Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2978%/8h= −326.1% APRpaid last 24h −0.356%

Price spread now: Injective against BloFin+0.059%7-day average +0.073% · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.913%−$191 on $10k

Price spread, last 3 days (all we have)+0.354%+$35 · spread now +0.059%, 7d avg +0.073%

Together, before fees−1.560%−$156 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$89 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.913% in total (about -99.8% a year). A funding rate is set anew for every payment. 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	BloFin ZEC-USDT	1,475	−0.0111	get 0.0111% / 8h	54m 16s	$29.4M	$75.9M	75x
Short	Injective ZEC/USDC PERP	1,475.9	−0.3089	pay 0.0386% / 1h	54m 16s	$34K	$275K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +0.059%Rate

Funding earned: −$625.34
Price spread: +0.059% → +0.073%: −$1.44
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$638.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Injective: live order book, 25 min ago. 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 BloFin live order book, 5 min ago	0.10 bp	6.1 bp −$6	6.1 bp −$61	9.9 bp −$995	doesn't fit
Sell Injective live order book, 25 min ago	64.22 bp	doesn't fit	doesn't fit	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 PERPshort	−0.3089%	1h	1,475.9	+0.059%	$34K	$275K	12x
ApeX Omni ZECUSDT	−0.0365%	1h	1,474	−0.065%	$432K	$827K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0312%	1h	1,473.5	−0.101%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0224%	1h	1,475.2	+0.013%	$18.0M	$45.0M	25x	as long as short
BloFin ZEC-USDTlong	−0.0111%	8h	1,475	long leg	$29.4M	$75.9M	75x
Bybit ZECUSDT	−0.0083%	8h	1,474.5	−0.033%	$273.7M	$665.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,475.8	+0.058%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0037%	8h	1,473.4	−0.107%	$47.0M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475	0.000%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.9	+0.064%	$901K	$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	1,475.5	+0.036%	$84K	$404K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,476.2	+0.080%	$616K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,475.8	+0.055%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,475.3	+0.024%	$295K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,475.7	+0.050%	$367K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,475	+0.002%	$180.4M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,475.5	+0.035%	$50.5M	$183.8M	75x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,476	+0.069%	$8K	$8K	5x	as long as short
SoDEX ZEC-USD	+0.0061%	1h	1,475	−0.001%	$227K	$4.5M	10x	as long as short
Phoenix ZEC	+0.0075%	1h	1,475.4	+0.028%	$4.7M	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0093%	1h	1,475.3	+0.018%	$128K	$159K	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,475.4	+0.026%	$177K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,475.9	+0.060%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475.5	+0.035%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476	+0.069%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,476.7	+0.116%	$766.4M	$473.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,475.6	+0.041%	$15.7M	$32.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476	+0.067%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,475.1	+0.006%	$682.5M	$2.47B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,476	+0.069%	$713K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.1	−0.262%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,475	+0.002%	$222.7M	$829.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,475.3	+0.022%	$104.3M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,475.5	+0.033%	$163.0M	$303.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,474.8	−0.016%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.3	−0.113%	$515K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.7	−0.018%	$3.0M	$482K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,475.4	+0.025%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,475.4	+0.028%	$348K	$1.9M	10x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.8	−0.077%	$449K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.6	+0.174%	$3K	$1.2M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,474.5	−0.031%	$2.5M	$23.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.5	+0.031%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475.8	+0.055%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.5	+0.033%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,476.2	+0.079%	$837K	$1.2M	10x	as long as short
Lighter ZEC	+0.0136%	1h	1,476.8	+0.120%	$19.1M	$52.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,477.4	+0.160%	$3.8M	$11.0M	50x	as long as short
Lighter RH ZEC	+0.0504%	1h	1,477.3	+0.155%	$2.0M	$8.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0608%	1h	1,476.2	+0.083%	$2.4M	$3.7M	15x	as long as short
Aftermath Perps ZECUSD	+0.0626%	1h	1,474.3	−0.049%	$46K	$47K	10x	as long as short