Funding you earn now, next payment 23:00 UTC−0.0348%/8h= −38.2% APRnext payment −$0.44 per $10,000 · paid last 24h −0.032%
Price spread now: Popdex against Arcus−0.069%55s7-day average −0.038% · 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−$180.179% of the position
Funding, last 3 days (all we have)−0.044%−$4 on $10k
+Price spread, last 7 days−0.005%$0 · spread now −0.069%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Popdex is 0.030% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.044% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus ZEC-USD | 1,463 | 0.0444 | pay 0.0056% / 1h | 37m 45s | $744K | $8.1M | 10x |
| Short | Popdex ZECUSDT | 1,462 | 0.0096 | get 0.0012% / 1h | 37m 45s | $173K | $1.9M | 50x |
Arcus ZEC-USD
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Arcus. 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
- −$73.17
- Price spread: −0.069% → −0.038%
- −$3.05
- Slippage, 4 orders
- −$6.95
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$94.06
- Costs to cover
- 0.179%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 1 min ago; Popdex: live order book, 1 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 Arcus live order book, 1 min ago | 0.21 bp | 3.8 bp −$4 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 1 min ago | 0.24 bp | 3.6 bp −$4 | 6.1 bp −$61 | 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 | −0.3310% | 1h | 1,465.8 | +0.186% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,462 | −0.069% | $17.8M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0225% | 1h | 1,466 | +0.203% | $398K | $520K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0088% | 8h | 1,462.7 | −0.026% | $29.1M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462 | −0.069% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0050% | 8h | 1,460.6 | −0.167% | $270.6M | $674.0M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,465.3 | +0.152% | $46.6M | $34.0M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,461.6 | −0.097% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463 | −0.002% | $885K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,462.2 | −0.059% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,462.8 | −0.015% | $5.2M | — | 150x | as long as short |
| ApeX Omni ZECUSDT | +0.0007% | 1h | 1,466.5 | +0.240% | $431K | $820K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,462.7 | −0.019% | $541K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,462.3 | −0.050% | $292K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0028% | 1h | 1,462.4 | −0.040% | $595K | $1.3M | 25x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.204% | $905K | $27K | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0046% | 8h | 1,461 | −0.136% | $175.5M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0047% | 8h | 1,461.5 | −0.106% | $49.9M | $184.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,462.3 | −0.048% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.3 | +0.363% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,462.4 | −0.042% | $14K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,462.7 | −0.023% | $18.9M | $52.5M | 20x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,462 | −0.069% | $173K | $1.9M | 50x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461 | −0.137% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.3 | +0.017% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.1 | −0.135% | $757.2M | $484.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.9 | −0.142% | $15.6M | $33.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,461.6 | −0.095% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.4 | −0.114% | $673.3M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.1 | −0.133% | $222.0M | $859.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.4 | −0.179% | $102.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,461.6 | −0.097% | $161.6M | $306.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,461.8 | −0.082% | — | $103.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.9 | +0.195% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.7 | +0.112% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.4 | +0.162% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462.3 | −0.050% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.3 | −0.052% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.9 | −0.148% | $446K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.7 | +0.117% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.061% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.5 | −0.105% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.041% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.1 | −0.065% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,462.2 | −0.059% | $36K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,462.2 | −0.058% | $841K | $1.7M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0203% | 1h | 1,462.4 | −0.040% | $2.3M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0368% | 1h | 1,462.5 | −0.038% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,463.5 | +0.035% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USDlong | +0.0444% | 1h | 1,463 | long leg | $744K | $8.1M | 10x | |
| Aftermath Perps ZECUSD | +0.0534% | 1h | 1,465.3 | +0.156% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
Bulk ZEC-USD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD