ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h −0.015%

Price spread now: Aevo against Phoenix+0.204%66s7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as 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−$450.447% of the position

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 3 days (all we have)+0.155%+$16 · spread now +0.204%, 7d avg −0.086%

Together, before fees−0.263%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.290% dearer against Phoenix than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.086%. Mind the row above: over the last 7 days funding on this pair cost −0.418%, so the current rate has only just turned in your favour. The two prices were read 66 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	Phoenix ZEC	1,466.6	0.0070	pay 0.0009% / 1h	4m 11s	$4.6M	$1.5M	10x
Short	Aevo ZEC-PERP	1,469.6	0.0104	get 0.0013% / 1h	4m 11s	$48K	$155K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee AevobpOrdersPrice spread, now +0.204%Rate

Funding earned: $7.1
Price spread: +0.204% → −0.086%: $29
Slippage, 4 orders: −$21.74
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.64
Costs to cover: 0.447%
Break-even: 15.5 days

Slippage from Phoenix: live order book, 5 min ago; Aevo: live order book, 65 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 Phoenix live order book, 5 min ago	1.84 bp	6.8 bp −$7	15.4 bp −$154	104.4 bp −$10.4K	doesn't fit
Sell Aevo live order book, 65 min ago	3.23 bp	15.7 bp −$16	18.8 bp −$188	29.0 bp −$2,905	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,452	−0.995%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.9	+0.157%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0036%	1h	1,464.8	−0.123%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,469.8	+0.218%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.5	+0.130%	$414K	$51K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.5	+0.194%	$970K	$4.8M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.5	+0.196%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.1	+0.240%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,469.4	+0.188%	$293K	$988K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,470	+0.231%	$384K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,469	+0.164%	$8K	$8K	5x	as long as short
Phoenix ZEClong	+0.0070%	1h	1,466.6	long leg	$4.6M	$1.5M	10x
Variational Omni ZEC	+0.0072%	8h	1,466.6	+0.001%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0092%	8h	1,469.7	+0.207%	$181.0M	$1.25B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.6	+0.202%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.2	+0.111%	$17K	$846K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	+0.094%	$61K	$40K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,469.8	+0.215%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470.9	+0.293%	$766.2M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,469.8	+0.214%	$14.8M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.3	+0.117%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470	+0.231%	$679.3M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,469.9	+0.222%	$271.8M	$608.7M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.002%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,469.8	+0.220%	$50.2M	$177.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469.8	+0.219%	$216.7M	$802.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469.7	+0.212%	$103.3M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470	+0.231%	$163.2M	$277.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,470.2	+0.248%	—	$100.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.041%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.5	+0.061%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.022%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.1	+0.030%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.6	+0.204%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.8	+0.217%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.5	+0.129%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.1	+0.372%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.7	+0.207%	$242K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.6	+0.205%	$2.5M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470	+0.230%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,469.7	+0.208%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERPshort	+0.0104%	1h	1,469.6	+0.204%	$48K	$155K	20x
Lighter ZEC	+0.0224%	1h	1,471.1	+0.307%	$19.2M	$48.3M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,470.3	+0.254%	$696K	$8.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0270%	1h	1,470.5	+0.264%	$612K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,471.5	+0.335%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,469.6	+0.205%	$852K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0417%	1h	1,468.8	+0.150%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,471.8	+0.355%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0733%	1h	1,469.9	+0.224%	$43K	$46K	10x	as long as short