ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.3905%/8h= −427.6% APRnext payment −$4.88 per $10,000 · paid last 24h −0.778%

Price spread now: Injective against Arcus−0.968%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$498.0Kas in the Price arb table

costs, in and out, $10k−$497.9K4978.527% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.786%−$79 on $10k

Price spread, last 4 days (all we have)+1.031%+$103 · spread now −0.968%, 7d avg +0.029%

Together, before fees+0.245%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$117 a day on $10k at the current rate, and Injective is 0.997% cheaper against Arcus than usual: you would sell low and buy high (−$100 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.786% in total (about -77.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.88 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	Arcus ZEC-USD	1,495.5	0.0221	pay 0.0028% / 1h	3m 22s	$612K	$8.8M	10x
Short	Injective ZEC/USDC PERP	1,481	−0.3684	pay 0.0461% / 1h	3m 22s	$36K	$275K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now −0.968%Rate

Funding earned: −$820.02
Price spread: −0.968% → +0.029%: −$99.66
Slippage, 4 orders: −$497,848.15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$498,772.35
Costs to cover: 4978.527%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; Injective: live order book, 41 min ago.

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 Arcus live order book, 1 min ago	0.00 bp	6.6 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit
Sell Injective live order book, 41 min ago	46.83 bp	6558.5 bp −$6,558	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 PERPshort	−0.3684%	1h	1,481	−0.968%	$36K	$275K	12x
Perpl ZEC	−0.0447%	43m	1,493.9	−0.106%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,494.8	−0.043%	$30.9M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,494.2	−0.086%	$18.1M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.3	−0.011%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0006%	1h	1,495.4	−0.005%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495	−0.032%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.8	+0.023%	$1.5M	$4.7M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,494.4	−0.073%	$682K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,494.4	−0.070%	$5.3M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,494.4	−0.069%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.8	−0.044%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.2	−0.017%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.6	−0.059%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495.4	−0.002%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,495.5	+0.003%	$780.9M	$447.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.6	−0.054%	$14.0M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495	−0.031%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495	−0.029%	$696.8M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,494.2	−0.084%	$267.7M	$630.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,494.7	−0.050%	$182.4M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	−0.090%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.081%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495	−0.034%	$55.3M	$187.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,495	−0.031%	$242.9M	$799.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,495	−0.034%	$102.9M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,494.8	−0.047%	$160.8M	$289.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,494	−0.098%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	−0.019%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.8	−0.042%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	+0.058%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	+0.008%	$412K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,494.7	−0.052%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495	−0.030%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,494.2	−0.086%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	−0.159%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.2	+0.048%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,493.9	−0.102%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.2	+0.051%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,495.1	−0.022%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.7	−0.053%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495	−0.028%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,495.3	−0.011%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,494.9	−0.037%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.076%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0137% / S −0.0133%	1h	1,495.2	−0.019%	$393K	—	100x	as long as short
Lighter RH ZEC	+0.0184%	1h	1,496.4	+0.061%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USDlong	+0.0221%	1h	1,495.5	long leg	$612K	$8.8M	10x
Lighter ZEC	+0.0256%	1h	1,496.4	+0.067%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0260%	1h	1,495.8	+0.021%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,495.8	+0.020%	$3.7M	$10.1M	50x	as long as short