Funding you earn now, next payment 06:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.026%
Price spread now: Popdex against gTrade (Gains Network)+0.016%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2792.786% of the position
Funding, last 3 days (all we have)+0.089%+$9 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.016%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ZEC/USD | 1,464 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 46m 43s | $5.2M | — | 150x |
| Short | Popdex ZECUSDT | 1,464.3 | 0.0096 | get 0.0012% / 1h | 46m 43s | $173K | $1.6M | 50x |
gTrade (Gains Network) ZEC/USD
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against gTrade (Gains Network). 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
- $18.72
- Price spread: +0.016% → +0.005%
- $1.18
- Slippage, 4 orders
- −$262.22
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$258.73
- Costs to cover
- 2.786%
- Break-even
- 103.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.03 bp | 135.0 bp −$135 | 425.9 bp −$4,259 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Popdex live order book, 2 min ago | 0.27 bp | 4.2 bp −$4 | 9.0 bp −$90 | 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 | −0.3243% | 1h | 1,467.5 | +0.234% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.2 | +0.081% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,462.3 | −0.122% | $29.6M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462 | −0.142% | $406K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464 | 0.000% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.2 | +0.014% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USDlong | L +0.0007% / S −0.0006% | 1h | 1,464 | long leg | $5.2M | — | 150x | |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,464.5 | +0.031% | $8K | $7K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,463.8 | −0.014% | $292K | $900K | 20x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,468.3 | +0.288% | $4.7M | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0093% / S −0.0046% | 1h | 1,463.8 | −0.013% | $436K | — | 100x | as long as short |
| Bybit ZECUSDT | +0.0096% | 8h | 1,461.1 | −0.200% | $260.1M | $588.3M | 75x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,463.2 | −0.059% | $2.1M | $7.1M | 10x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,464.3 | +0.016% | $173K | $1.6M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,463.3 | −0.049% | $13K | $805K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462 | −0.136% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.6 | +0.108% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462.8 | −0.085% | $761.7M | $419.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.5 | −0.171% | $14.4M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462 | −0.142% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.7 | −0.163% | $674.3M | $2.17B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,461.5 | −0.171% | $178.0M | $1.20B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,463.4 | −0.044% | $397K | $429K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,464.4 | +0.026% | $885K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,461.6 | −0.167% | $52.6M | $170.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.7 | −0.163% | $218.1M | $758.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.8 | −0.154% | $102.9M | $52.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.8 | −0.085% | $165.7M | $267.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,462.8 | −0.083% | — | $107.8M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,469.8 | +0.393% | $48.2M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.4 | +0.226% | $573K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.6 | +0.309% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.8 | +0.391% | $406K | $923K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,466.1 | +0.137% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.2 | +0.011% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.007% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,463 | −0.070% | $447K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,466.4 | +0.161% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.010% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.5 | −0.174% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.111% | $3.9M | $4.7M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.4 | −0.110% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.9 | −0.007% | $47K | $151K | 20x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,462.9 | −0.076% | $19.3M | $43.8M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0147% | 1h | 1,461.5 | −0.177% | $17.9M | $45.6M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,463.1 | −0.065% | $925K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0189% | 1h | 1,464.9 | +0.057% | $617K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0295% | 1h | 1,463.3 | −0.053% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,463.6 | −0.033% | $3.7M | $9.2M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,464.2 | +0.012% | $673K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0674% | 1h | 1,466.5 | +0.165% | $45K | $49K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
Bybit ZECUSDT
Lighter RH ZEC
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD