Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.022%
Price spread now: Orderly against Popdex+0.183%48s7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.183%, 7d avg +0.012%
=The price spread pays, funding is against you. Orderly is 0.171% dearer against Popdex than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.012%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 4 days (−0.087% in total) that is about 7.2 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex ZECUSDT | 1,504.8 | 0.0096 | pay 0.0012% / 1h | 19m 26s | $140K | $1.7M | 50x |
| Short | Orderly PERP_ZEC_USDC | 1,507.5 | 0.0064 | get 0.0064% / 8h | 2h 19m | $304K | $897K | 20x |
Popdex ZECUSDT
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$6.78
- Price spread: +0.183% → +0.012%
- $17.11
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$2.07
- Costs to cover
- 0.124%
- Break-even
- from the start
Slippage unknown: Popdex: live order book, 5 min ago; Orderly: no order-book sample. 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, 5 min ago | 0.95 bp | 5.4 bp −$5 | 13.9 bp −$139 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1,493 | −0.782% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0108% | 8h | 1,493.9 | −0.726% | $30.3M | $72.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,510.3 | +0.366% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,506.8 | +0.135% | $419K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,504.1 | −0.043% | $1.7M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,502.5 | −0.148% | $86K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,508.8 | +0.265% | $5.4M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0064% | 8h | 1,507.5 | +0.183% | $304K | $897K | 20x | |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,506 | +0.084% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,496 | −0.584% | $4.8M | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,504.8 | long leg | $140K | $1.7M | 50x | |
| Bybit ZECUSDT | +0.0098% | 8h | 1,504 | −0.049% | $272.6M | $608.4M | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,507.3 | +0.169% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,504.2 | −0.039% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,504.7 | −0.005% | $786.7M | $430.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,505.4 | +0.044% | $14.8M | $28.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,507.3 | +0.171% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504.9 | +0.006% | $698.5M | $2.21B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.7 | −0.070% | $181.4M | $1.27B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,502.6 | −0.144% | $403K | $488K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,479.3 | −1.694% | $894K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,505.8 | +0.067% | $54.7M | $176.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,506.2 | +0.094% | $231.4M | $771.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,508.7 | +0.258% | $106.1M | $53.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.3 | −0.096% | $168.8M | $273.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,505.3 | +0.036% | — | $113.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,494.7 | −0.671% | $48.9M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,492.9 | −0.786% | $562K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,481.5 | −1.548% | $3.0M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,481.5 | −1.548% | $410K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,506.5 | +0.113% | $53K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,504.2 | −0.038% | $371K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,509.2 | +0.295% | $166K | $183K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,507.5 | +0.179% | $460K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,510 | +0.346% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,510.5 | +0.377% | $250K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,509.1 | +0.286% | $2.6M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,510.5 | +0.381% | $4.0M | $4.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,505.8 | +0.069% | $13K | $847K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0101% / S −0.0074% | 1h | 1,508.5 | +0.250% | $399K | — | 100x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,505.4 | +0.042% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,508.6 | +0.256% | $46K | $153K | 20x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,508.1 | +0.218% | $2.2M | $7.2M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0142% | 1h | 1,510.5 | +0.381% | $18.4M | $45.9M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,505.4 | +0.041% | $947K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,508.5 | +0.245% | $19.8M | $44.6M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0443% | 1h | 1,512.2 | +0.492% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,512.9 | +0.540% | $3.7M | $9.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,505.6 | +0.058% | $622K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0746% | 1h | 1,483.4 | −1.423% | $49K | $58K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0896% | 1h | 1,510.3 | +0.369% | $645K | $1.3M | 25x | as long as short |
Bybit ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance 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
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
Katana Perps ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD
Deribit ZEC_USDC-PERPETUAL