Funding you earn now, next payment 08:00 UTC+0.0169%/8h= +18.5% APRnext payment +$1.69 per $10,000 · paid last 24h +0.062%
Price spread now: Phemex against BloFin+0.010%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.010%, 7d avg +0.026%
=The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZEC-USDT | 1,467.3 | −0.0069 | get 0.0069% / 8h | 2h 48m | $29.8M | $70.9M | 75x |
| Short | Phemex ZECUSDT | 1,467.5 | 0.0100 | get 0.0100% / 8h | 2h 48m | $3.9M | $4.7M | 50x |
BloFin ZEC-USDT
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- $35.51
- Price spread: +0.010% → +0.026%
- −$1.56
- Slippage, 4 orders
- −$25.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$15.3
- Costs to cover
- 0.492%
- Break-even
- 10.0 days
Slippage from BloFin: live order book, 6 min ago; Phemex: live order book, 5 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 BloFin live order book, 6 min ago | 0.03 bp | 6.1 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.30 bp | 21.6 bp −$22 | doesn't fit | 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 | −0.3243% | 1h | 1,469.3 | +0.135% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.6 | +0.020% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDTlong | −0.0069% | 8h | 1,467.3 | long leg | $29.8M | $70.9M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.4 | −0.063% | $408K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.6 | +0.153% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,465.8 | −0.106% | $84K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,467.8 | +0.029% | $618K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,465.9 | −0.100% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,466.9 | −0.029% | $8K | $7K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,467 | −0.023% | $293K | $900K | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,465.6 | −0.119% | $4.7M | $1.3M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0093% / S −0.0046% | 1h | 1,465.8 | −0.103% | $437K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,468.2 | +0.060% | $2.1M | $7.1M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.6 | −0.048% | $174K | $1.6M | 50x | as long as short |
| Bybit ZECUSDT | +0.0099% | 8h | 1,465.1 | −0.151% | $262.5M | $586.7M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,467.6 | +0.016% | $12K | $797K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.7 | −0.040% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.3 | +0.001% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467 | −0.022% | $763.8M | $418.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.9 | −0.098% | $14.5M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.8 | −0.034% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.8 | −0.102% | $676.2M | $2.17B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,465.5 | −0.127% | $178.5M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,466.2 | −0.076% | $398K | $430K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,464.4 | −0.198% | $885K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,466.7 | −0.046% | $52.7M | $169.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.8 | −0.103% | $219.0M | $757.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.2 | −0.076% | $103.2M | $52.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.2 | −0.079% | $166.6M | $267.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.3 | −0.001% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,469.8 | +0.169% | $48.2M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.8 | −0.103% | $572K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.6 | +0.084% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.8 | +0.166% | $406K | $923K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,468.1 | +0.052% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.4 | −0.063% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,465.7 | −0.108% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.2 | −0.080% | $448K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470 | +0.181% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467 | −0.020% | $235K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.4 | −0.066% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,467.5 | +0.010% | $3.9M | $4.7M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.8 | −0.037% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467 | −0.021% | $47K | $151K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0147% | 1h | 1,467.1 | −0.015% | $18.0M | $45.6M | 25x | as long as short |
| Lighter ZEC | +0.0152% | 1h | 1,468.1 | +0.052% | $19.4M | $43.8M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,466.9 | −0.027% | $927K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0301% | 1h | 1,467.6 | +0.016% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,470.6 | +0.226% | $3.8M | $9.2M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,468.3 | +0.066% | $668K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0675% | 1h | 1,466.8 | −0.036% | $45K | $49K | 10x | as long as short |
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZEC
Popdex ZECUSDT
Bybit ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance 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
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
Lighter ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD