ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0376%/8h= +41.2% APRnext payment +$0.47 per $10,000 · paid last 24h +0.082%

Price spread now: Coinbase International against Popdex+0.170%7-day average +0.129% · 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−$33as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.188%+$19 on $10k

Price spread, last 3 days (all we have)+0.104%+$10 · spread now +0.170%, 7d avg +0.129%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.041% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex ZECUSDT	1,466.7	0.0096	pay 0.0012% / 1h	42m 34s	$172K	$1.8M	50x
Short	Coinbase International ZEC-PERP-INTX	1,469.2	0.0472	get 0.0059% / 1h	42m 34s	$3.6M	$9.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PopdexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.170%Rate

Funding earned: $78.96
Price spread: +0.170% → +0.129%: $4.11
Slippage, 4 orders: −$20.52
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $46.14
Costs to cover: 0.369%
Break-even: 2.9 days

Slippage from Popdex: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago	1.05 bp	5.0 bp −$5	12.3 bp −$123	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.95 bp	12.8 bp −$13	17.1 bp −$171	46.7 bp −$4,669	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	−0.3678%	1h	1,473.4	+0.453%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.3	+0.041%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0057%	1h	1,463.4	−0.227%	$400K	$515K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,467	+0.017%	$18.0M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.2	+0.034%	$413K	$57K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	+0.402%	$960K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.3	+0.172%	$84K	$264K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.1	+0.027%	$603K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,466.9	+0.010%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.577%	$29.6M	$73.3M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEC	+0.0016%	8h	1,474	+0.496%	$48.1M	$33.4M	—	as long as short
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,466.7	−0.002%	$293K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,467.6	+0.056%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,467.2	+0.034%	$382K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,473.7	+0.476%	$4.7M	$1.5M	10x	as long as short
Gate ZEC_USDT	+0.0081%	8h	1,467.5	+0.052%	$49.8M	$174.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0081%	8h	1,466.8	+0.005%	$181.1M	$1.28B	50x	as long as short
Popdex ZECUSDTlong	+0.0096%	1h	1,466.7	long leg	$172K	$1.8M	50x
Katana Perps ZEC-USD	+0.0100%	8h	1,466.3	−0.030%	$14K	$839K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.9	+0.014%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.7	+0.063%	$2.5M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467.6	+0.056%	$763.4M	$450.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.8	+0.003%	$14.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.7	+0.065%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.5	−0.019%	$680.0M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,466.4	−0.025%	$270.6M	$627.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467	+0.017%	$218.3M	$794.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.1	+0.026%	$103.2M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.7	+0.065%	$162.8M	$286.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,466.4	−0.026%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	+0.516%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.7	+0.404%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.5	+0.530%	$429K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470	+0.224%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.6	+0.196%	$341K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.7	+0.134%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.4	−0.092%	$456K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469	+0.153%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.9	+0.008%	$242K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.6	−0.007%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468	+0.087%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.540%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.1	+0.024%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,466.9	+0.013%	$50K	$164K	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,468.7	+0.136%	$2.0M	$7.1M	10x	as long as short
Lighter ZEC	+0.0240%	1h	1,468.5	+0.123%	$19.2M	$48.0M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,468.5	+0.118%	$696K	$8.7M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,467.7	+0.067%	$852K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0472%	1h	1,469.2	+0.170%	$3.6M	$9.7M	50x
Backpack ZEC_USDC_PERP	+0.0540%	1h	1,467.4	+0.042%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0737%	1h	1,473.6	+0.466%	$44K	$46K	10x	as long as short