Funding you earn now, next payment 03:00 UTC−0.0131%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h +0.015%
Price spread now: Popdex against Deribit−0.354%7-day average −0.070% · 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−$55as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 4 days (all we have)−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.354%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Popdex is 0.284% cheaper against Deribit than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,466.7 | 0.0227 | pay 0.0028% / 1h | 55m 26s | $610K | $1.3M | 25x |
| Short | Popdex ZECUSDT | 1,461.5 | 0.0096 | get 0.0012% / 1h | 55m 26s | $173K | $1.8M | 50x |
Deribit ZEC_USDC-PERPETUAL
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Deribit. 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
- −$27.55
- Price spread: −0.354% → −0.070%
- −$28.42
- Slippage, 4 orders
- −$13.3
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$82.67
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 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 Deribit live order book, 4 min ago | 3.95 bp | 8.4 bp −$8 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 4 min ago | 2.04 bp | 5.3 bp −$5 | 12.1 bp −$121 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3244% | 1h | 1,469.5 | +0.192% | $34K | $272K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0430% | 1h | 1,464 | −0.188% | $426K | $879K | 50x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.7 | −0.277% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0076% | 1h | 1,465.5 | −0.082% | $397K | $440K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.7 | −0.275% | $412K | $47K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466.9 | +0.011% | $970K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.2 | −0.374% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461.2 | −0.379% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0033% | 8h | 1,460.5 | −0.426% | $292K | $983K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,461.2 | −0.373% | $382K | — | 100x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,462.3 | −0.298% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,466.4 | −0.019% | $4.6M | $1.4M | 10x | as long as short |
| Variational Omni ZEC | +0.0084% | 8h | 1,465.1 | −0.113% | $47.8M | $32.1M | — | as long as short |
| OKX ZEC-USDT-SWAP | +0.0096% | 8h | 1,460.9 | −0.398% | $180.1M | $1.23B | 50x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,461.5 | −0.354% | $173K | $1.8M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,461.6 | −0.351% | $19K | $846K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462 | −0.320% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.6 | −0.277% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462 | −0.321% | $762.2M | $435.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.2 | −0.372% | $14.6M | $28.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.3 | −0.303% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461 | −0.387% | $675.3M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,461 | −0.389% | $271.0M | $604.8M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.6 | −0.283% | $888K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,461.1 | −0.386% | $49.9M | $169.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.9 | −0.395% | $215.0M | $768.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.7 | −0.409% | $102.7M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.9 | −0.395% | $162.2M | $275.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,460.8 | −0.404% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.3 | −0.099% | $570K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | −0.053% | $3.0M | $430K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.062% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,461.3 | −0.369% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461.2 | −0.376% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.6 | −0.147% | $447K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.7 | +0.067% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466 | −0.049% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465.7 | −0.069% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.7 | −0.136% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.7 | −0.345% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.8 | −0.062% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,463.3 | −0.231% | $19.1M | $45.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0136% | 1h | 1,464.2 | −0.169% | $2.1M | $6.8M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0194% | 1h | 1,465.9 | −0.057% | $18.0M | $43.7M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0211% | 1h | 1,464.7 | −0.138% | $2.4M | $3.8M | 15x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0227% | 1h | 1,466.7 | long leg | $610K | $1.3M | 25x | |
| Arcus ZEC-USD | +0.0277% | 1h | 1,464.6 | −0.141% | $701K | $8.5M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,462.3 | −0.302% | $850K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,466.5 | −0.012% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0734% | 1h | 1,467.1 | +0.024% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Phoenix ZEC
Variational Omni ZEC
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Lighter RH ZEC
Kraken Futures PF_ZECUSD
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD