Funding you earn now, next payment 01:00 UTC+0.3421%/8h= +374.5% APRpaid last 24h +0.492%
Price spread now: Binance against Injective−0.177%7-day average −0.094% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.146%+$215 on $10k
+Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.177%, 7d avg −0.094%
=Funding pays, the price is against you. Binance is 0.082% cheaper against Injective than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.094%). If the spread goes back, that is −$8 on $10k: about 2 hours of funding at the current rate (+$103 a day). At the pace of the last 7 days (+2.146% in total) that is about 6 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.146% in total (about 111.9% 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 | 1,470.8 | −0.3321 | get 0.0415% / 1h | 35m 05s | $34K | $275K | 12x |
| Short | Binance ZECUSDT | 1,468.2 | 0.0100 | get 0.0100% / 8h | 7h 35m | $683.1M | $2.39B | 75x |
Injective ZEC/USDC PERP
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $718.31
- Price spread: −0.177% → −0.094%
- −$8.24
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $700.04
- Costs to cover
- 0.100%
- Break-even
- 0.2 days
Slippage unknown: Injective: live order book, 39 min ago; Binance: live order book, 9 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, 39 min ago | 61.95 bp | 2506077.0 bp −$2.51M | 24342020.0 bp −$243.42M | 235923488.0 bp −$23592.35M | 1159988224.0 bp −$579994.11M |
| Sell Binance live order book, 9 min ago | 0.03 bp | 6.8 bp −$7 | 9.0 bp −$90 | 17.6 bp −$1,764 | 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 | −0.3321% | 1h | 1,470.8 | long leg | $34K | $275K | 12x | |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,468.7 | −0.140% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0158% | 1h | 1,468 | −0.188% | $399K | $518K | 5x | as long as short |
| Bybit ZECUSDT | −0.0119% | 8h | 1,467.6 | −0.212% | $273.7M | $636.8M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,468.9 | −0.129% | $29.7M | $73.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469 | −0.120% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0056% | 8h | 1,468.2 | −0.176% | $47.6M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.6 | −0.150% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.9 | −0.124% | $957K | $5.3M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.7 | −0.137% | $83K | $405K | 10x | as long as short |
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,468.7 | −0.140% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,468.6 | −0.148% | $293K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,468.4 | −0.160% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0044% | 8h | 1,467.9 | −0.195% | $181.7M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.9 | +0.006% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,468.6 | −0.146% | $377K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.5 | −0.157% | $175K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.4 | −0.157% | $60K | $39K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468.4 | −0.159% | $14K | $832K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.9 | −0.126% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.5 | −0.086% | $762.2M | $454.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.1 | −0.181% | $14.9M | $31.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.1 | −0.112% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,468.2 | −0.177% | $683.1M | $2.39B | 75x | |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470.3 | −0.034% | $700K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471 | +0.015% | $895K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468 | −0.185% | $51.3M | $179.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.9 | −0.196% | $230.8M | $824.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.6 | −0.144% | $104.8M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.2 | −0.177% | $163.3M | $293.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.3 | −0.235% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.6 | −0.012% | $572K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,471.5 | +0.052% | $3.0M | $466K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470 | −0.055% | $430K | $860K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.1 | −0.048% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.1 | −0.181% | $332K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.5 | −0.151% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.8 | −0.270% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.9 | +0.010% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.5 | −0.152% | $242K | $4.0M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468 | −0.186% | $2.5M | $21.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.4 | −0.095% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.1 | −0.180% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.2 | −0.173% | $58K | $183K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0111% | 1h | 1,469.3 | −0.097% | $604K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0184% | 1h | 1,469.6 | −0.080% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,469.2 | −0.109% | $849K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,469.8 | −0.069% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0528% | 1h | 1,469.1 | −0.115% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0766% | 1h | 1,471 | +0.017% | $44K | $47K | 10x | as long as short |
| Lighter RH ZEC | +0.0768% | 1h | 1,471 | +0.016% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
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
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC