Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.034%
Price spread now: Bybit against Popdex−0.002%7-day average −0.006% · 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−$23as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 4 days (all we have)−0.040%−$4 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.002%, 7d avg −0.006%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex ZECUSDT | 1,501.6 | 0.0096 | pay 0.0012% / 1h | 18m 33s | $172K | $1.6M | 50x |
| Short | Bybit ZECUSDT | 1,501.5 | 0.0100 | get 0.0100% / 8h | 6h 18m | $275.6M | $595.4M | 75x |
Popdex ZECUSDT
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.002% → −0.006%
- $0.39
- Slippage, 4 orders
- −$5.67
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$21.84
- Costs to cover
- 0.231%
- Break-even
- 189.0 days
Slippage from Popdex: live order book, 4 min ago; Bybit: 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 Popdex live order book, 4 min ago | 0.30 bp | 4.4 bp −$4 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.03 bp | 6.6 bp −$7 | 9.0 bp −$90 | 17.1 bp −$1,707 | doesn't fit |
ZEC on 50 exchanges
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 | −0.3772% | 1h | 1,480 | −1.437% | $36K | $274K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0186% | 8h | 1,501.3 | −0.021% | $31.5M | $75.0M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0119% | 1h | 1,501.2 | −0.025% | $46K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,501.1 | −0.029% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0052% | 1h | 1,498.6 | −0.197% | $408K | $507K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,501.5 | −0.003% | $8K | $6K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,501.7 | +0.008% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,500.2 | −0.091% | $62K | $298K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,501 | −0.039% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0009% | 1h | 1,501.1 | −0.029% | $18.4M | $47.0M | 25x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZEC-USD | +0.0010% | 1h | 1,499.9 | −0.109% | $413K | $34K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0075% | 8h | 1,500.1 | −0.097% | $303K | $857K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0077% | 1h | 1,501.8 | +0.017% | $923K | $1.2M | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,502.8 | +0.081% | $19.8M | $41.2M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,503 | +0.097% | $2.1M | $7.3M | 10x | as long as short |
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,501.6 | long leg | $172K | $1.6M | 50x | |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,501.7 | +0.007% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,501.6 | −0.001% | $19K | $879K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,501.4 | −0.010% | $3.1M | $7.2M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,501.8 | +0.016% | $787.3M | $430.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,501.4 | −0.011% | $14.1M | $27.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,502.2 | +0.042% | $1.7M | $2.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,501.8 | +0.019% | $707.8M | $2.23B | 75x | as long as short |
| Bybit ZECUSDTshort | +0.0100% | 8h | 1,501.5 | −0.002% | $275.6M | $595.4M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,501.9 | +0.023% | $185.1M | $1.32B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,502.6 | +0.070% | $596K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,494.1 | −0.499% | $775K | $158K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,501.8 | +0.019% | $61.9M | $184.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,501.8 | +0.019% | $175.4M | $849.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,501.5 | −0.002% | $105.1M | $54.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,501.8 | +0.017% | $163.8M | $284.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,501.4 | −0.010% | — | $122.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,501.9 | +0.024% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.2 | −0.021% | $49.5M | $34.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,501.8 | +0.014% | $549K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,501.7 | +0.012% | $3.1M | $566K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,501.8 | +0.015% | $410K | $958K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,500.5 | −0.072% | $112K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,501 | −0.037% | $371K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,501.1 | −0.031% | $167K | $187K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,503.3 | +0.113% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,500.7 | −0.057% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,501.4 | −0.011% | $2.6M | $20.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,500.8 | −0.050% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,501.8 | +0.018% | $2.7M | $7.4M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,500.5 | −0.069% | $37K | $163K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0120% | 1h | 1,501.4 | −0.013% | $687K | $1.3M | 25x | as long as short |
| Phoenix ZEC | +0.0139% | 1h | 1,502.9 | +0.091% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0163% | 1h | 1,501.1 | −0.032% | $372K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0336% | 1h | 1,502 | +0.032% | $3.9M | $9.7M | 50x | as long as short |
dYdX ZEC-USD
Orderly PERP_ZEC_USDC
RISEx ZEC/USDC
Lighter ZEC
Lighter RH ZEC
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX