ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.3476%/8h= −380.6% APRnext payment −$4.34 per $10,000 · paid last 24h −0.356%

Price spread now: Injective against dYdX−1.088%7-day average +0.110% · you buy dearer than you sell

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.264%−$226 on $10k

Price spread, last 3 days (all we have)+2.023%+$202 · spread now −1.088%, 7d avg +0.110%

Together, before fees−0.241%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$104 a day on $10k at the current rate, and Injective is 1.198% cheaper against dYdX than usual: you would sell low and buy high (−$120 if the spread goes back to its 7-day average of +0.110%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.264% in total (about -118.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.34 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	dYdX ZEC-USD	1,462.1	0	get 0.0000% / 1h	2m 57s	$412K	$106K	5x
Short	Injective ZEC/USDC PERP	1,446.2	−0.3476	pay 0.0434% / 1h	2m 57s	$33K	$275K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now −1.088%Rate

Funding earned: −$729.91
Price spread: −1.088% → +0.110%: −$119.79
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$859.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 21 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 dYdX live order book, 21 min ago	38.64 bp	44.8 bp −$45	52.1 bp −$521	102.1 bp −$10.2K	416.9 bp −$208.5K
Sell Injective live order book, 21 min ago	50.93 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	−0.3476%	1h	1,446.2	−1.088%	$33K	$275K	12x
BloFin ZEC-USDT	−0.0087%	8h	1,461.1	−0.064%	$28.9M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.8	−0.019%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,462.2	+0.008%	$17.8M	$44.9M	25x	as long as short
Bybit ZECUSDT	−0.0036%	8h	1,460.4	−0.114%	$269.5M	$679.0M	75x	as long as short
Variational Omni ZEC	−0.0014%	8h	1,458.9	−0.216%	$45.7M	$33.4M	—	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,462.1	long leg	$412K	$106K	5x
Kalshi KXZECPERP	0.0000%	8h	1,462.3	+0.014%	$935K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461.4	−0.047%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,462.5	+0.028%	$595K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0005%	1h	1,460.7	−0.093%	$396K	$516K	5x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,462.2	+0.011%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0013% / S +0.0076%	1h	1,461.9	−0.008%	$559K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,461.5	−0.042%	$293K	$1.5M	20x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,462.4	+0.023%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0055%	8h	1,461.9	−0.010%	$50.0M	$191.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0056%	8h	1,460.9	−0.078%	$175.0M	$1.37B	50x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,462	−0.005%	$13K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,463.5	+0.101%	$18.9M	$54.8M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,461.6	−0.029%	$174K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,461.7	−0.022%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.6	+0.035%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,462.6	+0.037%	$758.3M	$495.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462	−0.005%	$15.4M	$33.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.4	+0.020%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.8	−0.020%	$668.6M	$2.53B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,462.1	+0.001%	$223.2M	$901.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.9	−0.008%	$103.3M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461	−0.071%	$161.6M	$312.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,461.8	−0.016%	—	$101.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.7	+0.040%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.8	−0.089%	$508K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,461.7	−0.023%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.1	−0.066%	$429K	$816K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.4	+0.025%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.6	−0.031%	$343K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.5	−0.038%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,460.3	−0.122%	$446K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463.7	+0.110%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.9	−0.010%	$222K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461.9	−0.009%	$2.4M	$24.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.1	+0.005%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.7	−0.367%	$897K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,462	−0.003%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.5	−0.036%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.5	−0.037%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,462.4	+0.021%	$844K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,464	+0.135%	$3.7M	$11.7M	50x	as long as short
Aftermath Perps ZECUSD	+0.0495%	1h	1,461.2	−0.061%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,462.4	+0.025%	$742K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0560%	1h	1,463.9	+0.128%	$2.0M	$8.5M	10x	as long as short