ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Nado against Phoenix+0.088%57s7-day average −0.101% · you sell dearer than you buy

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−$230.229% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.159%−$16 on $10k

Price spread, last 7 days−0.208%−$21 · spread now +0.088%, 7d avg −0.101%

Together, before fees−0.367%+ Points / potential airdropNado: Active · farm board−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.189% dearer against Phoenix than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.101%. The two prices were read 57 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	1,461.8	0.0103	pay 0.0013% / 1h	59m 57s	$4.6M	$1.6M	10x
Short	Nado ZEC-PERP	1,463.1	0.0100	get 0.0012% / 1h	59m 57s	$2.5M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.088%Rate

Funding earned: −$0.7
Price spread: +0.088% → −0.101%: $18.89
Slippage, 4 orders: −$8.93
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.75
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Phoenix: live order book, 4 min ago; Nado: 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	1.50 bp	6.1 bp −$6	13.5 bp −$135	89.1 bp −$8,907	doesn't fit
Sell Nado live order book, 4 min ago	0.03 bp	6.2 bp −$6	12.4 bp −$124	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	−0.3476%	1h	1,446.2	−1.069%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0087%	8h	1,462.2	+0.027%	$29.0M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.4	+0.044%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,462.6	+0.059%	$17.8M	$44.9M	25x	as long as short
Bybit ZECUSDT	−0.0040%	8h	1,461.8	−0.001%	$270.0M	$680.0M	75x	as long as short
Variational Omni ZEC	−0.0018%	8h	1,461.1	−0.043%	$46.6M	$34.3M	—	as long as short
Ondo Perps ZEC-USD.P	−0.0008%	1h	1,460.7	−0.073%	$396K	$516K	5x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.1	+0.020%	$412K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.9	+0.075%	$937K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,462.6	+0.060%	$83K	$401K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,463.4	+0.111%	$595K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463	+0.085%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0012% / S +0.0077%	1h	1,462.9	+0.077%	$559K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,462.6	+0.058%	$293K	$1.5M	20x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,462.8	+0.070%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0055%	8h	1,462.7	+0.060%	$175.1M	$1.37B	50x	as long as short
Gate ZEC_USDT	+0.0058%	8h	1,462.5	+0.051%	$50.0M	$191.9M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,462.5	+0.050%	$13K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,464.2	+0.168%	$18.9M	$54.8M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,462.5	+0.047%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.2	+0.028%	$60K	$39K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,463.1	+0.088%	$2.5M	$7.1M	10x
Hyperliquid ZEC	+0.0100%	1h	1,463.5	+0.118%	$758.9M	$495.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462.4	+0.046%	$15.4M	$33.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.7	+0.065%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,462.6	+0.054%	$669.0M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.8	−0.067%	$899K	$25K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,462.6	+0.057%	$224.3M	$902.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,462.5	+0.047%	$103.3M	$57.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,462.6	+0.057%	$161.9M	$311.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,462.4	+0.043%	—	$102.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,463.3	+0.103%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.6	−0.013%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,461.7	−0.003%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.1	−0.047%	$429K	$816K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.9	+0.075%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462.4	+0.043%	$343K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,462.5	+0.047%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,461.2	−0.036%	$446K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.7	+0.198%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,462.6	+0.054%	$222K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.1	+0.023%	$2.4M	$24.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.6	+0.055%	$3.8M	$5.4M	50x	as long as short
Phoenix ZEClong	+0.0103%	1h	1,461.8	long leg	$4.6M	$1.6M	10x
Extended ZEC-USD	+0.0104%	1h	1,463.1	+0.094%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,462.7	+0.067%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,462.9	+0.077%	$844K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,464.7	+0.200%	$3.7M	$11.7M	50x	as long as short
Aftermath Perps ZECUSD	+0.0504%	1h	1,462.1	+0.020%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,462.5	+0.053%	$742K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0544%	1h	1,464.6	+0.196%	$2.0M	$8.5M	10x	as long as short