Funding you earn now, next payment 02:00 UTC−0.3778%/8h= −413.7% APRnext payment −$4.72 per $10,000 · paid last 24h −0.541%
Price spread now: Injective against Bullet+0.494%54s7-day average +0.098% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.502%−$50 on $10k
+Price spread, last 3 days (all we have)−0.284%−$28 · spread now +0.494%, 7d avg +0.098%
=The price spread pays, funding is against you. Injective is 0.396% dearer against Bullet than usual: you sell high and buy low (spread +0.494% now, against its 7-day average of +0.098%): +$40 on $10k if it goes back. Holding the pair costs −$113 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.502% in total) that is about 2.6 days. The two prices were read 54 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 3 days it paid -0.502% in total (about -56.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.72 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 | Bullet ZEC-USD | 1,466.1 | 0.0100 | pay 0.0013% / 1h | 41m 44s | $128K | $158K | 20x |
| Short | Injective ZEC/USDC PERP | 1,473.4 | −0.3678 | pay 0.0460% / 1h | 41m 44s | $34K | $274K | 12x |
Bullet ZEC-USD
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bullet. 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
- −$793.44
- Price spread: +0.494% → +0.098%
- $39.6
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$761.87
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Bullet: live order book, 27 min ago; Injective: live order book, 27 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 Bullet live order book, 27 min ago | 0.31 bp | 5.8 bp −$6 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Injective live order book, 27 min ago | 65.73 bp | doesn't fit | 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 | −0.3678% | 1h | 1,473.4 | +0.494% | $34K | $274K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.3 | +0.081% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0054% | 1h | 1,467.1 | +0.066% | $398K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,467.7 | +0.109% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.2 | +0.074% | $413K | $57K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,465.3 | −0.060% | $969K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.5 | +0.022% | $83K | $264K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467 | +0.061% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | +0.618% | $29.6M | $73.3M | 75x | as long as short |
| Variational Omni ZEC | +0.0016% | 8h | 1,474 | +0.537% | $48.1M | $33.4M | — | as long as short |
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
BloFin ZEC-USDT
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,467.3 | +0.079% | $293K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,466.8 | +0.043% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,466.8 | +0.048% | $381K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.7 | +0.516% | $4.7M | $1.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0080% | 8h | 1,466 | −0.009% | $49.8M | $174.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0082% | 8h | 1,466.3 | +0.012% | $181.3M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.7 | +0.040% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466 | −0.013% | $16K | $839K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.6 | +0.035% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.7 | +0.104% | $2.5M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.7 | +0.106% | $763.5M | $450.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.9 | +0.052% | $14.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.7 | +0.036% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.2 | +0.003% | $679.9M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466 | −0.012% | $270.4M | $628.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.1 | −0.001% | $214.8M | $794.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.2 | +0.004% | $103.2M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.3 | +0.010% | $162.7M | $286.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,465.5 | −0.044% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | +0.557% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.7 | +0.444% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.5 | +0.570% | $429K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | +0.264% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.7 | +0.038% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,466.1 | long leg | $128K | $158K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.7 | −0.030% | $456K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469.8 | +0.248% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | +0.096% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467 | +0.058% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.8 | +0.111% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.6 | +0.580% | $897K | $17K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.1 | 0.000% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.1 | +0.066% | $48K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0152% | 1h | 1,468.2 | +0.142% | $604K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0224% | 1h | 1,467.8 | +0.112% | $2.0M | $7.1M | 10x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,467.4 | +0.084% | $19.1M | $48.0M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468 | +0.128% | $695K | $8.7M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,466.9 | +0.051% | $852K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,468.6 | +0.166% | $3.6M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0524% | 1h | 1,468.2 | +0.140% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0738% | 1h | 1,472.3 | +0.422% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Lighter ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD