Funding you earn now, next payment 09:00 UTC−0.3802%/8h= −416.3% APRpaid last 24h −0.798%
Price spread now: Injective against Variational Omni−0.959%7-day average +0.095% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.796%−$80 on $10k
+Price spread, last 4 days (all we have)+2.522%+$252 · spread now −0.959%, 7d avg +0.095%
=Together, before fees+1.726%+ Points / potential airdropVariational Omni: Active · farm board+$173 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$114 a day on $10k at the current rate, and Injective is 1.055% cheaper against Variational Omni than usual: you would sell low and buy high (−$105 if the spread goes back to its 7-day average of +0.095%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.796% in total (about -79.0% a year). A funding rate is set anew for every payment. 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 | Variational Omni ZEC | 1,515.2 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $50.2M | $36.0M | — |
| Short | Injective ZEC/USDC PERP | 1,500.6 | −0.3702 | pay 0.0463% / 1h | 44m 59s | $37K | $275K | 12x |
Variational Omni ZEC
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- −$798.4
- Price spread: −0.959% → +0.095%
- −$105.48
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$903.9
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Injective: live order book, 54 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 Variational Omni RFQ quote, 4 min ago | 2.77 bp | doesn't fit | 9.0 bp −$90 | 16.4 bp −$1,641 | doesn't fit |
| Sell Injective live order book, 54 min ago | 63.85 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 | −0.3702% | 1h | 1,500.6 | −0.959% | $37K | $275K | 12x | |
| Perpl ZEC | −0.0447% | 43m | 1,511.1 | −0.265% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,512.4 | −0.184% | $31.5M | $77.0M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0137% | 1h | 1,515.4 | +0.019% | $48K | $59K | 10x | as long as short |
| Bulk ZEC-USD | −0.0101% | 1h | 1,517.9 | +0.181% | $781K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,512.2 | −0.198% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,513.5 | −0.110% | $420K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,514.2 | −0.060% | $1.6M | $5.0M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,512.3 | −0.185% | $691K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,511.6 | −0.234% | $5.4M | — | 150x | as long as short |
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,512.6 | −0.171% | $18.4M | $47.8M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,512 | −0.206% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0062% | 8h | 1,511.3 | −0.254% | $60.3M | $183.9M | 75x | as long as short |
| ApeX Omni ZECUSDT | +0.0072% | 1h | 1,516.6 | +0.096% | $416K | $952K | 50x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,518.9 | +0.244% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,511.7 | −0.231% | $305K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,513.1 | −0.133% | $19.6M | $44.7M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,513.7 | −0.095% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,511.6 | −0.238% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,511.8 | −0.219% | $62K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,511.8 | −0.224% | $16K | $900K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,512 | −0.211% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,512.7 | −0.162% | $792.0M | $448.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,511.5 | −0.242% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,512.9 | −0.151% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,511.7 | −0.226% | $714.7M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,511.1 | −0.269% | $271.7M | $629.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,511.4 | −0.247% | $185.3M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,516.4 | +0.082% | $413K | $548K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,512.7 | −0.163% | $597K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,512.1 | −0.200% | $407.2M | $830.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,511.9 | −0.218% | $103.3M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,512 | −0.212% | $163.9M | $295.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,512.3 | −0.190% | — | $120.3M | — | as long as short |
| Variational Omni ZEClong | +0.0100% | 8h | 1,515.2 | long leg | $50.2M | $36.0M | — | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,518.8 | +0.237% | $556K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,516.2 | +0.070% | $3.1M | $530K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,517.2 | +0.132% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,512.1 | −0.202% | $375K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,511.7 | −0.229% | $170K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,516.9 | +0.114% | $453K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,514.3 | −0.059% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,512.1 | −0.202% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,511.2 | −0.264% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,512.7 | −0.163% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,511.6 | −0.236% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,511.9 | −0.216% | $45K | $153K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0155% / S −0.0158% | 1h | 1,511.6 | −0.236% | $336K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,512 | −0.211% | $964K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,513.7 | −0.097% | $3.8M | $10.0M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0524% | 1h | 1,512.3 | −0.186% | $2.4M | $3.8M | 15x | as long as short |
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
Gate ZEC_USDT
ApeX Omni ZECUSDT
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP