Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: HTX against Phoenix−0.186%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days−0.680%−$68 on $10k
+Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.186%, 7d avg −0.113%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.073% cheaper against Phoenix than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.113%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ZEC | 1,498.3 | 0.0096 | pay 0.0012% / 1h | 37m 01s | $4.8M | $1.4M | 10x |
| Short | HTX ZEC-USDT | 1,495.5 | 0.0100 | get 0.0100% / 8h | 37m 01s | $2.7M | $20.7M | 75x |
Phoenix ZEC
HTX ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $0.93
- Price spread: −0.186% → −0.113%
- −$7.29
- Slippage, 4 orders
- −$10.15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$35.51
- Costs to cover
- 0.291%
- Break-even
- 275.3 days
Slippage from Phoenix: live order book, 7 min ago; HTX: 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 Phoenix live order book, 7 min ago | 2.13 bp | 7.2 bp −$7 | 16.3 bp −$163 | 113.9 bp −$11.4K | doesn't fit |
| Sell HTX live order book, 2 min ago | 1.03 bp | 7.1 bp −$7 | 14.2 bp −$142 | 32.9 bp −$3,285 | 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 | −0.3442% | 1h | 1,504.2 | +0.393% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,495.5 | −0.184% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0153% | 8h | 1,495.9 | −0.161% | $30.8M | $75.6M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0081% | 1h | 1,500.8 | +0.167% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,496.7 | −0.109% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,496.6 | −0.114% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,497.7 | −0.039% | $1.5M | $4.4M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,496.5 | −0.119% | $683K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,496.1 | −0.144% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,496.1 | −0.146% | $18.0M | $47.2M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk ZEC-USD | +0.0021% | 1h | 1,505.9 | +0.507% | $910K | $2K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0054% | 1h | 1,500.8 | +0.168% | $411K | $563K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,496 | −0.153% | $301K | $1.1M | 20x | as long as short |
| Phoenix ZEClong | +0.0096% | 1h | 1,498.3 | long leg | $4.8M | $1.4M | 10x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,496 | −0.152% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,496.5 | −0.118% | $14K | $878K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,496 | −0.154% | $62K | $32K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,496.7 | −0.103% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,497.8 | −0.033% | $782.6M | $444.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,497.3 | −0.069% | $14.0M | $31.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,496.9 | −0.091% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,497.9 | −0.025% | $700.8M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,497.3 | −0.065% | $269.2M | $623.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,497.2 | −0.075% | $184.1M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,497.7 | −0.043% | $56.2M | $183.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,498 | −0.017% | $236.8M | $796.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,497.3 | −0.069% | $103.0M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,497.6 | −0.043% | $161.8M | $290.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,497.8 | −0.030% | — | $118.3M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,503 | +0.312% | $49.1M | $34.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,503.3 | +0.334% | $575K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.3 | +0.335% | $3.1M | $507K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | +0.408% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,501.5 | +0.213% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,495.9 | −0.160% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,496 | −0.152% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,496.2 | −0.142% | $457K | $489K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,498.2 | −0.003% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,495.6 | −0.180% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDTshort | +0.0100% | 8h | 1,495.5 | −0.186% | $2.7M | $20.7M | 75x | |
| Phemex ZECUSDT | +0.0100% | 8h | 1,496.3 | −0.131% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,497.6 | −0.046% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,496 | −0.156% | $43K | $151K | 20x | as long as short |
| Lighter RH ZEC | +0.0112% | 1h | 1,497.5 | −0.054% | $2.1M | $7.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,496.1 | −0.145% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,496.2 | −0.142% | $942K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0146% / S −0.0153% | 1h | 1,496.1 | −0.143% | $360K | — | 100x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,497.4 | −0.056% | $19.8M | $45.4M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,497 | −0.087% | $611K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,497.2 | −0.072% | $3.7M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0547% | 1h | 1,497.9 | −0.029% | $2.3M | $3.9M | 15x | as long as short |
Bulk ZEC-USD
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
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
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
01 Exchange ZECUSD
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP