Funding you earn now, next payment 01:00 UTC−0.3549%/8h= −388.6% APRnext payment −$4.44 per $10,000 · paid last 24h −0.505%
Price spread now: Injective against RISEx−0.123%7-day average +0.057% · 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)−0.616%−$62 on $10k
+Price spread, last 3 days (all we have)−0.279%−$28 · spread now −0.123%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$106 a day on $10k at the current rate, and Injective is 0.180% cheaper against RISEx than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.616% in total (about -65.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.44 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 | RISEx ZEC/USDC | 1,476.8 | 0.0228 | pay 0.0029% / 1h | 52m 49s | $842K | $1.2M | 10x |
| Short | Injective ZEC/USDC PERP | 1,475 | −0.3321 | pay 0.0415% / 1h | 52m 49s | $34K | $275K | 12x |
RISEx ZEC/USDC
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against RISEx. 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
- −$745.23
- Price spread: −0.123% → +0.057%
- −$18.04
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$769.3
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 1 min ago; 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 RISEx live order book, 1 min ago | 0.54 bp | 3.5 bp −$4 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Injective live order book, 21 min ago | 61.95 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3321% | 1h | 1,475 | −0.123% | $34K | $275K | 12x | |
| Kraken Futures PF_ZECUSD | −0.0341% | 1h | 1,476.6 | −0.014% | $17.9M | $43.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0174% | 1h | 1,474.9 | −0.128% | $399K | $517K | 5x | as long as short |
| Bybit ZECUSDT | −0.0136% | 8h | 1,476.4 | −0.025% | $275.7M | $646.7M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0104% | 8h | 1,476.6 | −0.012% | $29.6M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,476.9 | +0.010% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0060% | 8h | 1,472.4 | −0.298% | $47.7M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.3 | +0.032% | $416K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477 | +0.013% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.8 | −0.071% | $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 | 1,476.3 | −0.035% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,476.6 | −0.014% | $295K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,476.7 | −0.008% | $182.6M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,476.4 | −0.025% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,477 | +0.013% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,476 | −0.053% | $373K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0062% | 8h | 1,477.3 | +0.032% | $51.6M | $177.9M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,478.1 | +0.087% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476 | −0.054% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,476.9 | +0.010% | $13K | $855K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,476.1 | −0.046% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.5 | −0.021% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,478.2 | +0.095% | $766.5M | $459.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,477.1 | +0.021% | $15.0M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,476.6 | −0.012% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,476.9 | +0.010% | $685.9M | $2.44B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,477.5 | +0.048% | $686K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.409% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,477 | +0.016% | $232.9M | $821.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,477.1 | +0.023% | $105.3M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,477 | +0.013% | $164.3M | $299.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,476.5 | −0.019% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472 | −0.328% | $550K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.1 | −0.182% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,472.7 | −0.276% | $432K | $851K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,478.2 | +0.092% | $111K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,475.9 | −0.060% | $335K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,475.6 | −0.079% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,474.9 | −0.130% | $460K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.1 | +0.087% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,476.3 | −0.033% | $243K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475.4 | −0.096% | $2.5M | $22.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,477 | +0.017% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,477.2 | +0.028% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.7 | −0.276% | $74K | $242K | 20x | as long as short |
| RISEx ZEC/USDClong | +0.0228% | 1h | 1,476.8 | long leg | $842K | $1.2M | 10x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0392% | 1h | 1,477.8 | +0.066% | $616K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,478.9 | +0.142% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0648% | 1h | 1,479 | +0.148% | $2.0M | $8.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0652% | 1h | 1,478 | +0.083% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0777% | 1h | 1,475.2 | −0.111% | $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
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD