ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.001%

Price spread now: Popdex against Deribit+0.142%7-day average −0.068% · 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−$9as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Deribit Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.423%−$42 · spread now +0.142%, 7d avg −0.068%

Together, before fees−0.448%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.210% dearer against Deribit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ZEC_USDC-PERPETUAL	1,502.6	0	get 0.0000% / 1h	19m 09s	$713K	$1.4M	25x
Short	Popdex ZECUSDT	1,504.8	0.0096	get 0.0012% / 1h	19m 09s	$140K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Deribit. 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 DeribitbpFee PopdexbpOrdersPrice spread, now +0.142%Rate

Funding earned: $20.16
Price spread: +0.142% → −0.068%: $21
Slippage, 4 orders: −$16.82
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $10.94
Costs to cover: 0.302%
Break-even: 3.2 days

Slippage from Deribit: live order book, 5 min ago; Popdex: live order book, 5 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 Deribit live order book, 5 min ago	5.74 bp	9.2 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit
Sell Popdex live order book, 5 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	1,478	−1.642%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0152%	8h	1,501.8	−0.054%	$30.2M	$73.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,510.3	+0.508%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.8	+0.277%	$419K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,510	+0.492%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502.5	−0.006%	$86K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	0.0000%	1h	1,502.6	long leg	$713K	$1.4M	25x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,502.3	−0.025%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,506	+0.227%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,502.3	−0.025%	$303K	$898K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,496	−0.443%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDTshort	+0.0096%	1h	1,504.8	+0.142%	$140K	$1.7M	50x
Bybit ZECUSDT	+0.0098%	8h	1,503.6	+0.066%	$272.5M	$608.6M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.3	+0.311%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.2	+0.103%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.6	+0.198%	$787.1M	$430.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.3	+0.044%	$14.8M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.3	+0.314%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.5	+0.057%	$697.8M	$2.22B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.5	+0.126%	$180.9M	$1.27B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−0.002%	$403K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−1.554%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,504.2	+0.104%	$54.6M	$176.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,504.6	+0.130%	$227.2M	$771.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.7	+0.003%	$105.7M	$54.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,504.8	+0.142%	$169.0M	$273.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,504.1	+0.096%	—	$113.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−0.530%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−0.645%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−1.408%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−1.408%	$410K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,506.5	+0.256%	$53K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.2	+0.104%	$371K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.7	+0.007%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,501.3	−0.091%	$458K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.4	+0.116%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.3	−0.020%	$248K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,501.1	−0.104%	$2.6M	$19.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,502.9	+0.015%	$4.0M	$4.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.8	+0.212%	$13K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0102% / S −0.0073%	1h	1,502.4	−0.014%	$402K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.2	−0.028%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.3	−0.022%	$46K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,504	+0.091%	$2.2M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,502.2	−0.032%	$18.3M	$45.9M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,505.4	+0.183%	$947K	$1.1M	10x	as long as short
Lighter ZEC	+0.0200%	1h	1,503.7	+0.070%	$19.7M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0451%	1h	1,504.5	+0.124%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,504.8	+0.143%	$3.7M	$9.8M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,505.6	+0.200%	$622K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0687%	1h	1,487.9	−0.983%	$50K	$60K	10x	as long as short