Funding you earn now, next payment 03:00 UTC−0.3251%/8h= −356.0% APRnext payment −$4.06 per $10,000 · paid last 24h −0.556%
Price spread now: Injective against gTrade (Gains Network)+0.284%55s7-day average +0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.456%−$46 on $10k
+Price spread, last 4 days (all we have)+0.949%+$95 · spread now +0.284%, 7d avg +0.064%
=The price spread pays, funding is against you. Injective is 0.221% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.284% now, against its 7-day average of +0.064%): +$22 on $10k if it goes back. Holding the pair costs −$98 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 3 days (−0.456% in total) that is about 38 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.456% in total (about -50.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.06 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 | gTrade (Gains Network) ZEC/USD | 1,449.6 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 6m 22s | $5.1M | — | 150x |
| Short | Injective ZEC/USDC PERP | 1,453.8 | −0.3244 | pay 0.0406% / 1h | 6m 22s | $33K | $272K | 12x |
gTrade (Gains Network) ZEC/USD
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against gTrade (Gains Network). 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
- −$682.76
- Price spread: +0.284% → +0.064%
- $22.05
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$670.73
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Injective: live order book, 58 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago | 130.04 bp | 135.0 bp −$135 | 425.9 bp −$4,259 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Injective live order book, 58 min ago | 66.26 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 | −0.3244% | 1h | 1,453.8 | +0.284% | $33K | $272K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450.4 | +0.053% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,450.1 | +0.030% | $29.2M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.9 | +0.019% | $408K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.8 | +0.081% | $1.4M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.4 | +0.056% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USDlong | L +0.0007% / S −0.0006% | 1h | 1,449.6 | long leg | $5.1M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0053% | 8h | 1,452 | +0.161% | $291K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0012% | 1h | 1,451.8 | +0.153% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | +0.369% | $4.6M | $1.4M | 10x | as long as short |
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,450 | +0.026% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,449.7 | +0.003% | $13K | $869K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,450.3 | +0.045% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.3 | +0.048% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.1 | +0.101% | $754.3M | $433.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,450.1 | +0.033% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,450.4 | +0.051% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,449.9 | +0.021% | $663.9M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.7 | +0.004% | $262.2M | $606.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,450.4 | +0.053% | $177.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.3 | −0.023% | $395K | $438K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.539% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,449.9 | +0.020% | $49.8M | $175.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450 | +0.027% | $218.1M | $782.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.9 | +0.018% | $101.9M | $55.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.3 | +0.046% | $161.3M | $272.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,449.9 | +0.020% | — | $96.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | +0.466% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.5 | +0.270% | $566K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.8 | +0.291% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,453.1 | +0.236% | $409K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.3 | +0.184% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.6 | −0.002% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450 | +0.025% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451 | +0.097% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.417% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450.2 | +0.041% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,450.8 | +0.081% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.1 | +0.034% | $3.8M | $5.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.7 | +0.074% | $2.4M | $3.8M | 15x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.8 | +0.014% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.2 | −0.028% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,450.1 | +0.035% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0197% | 1h | 1,449.6 | −0.005% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,451.6 | +0.138% | $19.0M | $46.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0255% | 1h | 1,449.9 | +0.019% | $608K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,452.3 | +0.184% | $722K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,451.9 | +0.159% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,450.6 | +0.068% | $831K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,451.3 | +0.112% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0687% | 1h | 1,454.7 | +0.349% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
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-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Backpack ZEC_USDC_PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD