Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.3344%/8h= +366.2% APRpaid last 24h +0.584%

Price spread now: GRVT against Injective+0.037%7-day average −0.136% · you sell dearer than you buy

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

Long on Injective Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+2.466%+$247 on $10k

Price spread, last 4 days (all we have)−1.951%−$195 · spread now +0.037%, 7d avg −0.136%

Together, before fees+0.514%+ Points / potential airdropGRVT: Active · farm board+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$100 a day on $10k at the current rate, and GRVT is 0.173% dearer against Injective than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ZEC/USDC PERP	1,459.8	−0.3244	get 0.0406% / 1h	16m 27s	$34K	$272K	12x
Short	GRVT ZEC_USDT_Perp	1,460.3	0.0100	get 0.0100% / 8h	5h 16m	$3.0M	$432K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.037%Rate

Funding earned: $702.32
Price spread: +0.037% → −0.136%: $17.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $710.61
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: live order book, 48 min ago; GRVT: 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, 48 min ago	66.26 bp	492686.8 bp −$492.7K	4983844.0 bp −$49.84M	49601864.0 bp −$4960.19M	247170688.0 bp −$123585.34M
Sell GRVT live order book, 2 min ago	1.34 bp	6.2 bp −$6	7.1 bp −$71	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	−0.3244%	1h	1,459.8	long leg	$34K	$272K	12x
BloFin ZEC-USDT	−0.0083%	8h	1,461	+0.086%	$29.3M	$70.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.8	+0.203%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.3	+0.106%	$412K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460	+0.013%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,462.6	+0.190%	$84K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463	+0.219%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0050%	8h	1,462.8	+0.206%	$293K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,462.9	+0.217%	$411K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,461.9	+0.147%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,463.2	+0.231%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,463.4	+0.247%	$16K	$866K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.1	+0.227%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.8	+0.204%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464.4	+0.316%	$766.0M	$430.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463	+0.219%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463	+0.218%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.3	+0.243%	$670.2M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,462.5	+0.186%	$265.7M	$605.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,462.8	+0.207%	$179.0M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.8	−0.136%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.1	−0.252%	$882K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463.2	+0.232%	$50.0M	$174.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.3	+0.238%	$215.8M	$778.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.3	+0.241%	$102.5M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463.2	+0.234%	$162.7M	$272.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.3	+0.170%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.1	+0.158%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,459	−0.051%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,458.7	−0.074%	$568K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perpshort	+0.0100%	8h	1,460.3	+0.037%	$3.0M	$432K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,459.4	−0.023%	$410K	$913K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.2	+0.097%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.2	+0.234%	$333K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.2	+0.234%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.6	−0.011%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463.6	+0.264%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461	+0.084%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.9	+0.008%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.8	+0.073%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.8	+0.204%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,462.6	+0.196%	$47K	$153K	20x	as long as short
01 Exchange ZECUSD	+0.0152%	1h	1,464	+0.286%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,461	+0.083%	$18.1M	$44.5M	25x	as long as short
Lighter ZEC	+0.0240%	1h	1,464.4	+0.316%	$19.2M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,463.5	+0.254%	$705K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0286%	1h	1,461.3	+0.107%	$614K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0376%	1h	1,464.4	+0.317%	$2.1M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,463.4	+0.249%	$837K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,462.7	+0.199%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0695%	1h	1,460.5	+0.052%	$45K	$49K	10x	as long as short