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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 20:00 UTC+0.3755%/8hpaid last 24h +0.289%
Price spread now: BingX against Injective+0.814%87s7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$496.9Kas in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$497.1K4971.244% of the position
Long on InjectiveShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+1.927%+$193 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$113 a day on $10k at the current rate, and BingX is 0.814% dearer against Injective than usual: you sell high and buy low: +$81 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 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 7 days it paid 1.927% in total (about 100.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ZEC/USDC PERP1,460.2−0.3655get 0.0457% / 1h6m 02s$34K$159K12x
ShortBingX ZEC-USDT1,472.10.0100get 0.0100% / 8h4h 06m—$115.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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

Funding earned
$788.55
Price spread: +0.814% → 0.000%
$81.43
Slippage, 4 orders
−$497,114.35
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BingX: 5 bp × 2 orders
−$10
Net
−$496,254.4
Costs to cover
4971.244%
Break-even
4412.3 days
Slippage from Injective: live order book, 2 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 2 min ago52.25 bp490575.5 bp −$490.6K4962869.5 bp −$49.63M49393492.0 bp −$4939.35M246132512.0 bp −$123066.26M
Sell BingX live order book, 7 min ago0.24 bp5.2 bp −$55.2 bp −$526.6 bp −$66225.3 bp −$12.7K

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERPlong−0.3655%1h1,460.2long leg$34K$159K12x
Kraken Futures PF_ZECUSD−0.0434%1h1,473.1+0.886%$18.0M$46.1M25xas long as short
ApeX Omni ZECUSDT−0.0326%1h1,470+0.674%$958K$431K50xas long as short
Variational Omni ZEC−0.0146%8h1,470.7+0.720%$48.1M$31.1M—as long as short
Bybit ZECUSDT−0.0141%8h1,472.4+0.836%$275.6M$718.8M75xas long as short
BloFin ZEC-USDT−0.0086%8h1,472.1+0.818%$30.1M$78.9M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,472.8+0.864%$6K$2K10xas long as short
Ondo Perps ZEC-USD.P−0.0069%1h1,473.3+0.897%$399K$572K5xas long as short
Orderly PERP_ZEC_USDC−0.0014%8h1,473.7+0.927%$285K$1.7M20xas long as short
01 Exchange ZECUSD−0.0008%1h1,473.6+0.920%$9K$10K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZEC-USDT-SWAP−0.0004%8h1,472.2+0.824%$177.1M$1.45B50xas long as short
dYdX ZEC-USD0.0000%1h1,473.8+0.929%$415K$107K5xas long as short
Kalshi KXZECPERP0.0000%8h1,473.4+0.905%$979K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,472.8+0.861%$80K$436K10xas long as short
Aster ZECUSDT0.0000%8h1,473.1+0.882%$15.1M$36.1M75xas long as short
Gate ZEC_USDT+0.0005%8h1,473.2+0.887%$51.1M$196.9M75xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,473.8+0.930%$5.2M—150xas long as short
Phoenix ZEC+0.0012%1h1,472.4+0.833%$4.7M$1.7M10xas long as short
MEXC ZEC_USDT+0.0033%8h1,472.1+0.816%$226.8M$979.3M150xas long as short
Binance ZECUSDT+0.0035%8h1,471.8+0.797%$674.1M$2.67B75xas long as short
Polymarket Perps ZEC-USD+0.0069%1h1,472.8+0.863%$322K$2.5M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0071% / S +0.0044%1h1,473.6+0.917%$577K—100xas long as short
Aevo ZEC-PERP+0.0088%1h1,473.4+0.905%$37K$362K20xas long as short
Katana Perps ZEC-USD+0.0091%8h1,473.1+0.883%$12K$889K10xas long as short
Popdex ZECUSDT+0.0096%1h1,473+0.877%$176K$2.1M50xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,472.8+0.861%$61K$37K10xas long as short
RISEx ZEC/USDC+0.0100%1h1,473.5+0.913%$853K$2.6M10xas long as short
Nado ZEC-PERP+0.0100%1h1,473+0.876%$3.1M$7.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,473.6+0.918%$768.7M$558.9M10xas long as short
Pacifica ZEC+0.0100%1h1,473.2+0.888%$1.6M$3.3M10xas long as short
Arcus ZEC-USD+0.0100%1h1,474.8+1.000%$731K$7.4M10xas long as short
Bulk ZEC-USD+0.0100%1h1,476.1+1.088%$909K$21K10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.7+0.855%$103.6M$62.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472.2+0.825%$170.6M$331.9M75xas long as short
BingX ZEC-USDTshort+0.0100%8h1,472.1+0.814%—$115.9M—
Backpack ZEC_USDC_PERP+0.0100%1h1,473.9+0.939%$2.4M$3.8M15xas long as short
edgeX ZECUSDC+0.0100%4h1,473.3+0.900%$494K$10.4M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,472.2+0.819%$3.0M$510K10xas long as short
StandX ZEC-USD+0.0100%1h1,473.9+0.941%$110K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,473.3+0.899%$128K$162K20xas long as short
Derive ZEC-PERP+0.0100%1h1,472.1+0.814%$448K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,476.5+1.116%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,473+0.874%$224K$5.1M10xas long as short
HTX ZEC-USDT+0.0100%8h1,473+0.878%$2.4M$28.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,473.1+0.882%$3.8M$6.0M50xas long as short
Extended ZEC-USD+0.0104%1h1,472.6+0.846%$3.2M$4.6M10xas long as short
Lighter ZEC+0.0112%1h1,474.6+0.984%$19.5M$59.4M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0150%1h1,474.4+0.969%$577K$1.3M25xas long as short
Lighter RH ZEC+0.0224%1h1,474.8+1.003%$1.8M$7.7M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0384%1h1,475.4+1.038%$3.8M$12.5M50xas long as short
Aftermath Perps ZECUSD+0.0512%1h1,474.1+0.949%$39K$33K10xas long as short