ZEC

Alert

Funding spread now, next payment 17:00 UTC+0.3792%/8h

next payment, per $10,000+$4.74paid, last 24h+0.197%paid, last 4 days+0.709%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.709% in total (about 70.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.74 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	1,484.7	−0.3792	get 0.0474% / 1h	22m 49s	$34K	$13K	12x
Short	Phoenix ZEC	1,479.6	0	get 0.0000% / 1h	22m 49s	$4.7M	$1.7M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersRate

Funding earned: $796.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $789.28
Break-even: 0.1 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.345%
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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 2 min ago	2.02 bp	7.0 bp −$7	16.7 bp −$167	58.5 bp −$5,847	doesn't fit

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 PERPlong	−0.3792%	1h	$34K	$13K	12x
ApeX Omni ZECUSDT	−0.0963%	1h	$968K	$466K	50x	as long as short
Kraken Futures PF_ZECUSD	−0.0513%	1h	$18.2M	$47.3M	25x	as long as short
Bybit ZECUSDT	−0.0311%	8h	$280.8M	$778.3M	75x	as long as short
Gate ZEC_USDT	−0.0151%	8h	$51.3M	$218.0M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0108%	1h	$405K	$757K	5x	as long as short
Variational Omni ZEC	−0.0093%	8h	$47.6M	$32.9M	—	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
BloFin ZEC-USDT	−0.0048%	8h	$30.8M	$82.1M	75x	as long as short
Aster ZECUSDT	−0.0038%	8h	$15.0M	$37.9M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange ZECUSD	−0.0032%	1h	$9K	$11K	5x	as long as short
Orderly PERP_ZEC_USDC	−0.0016%	8h	$268K	$1.6M	20x	as long as short
OKX ZEC-USDT-SWAP	−0.0012%	8h	$179.5M	$1.61B	50x	as long as short
Binance ZECUSDT	0.0000%	8h	$681.3M	$2.88B	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	$418K	$119K	5x	as long as short
MEXC ZEC_USDT	0.0000%	8h	$211.9M	$998.2M	150x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$928K	$6.5M	2.2x	as long as short
Phoenix ZECshort	0.0000%	1h	$4.7M	$1.7M	10x
Perpl ZEC	0.0000%	43m	$78K	$399K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	$580K	$1.4M	25x	as long as short
SoDEX ZEC-USD	+0.0006%	1h	$225K	$5.6M	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
BingX ZEC-USDT	+0.0037%	8h	—	$129.0M	—	as long as short
Bitget ZECUSDT	+0.0041%	8h	$168.2M	$348.8M	75x	as long as short
Katana Perps ZEC-USD	+0.0053%	8h	$13K	$995K	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0088%	1h	$852K	$2.9M	10x	as long as short
Paradex ZEC-USD-PERP	+0.0094%	8h	$61K	$38K	10x	as long as short
Lighter ZEC	+0.0096%	1h	$19.4M	$63.0M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	$1.7M	$8.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$174K	$2.3M	50x	as long as short
Bullet ZEC-USD	+0.0100%	1h	$57K	$123K	20x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.0M	$7.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$786.1M	$650.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.6M	$3.6M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$708K	$6.8M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	$909K	$39K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.0M	$68.7M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.2M	$3.7M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$500K	$10.7M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$112K	$4.0M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$319K	$3.2M	10x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$460K	$486K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.4M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.5M	$31.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.8M	$6.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.3M	$4.9M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0107% / S +0.0018%	1h	$542K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0320%	1h	$3.9M	$13.7M	50x	as long as short
Aftermath Perps ZECUSD	+0.0329%	1h	$39K	$34K	10x	as long as short