Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.3343%/8h= +366.1% APRpaid last 24h +0.682%

Price spread now: OKX against Injective+0.887%7-day average −0.079% · you sell dearer than you buy

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

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.208%+$221 on $10k

Price spread, last 4 days (all we have)−0.532%−$53 · spread now +0.887%, 7d avg −0.079%

Together, before fees+1.676%+$168 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 OKX is 0.967% dearer against Injective than usual: you sell high and buy low: +$97 more if the spread goes back to its 7-day average of −0.079%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.208% in total (about 115.1% 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	1,493	−0.3243	get 0.0405% / 1h	20m 43s	$34K	$273K	12x
Short	OKX ZEC-USDT-SWAP	1,506.3	0.0100	get 0.0100% / 8h	2h 20m	$181.7M	$1.27B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.887%Rate

Funding earned: $702.1
Price spread: +0.887% → −0.079%: $96.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $788.75
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: live order book, 28 min ago; OKX: live order book, 3 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, 28 min ago	60.15 bp	489443.9 bp −$489.4K	4951866.0 bp −$49.52M	49286508.0 bp −$4928.65M	245605760.0 bp −$122802.88M
Sell OKX live order book, 3 min ago	0.03 bp	5.6 bp −$6	8.6 bp −$86	19.2 bp −$1,915	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	−0.3243%	1h	1,493	long leg	$34K	$273K	12x
BloFin ZEC-USDT	−0.0108%	8h	1,493.9	+0.056%	$30.3M	$72.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,493	+0.001%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.7	+0.713%	$418K	$36K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,496.7	+0.249%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,494.9	+0.127%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,495.1	+0.142%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,494.4	+0.093%	$299K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,496.5	+0.231%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,475.1	−1.200%	$4.7M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0095%	8h	1,505.2	+0.817%	$272.7M	$605.8M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.8	+0.255%	$181K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,496.8	+0.251%	$12K	$830K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,493.3	+0.020%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495	+0.137%	$2.8M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506.1	+0.877%	$785.3M	$426.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.9	+0.726%	$14.8M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,492.9	−0.006%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.9	+0.794%	$698.5M	$2.20B	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,506.3	+0.887%	$181.7M	$1.27B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,489	−0.269%	$403K	$438K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−0.920%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,506	+0.870%	$54.5M	$174.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.3	+0.822%	$232.7M	$769.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.1	+0.409%	$106.3M	$53.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.2	+0.815%	$169.5M	$271.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,505.6	+0.841%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	+0.111%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,479.1	−0.934%	$558K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−0.773%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−0.772%	$410K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,484	−0.601%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.8	+0.187%	$369K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.8	+0.122%	$164K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.6	+0.036%	$456K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,497.2	+0.283%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.2	+0.082%	$247K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,492.3	−0.047%	$2.5M	$19.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.3	+0.089%	$3.9M	$4.8M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0101% / S −0.0053%	1h	1,494.8	+0.118%	$449K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,504.8	+0.790%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495.1	+0.143%	$45K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,506.3	+0.893%	$2.2M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0144%	1h	1,494.2	+0.081%	$18.2M	$45.8M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,494.6	+0.107%	$940K	$1.1M	10x	as long as short
Lighter ZEC	+0.0184%	1h	1,505.5	+0.836%	$19.7M	$44.3M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0373%	1h	1,495.5	+0.166%	$636K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0411%	1h	1,495.6	+0.175%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,496.2	+0.212%	$3.8M	$9.5M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,494.2	+0.081%	$640K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0709%	1h	1,480.6	−0.829%	$45K	$49K	10x	as long as short