ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.3916%/8h= +428.8% APRnext payment +$4.89 per $10,000 · paid last 24h +0.460%

Price spread now: Coinbase International against Injective+1.134%7-day average +0.017% · you sell dearer than you buy

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+2.158%+$216 on $10k

Price spread, last 3 days (all we have)−1.310%−$131 · spread now +1.134%, 7d avg +0.017%

Together, before fees+0.848%+$85 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$117 a day on $10k at the current rate, and Coinbase International is 1.117% dearer against Injective than usual: you sell high and buy low: +$112 more if the spread goes back to its 7-day average of +0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.158% in total (about 112.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.89 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	Injective ZEC/USDC PERP	1,437.8	−0.3476	get 0.0434% / 1h	45m 13s	$33K	$275K	12x
Short	Coinbase International ZEC-PERP-INTX	1,454.1	0.0440	get 0.0055% / 1h	45m 13s	$3.7M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now +1.134%Rate

Funding earned: $822.31
Price spread: +1.134% → +0.017%: $111.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $924
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: live order book, 43 min ago; Coinbase International: live order book, 4 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, 43 min ago	58.14 bp	489902.9 bp −$489.9K	4956187.5 bp −$49.56M	49327108.0 bp −$4932.71M	245801776.0 bp −$122900.89M
Sell Coinbase International live order book, 4 min ago	1.96 bp	16.2 bp −$16	20.7 bp −$207	62.3 bp −$6,225	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 PERPlong	−0.3476%	1h	1,437.8	long leg	$33K	$275K	12x
Hotstuff ZEC-PERP	−0.0080%	1h	1,451.9	+0.977%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.8	+0.975%	$17.6M	$44.3M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,451.8	+0.975%	$28.9M	$74.9M	75x	as long as short
Variational Omni ZEC	−0.0019%	8h	1,451.4	+0.944%	$45.7M	$32.0M	—	as long as short
Bybit ZECUSDT	−0.0008%	8h	1,451	+0.915%	$268.7M	$675.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.8	+0.974%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,451.9	+0.982%	$845K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.3	+0.936%	$82K	$401K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,451.9	+0.976%	$5.1M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,452.6	+1.027%	$291K	$1.5M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0025%	1h	1,453.2	+1.071%	$566K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0036% / S +0.0066%	1h	1,451.7	+0.964%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0043%	8h	1,451.7	+0.964%	$171.7M	$1.36B	50x	as long as short
Aster ZECUSDT	+0.0061%	8h	1,451.9	+0.977%	$15.3M	$35.1M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,451.6	+0.960%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0065%	8h	1,451.6	+0.958%	$49.1M	$185.7M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0082%	1h	1,452.8	+1.043%	$394K	$518K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,452	+0.987%	$17K	$878K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,452.9	+1.048%	$18.7M	$53.9M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,451.5	+0.951%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.6	+0.957%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.8	+0.970%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452.4	+1.015%	$751.0M	$495.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.6	+0.960%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.8	+0.974%	$658.3M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	+1.193%	$896K	$37K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.9	+0.977%	$218.8M	$883.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.1	+0.995%	$103.6M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.7	+0.967%	$161.7M	$314.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451	+0.915%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.4	+1.015%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.5	+1.095%	$487K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.3	+1.007%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.2	+1.003%	$706K	$606K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452.4	+1.015%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.2	+0.931%	$298K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,451.6	+0.958%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.3	+0.937%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.4	+1.150%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.1	+0.990%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.5	+1.022%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.6	+0.960%	$3.7M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.8	+1.045%	$4.6M	$1.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.7	+1.036%	$36K	$362K	20x	as long as short
Extended ZEC-USD	+0.0192%	1h	1,452.6	+1.028%	$3.3M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,452.1	+0.992%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0440%	1h	1,454.1	+1.134%	$3.7M	$11.5M	50x
Aftermath Perps ZECUSD	+0.0451%	1h	1,453.2	+1.071%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,454.1	+1.136%	$754K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0728%	1h	1,454.1	+1.129%	$1.9M	$8.4M	10x	as long as short