ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0275%/8h= −30.1% APRnext payment −$0.34 per $10,000 · paid last 24h −0.017%

Price spread now: Ondo Perps against Popdex−0.075%7-day average −0.052% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.075%, 7d avg −0.052%

Together, before fees−0.042%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Ondo Perps is 0.023% cheaper against Popdex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.016% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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	1,469.6	0.0096	pay 0.0012% / 1h	46m 18s	$176K	$1.9M	50x
Short	Ondo Perps ZEC-USD.P	1,468.5	−0.0179	pay 0.0022% / 1h	46m 18s	$398K	$515K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$57.79
Price spread: −0.075% → −0.052%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$71.45
Costs to cover: 0.114%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	0.07 bp	3.6 bp −$4	6.3 bp −$63	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3089%	1h	1,472.8	+0.220%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,470.7	+0.075%	$17.9M	$44.4M	25x	as long as short
ApeX Omni ZECUSDT	−0.0190%	1h	1,472.5	+0.194%	$432K	$830K	50x	as long as short
Ondo Perps ZEC-USD.Pshort	−0.0179%	1h	1,468.5	−0.075%	$398K	$515K	5x
BloFin ZEC-USDT	−0.0105%	8h	1,468	−0.112%	$29.4M	$75.3M	75x	as long as short
Bybit ZECUSDT	−0.0092%	8h	1,469.6	+0.002%	$273.5M	$657.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.9	+0.018%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0040%	8h	1,471.8	+0.150%	$46.8M	$33.6M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.7	−0.061%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.2	−0.095%	$902K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,470.5	+0.061%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.9	+0.086%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,470.7	+0.074%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.1	+0.236%	$4.6M	$1.6M	10x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,470.3	+0.046%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0037%	8h	1,470.2	+0.044%	$180.4M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,470.5	+0.064%	$50.6M	$184.6M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0011%	1h	1,470.8	+0.081%	$365K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472	+0.164%	$19.1M	$52.1M	20x	as long as short
Popdex ZECUSDTlong	+0.0096%	1h	1,469.6	long leg	$176K	$1.9M	50x
Katana Perps ZEC-USD	+0.0097%	8h	1,468.4	−0.079%	$13K	$830K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.5	−0.004%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.2	+0.040%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.8	+0.150%	$763.0M	$475.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.4	+0.053%	$15.1M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469.9	+0.020%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.6	+0.071%	$681.3M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,470.9	+0.087%	$726K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472	+0.164%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.5	+0.061%	$224.5M	$833.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.4	+0.056%	$103.8M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.6	+0.068%	$162.8M	$302.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,470.5	+0.061%	—	$102.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473	+0.230%	$513K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.8	+0.286%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.1	+0.104%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.3	+0.048%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.4	+0.055%	$127K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.1	−0.033%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.8	+0.214%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.5	+0.061%	$238K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470.5	+0.059%	$2.5M	$23.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.6	+0.071%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.9	+0.092%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.9	+0.090%	$37K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0108%	1h	1,471.6	+0.134%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,470.3	+0.049%	$824K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0410%	1h	1,468.2	−0.098%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,472.2	+0.176%	$3.8M	$10.7M	50x	as long as short
Lighter RH ZEC	+0.0528%	1h	1,472.8	+0.218%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0659%	1h	1,472.2	+0.174%	$46K	$47K	10x	as long as short