Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.010%
Price spread now: MEXC against Phemex−0.053%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 3 days (all we have)−1.357%−$136 · spread now −0.053%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.020% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,481 | 0.0100 | pay 0.0100% / 8h | 3h 32m | $3.8M | $5.7M | 50x |
| Short | MEXC ZEC_USDT | 1,480.2 | 0.0066 | get 0.0066% / 8h | 3h 32m | $233.2M | $928.2M | 150x |
Phemex ZECUSDT
MEXC ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$7.14
- Price spread: −0.053% → −0.033%
- −$2.03
- Slippage, 4 orders
- −$20.91
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$42.08
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 6.54 bp | 14.9 bp −$15 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.03 bp | 0.1 bp $0 | 0.5 bp −$5 | 43.9 bp −$4,388 | 72.3 bp −$36.2K |
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 | −0.3181% | 1h | 1,476.9 | −0.275% | $34K | $159K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0092% | 1h | 1,475.7 | −0.356% | $735K | $601K | 50x | as long as short |
| Variational Omni ZEC | −0.0090% | 8h | 1,479.3 | −0.112% | $47.8M | $30.5M | — | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,481.5 | +0.034% | $6K | $2K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0068% | 8h | 1,481.8 | +0.059% | $29.9M | $78.1M | 75x | as long as short |
| Bybit ZECUSDT | −0.0064% | 8h | 1,480 | −0.067% | $277.6M | $691.3M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0052% | 1h | 1,479.2 | −0.121% | $18.0M | $44.9M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | −0.0007% | 8h | 1,479.3 | −0.112% | $287K | $1.5M | 20x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,481.2 | +0.016% | $417K | $107K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,481.5 | +0.038% | $990K | $5.4M | 2.2x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Variational Omni ZEC
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Bybit ZECUSDT
Kraken Futures PF_ZECUSD
Orderly PERP_ZEC_USDC
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 | 1,478.8 | −0.146% | $84K | $416K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,479.4 | −0.107% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0015% | 8h | 1,480.6 | −0.022% | $178.2M | $1.41B | 50x | as long as short |
| Aster ZECUSDT | +0.0039% | 8h | 1,482.3 | +0.090% | $15.3M | $34.7M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,479.2 | −0.117% | $4.7M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0059% / S +0.0051% | 1h | 1,479.4 | −0.107% | $580K | — | 100x | as long as short |
| MEXC ZEC_USDTshort | +0.0066% | 8h | 1,480.2 | −0.053% | $233.2M | $928.2M | 150x | |
| Binance ZECUSDT | +0.0069% | 8h | 1,480.3 | −0.043% | $677.9M | $2.57B | 75x | as long as short |
| Gate ZEC_USDT | +0.0069% | 8h | 1,480.8 | −0.009% | $51.2M | $184.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,482.4 | +0.097% | $9K | $7K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0083% | 1h | 1,476.3 | −0.315% | $400K | $538K | 5x | as long as short |
| Polymarket Perps ZEC-USD | +0.0085% | 1h | 1,478.5 | −0.166% | $315K | $2.4M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0093% | 8h | 1,482.4 | +0.097% | $12K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,481.3 | +0.026% | $174K | $2.0M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0096% | 1h | 1,479 | −0.134% | $37K | $362K | 20x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,480.7 | −0.020% | $61K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,479.4 | −0.104% | $3.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,483.2 | +0.151% | $773.8M | $509.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,481.8 | +0.058% | $1.7M | $3.2M | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,482.5 | +0.103% | $104.6M | $58.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,480.5 | −0.030% | $172.7M | $317.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,480.8 | −0.009% | — | $113.2M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,482.8 | +0.122% | $2.4M | $3.9M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.5 | −0.301% | $495K | $10.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,478.1 | −0.196% | $3.0M | $514K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.8 | −0.280% | $111K | $4.8M | 30x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,478.9 | −0.136% | $130K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,477.5 | −0.232% | $449K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,483.4 | +0.163% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,478.8 | −0.145% | $225K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,480.1 | −0.059% | $2.4M | $26.6M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,481 | long leg | $3.8M | $5.7M | 50x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,481.7 | +0.050% | $914K | $30K | 10x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,481.6 | +0.044% | $873K | $2.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0200% | 1h | 1,483.2 | +0.152% | $1.6M | $7.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0228% | 1h | 1,479.9 | −0.072% | $590K | $1.4M | 25x | as long as short |
| Lighter ZEC | +0.0312% | 1h | 1,481.7 | +0.053% | $19.6M | $54.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,481.4 | +0.030% | $3.8M | $11.9M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0493% | 1h | 1,476.6 | −0.293% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0538% | 1h | 1,482.6 | +0.109% | $711K | $7.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0592% | 1h | 1,480.2 | −0.051% | $3.9M | $5.2M | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Binance ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Polymarket Perps ZEC-USD
Katana Perps ZEC-USD
Popdex ZECUSDT
Aevo ZEC-PERP
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Bulk ZEC-USD
RISEx ZEC/USDC
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Extended ZEC-USD