Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.3576%/8h= +391.5% APRpaid last 24h +0.386%

Price spread now: SunX against Injective+0.555%7-day average −0.004% · you sell dearer than you buy

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+2.322%+$232 on $10k

Price spread, last 3 days (all we have)−1.115%−$112 · spread now +0.555%, 7d avg −0.004%

Together, before fees+1.207%+$121 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$107 a day on $10k at the current rate, and SunX is 0.560% dearer against Injective than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of −0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.322% in total (about 121.1% 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	1,438.5	−0.3476	get 0.0434% / 1h	33m 20s	$33K	$275K	12x
Short	SunX ZEC-USDT	1,446.5	0.0100	get 0.0100% / 8h	2h 33m	$3K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.555%Rate

Funding earned: $750.91
Price spread: +0.555% → −0.004%: $55.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $798.85
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: live order book, 55 min ago; SunX: live order book, 11 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, 55 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 SunX live order book, 11 min ago	29.05 bp	68.4 bp −$68	doesn't fit	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	−0.3476%	1h	1,438.5	long leg	$33K	$275K	12x
Hotstuff ZEC-PERP	−0.0080%	1h	1,445.3	+0.473%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,444.5	+0.415%	$17.6M	$44.5M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450	+0.800%	$28.8M	$74.7M	75x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.736%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,445.1	+0.461%	$407K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,448.6	+0.699%	$905K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,444.7	+0.433%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,445.3	+0.475%	$588K	$1.3M	25x	as long as short
Bybit ZECUSDT	+0.0005%	8h	1,444.2	+0.393%	$266.3M	$676.1M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,445.1	+0.458%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,444.9	+0.441%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0029% / S +0.0070%	1h	1,444.7	+0.433%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0054%	8h	1,444.7	+0.429%	$171.1M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0071%	8h	1,444.5	+0.418%	$49.4M	$187.8M	75x	as long as short
Aster ZECUSDT	+0.0076%	8h	1,445.5	+0.487%	$15.2M	$34.7M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,445.6	+0.490%	$7K	$8K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,445	+0.448%	$13K	$873K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,446.5	+0.553%	$18.7M	$54.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,445.4	+0.481%	$173K	$2.0M	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0098%	1h	1,448.2	+0.674%	$394K	$518K	5x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,446	+0.520%	$59K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,445.9	+0.513%	$2.4M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,445.5	+0.486%	$747.0M	$493.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,445.5	+0.483%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,445.1	+0.455%	$657.6M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.973%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,445.3	+0.475%	$213.9M	$890.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,445.3	+0.471%	$102.6M	$56.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,444.7	+0.431%	$160.1M	$313.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,443.9	+0.377%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,445.9	+0.517%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.9	+0.790%	$488K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.7	+0.707%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.4	+0.897%	$706K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	+0.814%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,444.9	+0.444%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,444.6	+0.427%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,443.3	+0.335%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,446.5	+0.555%	$3K	$1.3M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,444.8	+0.437%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,446.2	+0.532%	$2.4M	$24.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,446.1	+0.528%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	+0.961%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,444.8	+0.436%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,444.9	+0.443%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,446.3	+0.538%	$863K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,448.6	+0.701%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0449%	1h	1,450	+0.802%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,447.5	+0.628%	$768K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0696%	1h	1,446.9	+0.585%	$1.9M	$8.4M	10x	as long as short