ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.3261%/8h= +357.1% APRnext payment +$4.08 per $10,000 · paid last 24h +0.659%

Price spread now: Deribit against Injective+0.251%63s7-day average −0.006% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+2.380%+$238 on $10k

Price spread, last 4 days (all we have)−0.468%−$47 · spread now +0.251%, 7d avg −0.006%

Together, before fees+1.911%+$191 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$98 a day on $10k at the current rate, and Deribit is 0.257% dearer against Injective than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ZEC/USDC PERP	1,461.1	−0.3042	get 0.0380% / 1h	12m 20s	$34K	$272K	12x
Short	Deribit ZEC_USDC-PERPETUAL	1,464.7	0.0219	get 0.0027% / 1h	12m 20s	$616K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.251%Rate

Funding earned: $684.85
Price spread: +0.251% → −0.006%: $25.69
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $703.52
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: live order book, 42 min ago; Deribit: live order book, 2 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, 42 min ago	59.94 bp	489790.2 bp −$489.8K	4955541.0 bp −$49.56M	49325324.0 bp −$4932.53M	245805328.0 bp −$122902.66M
Sell Deribit live order book, 2 min ago	4.75 bp	8.3 bp −$8	13.6 bp −$136	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 PERPlong	−0.3042%	1h	1,461.1	long leg	$34K	$272K	12x
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.4	+0.157%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,461.9	+0.054%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.8	+0.119%	$407K	$40K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,463.1	+0.142%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.9	+0.191%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,463.7	+0.182%	$293K	$910K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,460.4	−0.045%	$396K	$435K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0088% / S −0.0039%	1h	1,463.6	+0.175%	$436K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,462.9	+0.127%	$175K	$1.6M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,464.1	+0.208%	$14K	$804K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463	+0.134%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.3	+0.084%	$2.9M	$6.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.6	+0.176%	$14.6M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.8	+0.121%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.5	+0.167%	$673.8M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,463.2	+0.144%	$262.1M	$589.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.7	+0.179%	$179.6M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	−0.031%	$882K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463.7	+0.181%	$52.2M	$172.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.6	+0.174%	$220.5M	$773.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.3	+0.150%	$103.1M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464	+0.201%	$166.2M	$268.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,463.7	+0.179%	—	$106.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,458.8	−0.156%	$47.8M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.1	−0.067%	$568K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,461.4	+0.023%	$3.0M	$464K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.6	−0.166%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.1	+0.070%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462.7	+0.112%	$357K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.3	+0.153%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.7	+0.115%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.3	+0.223%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.7	+0.181%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.1	+0.138%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.2	+0.143%	$3.9M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.6	+0.176%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.5	+0.169%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,462.7	+0.112%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,463.6	+0.172%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,464.9	+0.260%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0146%	1h	1,464.1	+0.208%	$762.9M	$424.9M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.1	+0.276%	$19.4M	$45.4M	20x	as long as short
Kalshi KXZECPERP	+0.0187%	8h	1,463.6	+0.172%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,463.3	+0.152%	$925K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0219%	1h	1,464.7	+0.251%	$616K	$1.3M	25x
Backpack ZEC_USDC_PERP	+0.0284%	1h	1,462.4	+0.094%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,463.4	+0.160%	$18.1M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,464.3	+0.222%	$685K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,464.8	+0.253%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0687%	1h	1,461.3	+0.017%	$45K	$49K	10x	as long as short