Funding you earn now, next payment 03:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.070%
Price spread now: BloFin against Phoenix−0.066%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days−0.736%−$74 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.066%, 7d avg −0.086%
=The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ZEC | 1,462.1 | 0.0123 | pay 0.0015% / 1h | 19m 48s | $4.6M | $1.3M | 10x |
| Short | BloFin ZEC-USDT | 1,461.1 | −0.0069 | pay 0.0069% / 8h | 4h 19m | $29.4M | $71.1M | 75x |
Phoenix ZEC
BloFin ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phoenix. 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
- −$40.47
- Price spread: −0.066% → −0.086%
- $1.98
- Slippage, 4 orders
- −$6.19
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$63.68
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 4 min ago; BloFin: 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 Phoenix live order book, 4 min ago | 1.71 bp | 6.5 bp −$6 | 13.8 bp −$138 | 96.7 bp −$9,671 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.07 bp | 6.1 bp −$6 | 7.3 bp −$73 | doesn't fit | 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 | −0.3166% | 1h | 1,462.9 | +0.052% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461.4 | −0.050% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDTshort | −0.0069% | 8h | 1,461.1 | −0.066% | $29.4M | $71.1M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.8 | +0.048% | $412K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,461 | −0.075% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.8 | −0.021% | $84K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,462.2 | +0.008% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,461.8 | −0.018% | $292K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0069% / S −0.0019% | 1h | 1,462.1 | +0.001% | $411K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,462.6 | +0.033% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,462.1 | −0.003% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,462.6 | +0.031% | $12K | $856K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.1 | +0.069% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.1 | +0.071% | $2.9M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,463.7 | +0.110% | $760.8M | $431.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,462.4 | +0.021% | $14.6M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.1 | +0.068% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,462.3 | +0.016% | $672.1M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,462 | −0.009% | $262.4M | $602.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,462.4 | +0.021% | $178.5M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,461 | −0.075% | $397K | $443K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.2 | −0.333% | $880K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,462.5 | +0.025% | $50.8M | $174.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,462.4 | +0.018% | $215.2M | $773.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,462.7 | +0.040% | $102.7M | $53.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.7 | +0.042% | $166.6M | $271.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,461.8 | −0.018% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,462.5 | +0.025% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,460.3 | −0.123% | $47.9M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,460.8 | −0.088% | $569K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.4 | +0.020% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,460.5 | −0.107% | $407K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,461.7 | −0.024% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,461.9 | −0.013% | $366K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461.9 | −0.012% | $161K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,461 | −0.075% | $446K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.2 | +0.142% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.8 | −0.018% | $234K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,460.3 | −0.122% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.7 | −0.030% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.7 | +0.044% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.9 | −0.010% | $47K | $151K | 20x | as long as short |
| Phoenix ZEClong | +0.0123% | 1h | 1,462.1 | long leg | $4.6M | $1.3M | 10x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0137% | 1h | 1,462.6 | +0.033% | $617K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0276% | 1h | 1,461.8 | −0.019% | $18.1M | $45.0M | 25x | as long as short |
| Lighter ZEC | +0.0280% | 1h | 1,463.1 | +0.072% | $19.3M | $46.0M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,462.6 | +0.031% | $926K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,463.2 | +0.077% | $2.1M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,464.1 | +0.137% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,463.3 | +0.085% | $686K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0683% | 1h | 1,460.5 | −0.111% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
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-USDC
Backpack ZEC_USDC_PERP
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
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Lighter ZEC
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD