Funding you earn now, next payment 03:00 UTC+0.3344%/8h= +366.2% APRpaid last 24h +0.574%
Price spread now: MEXC against Injective−0.424%7-day average −0.077% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.221%+$222 on $10k
+Price spread, last 4 days (all we have)−1.682%−$168 · spread now −0.424%, 7d avg −0.077%
=Funding pays, the price is against you. MEXC is 0.347% cheaper against Injective than usual: you would sell low and buy high (spread −0.424% now, against its 7-day average of −0.077%). If the spread goes back, that is −$35 on $10k: about 8 hours of funding at the current rate (+$100 a day). At the pace of the last 7 days (+2.221% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.221% in total (about 115.8% 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 | 1,460 | −0.3244 | get 0.0406% / 1h | 40m 30s | $34K | $272K | 12x |
| Short | MEXC ZEC_USDT | 1,453.9 | 0.0100 | get 0.0100% / 8h | 5h 40m | $212.4M | $772.5M | 150x |
Injective ZEC/USDC PERP
MEXC ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- $702.32
- Price spread: −0.424% → −0.077%
- −$34.73
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $667.57
- Costs to cover
- 0.000%
- Break-even
- 0.3 days
Slippage unknown: Injective: live order book, 24 min ago; MEXC: live order book, 9 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, 24 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 MEXC live order book, 9 min ago | 0.31 bp | 0.3 bp $0 | 0.4 bp −$4 | 19.8 bp −$1,981 | 74.4 bp −$37.2K |
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 | 1,460 | long leg | $34K | $272K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.4 | −0.389% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,455.1 | −0.340% | $29.4M | $70.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.3 | −0.392% | $410K | $45K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.7 | −0.093% | $962K | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.3 | −0.463% | $83K | $249K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,454.9 | −0.355% | $605K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.5 | −0.308% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0038% | 8h | 1,455.4 | −0.319% | $291K | $979K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0009% | 1h | 1,455.6 | −0.302% | $377K | — | 100x | as long as short |
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0061% | 1h | 1,459 | −0.071% | $396K | $433K | 5x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,459.6 | −0.030% | $4.6M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.3 | −0.395% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,453.9 | −0.423% | $11K | $853K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.7 | −0.434% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,454.2 | −0.402% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.7 | −0.366% | $757.0M | $434.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,453.8 | −0.428% | $14.4M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,454.4 | −0.384% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.1 | −0.403% | $667.6M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,452.9 | −0.489% | $267.9M | $608.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453.4 | −0.457% | $179.2M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | −0.095% | $886K | $16K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.6 | −0.443% | $49.8M | $171.3M | 75x | as long as short |
| MEXC ZEC_USDTshort | +0.0100% | 8h | 1,453.9 | −0.424% | $212.4M | $772.5M | 150x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.5 | −0.381% | $102.2M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.5 | −0.450% | $161.2M | $276.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,454 | −0.415% | — | $97.3M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,454.6 | −0.375% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454.9 | −0.351% | $47.2M | $32.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | −0.030% | $568K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | −0.053% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.9 | −0.082% | $420K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.5 | −0.039% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.3 | −0.462% | $323K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.4 | −0.314% | $126K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.3 | −0.392% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.1 | −0.067% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.5 | −0.377% | $240K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,454 | −0.416% | $2.6M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,455.2 | −0.332% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,453.7 | −0.437% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,454.6 | −0.372% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.7 | −0.366% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0168% | 1h | 1,456 | −0.277% | $19.1M | $46.1M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,454.7 | −0.364% | $17.9M | $43.8M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,456.5 | −0.243% | $720K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0344% | 1h | 1,456.1 | −0.271% | $2.0M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,454.3 | −0.397% | $825K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,457.1 | −0.199% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0716% | 1h | 1,460.8 | +0.055% | $43K | $46K | 10x | as long as short |
Ondo Perps ZEC-USD.P
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
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
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD