ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.3667%/8h= +401.5% APRnext payment +$4.58 per $10,000 · paid last 24h +0.780%

Price spread now: Deribit against Injective+1.710%7-day average +0.012% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+2.433%+$243 on $10k

Price spread, last 4 days (all we have)−1.612%−$161 · spread now +1.710%, 7d avg +0.012%

Together, before fees+0.821%+$82 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$110 a day on $10k at the current rate, and Deribit is 1.698% dearer against Injective than usual: you sell high and buy low: +$170 more if the spread goes back to its 7-day average of +0.012%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.433% in total (about 126.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.58 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	1,479.6	−0.3442	get 0.0430% / 1h	18m 41s	$36K	$275K	12x
Short	Deribit ZEC_USDC-PERPETUAL	1,504.9	0.0226	get 0.0028% / 1h	18m 41s	$687K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now +1.710%Rate

Funding earned: $770.08
Price spread: +1.710% → +0.012%: $169.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $932.85
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: live order book, 20 min ago; Deribit: live order book, just now. 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, 20 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 Deribit live order book, just now	3.56 bp	7.1 bp −$7	13.4 bp −$134	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 PERPlong	−0.3442%	1h	1,479.6	long leg	$36K	$275K	12x
Perpl ZEC	−0.0447%	43m	1,500.7	+1.427%	$61K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0148%	8h	1,504.3	+1.669%	$31.3M	$76.0M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	+1.090%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0106%	1h	1,495.9	+1.104%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,496.8	+1.162%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.9	+1.643%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,499.2	+1.325%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503	+1.583%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,504.9	+1.710%	$18.1M	$47.1M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0043%	1h	1,498	+1.245%	$408K	$555K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,503.6	+1.624%	$303K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,502.8	+1.567%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496	+1.110%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,502.5	+1.548%	$183K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,502.6	+1.557%	$12K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503.7	+1.633%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501.9	+1.509%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.2	+1.732%	$786.3M	$439.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503	+1.583%	$14.0M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,503.8	+1.637%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.1	+1.591%	$703.2M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.2	+1.598%	$270.2M	$618.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503.1	+1.592%	$183.3M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.1	+1.590%	$56.8M	$185.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,503.3	+1.605%	$243.5M	$804.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,504.3	+1.667%	$103.3M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,504.2	+1.664%	$162.7M	$289.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,503.1	+1.588%	—	$117.5M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	+1.055%	$48.9M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,493.9	+0.969%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	+1.130%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.6	+1.014%	$411K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,496	+1.108%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502.3	+1.536%	$360K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.8	+1.572%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502.8	+1.568%	$459K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506.5	+1.821%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,504.2	+1.665%	$254K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,503.6	+1.621%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,504.2	+1.663%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.4	+1.611%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,504	+1.654%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,504.8	+1.702%	$2.1M	$7.4M	10x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,503	+1.581%	$946K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0145% / S −0.0143%	1h	1,504.5	+1.683%	$334K	—	100x	as long as short
Lighter ZEC	+0.0216%	1h	1,505	+1.718%	$20.0M	$45.7M	20x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0226%	1h	1,504.9	+1.710%	$687K	$1.4M	25x
Arcus ZEC-USD	+0.0403%	1h	1,503.3	+1.606%	$609K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,504.8	+1.707%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0538%	1h	1,504.7	+1.700%	$2.3M	$3.8M	15x	as long as short