Funding you earn now, next payment 01:00 UTC+0.3421%/8h= +374.5% APRnext payment +$4.28 per $10,000 · paid last 24h +0.491%
Price spread now: SoDEX against Injective−0.011%62s7-day average −0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.399%+$40 on $10k
+Price spread, last 3 days (all we have)+0.633%+$63 · spread now −0.011%, 7d avg −0.083%
=Both sides work for this trade now. Funding pays +$103 a day on $10k at the current rate, and SoDEX is 0.072% dearer against Injective than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.083%. The two prices were read 62 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 3 days it paid 0.399% in total (about 45.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.28 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 | 1,475 | −0.3321 | get 0.0415% / 1h | 51m 30s | $34K | $275K | 12x |
| Short | SoDEX ZEC-USD | 1,474.8 | 0.0100 | get 0.0013% / 1h | 51m 30s | $243K | $4.4M | 10x |
Injective ZEC/USDC PERP
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.011% → −0.083%
- $7.17
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $717.45
- Costs to cover
- 0.080%
- Break-even
- 0.0 days
Slippage unknown: Injective: live order book, 23 min ago; SoDEX: live order book, 3 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, 23 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 SoDEX live order book, 3 min ago | 0.14 bp | 5.7 bp −$6 | 17.3 bp −$173 | 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 | −0.3321% | 1h | 1,475 | long leg | $34K | $275K | 12x | |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,474.8 | −0.012% | $18.0M | $43.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0206% | 1h | 1,474.7 | −0.018% | $400K | $517K | 5x | as long as short |
| Bybit ZECUSDT | −0.0111% | 8h | 1,473.4 | −0.110% | $274.9M | $647.2M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0104% | 8h | 1,476.6 | +0.111% | $29.6M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,475.4 | +0.031% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0060% | 8h | 1,472.4 | −0.175% | $47.7M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.3 | −0.045% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477.3 | +0.158% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,476.6 | +0.107% | $84K | $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 | 1,477.4 | +0.167% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,475 | +0.004% | $295K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,473.7 | −0.088% | $181.9M | $1.33B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,474.5 | −0.033% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,477 | +0.137% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,477.2 | +0.154% | $378K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0064% | 8h | 1,473.8 | −0.078% | $51.5M | $178.0M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,474.7 | −0.015% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.9 | −0.075% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,474.2 | −0.053% | $13K | $850K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.4 | −0.107% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.1 | −0.059% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475 | +0.002% | $764.9M | $459.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.6 | −0.091% | $15.0M | $32.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.8 | −0.077% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.081% | $684.4M | $2.44B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475.2 | +0.013% | $688K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.286% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.1 | −0.125% | $233.0M | $821.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.7 | −0.086% | $105.1M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.077% | $163.9M | $299.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,474 | −0.065% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475.8 | +0.058% | $575K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.2 | +0.153% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.5 | +0.106% | $432K | $858K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.130% | $111K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476.4 | +0.097% | $335K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.128% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.7 | −0.087% | $459K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.7 | +0.254% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,474.8 | −0.011% | $243K | $4.4M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475.8 | +0.057% | $2.5M | $22.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475.2 | +0.014% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,473.9 | −0.075% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.2 | −0.256% | $82K | $250K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0185% | 1h | 1,476 | +0.070% | $616K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,474.5 | −0.033% | $843K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,477.8 | +0.191% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0640% | 1h | 1,475.7 | +0.052% | $2.0M | $8.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0654% | 1h | 1,475 | +0.001% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0777% | 1h | 1,475.7 | +0.053% | $46K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
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
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD