Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%
Price spread now: Phemex against Popdex−0.056%7-day average +0.031% · 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−$49as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)+0.306%+$31 · spread now −0.056%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.087% cheaper against Popdex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex ZECUSDT | 1,475.6 | 0.0096 | pay 0.0012% / 1h | 49m 51s | $175K | $1.9M | 50x |
| Short | Phemex ZECUSDT | 1,474.8 | 0.0100 | get 0.0100% / 8h | 7h 49m | $3.9M | $5.4M | 50x |
Popdex ZECUSDT
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Popdex. 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: −0.056% → +0.031%
- −$8.74
- Slippage, 4 orders
- −$22.2
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$48.5
- Costs to cover
- 0.406%
- Break-even
- 411.2 days
Slippage from Popdex: live order book, 4 min ago; Phemex: 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 Popdex live order book, 4 min ago | 0.68 bp | 4.4 bp −$4 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.66 bp | 19.2 bp −$19 | doesn't fit | 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 | 1,477.8 | +0.150% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,474.2 | −0.098% | $18.0M | $43.5M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0192% | 1h | 1,474.7 | −0.063% | $400K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0104% | 8h | 1,473.4 | −0.150% | $29.5M | $74.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.4 | −0.083% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0077% | 8h | 1,473.6 | −0.141% | $275.1M | $646.0M | 75x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,473.2 | −0.165% | $47.9M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475.6 | −0.003% | $416K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.3 | −0.025% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,474.4 | −0.085% | $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
Bybit ZECUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.9 | −0.049% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,474.2 | −0.098% | $294K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,474 | −0.108% | $181.9M | $1.33B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,476.1 | +0.032% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,477 | +0.092% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474.7 | −0.066% | $379K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0089% | 1h | 1,475 | −0.042% | $615K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.9 | +0.019% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,475.6 | long leg | $175K | $1.9M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,475.6 | −0.004% | $13K | $850K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475.6 | −0.003% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.2 | +0.041% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.5 | −0.009% | $765.2M | $459.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.2 | −0.097% | $15.0M | $32.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.8 | +0.012% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.2 | −0.097% | $684.6M | $2.43B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.086% | $692K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.331% | $895K | $33K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.3 | −0.089% | $51.5M | $178.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.3 | −0.087% | $232.3M | $821.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.5 | −0.079% | $105.2M | $56.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.4 | −0.083% | $163.9M | $298.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,473.4 | −0.149% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475.8 | +0.013% | $575K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.2 | +0.108% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.5 | +0.061% | $432K | $858K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.3 | −0.093% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.9 | −0.049% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.073% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.5 | −0.213% | $459K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.8 | +0.145% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474 | −0.110% | $243K | $4.3M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.5 | −0.144% | $2.5M | $22.2M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,474.8 | −0.056% | $3.9M | $5.4M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.5 | −0.075% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.3 | −0.294% | $82K | $250K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,476.5 | +0.056% | $844K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,477 | +0.089% | $3.8M | $10.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0645% | 1h | 1,475.1 | −0.037% | $2.5M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0664% | 1h | 1,476.5 | +0.061% | $2.0M | $8.0M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0784% | 1h | 1,475.5 | −0.006% | $44K | $48K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance 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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD