Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.060%
Price spread now: Phoenix against Hotstuff+0.243%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.243% dearer against Hotstuff than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ZEC-PERP | 1,454 | −0.0080 | get 0.0010% / 1h | 50m 09s | $6K | $1K | 10x |
| Short | Phoenix ZEC | 1,457.5 | 0.0116 | get 0.0015% / 1h | 50m 09s | $4.6M | $1.3M | 10x |
Hotstuff ZEC-PERP
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Hotstuff. 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
- $41.19
- Price spread: +0.243% → 0.000%
- $24.28
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $53.47
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Phoenix: live order book, 9 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 9 min ago | 1.51 bp | 6.1 bp −$6 | 13.4 bp −$134 | 50.5 bp −$5,053 | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3042% | 1h | 1,455.4 | +0.098% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERPlong | −0.0080% | 1h | 1,454 | long leg | $6K | $1K | 10x | |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,454.2 | +0.019% | $29.4M | $70.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.3 | +0.023% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.2 | +0.017% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.4 | −0.042% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,453.6 | −0.023% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,453.3 | −0.044% | $290K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0078% / S −0.0027% | 1h | 1,453.3 | −0.045% | $432K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453 | −0.066% | $173K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,453.4 | −0.041% | $10K | $848K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.4 | −0.039% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,454.1 | +0.013% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,453.7 | −0.019% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454 | +0.003% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.8 | −0.014% | $667.6M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,452.8 | −0.077% | $260.9M | $600.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453.5 | −0.035% | $177.6M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.7 | −0.087% | $395K | $440K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | +0.003% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.4 | −0.036% | $50.5M | $170.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453.5 | −0.030% | $214.4M | $765.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.6 | −0.023% | $102.5M | $53.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.6 | −0.023% | $165.3M | $270.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.4 | −0.040% | — | $105.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,453 | −0.064% | $47.6M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.8 | +0.127% | $566K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.5 | +0.176% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457 | +0.209% | $404K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,455.5 | +0.104% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.9 | −0.073% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453.5 | −0.029% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.2 | −0.122% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.2 | +0.084% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,453.4 | −0.036% | $233K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.2 | −0.050% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454.4 | +0.028% | $3.8M | $5.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0104% | 1h | 1,455 | +0.069% | $2.1M | $7.0M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,453.4 | −0.036% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.4 | −0.038% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,453.6 | −0.025% | $8K | $7K | 5x | as long as short |
| Phoenix ZECshort | +0.0116% | 1h | 1,457.5 | +0.243% | $4.6M | $1.3M | 10x | |
| Hyperliquid ZEC | +0.0127% | 1h | 1,454.7 | +0.051% | $756.7M | $428.5M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0168% | 1h | 1,453.9 | −0.003% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0184% | 1h | 1,455.1 | +0.079% | $19.2M | $44.7M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,453.5 | −0.029% | $920K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0228% | 1h | 1,454.2 | +0.016% | $614K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,453.4 | −0.039% | $18.0M | $45.1M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,455.6 | +0.113% | $689K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,456.9 | +0.203% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0679% | 1h | 1,455.3 | +0.094% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
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-USDT
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
Phemex ZECUSDT
Lighter RH ZEC
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD