ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.076%

Price spread now: Coinbase International against Popdex+0.289%7-day average +0.131% · 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−$18as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.197%+$20 on $10k

Price spread, last 4 days (all we have)+0.506%+$51 · spread now +0.289%, 7d avg +0.131%

Together, before fees+0.702%+$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.159% dearer against Popdex than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ZECUSDT	1,458	0.0096	pay 0.0012% / 1h	59m 25s	$173K	$1.7M	50x
Short	Coinbase International ZEC-PERP-INTX	1,462.2	0.0448	get 0.0056% / 1h	59m 25s	$3.8M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Popdex. 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 PopdexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.289%Rate

Funding earned: $73.92
Price spread: +0.289% → +0.131%: $15.89
Slippage, 4 orders: −$17.52
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $55.89
Costs to cover: 0.339%
Break-even: 1.7 days

Slippage from Popdex: live order book, 5 min ago; Coinbase International: 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 Popdex live order book, 5 min ago	0.10 bp	3.8 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.19 bp	13.8 bp −$14	16.4 bp −$164	43.3 bp −$4,329	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	−0.3166%	1h	1,457.9	−0.001%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.5	+0.172%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,459.1	+0.080%	$29.5M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.6	+0.116%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460	+0.138%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,457.5	−0.031%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.3	−0.042%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460	+0.141%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0023%	1h	1,460.1	+0.146%	$410K	—	100x	as long as short
Popdex ZECUSDTlong	+0.0096%	1h	1,458	long leg	$173K	$1.7M	50x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,458.5	+0.035%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.6	+0.045%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459.4	+0.097%	$2.9M	$6.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.3	+0.089%	$14.8M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.2	+0.087%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,458	0.000%	$669.7M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,457.5	−0.032%	$261.7M	$602.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,458	+0.003%	$178.4M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,458	+0.003%	$396K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.028%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,458.5	+0.037%	$50.6M	$169.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.8	−0.010%	$214.6M	$763.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,458	+0.001%	$102.9M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.3	+0.026%	$165.8M	$270.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,457.6	−0.027%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.6	−0.023%	$47.8M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.9	−0.001%	$567K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.1	+0.080%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,459.1	+0.078%	$405K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459.7	+0.122%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.6	−0.024%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.6	−0.023%	$161K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.9	+0.063%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.5	+0.246%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.8	+0.129%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459	+0.072%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460	+0.139%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.4	+0.030%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460	+0.139%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,458.7	+0.050%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0128%	1h	1,458.3	+0.026%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0178%	1h	1,459.2	+0.086%	$759.1M	$431.6M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0194%	1h	1,460.3	+0.160%	$2.4M	$3.9M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,458.2	+0.014%	$923K	$1.1M	10x	as long as short
Lighter ZEC	+0.0256%	1h	1,460.2	+0.157%	$19.3M	$44.6M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,459.8	+0.126%	$18.0M	$45.2M	25x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,460.4	+0.169%	$2.1M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0381%	1h	1,460.9	+0.201%	$616K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0448%	1h	1,462.2	+0.289%	$3.8M	$9.1M	50x
Arcus ZEC-USD	+0.0626%	1h	1,459.6	+0.113%	$677K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0673%	1h	1,458.5	+0.037%	$45K	$49K	10x	as long as short