Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Bulk against Popdex−0.393%7-day average −0.025% · 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−$53as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 3 days (all we have)−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.328%+$33 · spread now −0.393%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.369% cheaper against Popdex than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex ZECUSDT | 1,476.3 | 0.0096 | pay 0.0012% / 1h | 29m 12s | $173K | $1.8M | 50x |
| Short | Bulk ZEC-USD | 1,470.5 | 0.0100 | get 0.0013% / 1h | 29m 12s | $893K | $19K | 10x |
Popdex ZECUSDT
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Popdex. 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: −0.393% → −0.025%
- −$36.85
- Slippage, 4 orders
- −$2.48
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$51.89
- Costs to cover
- 0.159%
- Break-even
- 439.4 days
Slippage from Popdex: live order book, 5 min ago; Bulk: live order book, 40 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 Popdex live order book, 5 min ago | 0.81 bp | 4.1 bp −$4 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 40 min ago | 0.03 bp | 3.5 bp −$4 | 3.6 bp −$36 | 5.1 bp −$515 | 8.5 bp −$4,244 |
ZEC on 50 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 | −0.3678% | 1h | 1,477.1 | +0.056% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,478.6 | +0.155% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0012% | 1h | 1,471.7 | −0.311% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474 | −0.157% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.8 | +0.101% | $416K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.9 | +0.041% | $977K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,476 | −0.021% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.1 | −0.146% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0028% | 8h | 1,474 | −0.154% | $294K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | +0.006% | $48.0M | $33.0M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,474.3 | −0.133% | $386K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,476.6 | +0.018% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,478.2 | +0.131% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0095% | 8h | 1,473.8 | −0.167% | $181.1M | $1.28B | 50x | as long as short |
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,476.3 | long leg | $173K | $1.8M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,476.2 | −0.004% | $16K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,477.2 | +0.061% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.6 | +0.021% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,477.1 | +0.055% | $768.7M | $444.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,475.6 | −0.045% | $14.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,477.3 | +0.065% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.169% | $680.8M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.167% | $271.9M | $620.3M | 75x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,470.5 | −0.393% | $893K | $19K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.6 | −0.115% | $50.2M | $175.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.9 | −0.091% | $216.9M | $798.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,475.6 | −0.044% | $103.7M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.1 | −0.150% | $163.8M | $284.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,475.2 | −0.071% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.8 | +0.031% | $575K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473 | −0.223% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.9 | +0.038% | $429K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,478 | +0.119% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476 | −0.020% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.126% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.6 | −0.248% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.3 | +0.138% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474 | −0.153% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475 | −0.087% | $2.5M | $19.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474.1 | −0.150% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.9 | −0.159% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.1 | −0.149% | $48K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0136% | 1h | 1,474.8 | −0.103% | $614K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,478 | +0.114% | $679K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0256% | 1h | 1,475.2 | −0.071% | $19.2M | $48.1M | 20x | as long as short |
| Lighter RH ZEC | +0.0304% | 1h | 1,475.3 | −0.065% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,477.2 | +0.063% | $869K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,475.9 | −0.024% | $3.6M | $9.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0517% | 1h | 1,478.3 | +0.136% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0725% | 1h | 1,475 | −0.091% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD