Funding you earn now, next payment 03:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.026%
Price spread now: Popdex against gTrade (Gains Network)−0.012%7-day average +0.004% · 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−$284as in the Price arb table
costs, in and out, $10k−$2822.821% of the position
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now −0.012%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ZEC/USD | 1,452.3 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 32m 25s | $5.1M | — | 150x |
| Short | Popdex ZECUSDT | 1,452.2 | 0.0096 | get 0.0012% / 1h | 32m 25s | $173K | $1.8M | 50x |
gTrade (Gains Network) ZEC/USD
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against gTrade (Gains Network). 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
- $18.72
- Price spread: −0.012% → +0.004%
- −$1.52
- Slippage, 4 orders
- −$265.67
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$264.88
- Costs to cover
- 2.821%
- Break-even
- 106.1 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.01 bp | 135.0 bp −$135 | 425.9 bp −$4,259 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Popdex live order book, 2 min ago | 1.58 bp | 6.3 bp −$6 | 13.6 bp −$136 | 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 | −0.3244% | 1h | 1,453.2 | +0.061% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0082% | 8h | 1,453.8 | +0.103% | $29.5M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,453.8 | +0.098% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.3 | −0.071% | $409K | $44K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454 | +0.112% | $1.4M | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.8 | −0.034% | $83K | $248K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USDlong | L +0.0007% / S −0.0006% | 1h | 1,452.3 | long leg | $5.1M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0042% | 8h | 1,453.6 | +0.087% | $290K | $979K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,452 | −0.025% | $407K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,453.2 | +0.061% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,452.2 | −0.012% | $173K | $1.8M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,451.1 | −0.084% | $14K | $853K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.3 | −0.073% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.2 | −0.077% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.1 | +0.053% | $755.1M | $434.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,451.4 | −0.063% | $14.4M | $28.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.8 | −0.034% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.2 | −0.012% | $665.0M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.030% | $265.8M | $611.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.3 | −0.001% | $179.0M | $1.24B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.4 | +0.005% | $394K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,451.2 | −0.076% | $879K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,451.7 | −0.047% | $49.5M | $173.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.6 | +0.016% | $212.8M | $774.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.1 | −0.015% | $102.0M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.5 | +0.010% | $161.4M | $277.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,452.1 | −0.014% | — | $97.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453 | +0.048% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,448.7 | −0.249% | $46.8M | $32.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,451 | −0.089% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.8 | +0.102% | $3.0M | $419K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.9 | +0.040% | $408K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,453.7 | +0.097% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.8 | −0.036% | $324K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.2 | −0.009% | $159K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.2 | −0.006% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.1 | +0.260% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454 | +0.116% | $232K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453 | +0.046% | $2.6M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454.4 | +0.142% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,451.7 | −0.044% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.4 | +0.071% | $47K | $156K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,452.2 | −0.008% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,453.9 | +0.108% | $17.9M | $44.5M | 25x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,453 | +0.049% | $19.0M | $46.4M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,454 | +0.115% | $719K | $8.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0286% | 1h | 1,454.3 | +0.134% | $611K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0360% | 1h | 1,453 | +0.047% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,452.4 | +0.008% | $829K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,455.1 | +0.187% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0703% | 1h | 1,453.1 | +0.056% | $43K | $46K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD