ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.3348%/8h= −366.6% APRnext payment −$4.19 per $10,000 · paid last 24h −0.546%

Price spread now: Injective against Aevo−0.943%59s7-day average +0.079% · you buy dearer than you sell

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

Long on Aevo Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.336%−$234 on $10k

Price spread, last 3 days (all we have)+0.889%+$89 · spread now −0.943%, 7d avg +0.079%

Together, before fees−1.448%−$145 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$100 a day on $10k at the current rate, and Injective is 1.023% cheaper against Aevo than usual: you would sell low and buy high (−$102 if the spread goes back to its 7-day average of +0.079%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.336% in total (about -121.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.19 per $10,000. 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	Aevo ZEC-PERP	1,467.1	0.0104	pay 0.0013% / 1h	57m 59s	$48K	$155K	20x
Short	Injective ZEC/USDC PERP	1,453.2	−0.3244	pay 0.0406% / 1h	57m 59s	$33K	$272K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aevo. 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 AevobpFee InjectivebpOrdersPrice spread, now −0.943%Rate

Funding earned: −$703.16
Price spread: −0.943% → +0.079%: −$102.28
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$821.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 6 min ago; Injective: live order book, 6 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 Aevo live order book, 6 min ago	5.48 bp	14.8 bp −$15	23.1 bp −$231	41.0 bp −$4,096	doesn't fit
Sell Injective live order book, 6 min ago	66.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ZEC on 50 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 PERPshort	−0.3244%	1h	1,453.2	−0.943%	$33K	$272K	12x
Ondo Perps ZEC-USD.P	−0.0378%	1h	1,466.9	−0.010%	$398K	$441K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.221%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.9	+0.061%	$413K	$48K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.7	+0.112%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467.6	+0.037%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.3	+0.016%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0032%	8h	1,467.2	+0.012%	$293K	$984K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0033%	1h	1,467.9	+0.057%	$611K	$1.3M	25x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,467.8	+0.052%	$8K	$8K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,467.2	+0.013%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,469.6	+0.175%	$4.6M	$1.4M	10x	as long as short
Variational Omni ZEC	+0.0079%	8h	1,468.1	+0.072%	$48.0M	$32.4M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,465.7	−0.093%	$180.6M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.8	+0.051%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.4	+0.022%	$16K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	+0.062%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.2	+0.076%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.3	+0.085%	$764.9M	$435.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.8	−0.018%	$14.7M	$29.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468	+0.063%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,465.6	−0.097%	$677.5M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,465.6	−0.102%	$271.3M	$605.1M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.032%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,465.9	−0.078%	$50.1M	$169.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.1	−0.062%	$215.8M	$767.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.6	−0.034%	$103.1M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.2	−0.058%	$162.9M	$275.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,465.7	−0.091%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468	+0.067%	$571K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.3	+0.088%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,468.3	+0.087%	$427K	$880K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469.9	+0.197%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.5	+0.031%	$343K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.3	+0.014%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.8	−0.084%	$447K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470.1	+0.210%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.5	+0.031%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.7	−0.022%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.9	+0.055%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,465.9	−0.081%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,467.1	long leg	$48K	$155K	20x
Lighter ZEC	+0.0136%	1h	1,468.9	+0.123%	$19.2M	$45.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0194%	1h	1,467.5	+0.028%	$18.1M	$43.4M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,469.8	+0.187%	$690K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,469.3	+0.155%	$2.1M	$6.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0378%	1h	1,467.8	+0.048%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,468.3	+0.086%	$852K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,468.6	+0.106%	$3.6M	$8.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0733%	1h	1,469	+0.134%	$43K	$46K	10x	as long as short