Funding you earn now, next payment 02:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h −0.016%
Price spread now: Bullet against Phoenix−0.097%62s7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.277% of the position
Funding, last 3 days (all we have)−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.097%, 7d avg −0.097%
=The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.168%, so the current rate has only just turned in your favour. The two prices were read 62 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 | 1,458.4 | 0.0074 | pay 0.0009% / 1h | 10m 01s | $4.6M | $1.4M | 10x |
| Short | Bullet ZEC-USD | 1,457 | 0.0100 | get 0.0013% / 1h | 10m 01s | $160K | $185K | 20x |
Phoenix ZEC
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- $5.46
- Price spread: −0.097% → −0.097%
- −$0.04
- Slippage, 4 orders
- −$12.65
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$22.24
- Costs to cover
- 0.277%
- Break-even
- 35.5 days
Slippage from Phoenix: live order book, 4 min ago; Bullet: live order book, 54 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 | 1.92 bp | 6.8 bp −$7 | 15.9 bp −$159 | 136.3 bp −$13.6K | doesn't fit |
| Sell Bullet live order book, 54 min ago | 1.80 bp | 7.3 bp −$7 | 11.4 bp −$114 | 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 | −0.3244% | 1h | 1,441.1 | −1.183% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0084% | 8h | 1,457.8 | −0.041% | $29.4M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.5 | −0.060% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.1 | −0.017% | $411K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,457.7 | −0.047% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.8 | −0.112% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.9 | −0.104% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0052% | 8h | 1,456.8 | −0.110% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,456.6 | −0.122% | $409K | — | 100x | as long as short |
| Phoenix ZEClong | +0.0074% | 1h | 1,458.4 | long leg | $4.6M | $1.4M | 10x |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
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]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.6 | −0.054% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457.2 | −0.082% | $13K | $866K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,458.1 | −0.020% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458 | −0.027% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,457.2 | −0.082% | $757.2M | $434.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456.7 | −0.113% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.8 | −0.038% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,455.2 | −0.218% | $667.2M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,454.3 | −0.280% | $262.9M | $605.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,454.4 | −0.275% | $178.2M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | −0.212% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | −0.064% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.7 | −0.117% | $50.2M | $175.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.3 | −0.283% | $213.8M | $780.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.6 | −0.053% | $102.1M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.2 | −0.287% | $161.5M | $273.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,456.5 | −0.130% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | −0.138% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.7 | −0.117% | $567K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.6 | −0.122% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.2 | −0.152% | $410K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,457.4 | −0.070% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.5 | −0.061% | $369K | $1.9M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,457 | −0.097% | $160K | $185K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.8 | −0.179% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.7 | +0.087% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.3 | −0.073% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.3 | −0.075% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.2 | −0.080% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,454 | −0.302% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.7 | −0.115% | $47K | $153K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0109% | 1h | 1,457.3 | −0.077% | $2.4M | $3.8M | 15x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,457.9 | −0.035% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,457.1 | −0.091% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,458.4 | 0.000% | $19.1M | $46.7M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,459 | +0.045% | $712K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,458.8 | +0.027% | $2.0M | $6.9M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0405% | 1h | 1,457.7 | −0.044% | $613K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,458.2 | −0.016% | $834K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,458.4 | +0.003% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0690% | 1h | 1,458 | −0.027% | $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
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD