ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0368%/8h= −40.3% APRnext payment −$0.46 per $10,000 · paid last 24h −0.076%

Price spread now: Popdex against Coinbase International−0.179%7-day average −0.130% · 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−$35as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Coinbase International Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.385%−$38 · spread now −0.179%, 7d avg −0.130%

Together, before fees−0.586%−$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Popdex is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.130%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,460.6	0.0464	pay 0.0058% / 1h	22m 46s	$3.8M	$9.2M	50x
Short	Popdex ZECUSDT	1,458	0.0096	get 0.0012% / 1h	22m 46s	$174K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Coinbase International. 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 Coinbase InternationalbpFee PopdexbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$77.28
Price spread: −0.179% → −0.130%: −$4.83
Slippage, 4 orders: −$14.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$112.58
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 1 min ago	1.71 bp	9.2 bp −$9	13.1 bp −$131	42.0 bp −$4,205	doesn't fit
Sell Popdex live order book, 1 min ago	0.03 bp	3.8 bp −$4	6.6 bp −$66	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	−0.3042%	1h	1,458	−0.179%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.4	−0.287%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,457.1	−0.239%	$29.4M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.4	−0.285%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,458.1	−0.172%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.6	−0.204%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,457.2	−0.230%	$291K	$942K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0085% / S −0.0035%	1h	1,457.5	−0.210%	$435K	—	100x	as long as short
Popdex ZECUSDTshort	+0.0096%	1h	1,458	−0.179%	$174K	$1.7M	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,458.3	−0.161%	$14K	$818K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.7	−0.267%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458.7	−0.132%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.9	−0.253%	$14.5M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.2	−0.232%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.7	−0.268%	$670.4M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.1	−0.309%	$261.0M	$597.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.4	−0.288%	$178.6M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.9	−0.253%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.9	−0.185%	$881K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,457	−0.250%	$51.4M	$171.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.7	−0.267%	$219.0M	$770.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.3	−0.226%	$102.8M	$53.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.1	−0.242%	$165.7M	$269.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,457.1	−0.243%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455.5	−0.352%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.2	−0.303%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.277%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.4	−0.285%	$402K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.3	−0.296%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.7	−0.199%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.6	−0.207%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.3	−0.291%	$445K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.3	−0.020%	$4K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.4	−0.223%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.6	−0.272%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.8	−0.190%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.7	−0.267%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.2	−0.236%	$47K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,458	−0.177%	$2.1M	$7.0M	10x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.6	−0.209%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0128%	1h	1,458.4	−0.151%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0141%	1h	1,458	−0.178%	$759.2M	$424.2M	10x	as long as short
Lighter ZEC	+0.0144%	1h	1,458.2	−0.162%	$19.3M	$45.2M	20x	as long as short
Kalshi KXZECPERP	+0.0178%	8h	1,459.5	−0.074%	$1.5M	$4.4M	2.2x	as long as short
Backpack ZEC_USDC_PERP	+0.0199%	1h	1,457.8	−0.194%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,458.1	−0.174%	$922K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0311%	1h	1,458.2	−0.162%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,457.2	−0.235%	$18.1M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,459.5	−0.076%	$697K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0464%	1h	1,460.6	long leg	$3.8M	$9.2M	50x
Aftermath Perps ZECUSD	+0.0678%	1h	1,457.1	−0.240%	$45K	$49K	10x	as long as short