Funding you earn now, next payment 01:00 UTC−0.0164%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h +0.014%
Price spread now: Popdex against Deribit−0.072%7-day average −0.071% · 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−$26as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 3 days (all we have)−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)−0.171%−$17 · spread now −0.072%, 7d avg −0.071%
=The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,471.5 | 0.0260 | pay 0.0032% / 1h | 3m 51s | $605K | $1.3M | 25x |
| Short | Popdex ZECUSDT | 1,470.4 | 0.0096 | get 0.0012% / 1h | 3m 51s | $173K | $1.8M | 50x |
Deribit ZEC_USDC-PERPETUAL
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Deribit. 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
- −$34.39
- Price spread: −0.072% → −0.071%
- −$0.12
- Slippage, 4 orders
- −$12.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$60.41
- Costs to cover
- 0.259%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 5 min ago; Popdex: live order book, just now.
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 Deribit live order book, 5 min ago | 4.15 bp | 8.5 bp −$9 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Popdex live order book, just now | 0.92 bp | 4.8 bp −$5 | 8.3 bp −$83 | 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 | 1,471.4 | −0.009% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470.9 | −0.037% | $17.9M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0122% | 1h | 1,467.7 | −0.257% | $400K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0117% | 8h | 1,469.7 | −0.119% | $29.6M | $72.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.6 | −0.060% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0015% | 8h | 1,469.6 | −0.128% | $47.7M | $33.3M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.9 | −0.041% | $414K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,469.9 | −0.110% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471 | −0.030% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.2 | −0.087% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow 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 | −0.047% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0022% | 8h | 1,470.4 | −0.077% | $294K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.5 | −0.066% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,470.7 | −0.051% | $378K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0067% | 8h | 1,470.1 | −0.094% | $181.3M | $1.29B | 50x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,470.4 | −0.072% | $173K | $1.8M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,470 | −0.102% | $12K | $847K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.9 | −0.041% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.2 | −0.084% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.1 | +0.042% | $766.6M | $451.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.3 | −0.012% | $14.9M | $31.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.9 | −0.043% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.2 | −0.091% | $683.3M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,469.9 | −0.107% | $272.8M | $627.6M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.9 | +0.028% | $692K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.250% | $893K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,470.7 | −0.051% | $50.3M | $182.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.6 | −0.064% | $218.4M | $832.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.8 | −0.044% | $104.1M | $55.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471 | −0.035% | $163.7M | $289.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.3 | −0.078% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.6 | +0.005% | $573K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.6 | −0.128% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.7 | −0.119% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.2 | −0.089% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.6 | −0.060% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.6 | −0.058% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.1 | −0.161% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473 | +0.103% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.068% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471 | −0.033% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471.4 | −0.004% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.8 | −0.045% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.8 | −0.046% | $53K | $162K | 20x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,472.3 | +0.055% | $19.2M | $50.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,470.9 | −0.039% | $854K | $1.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0260% | 1h | 1,471.5 | long leg | $605K | $1.3M | 25x | |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472.8 | +0.090% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0510% | 1h | 1,472 | +0.034% | $2.5M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0688% | 1h | 1,473.5 | +0.138% | $2.1M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0746% | 1h | 1,470.5 | −0.070% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD