Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.3778%/8h= +413.7% APRpaid last 24h +0.528%

Price spread now: Aster against Injective+0.050%7-day average −0.108% · you sell dearer than you buy

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+1.228%+$123 on $10k

Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.050%, 7d avg −0.108%

Together, before fees+1.032%+ Points / potential airdropAster: Stage 5 · farm board+$103 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$113 a day on $10k at the current rate, and Aster is 0.158% dearer against Injective than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.108%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 1.228% in total (about 83.1% 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	Injective ZEC/USDC PERP	1,471.7	−0.3678	get 0.0460% / 1h	32m 50s	$34K	$274K	12x
Short	Aster ZECUSDT	1,472.5	0.0100	get 0.0100% / 8h	6h 32m	$14.9M	$31.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $793.44
Price spread: +0.050% → −0.108%: $15.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $801.21
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: live order book, 36 min ago; Aster: live order book, 6 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 Injective live order book, 36 min ago	65.73 bp	492526.9 bp −$492.5K	4982256.0 bp −$49.82M	49586088.0 bp −$4958.61M	247092080.0 bp −$123546.04M
Sell Aster live order book, 6 min ago	0.31 bp	4.6 bp −$5	7.1 bp −$71	16.4 bp −$1,642	77.7 bp −$38.8K

ZEC on 50 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 PERPlong	−0.3678%	1h	1,471.7	long leg	$34K	$274K	12x
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.1	+0.026%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0041%	1h	1,469.9	−0.124%	$399K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,472.6	+0.057%	$18.0M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471	−0.051%	$414K	$56K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.6	−0.008%	$974K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472	+0.018%	$84K	$258K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.3	+0.039%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,472.4	+0.048%	$294K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0033%	8h	1,470.4	−0.089%	$47.9M	$33.3M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,472.4	+0.043%	$385K	—	100x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,472.4	+0.047%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,471.2	−0.036%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0092%	8h	1,473.7	+0.133%	$181.4M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.6	−0.010%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.3	−0.026%	$16K	$839K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.7	−0.001%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472	+0.016%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.2	+0.099%	$766.5M	$443.9M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,472.5	+0.050%	$14.9M	$31.0M	75x
Pacifica ZEC	+0.0100%	1h	1,471.9	+0.013%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.5	+0.117%	$680.6M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,473.1	+0.094%	$271.8M	$626.9M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.085%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,473.2	+0.100%	$50.0M	$175.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.8	+0.072%	$216.9M	$797.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.6	+0.058%	$103.6M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.7	+0.063%	$163.5M	$285.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.9	+0.082%	—	$100.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.3	−0.032%	$572K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.9	+0.080%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,471.9	+0.010%	$428K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.9	+0.009%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.1	+0.025%	$339K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.4	+0.046%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471	−0.051%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474	+0.156%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.5	+0.051%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.4	+0.046%	$2.5M	$19.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.6	+0.059%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.5	+0.049%	$3.1M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.1	+0.025%	$48K	$167K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,473	+0.088%	$687K	$8.7M	10x	as long as short
Lighter ZEC	+0.0256%	1h	1,473.9	+0.145%	$19.2M	$48.1M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0287%	1h	1,473.2	+0.101%	$606K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,474.1	+0.161%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,472.4	+0.046%	$864K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,473.8	+0.140%	$3.6M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0508%	1h	1,472.8	+0.071%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0726%	1h	1,471.9	+0.008%	$44K	$46K	10x	as long as short