ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h +0.015%

Price spread now: Phoenix against Aevo−0.030%7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 3 days (all we have)−0.329%−$33 · spread now −0.030%, 7d avg +0.086%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.116% cheaper against Aevo than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.086%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.418%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,467.1	0.0104	pay 0.0013% / 1h	4m 25s	$48K	$158K	20x
Short	Phoenix ZEC	1,466.6	0.0070	get 0.0009% / 1h	4m 25s	$4.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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 AevobpFee PhoenixbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$7.1
Price spread: −0.030% → +0.086%: −$11.61
Slippage, 4 orders: −$21.74
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$63.45
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from Aevo: live order book, 64 min ago; Phoenix: 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 Aevo live order book, 64 min ago	3.23 bp	15.5 bp −$16	26.3 bp −$263	39.7 bp −$3,972	doesn't fit
Sell Phoenix live order book, 4 min ago	1.84 bp	6.8 bp −$7	15.7 bp −$157	54.9 bp −$5,489	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,452	−1.025%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.9	+0.126%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0036%	1h	1,464.8	−0.154%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,467.9	+0.059%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.5	+0.100%	$414K	$51K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,467.4	+0.022%	$971K	$4.8M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.5	+0.165%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.1	+0.210%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,467.1	+0.006%	$293K	$991K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,470	+0.201%	$384K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,469	+0.133%	$8K	$8K	5x	as long as short
Phoenix ZECshort	+0.0070%	1h	1,466.6	−0.030%	$4.6M	$1.5M	10x
Variational Omni ZEC	+0.0072%	8h	1,466.6	−0.029%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0092%	8h	1,469.9	+0.196%	$181.0M	$1.25B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.6	+0.171%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.2	+0.081%	$17K	$846K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	+0.063%	$61K	$40K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,469.8	+0.184%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470.9	+0.262%	$766.2M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.4	+0.091%	$14.8M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.3	+0.087%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,469.8	+0.188%	$679.2M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,469.9	+0.193%	$271.8M	$608.7M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.032%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,468.5	+0.100%	$50.1M	$177.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469.8	+0.189%	$216.7M	$802.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469.7	+0.182%	$103.3M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.2	+0.214%	$163.3M	$277.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,468.6	+0.107%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.072%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.5	+0.031%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.052%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.1	0.000%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.6	+0.174%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.8	+0.186%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465	−0.139%	$447K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469	+0.135%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.5	+0.033%	$242K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,465.8	−0.086%	$2.5M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468.6	+0.108%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.9	+0.123%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,467.1	long leg	$48K	$158K	20x
Lighter ZEC	+0.0224%	1h	1,469.5	+0.167%	$19.2M	$48.3M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0243%	1h	1,468.1	+0.068%	$611K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,470.3	+0.223%	$696K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,469.7	+0.181%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,469.6	+0.175%	$852K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0417%	1h	1,468.8	+0.120%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,468.8	+0.118%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0733%	1h	1,469.9	+0.193%	$43K	$46K	10x	as long as short