Funding you earn now, next payment 01:00 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)+0.049%7-day average −0.011% · 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−$273as in the Price arb table
costs, in and out, $10k−$2792.793% of the position
Funding, last 3 days (all we have)+0.082%+$8 on $10k
+Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.049%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.060% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ZEC/USD | 1,474.9 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 50m 19s | $5.2M | — | 150x |
| Short | Popdex ZECUSDT | 1,475.6 | 0.0096 | get 0.0012% / 1h | 50m 19s | $175K | $1.9M | 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: +0.049% → −0.011%
- $6.02
- Slippage, 4 orders
- −$262.86
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$254.52
- Costs to cover
- 2.793%
- Break-even
- 102.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 130.04 bp | 135.0 bp −$135 | 426.0 bp −$4,260 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Popdex live order book, 4 min ago | 0.68 bp | 4.8 bp −$5 | 11.1 bp −$111 | 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 | +0.199% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,474.2 | −0.049% | $18.0M | $43.5M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0192% | 1h | 1,474.7 | −0.014% | $400K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0104% | 8h | 1,473.4 | −0.101% | $29.5M | $74.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.4 | −0.034% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0077% | 8h | 1,473.8 | −0.073% | $275.0M | $645.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,473.2 | −0.116% | $47.9M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475.6 | +0.045% | $416K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.4 | −0.033% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,474.4 | −0.037% | $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/USDlong | L +0.0007% / S −0.0006% | 1h | 1,474.9 | long leg | $5.2M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,474.2 | −0.049% | $294K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,474 | −0.061% | $182.1M | $1.33B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,476.1 | +0.081% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,477 | +0.141% | $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 | −0.017% | $379K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0064% | 8h | 1,474.9 | −0.002% | $51.5M | $178.1M | 75x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0089% | 1h | 1,475 | +0.007% | $615K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,476.8 | +0.125% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,475.6 | +0.049% | $175K | $1.9M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,475.6 | +0.045% | $13K | $850K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475.6 | +0.046% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.2 | +0.090% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,476.5 | +0.108% | $765.7M | $459.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,475.5 | +0.039% | $15.0M | $32.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.8 | +0.061% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.9 | −0.002% | $684.9M | $2.43B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.135% | $692K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.282% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,475.3 | +0.026% | $232.4M | $821.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,476.2 | +0.089% | $105.3M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.2 | −0.049% | $163.9M | $298.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,474.8 | −0.007% | — | $101.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475.8 | +0.062% | $575K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.2 | +0.157% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.5 | +0.110% | $432K | $858K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.3 | −0.044% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.9 | −0.001% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.6 | −0.024% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.5 | −0.164% | $459K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.8 | +0.194% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474 | −0.061% | $243K | $4.3M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.5 | −0.095% | $2.5M | $22.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474.3 | −0.042% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.3 | −0.044% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.3 | −0.245% | $82K | $250K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,476.5 | +0.105% | $844K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,477 | +0.138% | $3.8M | $10.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0654% | 1h | 1,475 | +0.003% | $2.5M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0664% | 1h | 1,476.9 | +0.133% | $2.0M | $8.0M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0784% | 1h | 1,475.5 | +0.043% | $44K | $48K | 10x | as long as short |
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
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
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD