3	−0.215%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.8	+0.089%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.4	−0.144%	$226K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.9	−0.109%	$2.5M	$23.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.2	−0.092%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.7	−0.121%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.2	−0.156%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,473.3	−0.011%	$19.1M	$52.8M	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,473	−0.033%	$835K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0204%	1h	1,472.3	−0.080%	$2.4M	$3.7M	15x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,473.8	+0.016%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,474	+0.036%	$3.8M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,473.5	+0.002%	$715K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0605%	1h	1,470.4	−0.211%	$41K	$34K	10x	as long as short