Funding you earn now, next payment 00:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.078%
Price spread now: Phoenix against BloFin+0.076%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs+$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days+0.743%+$74 on $10k
+Price spread, last 3 days (all we have)−0.484%−$48 · spread now +0.076%, 7d avg +0.080%
=The price spread sits at its 7-day average of +0.080%, 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 | 1,469.7 | −0.0102 | get 0.0102% / 8h | 7h 30m | $29.7M | $73.1M | 75x |
| Short | Phoenix ZEC | 1,470.8 | 0.0054 | get 0.0007% / 1h | 30m 41s | $4.7M | $1.6M | 10x |
BloFin ZEC-USDT
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $32.75
- Price spread: +0.076% → +0.080%
- −$0.39
- Slippage, 4 orders
- −$5.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $7.95
- Costs to cover
- 0.244%
- Break-even
- 5.3 days
Slippage from BloFin: live order book, 3 min ago; Phoenix: 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 BloFin live order book, 3 min ago | 0.07 bp | 6.1 bp −$6 | 7.3 bp −$73 | 13.9 bp −$1,394 | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 1.50 bp | 6.1 bp −$6 | 13.5 bp −$135 | 109.0 bp −$10.9K | 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 | 1,472.2 | +0.171% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,469.4 | −0.020% | $17.9M | $42.9M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0119% | 1h | 1,467.9 | −0.120% | $399K | $518K | 5x | as long as short |
| BloFin ZEC-USDTlong | −0.0102% | 8h | 1,469.7 | long leg | $29.7M | $73.1M | 75x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.9 | +0.014% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0062% | 8h | 1,469.8 | +0.006% | $274.1M | $634.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0053% | 8h | 1,469 | −0.042% | $47.6M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.9 | +0.016% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,470.4 | +0.046% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.8 | +0.011% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,469.6 | −0.003% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,469.4 | −0.016% | $293K | $1.3M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,470.2 | +0.038% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0047% | 8h | 1,469.8 | +0.009% | $181.8M | $1.30B | 50x | as long as short |
| Phoenix ZECshort | +0.0054% | 1h | 1,470.8 | +0.076% | $4.7M | $1.6M | 10x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,469.8 | +0.012% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.6 | −0.004% | $176K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,469.5 | −0.012% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.2 | +0.038% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.6 | −0.005% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.5 | +0.125% | $763.1M | $455.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.3 | +0.042% | $14.9M | $31.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.5 | +0.058% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.1 | +0.028% | $684.0M | $2.38B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.6 | +0.132% | $699K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471 | +0.089% | $895K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,470.5 | +0.057% | $51.3M | $179.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.2 | +0.033% | $231.4M | $825.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.7 | +0.067% | $104.4M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.2 | +0.037% | $163.5M | $292.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.3 | +0.041% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.4 | −0.085% | $571K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | −0.093% | $3.0M | $466K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.9 | +0.014% | $430K | $866K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.6 | +0.063% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.4 | −0.018% | $333K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.8 | +0.007% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.5 | −0.148% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.8 | +0.146% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.3 | −0.026% | $242K | $4.0M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470 | +0.019% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.1 | +0.026% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.4 | +0.048% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.1 | −0.041% | $56K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0109% | 1h | 1,470 | +0.025% | $605K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,471.7 | +0.137% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,470.6 | +0.062% | $850K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,471.8 | +0.145% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0524% | 1h | 1,470.1 | +0.030% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0774% | 1h | 1,470.9 | +0.082% | $44K | $47K | 10x | as long as short |
| Lighter RH ZEC | +0.0792% | 1h | 1,472.9 | +0.219% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk 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
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