Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.012%
Price spread now: Popdex against Gate−0.057%7-day average +0.004% · 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−$290.288% of the position
Funding, last 4 days (all we have)+0.059%+$6 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.057%, 7d avg +0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.061% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZEC_USDT | 1,461.4 | 0.0100 | pay 0.0100% / 8h | 4h 24m | $50.7M | $174.3M | 75x |
| Short | Popdex ZECUSDT | 1,460.6 | 0.0096 | get 0.0012% / 1h | 24m 05s | $173K | $1.7M | 50x |
Gate ZEC_USDT
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Gate. 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: −0.057% → +0.004%
- −$6.1
- Slippage, 4 orders
- −$7.42
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$35.76
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Popdex: live order book, 5 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 Gate live order book, 5 min ago | 0.03 bp | 11.4 bp −$11 | 16.9 bp −$169 | 28.7 bp −$2,868 | 56.5 bp −$28.3K |
| Sell Popdex live order book, 5 min ago | 0.17 bp | 3.6 bp −$4 | 6.0 bp −$60 | 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 | −0.3166% | 1h | 1,460.6 | −0.052% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.9 | −0.031% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,460.7 | −0.049% | $29.3M | $71.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,460.1 | −0.089% | $411K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462.7 | +0.088% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460.8 | −0.042% | $84K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.8 | −0.039% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,460.9 | −0.036% | $292K | $956K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0068% / S −0.0019% | 1h | 1,460.7 | −0.045% | $410K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,460.9 | −0.036% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDTshort | +0.0096% | 1h | 1,460.6 | −0.057% | $173K | $1.7M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,460.6 | −0.056% | $11K | $856K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.5 | −0.064% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460.6 | −0.054% | $2.8M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,462.6 | +0.083% | $760.2M | $431.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.5 | +0.006% | $14.5M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460.8 | −0.041% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.5 | +0.007% | $671.6M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,460.8 | −0.044% | $263.6M | $600.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,461.1 | −0.023% | $178.3M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.7 | −0.389% | $396K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.2 | −0.285% | $880K | $18K | 10x | as long as short |
| Gate ZEC_USDTlong | +0.0100% | 8h | 1,461.4 | long leg | $50.7M | $174.3M | 75x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.4 | +0.001% | $217.2M | $772.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.4 | +0.001% | $102.7M | $53.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,461.6 | +0.014% | $166.5M | $271.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,461.2 | −0.013% | — | $103.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,461.9 | +0.036% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,457.9 | −0.241% | $47.8M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.8 | −0.384% | $567K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,457.4 | −0.276% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457 | −0.302% | $406K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.7 | −0.047% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.6 | −0.054% | $367K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.7 | −0.044% | $161K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460 | −0.094% | $446K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.9 | +0.101% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.3 | −0.008% | $234K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459.8 | −0.112% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460.8 | −0.039% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.9 | −0.034% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.1 | −0.022% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,458.1 | −0.224% | $4.6M | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0191% | 1h | 1,461.8 | +0.031% | $611K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0276% | 1h | 1,461.2 | −0.012% | $18.1M | $45.0M | 25x | as long as short |
| Lighter ZEC | +0.0288% | 1h | 1,462.3 | +0.064% | $19.3M | $45.9M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,460.7 | −0.049% | $924K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,463 | +0.107% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0456% | 1h | 1,462.7 | +0.092% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,461.7 | +0.021% | $688K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0682% | 1h | 1,458.1 | −0.228% | $45K | $49K | 10x | as long as short |
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
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD