ZEC

Alert

Funding spread now, next payment 19:00 UTC−0.3749%/8h

next payment, per $10,000−$4.69paid, last 24h−0.208%paid, last 3 days−0.263%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.263% in total (about -32.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.69 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	GMX ZEC/USD [WBTC.b-USDC]	1,480.6	L +0.0091% / S +0.0017%	pay 0.0011% / 1h	22m 04s	$580K	—	100x
Short	Injective ZEC/USDC PERP	1,485.9	−0.3658	pay 0.0457% / 1h	22m 04s	$34K	$13K	12x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee InjectivebpOrdersRate

Funding earned: −$787.28
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$799.3
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.356%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 GMX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

GMX and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERPshort	−0.3658%	1h	$34K	$13K	12x
Kraken Futures PF_ZECUSD	−0.0790%	1h	$18.0M	$47.9M	25x	as long as short
ApeX Omni ZECUSDT	−0.0266%	1h	$969K	$465K	50x	as long as short
Bybit ZECUSDT	−0.0231%	8h	$276.2M	$763.9M	75x	as long as short
Variational Omni ZEC	−0.0139%	8h	$48.1M	$32.2M	—	as long as short
BloFin ZEC-USDT	−0.0116%	8h	$30.7M	$81.7M	75x	as long as short
Bulk ZEC-USD	−0.0105%	1h	$913K	$47K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0105%	1h	$404K	$636K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Gate ZEC_USDT	−0.0076%	8h	$50.9M	$211.4M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ZECUSDT	−0.0028%	8h	$14.9M	$37.5M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0018%	8h	$292K	$1.8M	20x	as long as short
OKX ZEC-USDT-SWAP	−0.0016%	8h	$178.6M	$1.57B	50x	as long as short
Phoenix ZEC	−0.0004%	1h	$4.7M	$1.7M	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	$417K	$108K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$990K	$6.3M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	$77K	$419K	10x	as long as short
Binance ZECUSDT	+0.0003%	8h	$678.0M	$2.83B	75x	as long as short
MEXC ZEC_USDT	+0.0004%	8h	$224.8M	$1.00B	150x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	$9K	$11K	5x	as long as short
SoDEX ZEC-USD	+0.0023%	1h	$225K	$5.6M	10x	as long as short
RISEx ZEC/USDC	+0.0072%	1h	$830K	$2.7M	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$366K	20x	as long as short
Katana Perps ZEC-USD	+0.0081%	8h	$16K	$907K	10x	as long as short
BingX ZEC-USDC	+0.0091%	8h	—	$6.8M	—	as long as short
GMX ZEC/USD [WBTC.b-USDC]long	L +0.0091% / S +0.0017%	1h	$580K	—	100x
Lighter ZEC	+0.0096%	1h	$19.3M	$62.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$174K	$2.2M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0096%	8h	$61K	$38K	10x	as long as short
Bitget ZECUSDT	+0.0097%	8h	$168.9M	$343.1M	75x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$778.9M	$640.5M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.6M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.1M	$66.9M	75x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$498K	$10.7M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$111K	$4.4M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$302K	$3.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	$130K	$166K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$450K	$539K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.3M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.5M	$30.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.8M	$6.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.3M	$4.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0168%	1h	$2.3M	$3.8M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0171%	1h	$580K	$1.4M	25x	as long as short
Lighter RH ZEC	+0.0216%	1h	$1.8M	$7.9M	10x	as long as short
Arcus ZEC-USD	+0.0231%	1h	$715K	$7.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0360%	1h	$3.8M	$13.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0485%	1h	$40K	$34K	10x	as long as short