Funding you earn now, next payment 02:00 UTC−0.3700%/8h= −405.2% APRnext payment −$4.63 per $10,000 · paid last 24h −0.660%
Price spread now: Injective against Coinbase International+0.031%7-day average −0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.383%−$238 on $10k
+Price spread, last 4 days (all we have)+0.536%+$54 · spread now +0.031%, 7d avg −0.055%
=The price spread pays, funding is against you. Injective is 0.086% dearer against Coinbase International than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.055%): +$9 on $10k if it goes back. Holding the pair costs −$111 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−2.383% in total) that is about 6 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.383% in total (about -124.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.63 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 | Coinbase International ZEC-PERP-INTX | 1,461.5 | 0.0456 | pay 0.0057% / 1h | 42m 39s | $3.6M | $9.0M | 50x |
| Short | Injective ZEC/USDC PERP | 1,462 | −0.3244 | pay 0.0406% / 1h | 42m 39s | $34K | $272K | 12x |
Coinbase International ZEC-PERP-INTX
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Coinbase International. 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
- −$777.08
- Price spread: +0.031% → −0.055%
- $8.62
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$778.48
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 1 min ago; Injective: live order book, 21 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 Coinbase International live order book, 1 min ago | 2.49 bp | 11.9 bp −$12 | 15.1 bp −$151 | 46.5 bp −$4,652 | doesn't fit |
| Sell Injective live order book, 21 min ago | 66.26 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 | −0.3244% | 1h | 1,462 | +0.031% | $34K | $272K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461.5 | +0.002% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,459.5 | −0.137% | $29.6M | $71.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,459.1 | −0.161% | $411K | $45K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460.6 | −0.062% | $963K | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,459.3 | −0.153% | $83K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,459.6 | −0.129% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0037% | 8h | 1,459.8 | −0.115% | $292K | $977K | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0053% | 1h | 1,459 | −0.170% | $396K | $433K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0009% | 1h | 1,459.8 | −0.114% | $378K | — | 100x | as long as short |
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.P
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,459.6 | −0.129% | $4.6M | $1.4M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0084% | 1h | 1,460.7 | −0.055% | $608K | $1.3M | 25x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,459.4 | −0.140% | $173K | $1.8M | 50x | as long as short |
| Variational Omni ZEC | +0.0098% | 8h | 1,459.8 | −0.113% | $47.4M | $31.8M | — | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,459.6 | −0.129% | $18K | $835K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,459 | −0.167% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,459.4 | −0.143% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,460.3 | −0.081% | $760.9M | $433.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,458.7 | −0.190% | $14.4M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,459.3 | −0.148% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,458.8 | −0.183% | $669.7M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,458.8 | −0.184% | $269.5M | $606.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,458.9 | −0.176% | $179.8M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | −0.194% | $886K | $16K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,459 | −0.170% | $49.9M | $170.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,459 | −0.171% | $215.3M | $770.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.1 | −0.166% | $102.5M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,459.1 | −0.165% | $161.9M | $275.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,458.7 | −0.191% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,460 | −0.099% | $2.4M | $3.8M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.5 | +0.003% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | −0.149% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,461.5 | +0.001% | $421K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.048% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459 | −0.170% | $339K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,459.3 | −0.151% | $126K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,458.7 | −0.189% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,461.6 | +0.005% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,460.2 | −0.092% | $241K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458.3 | −0.216% | $2.6M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.9 | −0.109% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,459 | −0.167% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,459.3 | −0.147% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,459.8 | −0.114% | $48K | $155K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,460 | −0.099% | $18.0M | $43.7M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,460.1 | −0.093% | $19.1M | $45.9M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,461.4 | −0.008% | $707K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0328% | 1h | 1,460.5 | −0.066% | $2.1M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,459.5 | −0.137% | $831K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0456% | 1h | 1,461.5 | long leg | $3.6M | $9.0M | 50x | |
| Aftermath Perps ZECUSD | +0.0716% | 1h | 1,462.1 | +0.041% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Popdex ZECUSDT
Variational Omni ZEC
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Aftermath Perps ZECUSD