Funding you earn now, next payment 05:00 UTC−0.3142%/8h= −344.0% APRnext payment −$3.93 per $10,000 · paid last 24h −0.660%
Price spread now: Injective against Derive+0.154%7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.479%−$248 on $10k
+Price spread, last 4 days (all we have)+0.208%+$21 · spread now +0.154%, 7d avg +0.142%
=The price spread sits at its 7-day average of +0.142%, so right now this pair is about funding alone: −$94 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,451.8 | 0.0100 | pay 0.0013% / 1h | 49m 15s | $443K | $521K | 6.7x |
| Short | Injective ZEC/USDC PERP | 1,454 | −0.3042 | pay 0.0380% / 1h | 49m 15s | $33K | $272K | 12x |
Derive ZEC-PERP
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Derive. 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
- −$659.79
- Price spread: +0.154% → +0.142%
- $1.21
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$664.6
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Injective: live order book, 5 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 Derive no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 5 min ago | 59.94 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Derive: 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 | −0.3042% | 1h | 1,454 | +0.154% | $33K | $272K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,453.8 | +0.137% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,452.9 | +0.077% | $29.4M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.1 | +0.089% | $409K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.7 | +0.134% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.6 | +0.053% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.9 | +0.078% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,453.1 | +0.087% | $290K | $943K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0079% / S −0.0028% | 1h | 1,452.8 | +0.069% | $432K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.1 | +0.087% | $173K | $1.7M | 50x | as long as short |
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,453.3 | +0.103% | $10K | $848K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.3 | +0.101% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.9 | +0.146% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,452.8 | +0.070% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.7 | +0.131% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.8 | +0.068% | $667.1M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,452.2 | +0.031% | $260.8M | $600.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.6 | +0.058% | $177.6M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.7 | +0.063% | $395K | $440K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | +0.153% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,452.9 | +0.078% | $50.5M | $170.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.7 | +0.062% | $214.5M | $765.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.9 | +0.078% | $102.5M | $53.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.4 | +0.107% | $165.2M | $270.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,453.1 | +0.092% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,453 | +0.085% | $47.6M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.8 | +0.276% | $566K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.5 | +0.325% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457 | +0.359% | $404K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,453.1 | +0.088% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.7 | +0.063% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453 | +0.082% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,451.8 | long leg | $443K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.1 | +0.224% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.9 | +0.073% | $233K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.2 | +0.099% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.3 | +0.101% | $3.8M | $5.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0104% | 1h | 1,454.1 | +0.160% | $2.1M | $7.0M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,453 | +0.086% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.1 | +0.092% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,454.5 | +0.189% | $4.6M | $1.3M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,453.4 | +0.113% | $8K | $7K | 5x | as long as short |
| Hyperliquid ZEC | +0.0123% | 1h | 1,454.1 | +0.159% | $756.3M | $428.5M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0168% | 1h | 1,453.9 | +0.147% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,454.3 | +0.174% | $19.2M | $44.7M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,453.3 | +0.103% | $920K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0282% | 1h | 1,453.8 | +0.142% | $613K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,452.9 | +0.078% | $18.0M | $45.1M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,455.3 | +0.244% | $688K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,455.2 | +0.231% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0679% | 1h | 1,454.9 | +0.217% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Lighter RH ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
01 Exchange ZECUSD
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD