Funding you earn now, next payment 07:00 UTC−0.3684%/8h= −403.4% APRnext payment −$4.61 per $10,000 · paid last 24h −0.706%
Price spread now: Injective against dYdX+0.532%98s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$498.2Kas in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$497.9K4979.264% of the position
Funding, last 7 days−2.486%−$249 on $10k
+Price spread, last 4 days (all we have)−0.644%−$64 · spread now +0.532%, 7d avg +0.067%
=The price spread pays, funding is against you. Injective is 0.465% dearer against dYdX than usual: you sell high and buy low (spread +0.532% now, against its 7-day average of +0.067%): +$47 on $10k if it goes back. Holding the pair costs −$111 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−2.486% in total) that is about 31 hours. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.486% in total (about -129.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.61 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 | dYdX ZEC-USD | 1,476.3 | 0 | get 0.0000% / 1h | 37m 30s | $410K | $35K | 5x |
| Short | Injective ZEC/USDC PERP | 1,484.2 | −0.3684 | pay 0.0461% / 1h | 37m 30s | $34K | $273K | 12x |
dYdX ZEC-USD
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against dYdX. 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
- −$773.68
- Price spread: +0.532% → +0.067%
- $46.53
- Slippage, 4 orders
- −$497,916.43
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$498,653.6
- Costs to cover
- 4979.264%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 7 min ago; Injective: live order book, 7 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 dYdX live order book, 7 min ago | 36.73 bp | 41.7 bp −$42 | 44.1 bp −$441 | 113.8 bp −$11.4K | 360.0 bp −$180.0K |
| Sell Injective live order book, 7 min ago | 46.83 bp | 6558.5 bp −$6,558 | 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 | −0.3684% | 1h | 1,484.2 | +0.532% | $34K | $273K | 12x | |
| BloFin ZEC-USDT | −0.0121% | 8h | 1,478.5 | +0.146% | $30.5M | $73.7M | 75x | as long as short |
| Bulk ZEC-USD | −0.0118% | 1h | 1,480.8 | +0.305% | $895K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,476.1 | −0.016% | $17.9M | $47.0M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,476.6 | +0.020% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USDlong | 0.0000% | 1h | 1,476.3 | long leg | $410K | $35K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.9 | +0.041% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.5 | −0.056% | $64K | $301K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,476.4 | +0.004% | $674K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,475.7 | −0.042% | $5.2M | — | 150x | as long as short |
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0076% | 8h | 1,475.7 | −0.041% | $297K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476.8 | +0.032% | $161K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,476.5 | +0.014% | $13K | $866K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.9 | +0.040% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,476.1 | −0.018% | $13.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,477 | +0.046% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,476.8 | +0.029% | $688.3M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,476.4 | +0.003% | $265.5M | $631.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,476.6 | +0.018% | $178.6M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,481.9 | +0.378% | $405K | $510K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,476.7 | +0.024% | $53.9M | $182.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,476.6 | +0.016% | $234.1M | $780.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,476.3 | −0.005% | $101.0M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,476.8 | +0.030% | $159.1M | $288.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,475.8 | −0.036% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,477 | +0.047% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,484.9 | +0.580% | $48.5M | $33.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,479 | +0.180% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,484.3 | +0.542% | $3.0M | $488K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,485 | +0.591% | $409K | $934K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.4 | +0.003% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476.1 | −0.015% | $357K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,476.4 | +0.006% | $162K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,478 | +0.113% | $451K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.1 | +0.122% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,476.1 | −0.014% | $251K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475 | −0.089% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,476.3 | +0.001% | $3.9M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,477 | +0.049% | $61K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,476.1 | −0.017% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,475.9 | −0.031% | $42K | $152K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0126% / S −0.0117% | 1h | 1,477.5 | +0.082% | $428K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,476.6 | +0.016% | $923K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,478.6 | +0.156% | $4.7M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,477.3 | +0.068% | $8K | $7K | 5x | as long as short |
| Aftermath Perps ZECUSD | +0.0144% | 1h | 1,481.6 | +0.356% | $47K | $64K | 10x | as long as short |
| Hyperliquid ZEC | +0.0218% | 1h | 1,478.2 | +0.127% | $767.9M | $441.1M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,478.3 | +0.136% | $636K | $8.6M | 10x | as long as short |
| Lighter ZEC | +0.0288% | 1h | 1,478.4 | +0.141% | $19.4M | $45.7M | 20x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,478.4 | +0.142% | $2.1M | $7.4M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,478 | +0.114% | $3.6M | $9.9M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Phoenix ZEC
01 Exchange ZECUSD
Aftermath Perps ZECUSD
Hyperliquid ZEC
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX