Funding you earn now, next payment 04:00 UTC−0.3262%/8h= −357.2% APRnext payment −$4.08 per $10,000 · paid last 24h −0.616%
Price spread now: Injective against Popdex−0.118%46s7-day average +0.074% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.597%−$60 on $10k
+Price spread, last 4 days (all we have)+1.094%+$109 · spread now −0.118%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$98 a day on $10k at the current rate, and Injective is 0.192% cheaper against Popdex than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.074%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.597% in total (about -60.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.08 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex ZECUSDT | 1,459.7 | 0.0096 | pay 0.0012% / 1h | 0m 20s | $173K | $1.7M | 50x |
| Short | Injective ZEC/USDC PERP | 1,457.9 | −0.3166 | pay 0.0396% / 1h | 0m 20s | $34K | $272K | 12x |
Popdex ZECUSDT
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$685.06
- Price spread: −0.118% → +0.074%
- −$19.2
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$710.68
- Costs to cover
- 0.064%
- Break-even
- never at this rate
Slippage unknown: Popdex: live order book, 4 min ago; Injective: live order book, 59 min ago. Net counts fees only.
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, 4 min ago | 0.10 bp | 3.8 bp −$4 | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell Injective live order book, 59 min ago | 48.95 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3166% | 1h | 1,457.9 | −0.118% | $34K | $272K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458.3 | −0.092% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,459.1 | −0.038% | $29.5M | $71.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.2 | −0.100% | $411K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.6 | −0.072% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460 | +0.026% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460 | +0.026% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,460 | +0.023% | $292K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0071% / S −0.0023% | 1h | 1,460.1 | +0.029% | $410K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,460.3 | +0.042% | $8K | $7K | 5x | as long as short |
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,459.7 | long leg | $173K | $1.7M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,459.6 | −0.001% | $10K | $858K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,459.4 | −0.019% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,459.6 | −0.005% | $2.9M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.8 | +0.147% | $760.4M | $431.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,459.3 | −0.024% | $14.8M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,459.5 | −0.011% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.4 | +0.049% | $670.8M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,459.6 | −0.007% | $262.0M | $602.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,460 | +0.024% | $178.5M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,457.6 | −0.141% | $396K | $442K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | −0.145% | $880K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,460.1 | +0.032% | $50.6M | $175.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.3 | +0.046% | $215.5M | $777.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.9 | +0.016% | $103.0M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.3 | +0.040% | $166.0M | $270.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,459.4 | −0.016% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,457.6 | −0.140% | $47.8M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,458.8 | −0.060% | $568K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.1 | −0.037% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.1 | −0.040% | $405K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,457.7 | −0.138% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460 | +0.023% | $354K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.3 | +0.046% | $161K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,458.9 | −0.054% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460.5 | +0.060% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,458.4 | −0.084% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458 | −0.114% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.2 | −0.031% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,459.2 | −0.032% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460 | +0.022% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,458.7 | −0.067% | $4.6M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0189% | 1h | 1,459.4 | −0.019% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,460.5 | +0.059% | $19.3M | $46.0M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0277% | 1h | 1,458.4 | −0.084% | $18.0M | $45.2M | 25x | as long as short |
| Lighter RH ZEC | +0.0312% | 1h | 1,460.7 | +0.069% | $2.1M | $7.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0319% | 1h | 1,459.2 | −0.032% | $616K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,459.6 | −0.006% | $924K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,459.9 | +0.018% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,460.5 | +0.056% | $679K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0678% | 1h | 1,459.2 | −0.028% | $45K | $49K | 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-USDC
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
Phoenix ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD