Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.056%
Price spread now: Popdex against Kraken Futures+0.086%7-day average −0.034% · 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−$15as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 4 days (all we have)+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.086%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.120% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,491.1 | 0.0012 | pay 0.0001% / 1h | 57m 53s | $18.1M | $46.5M | 25x |
| Short | Popdex ZECUSDT | 1,492.4 | 0.0096 | get 0.0012% / 1h | 57m 53s | $171K | $1.8M | 50x |
Kraken Futures PF_ZECUSD
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Kraken Futures. 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
- $17.71
- Price spread: +0.086% → −0.034%
- $12.01
- Slippage, 4 orders
- −$10.21
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $3.11
- Costs to cover
- 0.266%
- Break-even
- 5.8 days
Slippage from Kraken Futures: live order book, 1 min ago; Popdex: live order book, 1 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 Kraken Futures live order book, 1 min ago | 1.78 bp | 10.5 bp −$11 | 13.9 bp −$139 | 24.0 bp −$2,396 | 299.0 bp −$149.5K |
| Sell Popdex live order book, 1 min ago | 0.40 bp | 3.8 bp −$4 | 9.8 bp −$98 | 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 | −0.3442% | 1h | 1,481 | −0.678% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,490.4 | −0.048% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0144% | 8h | 1,491.3 | +0.011% | $30.8M | $75.0M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0085% | 1h | 1,490.3 | −0.053% | $407K | $552K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,489.3 | −0.120% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0018% | 1h | 1,492.6 | +0.100% | $48K | $64K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,490.4 | −0.048% | $414K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,491.7 | +0.039% | $1.5M | $4.7M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,491.5 | +0.027% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0012% | 1h | 1,491.1 | long leg | $18.1M | $46.5M | 25x |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0029% | 1h | 1,491.8 | +0.049% | $681K | $1.4M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,492.5 | +0.094% | $8K | $7K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0081% | 8h | 1,490.8 | −0.019% | $300K | $1.1M | 20x | as long as short |
| Bulk ZEC-USD | +0.0085% | 1h | 1,492.9 | +0.122% | $902K | $7K | 10x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,492.4 | +0.086% | $171K | $1.8M | 50x | |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,492.2 | +0.077% | $12K | $879K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,491.8 | +0.044% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,492.5 | +0.093% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,491.1 | 0.000% | $778.4M | $448.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,489.6 | −0.098% | $13.9M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,490.8 | −0.021% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,490.4 | −0.044% | $695.1M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,489.8 | −0.090% | $267.1M | $629.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,490.5 | −0.042% | $181.4M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,490.1 | −0.067% | $55.1M | $181.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,490.4 | −0.045% | $243.2M | $784.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,490.2 | −0.061% | $102.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,490.5 | −0.042% | $160.5M | $290.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,489.7 | −0.094% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,489.9 | −0.080% | $48.8M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,491.9 | +0.056% | $571K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,490 | −0.073% | $3.1M | $499K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,491.8 | +0.049% | $411K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,491.4 | +0.019% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,491.7 | +0.041% | $357K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,491.6 | +0.035% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,489.5 | −0.106% | $455K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,493.9 | +0.188% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,490.6 | −0.033% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,491.3 | +0.012% | $2.7M | $20.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,491.1 | +0.003% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,489.7 | −0.092% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,491.1 | −0.002% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,492.2 | +0.074% | $940K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,490.5 | −0.040% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0139% / S −0.0136% | 1h | 1,491.5 | +0.026% | $392K | — | 100x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,491.5 | +0.026% | $19.6M | $44.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0272% | 1h | 1,491.4 | +0.018% | $2.1M | $7.3M | 10x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,493 | +0.129% | $621K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,492.2 | +0.076% | $3.7M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0436% | 1h | 1,491 | −0.008% | $2.3M | $3.9M | 15x | as long as short |
Deribit ZEC_USDC-PERPETUAL
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
RISEx ZEC/USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Lighter RH ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP