Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%
Price spread now: Extended against Phemex+0.210%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.514%−$51 · spread now +0.210%, 7d avg −0.035%
=Together, before fees−0.427%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.244% dearer against Phemex than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,473.2 | 0.0100 | pay 0.0100% / 8h | 2h 29m | $3.9M | $4.8M | 50x |
| Short | Extended ZEC-USD | 1,476.3 | 0.0104 | get 0.0013% / 1h | 29m 57s | $2.8M | $7.8M | 10x |
Phemex ZECUSDT
Extended ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phemex. 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
- $0.84
- Price spread: +0.210% → −0.035%
- $24.43
- Slippage, 4 orders
- −$32.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$23.95
- Costs to cover
- 0.492%
- Break-even
- 206.6 days
Slippage from Phemex: live order book, 4 min ago; Extended: 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 Phemex live order book, 4 min ago | 5.92 bp | 20.6 bp −$21 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 1.25 bp | 6.0 bp −$6 | 17.9 bp −$179 | 136.2 bp −$13.6K | 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 | 1,473.3 | +0.008% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.4 | −0.185% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0079% | 8h | 1,472.6 | −0.035% | $29.9M | $71.2M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.8 | +0.046% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.8 | +0.040% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,473 | −0.011% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.9 | −0.018% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,472.9 | −0.017% | $294K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,473 | −0.009% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0088% | 1h | 1,473.4 | +0.017% | $620K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0090% | 8h | 1,475.8 | +0.181% | $262.4M | $589.1M | 75x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,470.9 | −0.153% | $4.7M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.6 | −0.039% | $174K | $1.6M | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0098% / S −0.0052% | 1h | 1,472.6 | −0.039% | $439K | — | 100x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472.1 | −0.074% | $13K | $812K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.3 | +0.010% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.4 | +0.013% | $2.9M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,477.2 | +0.274% | $769.0M | $419.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,476.2 | +0.209% | $14.5M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.3 | +0.009% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,476.3 | +0.216% | $682.0M | $2.16B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,475.8 | +0.178% | $179.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,466.9 | −0.425% | $399K | $430K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.051% | $889K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,476.1 | +0.198% | $53.6M | $171.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,476 | +0.195% | $223.8M | $763.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,476.6 | +0.234% | $103.8M | $52.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,476.5 | +0.227% | $167.2M | $267.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,475.6 | +0.166% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,471.5 | −0.115% | $48.3M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469 | −0.282% | $555K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.2 | −0.063% | $3.0M | $455K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470.8 | −0.161% | $407K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.7 | −0.096% | $49K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.065% | $361K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.027% | $162K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.8 | −0.089% | $449K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.2 | +0.141% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473 | −0.014% | $236K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.109% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,473.2 | long leg | $3.9M | $4.8M | 50x | |
| Extended ZEC-USDshort | +0.0104% | 1h | 1,476.3 | +0.210% | $2.8M | $7.8M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.9 | −0.018% | $46K | $152K | 20x | as long as short |
| Lighter RH ZEC | +0.0128% | 1h | 1,474.4 | +0.086% | $2.1M | $7.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0146% | 1h | 1,472.7 | −0.035% | $18.0M | $45.6M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,473.1 | −0.004% | $930K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,474.8 | +0.109% | $19.5M | $44.0M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0378% | 1h | 1,475 | +0.124% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,475.5 | +0.156% | $3.8M | $9.2M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,474.2 | +0.070% | $663K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0695% | 1h | 1,470.6 | −0.175% | $45K | $49K | 10x | as long as short |
Bybit ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
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
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD