Funding you earn now, next payment 23:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.10 per $10,000 · paid last 24h +0.021%
Price spread now: Phoenix against Pacifica+0.209%47s7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs+$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days+0.753%+$75 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now +0.209%, 7d avg +0.144%
=Together, before fees+0.719%+ Points / potential airdropPacifica: Active · farm board+$72 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.065% dearer against Pacifica than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of +0.144%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.753%, so the current rate has only just turned against you. The two prices were read 47 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 | Pacifica ZEC | 1,472.5 | 0.0100 | pay 0.0013% / 1h | 49m 54s | $1.7M | $2.9M | 10x |
| Short | Phoenix ZEC | 1,475.6 | 0.0024 | get 0.0003% / 1h | 49m 54s | $4.7M | $1.6M | 10x |
Pacifica ZEC
Phoenix ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- −$15.98
- Price spread: +0.209% → +0.144%
- $6.49
- Slippage, 4 orders
- −$12.57
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$37.06
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 4 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 Pacifica live order book, 4 min ago | 0.03 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 1.56 bp | 6.2 bp −$6 | 13.7 bp −$137 | 54.1 bp −$5,405 | 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 | −0.3089% | 1h | 1,473.9 | +0.095% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0302% | 1h | 1,471.3 | −0.084% | $399K | $516K | 5x | as long as short |
| ApeX Omni ZECUSDT | −0.0243% | 1h | 1,474.7 | +0.145% | $432K | $828K | 50x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,471.5 | −0.072% | $17.9M | $44.5M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0111% | 8h | 1,472.4 | −0.008% | $29.4M | $75.5M | 75x | as long as short |
| Bybit ZECUSDT | −0.0089% | 8h | 1,471 | −0.105% | $273.4M | $660.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.5 | 0.000% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | −0.050% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.5 | −0.001% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.1 | +0.036% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
ApeX Omni ZECUSDT
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,471.1 | −0.096% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.7 | −0.057% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,471.8 | −0.048% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZECshort | +0.0024% | 1h | 1,475.6 | +0.209% | $4.7M | $1.6M | 10x | |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,471.5 | −0.070% | $180.5M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,471.9 | −0.043% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0043% | 8h | 1,471.6 | −0.060% | $50.6M | $184.2M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0011% | 1h | 1,471.6 | −0.061% | $366K | — | 100x | as long as short |
| SoDEX ZEC-USD | +0.0086% | 1h | 1,471.4 | −0.077% | $226K | $4.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.2 | −0.094% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.9 | −0.045% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472 | −0.037% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.8 | +0.016% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.2 | +0.045% | $764.5M | $473.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.9 | −0.045% | $15.5M | $32.6M | 75x | as long as short |
| Pacifica ZEClong | +0.0100% | 1h | 1,472.5 | long leg | $1.7M | $2.9M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.8 | −0.051% | $681.0M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.021% | $716K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.036% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.8 | −0.047% | $220.9M | $830.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.5 | −0.072% | $104.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.8 | −0.048% | $162.6M | $302.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,471.5 | −0.069% | — | $102.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | +0.120% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,475.5 | +0.203% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.2 | +0.048% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.4 | −0.077% | $347K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.088% | $127K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.2 | −0.159% | $448K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.4 | +0.062% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.2 | −0.156% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.033% | $3.9M | $5.3M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,473.2 | +0.043% | $19.1M | $52.1M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.3 | −0.018% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.5 | −0.067% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0105% | 1h | 1,472.6 | +0.007% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.8 | −0.052% | $834K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0423% | 1h | 1,472.5 | −0.001% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,473.7 | +0.080% | $3.8M | $11.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0496% | 1h | 1,473.7 | +0.077% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0641% | 1h | 1,473.3 | +0.056% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
SoDEX ZEC-USD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD