Funding you earn now, next payment 04:00 UTC−0.0392%/8h= −42.9% APRnext payment −$0.49 per $10,000 · paid last 24h −0.036%
Price spread now: Popdex against Lighter RH−0.163%7-day average −0.067% · 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−$20as in the Price arb table
costs, in and out, $10k−$100.104% of the position
Funding, last 4 days (all we have)−0.056%−$6 on $10k
+Price spread, last 7 days+0.176%+$18 · spread now −0.163%, 7d avg −0.067%
=Together, before fees+0.121%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Popdex is 0.095% cheaper against Lighter RH than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.056% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,454.6 | 0.0488 | pay 0.0061% / 1h | 39m 21s | $2.0M | $6.9M | 10x |
| Short | Popdex ZECUSDT | 1,452.2 | 0.0096 | get 0.0012% / 1h | 39m 21s | $173K | $1.7M | 50x |
Lighter RH ZEC
Popdex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Lighter RH. 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
- −$82.32
- Price spread: −0.163% → −0.067%
- −$9.54
- Slippage, 4 orders
- −$4.05
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$102.31
- Costs to cover
- 0.104%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 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 Lighter RH live order book, 4 min ago | 1.38 bp | 1.5 bp −$2 | 4.6 bp −$46 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 5 min ago | 0.14 bp | 3.7 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 | −0.3166% | 1h | 1,450 | −0.318% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.7 | −0.133% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,451.3 | −0.227% | $29.2M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,452.5 | −0.146% | $409K | $39K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454 | −0.043% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.7 | −0.200% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.5 | −0.148% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0060% | 8h | 1,452 | −0.181% | $291K | $957K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0066% / S −0.0016% | 1h | 1,452.4 | −0.154% | $408K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,452.4 | −0.151% | $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 | 1,452.2 | −0.163% | $173K | $1.7M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,451.7 | −0.197% | $11K | $872K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.8 | −0.126% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.4 | −0.153% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.2 | −0.097% | $755.8M | $431.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,452.7 | −0.134% | $14.4M | $27.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453 | −0.108% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.7 | −0.132% | $666.6M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.185% | $261.2M | $602.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.1 | −0.175% | $177.3M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.1 | −0.173% | $394K | $445K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450.7 | −0.269% | $875K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,452.5 | −0.144% | $50.0M | $173.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.2 | −0.168% | $215.6M | $770.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.3 | −0.157% | $102.1M | $54.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.3 | −0.156% | $164.9M | $273.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.8 | −0.195% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453.1 | −0.103% | $2.4M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,449.4 | −0.356% | $47.5M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.6 | −0.276% | $565K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | −0.118% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.8 | −0.260% | $403K | $925K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.2 | −0.302% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.7 | −0.200% | $365K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.1 | −0.169% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.5 | −0.216% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.4 | +0.055% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.8 | −0.128% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.6 | −0.204% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.1 | −0.172% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,452 | −0.178% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.3 | −0.158% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,450.5 | −0.285% | $4.6M | $1.3M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0278% | 1h | 1,452.7 | −0.133% | $18.0M | $44.9M | 25x | as long as short |
| Lighter ZEC | +0.0344% | 1h | 1,454.2 | −0.025% | $19.1M | $45.9M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0397% | 1h | 1,453.4 | −0.085% | $610K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,452.4 | −0.149% | $919K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,454.5 | −0.006% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZEClong | +0.0488% | 1h | 1,454.6 | long leg | $2.0M | $6.9M | 10x | |
| Arcus ZEC-USD | +0.0626% | 1h | 1,450.1 | −0.309% | $738K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0675% | 1h | 1,451.2 | −0.231% | $44K | $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
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD