Funding you earn now, next payment 11:00 UTC−0.4230%/8h= −463.2% APRnext payment −$5.29 per $10,000 · paid last 24h −0.796%
Price spread now: Injective against ApeX Omni−1.613%7-day average +0.160% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.416%−$142 on $10k
+Price spread, last 4 days (all we have)+2.568%+$257 · spread now −1.613%, 7d avg +0.160%
=Both sides work against this trade now: funding costs −$127 a day on $10k at the current rate, and Injective is 1.773% cheaper against ApeX Omni than usual: you would sell low and buy high (−$177 if the spread goes back to its 7-day average of +0.160%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.416% in total (about -73.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.29 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZECUSDT | 1,504.2 | 0.0100 | pay 0.0013% / 1h | 54m 46s | $411K | $948K | 50x |
| Short | Injective ZEC/USDC PERP | 1,480 | −0.4130 | pay 0.0516% / 1h | 54m 46s | $36K | $267K | 12x |
ApeX Omni ZECUSDT
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against ApeX 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
- −$888.32
- Price spread: −1.613% → +0.160%
- −$177.29
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,075.63
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 57 min ago; Injective: live order book, 57 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 ApeX Omni live order book, 57 min ago | 5.79 bp | 10.8 bp −$11 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Injective live order book, 57 min ago | 56.04 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ZEC on 50 exchanges
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 | −0.4130% | 1h | 1,480 | −1.613% | $36K | $267K | 12x | |
| BloFin ZEC-USDT | −0.0186% | 8h | 1,502.9 | −0.089% | $31.8M | $72.9M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0094% | 1h | 1,504.4 | +0.008% | $46K | $58K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0092% | 1h | 1,504.1 | −0.009% | $409K | $499K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.6 | −0.043% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502.7 | −0.104% | $414K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,504.4 | +0.013% | $1.5M | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,502.8 | −0.098% | $63K | $300K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,505.1 | +0.057% | $5.4M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,503.4 | −0.054% | $8K | $6K | 5x | as long as short |
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSDShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx ZEC/USDC | +0.0032% | 1h | 1,506.1 | +0.124% | $911K | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0043% | 1h | 1,503.5 | −0.047% | $685K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0071% | 8h | 1,502.4 | −0.125% | $303K | $856K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,503.8 | −0.027% | $19.9M | $38.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,504.5 | +0.019% | $2.0M | $7.0M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.4 | −0.056% | $169K | $1.5M | 50x | as long as short |
| Aster ZECUSDT | +0.0097% | 8h | 1,502.5 | −0.113% | $14.1M | $27.0M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,503.2 | −0.069% | $18.5M | $46.2M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,503.1 | −0.074% | $62K | $14K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,503 | −0.084% | $25K | $880K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.9 | −0.022% | $3.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,504.1 | −0.009% | $789.3M | $432.3M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,503.9 | −0.025% | $1.7M | $1.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,502.6 | −0.109% | $707.4M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,502.6 | −0.107% | $276.0M | $588.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,502.5 | −0.113% | $185.8M | $1.30B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,503.9 | −0.021% | $596K | $8.4M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,502.7 | −0.102% | $62.8M | $171.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502.9 | −0.088% | $178.0M | $822.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,502.7 | −0.105% | $105.3M | $53.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,502.8 | −0.096% | $164.2M | $279.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,502.1 | −0.144% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,503.2 | −0.068% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,505.7 | +0.097% | $49.5M | $34.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.6 | +0.021% | $550K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.7 | +0.165% | $3.1M | $599K | 10x | as long as short |
| ApeX Omni ZECUSDTlong | +0.0100% | 1h | 1,504.2 | long leg | $411K | $948K | 50x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,505.8 | +0.103% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,503.1 | −0.076% | $371K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,503.2 | −0.070% | $167K | $188K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,505.3 | +0.070% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,502.7 | −0.104% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,502.3 | −0.127% | $2.6M | $20.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.9 | −0.022% | $4.0M | $4.8M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,505.5 | +0.085% | $781K | $158K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,503 | −0.083% | $2.7M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.5 | −0.115% | $37K | $163K | 20x | as long as short |
| Phoenix ZEC | +0.0139% | 1h | 1,506.5 | +0.148% | $4.8M | $1.3M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0185% / S −0.0196% | 1h | 1,503.2 | −0.072% | $350K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,504.7 | +0.029% | $3.9M | $9.5M | 50x | as long as short |
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Aster ZECUSDT
Kraken Futures PF_ZECUSD
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX