Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%
Price spread now: Popdex against Binance−0.058%7-day average +0.002% · 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−$28as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Funding, last 4 days (all we have)+0.043%+$4 on $10k
+Price spread, last 7 days+0.065%+$7 · spread now −0.058%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.060% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZECUSDT | 1,480.6 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $687.2M | $2.18B | 75x |
| Short | Popdex ZECUSDT | 1,479.7 | 0.0096 | get 0.0012% / 1h | 22m 52s | $174K | $1.6M | 50x |
Binance ZECUSDT
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Binance. 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
- −$0.84
- Price spread: −0.058% → +0.002%
- −$5.99
- Slippage, 4 orders
- −$5.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$28.68
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago | 0.03 bp | 5.1 bp −$5 | 7.1 bp −$71 | 18.5 bp −$1,848 | doesn't fit |
| Sell Popdex live order book, 1 min ago | 0.95 bp | 6.3 bp −$6 | 12.0 bp −$120 | 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 | −0.3243% | 1h | 1,461.8 | −1.271% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,482.6 | +0.138% | $30.1M | $71.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,479.5 | −0.076% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,480 | −0.038% | $411K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,480.5 | −0.006% | $1.6M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,479.1 | −0.101% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,479.5 | −0.077% | $5.3M | — | 150x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0050% | 1h | 1,480.3 | −0.024% | $629K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,479.3 | −0.087% | $296K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,480.1 | −0.037% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0092% | 8h | 1,481.3 | +0.047% | $264.0M | $598.1M | 75x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,475.1 | −0.372% | $4.7M | $1.3M | 10x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,479.7 | −0.058% | $174K | $1.6M | 50x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0100% / S −0.0054% | 1h | 1,479.3 | −0.091% | $441K | — | 100x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,479.3 | −0.087% | $11K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,479.3 | −0.086% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,479.9 | −0.050% | $2.9M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,482.8 | +0.148% | $773.9M | $422.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,481.3 | +0.050% | $14.5M | $28.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,479.9 | −0.046% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDTlong | +0.0100% | 8h | 1,480.6 | long leg | $687.2M | $2.18B | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,481.1 | +0.035% | $180.3M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,474.6 | −0.405% | $400K | $433K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.553% | $889K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,481.8 | +0.078% | $53.7M | $172.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,481.6 | +0.067% | $228.6M | $766.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,481.8 | +0.084% | $105.6M | $53.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,481.6 | +0.066% | $167.1M | $269.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,480.4 | −0.016% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,473.7 | −0.467% | $48.3M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475 | −0.379% | $556K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.9 | −0.180% | $3.0M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,472.9 | −0.518% | $407K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,479.1 | −0.099% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,479.5 | −0.075% | $365K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,479.4 | −0.080% | $163K | $183K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,478.6 | −0.135% | $451K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,481.6 | +0.069% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,480.1 | −0.032% | $245K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,481 | +0.027% | $2.5M | $18.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,481.5 | +0.059% | $3.9M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,481.4 | +0.056% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,479.6 | −0.071% | $45K | $153K | 20x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,481.9 | +0.086% | $2.1M | $7.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0145% | 1h | 1,480.1 | −0.037% | $18.1M | $45.7M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,479.9 | −0.044% | $934K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,481.9 | +0.087% | $19.6M | $44.1M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0393% | 1h | 1,482.5 | +0.126% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,482.2 | +0.111% | $3.7M | $9.3M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,480.9 | +0.018% | $655K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0707% | 1h | 1,476 | −0.311% | $45K | $49K | 10x | as long as short |
Bybit ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
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
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD