Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Bulk against Popdex−0.214%7-day average −0.025% · 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−$40as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 3 days (all we have)−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.214%, 7d avg −0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.189% cheaper against Popdex than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex ZECUSDT | 1,473.9 | 0.0096 | pay 0.0012% / 1h | 55m 20s | $175K | $1.9M | 50x |
| Short | Bulk ZEC-USD | 1,470.8 | 0.0100 | get 0.0013% / 1h | 55m 20s | $895K | $33K | 10x |
Popdex ZECUSDT
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Popdex. 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: −0.214% → −0.025%
- −$18.93
- Slippage, 4 orders
- −$8.04
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$39.53
- Costs to cover
- 0.214%
- Break-even
- 336.4 days
Slippage from Popdex: live order book, 4 min ago; Bulk: live order book, 19 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 Popdex live order book, 4 min ago | 1.67 bp | 4.9 bp −$5 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 19 min ago | 0.03 bp | 3.5 bp −$4 | 3.6 bp −$36 | 6.1 bp −$607 | 14.1 bp −$7,026 |
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 | 1,475 | +0.072% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,474.4 | +0.036% | $17.9M | $43.7M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,473.3 | −0.042% | $29.7M | $74.7M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0086% | 1h | 1,472.2 | −0.116% | $399K | $516K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.3 | +0.028% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0060% | 8h | 1,472.4 | −0.103% | $47.7M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.7 | +0.056% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.4 | +0.031% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,473.9 | 0.000% | $84K | $406K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.1 | +0.012% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex ZECUSDT | +0.0007% | 8h | 1,474.6 | +0.043% | $3.9M | $5.4M | 50x | as long as short |
| Bybit ZECUSDT | +0.0011% | 8h | 1,473.4 | −0.037% | $275.2M | $647.7M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,473.8 | −0.009% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.8 | −0.214% | $4.7M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,473.7 | −0.012% | $182.1M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,474 | +0.003% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,474 | +0.006% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.8 | +0.130% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,473.9 | long leg | $175K | $1.9M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,474.7 | +0.051% | $12K | $851K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.7 | −0.011% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.5 | +0.041% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.1 | +0.081% | $764.8M | $473.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474 | +0.008% | $15.0M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.5 | +0.039% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.9 | −0.004% | $684.7M | $2.45B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475.2 | +0.088% | $693K | $8.5M | 10x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,470.8 | −0.214% | $895K | $33K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474 | +0.006% | $51.3M | $177.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.9 | −0.004% | $229.9M | $819.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.9 | +0.001% | $104.7M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.3 | +0.023% | $164.0M | $300.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,473.6 | −0.020% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472 | −0.133% | $550K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.1 | +0.013% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,472.7 | −0.081% | $432K | $851K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474 | +0.009% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,473.6 | −0.021% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,473.7 | −0.016% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.1 | −0.123% | $459K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.1 | +0.147% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.2 | +0.019% | $243K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.6 | −0.018% | $2.5M | $22.5M | 75x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.5 | +0.037% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.1 | −0.125% | $29K | $203K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0137% | 1h | 1,475.2 | +0.086% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,474.7 | +0.055% | $841K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,476.7 | +0.191% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0584% | 1h | 1,476.5 | +0.174% | $2.0M | $7.9M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0624% | 1h | 1,475.4 | +0.098% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0776% | 1h | 1,473.8 | −0.006% | $46K | $46K | 10x | as long as short |
Phemex ZECUSDT
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD