ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h −0.081%

Price spread now: Popdex against Coinbase International−0.142%7-day average −0.127% · 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−$32as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Coinbase International Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.174%−$17 on $10k

Price spread, last 3 days (all we have)−0.422%−$42 · spread now −0.142%, 7d avg −0.127%

Together, before fees−0.596%−$60 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.127%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,476.8	0.0432	pay 0.0054% / 1h	52m 38s	$3.8M	$11.0M	50x
Short	Popdex ZECUSDT	1,474.7	0.0096	get 0.0012% / 1h	52m 38s	$176K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee PopdexbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$70.56
Price spread: −0.142% → −0.127%: −$1.45
Slippage, 4 orders: −$13.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$102.39
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Popdex: 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 Coinbase International live order book, 1 min ago	1.90 bp	9.7 bp −$10	16.6 bp −$166	48.0 bp −$4,801	doesn't fit
Sell Popdex live order book, 2 min ago	0.51 bp	4.0 bp −$4	10.4 bp −$104	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	−0.3089%	1h	1,475.9	−0.065%	$34K	$275K	12x	as long as short
ApeX Omni ZECUSDT	−0.0365%	1h	1,474	−0.189%	$432K	$827K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0334%	1h	1,473.5	−0.225%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0224%	1h	1,474.6	−0.149%	$18.0M	$44.6M	25x	as long as short
BloFin ZEC-USDT	−0.0111%	8h	1,474.5	−0.156%	$29.5M	$75.7M	75x	as long as short
Bybit ZECUSDT	−0.0087%	8h	1,473	−0.261%	$273.4M	$661.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.2	−0.180%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0037%	8h	1,473.4	−0.230%	$47.0M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.7	−0.208%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,476.4	−0.026%	$901K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,474	−0.190%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.9	−0.129%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,474.7	−0.143%	$295K	$1.4M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0019%	1h	1,475.5	−0.093%	$615K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0024%	1h	1,475.6	−0.082%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,474.8	−0.138%	$366K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,473.7	−0.209%	$180.5M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,474	−0.189%	$50.7M	$183.9M	75x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,474.6	−0.150%	$8K	$8K	5x	as long as short
SoDEX ZEC-USD	+0.0065%	1h	1,474.5	−0.160%	$227K	$4.5M	10x	as long as short
Popdex ZECUSDTshort	+0.0096%	1h	1,474.7	−0.142%	$176K	$1.9M	50x
Katana Perps ZEC-USD	+0.0097%	8h	1,475.3	−0.106%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.8	−0.205%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.6	−0.151%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.8	−0.137%	$765.4M	$473.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,473.8	−0.208%	$15.6M	$32.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.2	−0.176%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.8	−0.203%	$681.9M	$2.47B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475	−0.125%	$714K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.1	−0.386%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.9	−0.198%	$223.0M	$830.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.6	−0.219%	$104.2M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.9	−0.198%	$162.8M	$303.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,473.8	−0.202%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	−0.171%	$513K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475.5	−0.088%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,475.4	−0.099%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.6	−0.150%	$348K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.4	−0.164%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473	−0.258%	$449K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.1	+0.018%	$3K	$1.2M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.2	−0.246%	$2.5M	$23.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.8	−0.134%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.4	−0.162%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.5	−0.159%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,475.3	−0.100%	$836K	$1.2M	10x	as long as short
Lighter ZEC	+0.0144%	1h	1,475.5	−0.093%	$19.1M	$52.1M	20x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0432%	1h	1,476.8	long leg	$3.8M	$11.0M	50x
Lighter RH ZEC	+0.0504%	1h	1,475.7	−0.075%	$2.0M	$8.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0552%	1h	1,475.6	−0.084%	$2.4M	$3.7M	15x	as long as short
Aftermath Perps ZECUSD	+0.0628%	1h	1,474.7	−0.146%	$46K	$47K	10x	as long as short