ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.3343%/8h= −366.1% APRnext payment −$4.18 per $10,000 · paid last 24h −0.687%

Price spread now: Injective against SoDEX−0.561%7-day average +0.069% · you buy dearer than you sell

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

Long on SoDEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.644%−$64 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.561%, 7d avg +0.069%

Together, before fees−0.706%−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$100 a day on $10k at the current rate, and Injective is 0.630% cheaper against SoDEX than usual: you would sell low and buy high (−$63 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.644% in total (about -68.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.18 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	SoDEX ZEC-USD	1,500	0.0100	pay 0.0013% / 1h	6m 55s	$248K	$3.5M	10x
Short	Injective ZEC/USDC PERP	1,491.6	−0.3243	pay 0.0405% / 1h	6m 55s	$34K	$273K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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 SoDEXbpFee InjectivebpOrdersPrice spread, now −0.561%Rate

Funding earned: −$702.1
Price spread: −0.561% → +0.069%: −$62.95
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$773.08
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 2 min ago; Injective: live order book, 42 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 SoDEX live order book, 2 min ago	0.17 bp	4.6 bp −$5	14.0 bp −$140	102.3 bp −$10.2K	doesn't fit
Sell Injective live order book, 42 min ago	60.15 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	−0.3243%	1h	1,491.6	−0.561%	$34K	$273K	12x
Bulk ZEC-USD	−0.0279%	1h	1,512.6	+0.840%	$914K	$15K	10x	as long as short
BloFin ZEC-USDT	−0.0124%	8h	1,499.5	−0.033%	$30.6M	$74.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,498.3	−0.117%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496.8	−0.214%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,500.9	+0.058%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.3	−0.314%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,497.6	−0.161%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0068%	8h	1,500.6	+0.036%	$303K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,496.7	−0.223%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,496.7	−0.221%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.4	−0.243%	$152K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.8	−0.215%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,500.5	+0.033%	$782.7M	$437.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,498.5	−0.101%	$14.3M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,496.8	−0.212%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,498.8	−0.084%	$696.1M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,498.6	−0.095%	$274.5M	$620.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.6	−0.093%	$181.3M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,505.1	+0.339%	$408K	$484K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498.7	−0.086%	$54.0M	$182.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.5	−0.102%	$227.0M	$783.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499	−0.068%	$103.0M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,498.8	−0.081%	$161.6M	$284.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,498.8	−0.083%	—	$114.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,504.3	+0.283%	$49.1M	$33.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,505.7	+0.379%	$575K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.4	+0.356%	$3.1M	$475K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.8	+0.319%	$417K	$929K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,498.2	−0.123%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.7	−0.287%	$362K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,497.5	−0.171%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,499.8	−0.016%	$458K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,502.2	+0.147%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,500	long leg	$248K	$3.5M	10x
HTX ZEC-USDT	+0.0100%	8h	1,498.8	−0.083%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,499.6	−0.026%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,496.9	−0.206%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,496.3	−0.247%	$13K	$856K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.6	−0.092%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,499.8	−0.015%	$46K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0107% / S −0.0082%	1h	1,497.5	−0.170%	$404K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,500.2	+0.013%	$18.2M	$46.1M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,496.6	−0.227%	$934K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0208%	1h	1,501.3	+0.088%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0224%	1h	1,501.8	+0.119%	$19.7M	$45.9M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0376%	1h	1,500.2	+0.015%	$2.3M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0451%	1h	1,501.1	+0.074%	$50K	$61K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0457%	1h	1,502.1	+0.138%	$711K	$1.4M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,502.1	+0.136%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,497.9	−0.140%	$619K	$8.5M	10x	as long as short