ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0530%/8h= −58.0% APRnext payment −$0.66 per $10,000 · paid last 24h −0.030%

Price spread now: Popdex against Arcus−0.066%7-day average −0.040% · 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−$19as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Arcus Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.052%−$5 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.066%, 7d avg −0.040%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Popdex is 0.026% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.052% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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	Arcus ZEC-USD	1,461.7	0.0626	pay 0.0078% / 1h	15m 07s	$683K	$8.3M	10x
Short	Popdex ZECUSDT	1,460.7	0.0096	get 0.0012% / 1h	15m 07s	$173K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Arcus. 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 ArcusbpFee PopdexbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$111.23
Price spread: −0.066% → −0.040%: −$2.62
Slippage, 4 orders: −$5.19
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$129.94
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Popdex: live order book, 4 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 Arcus live order book, 4 min ago	0.02 bp	2.5 bp −$2	6.4 bp −$64	doesn't fit	doesn't fit
Sell Popdex live order book, 4 min ago	0.14 bp	3.7 bp −$4	5.8 bp −$58	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	−0.3166%	1h	1,445.2	−1.125%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.2	−0.099%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,460.4	−0.086%	$29.5M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.7	−0.132%	$411K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460.9	−0.056%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,460.1	−0.106%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.5	−0.079%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460.5	−0.080%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0069% / S −0.0020%	1h	1,460.4	−0.087%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,461	−0.047%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDTshort	+0.0096%	1h	1,460.7	−0.066%	$173K	$1.7M	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,460.9	−0.056%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.8	−0.061%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.5	−0.083%	$2.8M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,461.8	+0.009%	$760.2M	$432.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.6	−0.076%	$14.8M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.9	−0.054%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.6	−0.076%	$671.4M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.9	−0.123%	$262.1M	$602.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.5	−0.081%	$178.4M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,458.4	−0.224%	$396K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.2	−0.305%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,460.3	−0.095%	$50.7M	$175.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,460.6	−0.073%	$216.5M	$774.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.6	−0.076%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461	−0.050%	$166.2M	$271.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,460.6	−0.077%	—	$105.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,459.3	−0.163%	$47.9M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.6	−0.139%	$568K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,460.7	−0.069%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,460.8	−0.062%	$405K	$940K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.6	−0.073%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.6	−0.073%	$355K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.4	−0.087%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.6	−0.140%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.9	+0.082%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.5	−0.084%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.8	−0.125%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.2	−0.101%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.5	−0.083%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460.4	−0.089%	$47K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0120%	1h	1,461.2	−0.033%	$617K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0123%	1h	1,460.1	−0.108%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0134%	1h	1,461.1	−0.038%	$2.4M	$3.8M	15x	as long as short
Lighter ZEC	+0.0256%	1h	1,461.9	+0.016%	$19.2M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,460.4	−0.084%	$18.1M	$45.0M	25x	as long as short
Lighter RH ZEC	+0.0368%	1h	1,461.9	+0.014%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,460.8	−0.061%	$925K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,462.5	+0.058%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USDlong	+0.0626%	1h	1,461.7	long leg	$683K	$8.3M	10x
Aftermath Perps ZECUSD	+0.0681%	1h	1,461.1	−0.039%	$45K	$49K	10x	as long as short