Funding you earn now, next payment 03:00 UTC+0.0159%/8h= +17.4% APRnext payment +$0.20 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against Popdex−0.170%7-day average +0.070% · 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−$53as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 4 days (all we have)+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+1.720%+$172 · spread now −0.170%, 7d avg +0.070%
=Funding pays, the price is against you. Deribit is 0.240% cheaper against Popdex than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of +0.070%). If the spread goes back, that is −$24 on $10k: about 5.0 days of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.020% in total) that is about 43 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex ZECUSDT | 1,452.4 | 0.0096 | pay 0.0012% / 1h | 7m 10s | $173K | $1.7M | 50x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,449.9 | 0.0255 | get 0.0032% / 1h | 7m 10s | $608K | $1.3M | 25x |
Popdex ZECUSDT
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $33.43
- Price spread: −0.170% → +0.070%
- −$24.04
- Slippage, 4 orders
- −$15.86
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$19.88
- Costs to cover
- 0.293%
- Break-even
- 11.2 days
Slippage from Popdex: live order book, 2 min ago; Deribit: 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 | 1.24 bp | 4.4 bp −$4 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 5.40 bp | 9.4 bp −$9 | 16.1 bp −$161 | 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 | −0.3244% | 1h | 1,453.8 | +0.094% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.6 | +0.012% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,450.1 | −0.160% | $29.2M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,452.5 | +0.007% | $409K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.8 | −0.108% | $1.4M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.4 | −0.001% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.1 | −0.020% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0053% | 8h | 1,452 | −0.028% | $291K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0012% | 1h | 1,451.8 | −0.037% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | +0.179% | $4.6M | $1.4M | 10x | 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]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,452.4 | long leg | $173K | $1.7M | 50x | |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,452.6 | +0.015% | $12K | $868K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.9 | +0.035% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.1 | −0.021% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.2 | −0.084% | $754.2M | $433.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,451.6 | −0.052% | $14.5M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,452.8 | +0.027% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,450.1 | −0.158% | $663.9M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.7 | −0.188% | $261.9M | $606.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,450.3 | −0.146% | $177.5M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | +0.201% | $396K | $432K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.349% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,450 | −0.167% | $49.8M | $175.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450.2 | −0.151% | $219.5M | $782.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,450.2 | −0.154% | $101.6M | $55.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.1 | −0.154% | $161.2M | $273.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,449.3 | −0.216% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | +0.275% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.5 | +0.080% | $566K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.8 | +0.101% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,453.1 | +0.046% | $409K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.008% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.7 | −0.047% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.2 | −0.014% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451 | −0.092% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.227% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450.2 | −0.149% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,450.8 | −0.108% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.1 | −0.156% | $3.8M | $5.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.7 | −0.116% | $2.4M | $3.8M | 15x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.8 | −0.179% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.2 | −0.217% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,453.2 | +0.058% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0197% | 1h | 1,449.6 | −0.195% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,451.4 | −0.065% | $19.0M | $46.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0255% | 1h | 1,449.9 | −0.170% | $608K | $1.3M | 25x | |
| Arcus ZEC-USD | +0.0277% | 1h | 1,454.5 | +0.143% | $720K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,451.7 | −0.046% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,453.4 | +0.072% | $831K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,451.3 | −0.077% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0688% | 1h | 1,455.8 | +0.234% | $45K | $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
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
Backpack ZEC_USDC_PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD