ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3492%/8h= −382.4% APRnext payment −$4.36 per $10,000 · paid last 24h −0.755%

Price spread now: Injective against Ondo Perps−1.230%101s7-day average +0.108% · you buy dearer than you sell

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

Long on Ondo Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.526%−$253 on $10k

Price spread, last 4 days (all we have)+1.321%+$132 · spread now −1.230%, 7d avg +0.108%

Together, before fees−1.204%+ Points / potential airdropOndo Perps: Active · farm board−$120 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$105 a day on $10k at the current rate, and Injective is 1.338% cheaper against Ondo Perps than usual: you would sell low and buy high (−$134 if the spread goes back to its 7-day average of +0.108%). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZEC-USD.P	1,498	0.0050	pay 0.0006% / 1h	17m 41s	$408K	$555K	5x
Short	Injective ZEC/USDC PERP	1,479.6	−0.3442	pay 0.0430% / 1h	17m 41s	$36K	$275K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Ondo Perps. 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 Ondo PerpsbpFee InjectivebpOrdersPrice spread, now −1.230%Rate

Funding earned: −$733.3
Price spread: −1.230% → +0.108%: −$133.77
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$872.09
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Injective: live order book, 21 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Injective live order book, 21 min ago	63.85 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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 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 PERPshort	−0.3442%	1h	1,479.6	−1.230%	$36K	$275K	12x
Perpl ZEC	−0.0447%	43m	1,502.3	+0.286%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0148%	8h	1,504.3	+0.419%	$31.3M	$76.0M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.153%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0100%	1h	1,497.3	−0.047%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.3	+0.352%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,505.2	+0.480%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,504.3	+0.421%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.8	+0.384%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,504.5	+0.435%	$18.0M	$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.Plong	+0.0050%	1h	1,498	long leg	$408K	$555K	5x
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,503.7	+0.383%	$303K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,505.4	+0.495%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496	−0.133%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.2	+0.480%	$183K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,505.3	+0.487%	$12K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.4	+0.493%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.7	+0.448%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.9	+0.527%	$786.7M	$439.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,504.9	+0.460%	$14.0M	$30.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.8	+0.518%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.3	+0.487%	$704.2M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,505.2	+0.483%	$270.6M	$617.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.3	+0.487%	$183.9M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,505.2	+0.481%	$57.0M	$185.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.4	+0.491%	$243.1M	$804.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.6	+0.504%	$103.4M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.4	+0.491%	$162.8M	$289.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,504.4	+0.429%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	−0.188%	$48.9M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,493.9	−0.273%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	−0.114%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.6	−0.228%	$411K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,502.4	+0.292%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503	+0.334%	$361K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.7	+0.379%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502.7	+0.314%	$459K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506.1	+0.543%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.8	+0.389%	$254K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,502.1	+0.274%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.6	+0.371%	$4.0M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,506.6	+0.577%	$2.1M	$7.4M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.3	+0.489%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.9	+0.397%	$43K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0115%	1h	1,504.6	+0.444%	$687K	$1.4M	25x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,505.5	+0.500%	$948K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0146% / S −0.0143%	1h	1,504	+0.399%	$334K	—	100x	as long as short
Lighter ZEC	+0.0208%	1h	1,506.6	+0.575%	$20.0M	$45.8M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,505.9	+0.526%	$609K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,504.8	+0.457%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0524%	1h	1,504.3	+0.417%	$2.3M	$3.8M	15x	as long as short