ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.4070%/8h= +445.7% APRnext payment +$5.09 per $10,000 · paid last 24h +0.900%

Price spread now: Coinbase International against Injective+1.191%64s7-day average +0.086% · you sell dearer than you buy

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+2.532%+$253 on $10k

Price spread, last 4 days (all we have)−1.758%−$176 · spread now +1.191%, 7d avg +0.086%

Together, before fees+0.773%+$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$122 a day on $10k at the current rate, and Coinbase International is 1.105% dearer against Injective than usual: you sell high and buy low: +$110 more if the spread goes back to its 7-day average of +0.086%. The two prices were read 64 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 2.532% in total (about 132.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.09 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	Injective ZEC/USDC PERP	1,491.4	−0.3702	get 0.0463% / 1h	33m 24s	$36K	$275K	12x
Short	Coinbase International ZEC-PERP-INTX	1,509.2	0.0368	get 0.0046% / 1h	33m 24s	$3.8M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +1.191%Rate

Funding earned: $854.68
Price spread: +1.191% → +0.086%: $110.49
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $955.15
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: live order book, 66 min ago; Coinbase International: 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 Injective live order book, 66 min ago	63.85 bp	492043.8 bp −$492.0K	4976718.0 bp −$49.77M	49523820.0 bp −$4952.38M	246762416.0 bp −$123381.21M
Sell Coinbase International live order book, 6 min ago	0.93 bp	11.3 bp −$11	16.3 bp −$163	42.2 bp −$4,225	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	−0.3702%	1h	1,491.4	long leg	$36K	$275K	12x
Perpl ZEC	−0.0447%	43m	1,504.4	+0.868%	$62K	$305K	10x	as long as short
Aftermath Perps ZECUSD	−0.0201%	1h	1,507.8	+1.095%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0155%	8h	1,506.2	+0.994%	$31.8M	$76.6M	75x	as long as short
Bulk ZEC-USD	−0.0098%	1h	1,506.5	+1.013%	$775K	$147K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.4	+0.938%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.1	+0.986%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,507.4	+1.069%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,506.4	+1.002%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,506.6	+1.019%	$18.3M	$48.0M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0032%	1h	1,505.2	+0.924%	$8K	$6K	5x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,505.4	+0.937%	$60.6M	$185.4M	75x	as long as short
Phoenix ZEC	+0.0082%	1h	1,507	+1.045%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0085%	8h	1,507.8	+1.099%	$304K	$861K	20x	as long as short
ApeX Omni ZECUSDT	+0.0095%	1h	1,507.1	+1.051%	$414K	$952K	50x	as long as short
Lighter ZEC	+0.0096%	1h	1,506.4	+1.004%	$19.5M	$44.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,506.6	+1.018%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.1	+0.917%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.2	+0.925%	$62K	$17K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.2	+0.921%	$17K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.7	+0.959%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.7	+0.957%	$788.4M	$445.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,504.8	+0.895%	$14.1M	$30.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.6	+0.951%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.2	+0.921%	$710.8M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,504.6	+0.882%	$269.8M	$625.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,504.7	+0.890%	$185.4M	$1.37B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,505.4	+0.937%	$411K	$554K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,506.4	+1.006%	$608K	$9.0M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.3	+0.930%	$406.9M	$834.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505	+0.913%	$102.9M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505	+0.911%	$162.8M	$295.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,505.1	+0.914%	—	$120.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.9	+1.041%	$49.9M	$35.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.7	+1.026%	$556K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.8	+1.028%	$3.1M	$533K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.9	+0.972%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.3	+0.931%	$374K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,505.7	+0.954%	$168K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.3	+0.995%	$450K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.5	+1.080%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,506.5	+1.010%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,507	+1.045%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,507.1	+1.053%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505	+0.909%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,507	+1.043%	$45K	$153K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,505.2	+0.921%	$966K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0158% / S −0.0162%	1h	1,506.2	+0.991%	$334K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0356%	1h	1,508.6	+1.150%	$690K	$1.4M	25x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0368%	1h	1,509.2	+1.191%	$3.8M	$10.1M	50x
Backpack ZEC_USDC_PERP	+0.0379%	1h	1,507.6	+1.086%	$2.4M	$3.8M	15x	as long as short