Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%

Price spread now: Popdex against Aster−0.012%52s7-day average +0.023% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.209% of the position

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.012%, 7d avg +0.023%

Together, before fees+0.091%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.035% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 52 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	Aster ZECUSDT	1,470	0.0100	pay 0.0100% / 8h	7h 31m	$14.9M	$31.8M	75x
Short	Popdex ZECUSDT	1,469.9	0.0096	get 0.0012% / 1h	31m 47s	$176K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Aster. 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 AsterbpFee PopdexbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.84
Price spread: −0.012% → +0.023%: −$3.53
Slippage, 4 orders: −$6.48
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$25.25
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Popdex: live order book, 2 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 Aster live order book, 2 min ago	1.05 bp	5.1 bp −$5	6.8 bp −$68	23.8 bp −$2,377	93.1 bp −$46.5K
Sell Popdex live order book, 2 min ago	1.19 bp	4.5 bp −$5	6.7 bp −$67	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	−0.3321%	1h	1,470.2	+0.011%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,470.8	+0.053%	$17.9M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0142%	1h	1,468.5	−0.105%	$399K	$519K	5x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,470.4	+0.024%	$29.8M	$73.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.5	+0.034%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0062%	8h	1,469	−0.069%	$273.9M	$635.2M	75x	as long as short
Variational Omni ZEC	−0.0056%	8h	1,468.2	−0.127%	$47.6M	$34.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.9	−0.010%	$414K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.7	+0.181%	$959K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.9	−0.010%	$83K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.8	+0.050%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,470.6	+0.040%	$294K	$1.3M	20x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,470.1	+0.002%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,469.3	−0.050%	$181.8M	$1.30B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,470.8	+0.051%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,470.7	+0.046%	$378K	—	100x	as long as short
Popdex ZECUSDTshort	+0.0096%	1h	1,469.9	−0.012%	$176K	$1.8M	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,469.4	−0.044%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.3	−0.052%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470	−0.006%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.3	+0.086%	$763.0M	$454.9M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,470	long leg	$14.9M	$31.8M	75x
Pacifica ZEC	+0.0100%	1h	1,470.3	+0.021%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,469.4	−0.042%	$683.7M	$2.38B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471	+0.065%	$697K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471	+0.064%	$895K	$25K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,470	−0.004%	$51.2M	$179.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.4	+0.022%	$231.2M	$825.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.3	+0.019%	$105.0M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.5	+0.028%	$163.6M	$293.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,470.2	+0.012%	—	$100.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.4	−0.111%	$571K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.3	−0.118%	$3.0M	$466K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470	−0.006%	$430K	$860K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470	−0.004%	$110K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.2	+0.011%	$333K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.5	+0.033%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.9	−0.075%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472	+0.134%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.6	+0.035%	$242K	$4.0M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469	−0.071%	$2.5M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471	+0.065%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.3	+0.016%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.4	+0.022%	$56K	$167K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0140%	1h	1,471.4	+0.094%	$605K	$1.3M	25x	as long as short
Lighter ZEC	+0.0192%	1h	1,471.9	+0.125%	$19.2M	$50.4M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,470	−0.006%	$850K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,471.3	+0.083%	$3.8M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0523%	1h	1,471.1	+0.073%	$2.5M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0778%	1h	1,471.3	+0.084%	$44K	$47K	10x	as long as short
Lighter RH ZEC	+0.0800%	1h	1,472.8	+0.188%	$2.0M	$8.1M	10x	as long as short