Funding you earn now, next payment 07:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.016%
Price spread now: Bulk against Popdex+0.044%7-day average −0.029% · 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−$10as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Funding, last 4 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.044%, 7d avg −0.029%
=The price spread pays, funding is against you. Bulk is 0.073% dearer against Popdex than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.029%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 4 days (−0.045% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.045% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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 | Popdex ZECUSDT | 1,493.9 | 0.0096 | pay 0.0012% / 1h | 55m 46s | $157K | $1.7M | 50x |
| Short | Bulk ZEC-USD | 1,494.5 | −0.0102 | pay 0.0013% / 1h | 55m 46s | $903K | $15K | 10x |
Funding 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
- −$41.67
- Price spread: +0.044% → −0.029%
- $7.26
- Slippage, 4 orders
- −$4.32
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$52.13
- Costs to cover
- 0.177%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 3 min ago; Bulk: live order book, 53 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, 3 min ago | 1.27 bp | 5.0 bp −$5 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 53 min ago | 0.34 bp | 3.8 bp −$4 | 4.6 bp −$46 | 7.3 bp −$727 | 14.3 bp −$7,141 |
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 | −0.3684% | 1h | 1,491.6 | −0.154% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0117% | 8h | 1,493.5 | −0.024% | $30.6M | $74.0M | 75x | as long as short |
| Bulk ZEC-USDshort | −0.0102% | 1h | 1,494.5 | +0.044% | $903K | $15K | 10x | |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,493.8 | −0.007% | $18.1M | $46.3M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,490.4 | −0.236% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,493.8 | −0.007% | $415K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,494.2 | +0.021% | $1.6M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,492.3 | −0.107% | $61K | $288K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,493.9 | 0.000% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0071% | 8h | 1,493.7 | −0.013% | $300K | $1.1M | 20x | as long as short |
Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,493.6 | −0.017% | $4.7M | $1.4M | 10x | as long as short |
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,493.9 | long leg | $157K | $1.7M | 50x | |
| Nado ZEC-PERP | +0.0100% | 1h | 1,494.3 | +0.028% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,494.3 | +0.028% | $14.2M | $29.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,494 | +0.007% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,494.4 | +0.035% | $696.0M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494.4 | +0.034% | $270.3M | $627.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,494.2 | +0.021% | $181.2M | $1.32B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,488.1 | −0.387% | $405K | $478K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,494.8 | +0.060% | $54.4M | $178.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,495.2 | +0.087% | $235.3M | $770.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,494.7 | +0.056% | $102.7M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494.3 | +0.025% | $161.1M | $286.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,494.3 | +0.026% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,493.6 | −0.019% | $48.8M | $33.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,489.7 | −0.279% | $569K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,495.8 | +0.129% | $3.1M | $477K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,494.4 | +0.032% | $414K | $931K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,490.6 | −0.222% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,493.8 | −0.005% | $361K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,493.9 | +0.003% | $165K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,492.7 | −0.079% | $456K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,496.3 | +0.165% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,493.8 | −0.008% | $254K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,492.6 | −0.084% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.2 | +0.022% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,494.2 | +0.025% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,493.4 | −0.031% | $12K | $861K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,495.2 | +0.086% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,493.5 | −0.024% | $45K | $149K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0105% / S −0.0079% | 1h | 1,493.6 | −0.016% | $374K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0128% | 1h | 1,493.9 | +0.002% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,494.2 | +0.022% | $935K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0164% | 1h | 1,495.3 | +0.098% | $2.3M | $3.9M | 15x | as long as short |
| Hyperliquid ZEC | +0.0205% | 1h | 1,495.6 | +0.115% | $779.2M | $440.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0207% | 1h | 1,494.5 | +0.043% | $711K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,495.3 | +0.098% | $604K | $8.6M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0305% | 1h | 1,493.4 | −0.031% | $49K | $63K | 10x | as long as short |
| Lighter ZEC | +0.0312% | 1h | 1,495.9 | +0.132% | $19.6M | $45.3M | 20x | as long as short |
| Lighter RH ZEC | +0.0328% | 1h | 1,496 | +0.144% | $2.1M | $7.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,494.9 | +0.070% | $3.6M | $9.9M | 50x | as long as short |
Popdex ZECUSDT
Bulk ZEC-USD
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Phoenix ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Hyperliquid ZEC
Deribit ZEC_USDC-PERPETUAL
Aftermath Perps ZECUSD
Lighter ZEC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX