Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Popdex against Derive+0.097%45s7-day average +0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 3 days (all we have)−0.679%−$68 · spread now +0.097%, 7d avg +0.064%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.033% dearer against Derive than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 45 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 | Derive ZEC-PERP | 1,463.6 | 0.0100 | pay 0.0013% / 1h | 58m 29s | $447K | $498K | 6.7x |
| Short | Popdex ZECUSDT | 1,465 | 0.0096 | get 0.0012% / 1h | 58m 29s | $174K | $2.0M | 50x |
Derive ZEC-PERP
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Derive. 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
- −$0.84
- Price spread: +0.097% → +0.064%
- $3.27
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$9.97
- Costs to cover
- 0.124%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Popdex: live order book, 1 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 Derive no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, 1 min ago | 0.75 bp | 4.3 bp −$4 | 7.8 bp −$78 | doesn't fit | doesn't fit |
Derive: 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 | −0.3310% | 1h | 1,446.2 | −1.192% | $33K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,464.7 | +0.072% | $17.8M | $44.9M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0089% | 8h | 1,464.7 | +0.076% | $29.1M | $75.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.7 | −0.063% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0042% | 8h | 1,463.8 | +0.016% | $270.9M | $679.8M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0039% | 1h | 1,462.3 | −0.089% | $396K | $517K | 5x | as long as short |
| Variational Omni ZEC | −0.0018% | 8h | 1,461.1 | −0.168% | $46.6M | $34.3M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,464.8 | +0.079% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,465.2 | +0.109% | $939K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.5 | +0.063% | $83K | $401K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Ondo Perps ZEC-USD.P
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,465.8 | +0.153% | $596K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,465.4 | +0.124% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0011% / S +0.0077% | 1h | 1,465.3 | +0.118% | $560K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,464.9 | +0.092% | $294K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0055% | 8h | 1,464.6 | +0.071% | $175.3M | $1.37B | 50x | as long as short |
| Gate ZEC_USDT | +0.0058% | 8h | 1,465.1 | +0.100% | $50.1M | $182.8M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,465.6 | +0.139% | $8K | $8K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.5 | +0.130% | $14K | $865K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,466.8 | +0.222% | $18.9M | $52.2M | 20x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,465 | +0.097% | $174K | $2.0M | 50x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.1 | +0.101% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.7 | +0.146% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,465.7 | +0.143% | $760.1M | $495.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.2 | +0.108% | $15.4M | $33.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.7 | +0.143% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465 | +0.096% | $670.1M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.192% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.4 | +0.122% | $224.4M | $847.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.3 | +0.113% | $103.5M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,464.6 | +0.070% | $162.1M | $311.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,464.8 | +0.085% | — | $102.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,462 | −0.109% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,462.6 | −0.069% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,462.4 | −0.085% | $429K | $817K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.8 | +0.151% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.8 | +0.082% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,464.9 | +0.088% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,463.6 | long leg | $447K | $498K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.3 | +0.253% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465.1 | +0.100% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465 | +0.095% | $2.4M | $24.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.7 | +0.075% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,461.8 | −0.125% | $4.6M | $1.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,465.5 | +0.130% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.2 | +0.109% | $37K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,465.7 | +0.142% | $844K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0411% | 1h | 1,466.3 | +0.183% | $2.3M | $4.1M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,467.3 | +0.255% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,465.5 | +0.131% | $738K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,467.4 | +0.260% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0506% | 1h | 1,462.6 | −0.070% | $40K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Lighter ZEC
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Lighter RH ZEC
Aftermath Perps ZECUSD