Funding you earn now, next payment 23:00 UTC−0.3346%/8h= −366.4% APRnext payment −$4.18 per $10,000 · paid last 24h −0.428%
Price spread now: Injective against GMX+0.337%57s7-day average +0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.316%−$32 on $10k
+Price spread, last 3 days (all we have)+0.095%+$10 · spread now +0.337%, 7d avg +0.060%
=The price spread pays, funding is against you. Injective is 0.277% dearer against GMX than usual: you sell high and buy low (spread +0.337% now, against its 7-day average of +0.060%): +$28 on $10k if it goes back. Holding the pair costs −$100 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.316% in total) that is about 2.7 days. The two prices were read 57 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 3 days it paid -0.316% in total (about -37.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.18 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 | GMX ZEC/USD [WBTC.b-USDC] | 1,464.6 | L +0.0037% / S +0.0009% | pay 0.0005% / 1h | 22m 17s | $355K | — | 100x |
| Short | Injective ZEC/USDC PERP | 1,469.5 | −0.3310 | pay 0.0414% / 1h | 22m 17s | $34K | $275K | 12x |
GMX ZEC/USD [WBTC.b-USDC]
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GMX. 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
- −$702.75
- Price spread: +0.337% → +0.060%
- $27.69
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$687.07
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Injective: live order book, 62 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 GMX no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 62 min ago | 50.93 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
GMX: 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 PERPshort | −0.3310% | 1h | 1,469.5 | +0.337% | $34K | $275K | 12x | |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,464.1 | −0.037% | $17.8M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0230% | 1h | 1,464.3 | −0.020% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0089% | 8h | 1,464.3 | −0.020% | $29.2M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,464 | −0.043% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.171% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0062% | 8h | 1,463.1 | −0.104% | $270.8M | $667.5M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,465.3 | +0.050% | $46.6M | $33.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,464.3 | −0.021% | $412K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464.3 | −0.024% | $884K | $5.6M | 2.2x | as long as short |
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,463.9 | −0.049% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,464.9 | +0.018% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0012% | 8h | 1,464.2 | −0.028% | $292K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0037% / S +0.0009% | 1h | 1,464.6 | long leg | $355K | — | 100x | |
| Gate ZEC_USDT | +0.0045% | 8h | 1,464.2 | −0.029% | $49.8M | $186.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0050% | 8h | 1,463.9 | −0.047% | $176.4M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,463.8 | −0.054% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467.6 | +0.204% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0082% | 1h | 1,467.6 | +0.204% | $431K | $822K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,463.5 | −0.078% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,464.2 | −0.029% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.7 | −0.064% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.4 | −0.015% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,465 | +0.027% | $759.7M | $478.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,464.3 | −0.018% | $15.6M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,464.5 | −0.008% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,463.7 | −0.063% | $674.3M | $2.48B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.8 | −0.056% | $220.9M | $865.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,464.6 | −0.003% | $103.6M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,464.2 | −0.027% | $162.3M | $304.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,464.4 | −0.016% | — | $102.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.7 | +0.209% | $512K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.4 | +0.191% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,464.9 | +0.021% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.7 | −0.061% | $343K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,464.3 | −0.022% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.7 | −0.131% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,466.3 | +0.117% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,464.1 | −0.035% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463.3 | −0.092% | $2.5M | $23.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.4 | −0.017% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,464.4 | −0.011% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.1 | −0.037% | $36K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,465.3 | +0.050% | $19.0M | $52.6M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0152% | 1h | 1,465.1 | +0.032% | $596K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,464.3 | −0.021% | $842K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0191% | 1h | 1,464.9 | +0.023% | $2.3M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,465.6 | +0.069% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,466.5 | +0.128% | $3.7M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,465.5 | +0.062% | $727K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0572% | 1h | 1,465.7 | +0.073% | $41K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD