ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%

Price spread now: Popdex against dYdX−0.070%7-day average +0.006% · 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−$115as in the Price arb table

costs, in and out, $10k−$1071.070% of the position

Long on dYdX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.070%, 7d avg +0.006%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.076% cheaper against dYdX than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.006%). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.015% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZEC-USD	1,497.1	0	get 0.0000% / 1h	48m 20s	$412K	$37K	5x
Short	Popdex ZECUSDT	1,496	0.0096	get 0.0012% / 1h	48m 20s	$169K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against dYdX. 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 dYdXbpFee PopdexbpOrdersPrice spread, now −0.070%Rate

Funding earned: $20.16
Price spread: −0.070% → +0.006%: −$7.63
Slippage, 4 orders: −$90.61
Fee dYdX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$94.48
Costs to cover: 1.070%
Break-even: 39.8 days

Slippage from dYdX: live order book, 64 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 dYdX live order book, 64 min ago	37.84 bp	42.8 bp −$43	89.4 bp −$894	144.2 bp −$14.4K	691.7 bp −$345.9K
Sell Popdex live order book, 4 min ago	6.96 bp	10.7 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,490.6	−0.434%	$36K	$267K	12x	as long as short
ApeX Omni ZECUSDT	−0.0282%	1h	1,498.8	+0.116%	$410K	$949K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0219%	1h	1,496.7	−0.024%	$408K	$497K	5x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,498.2	+0.075%	$32.0M	$72.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0093%	1h	1,500.6	+0.236%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.436%	$6K	$1K	10x	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,497.1	long leg	$412K	$37K	5x
Kalshi KXZECPERP	0.0000%	8h	1,498.9	+0.124%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.8	−0.085%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.433%	$5.4M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0024%	1h	1,496.1	−0.063%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,495.9	−0.078%	$919K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0049%	1h	1,497.1	+0.005%	$682K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.456%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,496	−0.069%	$302K	$826K	20x	as long as short
Aster ZECUSDT	+0.0089%	8h	1,496	−0.071%	$14.0M	$27.4M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,497.6	+0.034%	$19.9M	$39.1M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,498	+0.059%	$2.0M	$7.1M	10x	as long as short
Popdex ZECUSDTshort	+0.0096%	1h	1,496	−0.070%	$169K	$1.4M	50x
Katana Perps ZEC-USD	+0.0097%	8h	1,495.2	−0.123%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,497	−0.007%	$18.4M	$46.0M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,496.2	−0.057%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.6	−0.032%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,497.3	+0.016%	$786.8M	$430.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497	−0.004%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496.2	−0.056%	$703.3M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496	−0.069%	$274.3M	$588.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.2	−0.059%	$185.0M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,497.2	+0.011%	$596K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,496	−0.071%	$62.6M	$172.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.4	−0.042%	$180.4M	$826.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,495.9	−0.077%	$104.8M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.3	−0.053%	$163.4M	$278.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,495.6	−0.098%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,497.5	+0.029%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.2	+0.142%	$49.3M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.3	+0.149%	$548K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503	+0.398%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,498.4	+0.090%	$111K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.3	−0.051%	$367K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.4	−0.046%	$166K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,498.6	+0.104%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496.5	−0.040%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.8	+0.051%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.2	+0.073%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.565%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.4	−0.043%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496	−0.071%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,502.3	+0.351%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,499.8	+0.179%	$3.9M	$9.4M	50x	as long as short