ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.3782%/8h= +414.2% APRnext payment +$4.73 per $10,000 · paid last 24h +0.555%

Price spread now: Extended against Injective+1.083%60s7-day average −0.098% · you sell dearer than you buy

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

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+2.367%+$237 on $10k

Price spread, last 3 days (all we have)−1.234%−$123 · spread now +1.083%, 7d avg −0.098%

Together, before fees+1.133%+ Points / potential airdropExtended: Active · farm board+$113 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$113 a day on $10k at the current rate, and Extended is 1.181% dearer against Injective than usual: you sell high and buy low: +$118 more if the spread goes back to its 7-day average of −0.098%. The two prices were read 60 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 2.367% in total (about 123.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.73 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	Injective ZEC/USDC PERP	1,452	−0.3678	get 0.0460% / 1h	2m 08s	$33K	$274K	12x
Short	Extended ZEC-USD	1,467.7	0.0104	get 0.0013% / 1h	2m 08s	$2.8M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee InjectivebpFee ExtendedbpOrdersPrice spread, now +1.083%Rate

Funding earned: $794.28
Price spread: +1.083% → −0.098%: $118.08
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $907.34
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Injective: live order book, 2 min ago; Extended: live order book, 2 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 Injective live order book, 2 min ago	66.26 bp	492686.8 bp −$492.7K	4983844.0 bp −$49.84M	49601864.0 bp −$4960.19M	247170688.0 bp −$123585.34M
Sell Extended live order book, 2 min ago	1.34 bp	5.9 bp −$6	18.9 bp −$189	60.5 bp −$6,047	doesn't fit

ZEC on 50 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 PERPlong	−0.3678%	1h	1,452	long leg	$33K	$274K	12x
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.6	+1.276%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0039%	1h	1,464.8	+0.880%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,467.8	+1.089%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.4	+1.127%	$413K	$49K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.4	+1.128%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467	+1.032%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.6	+1.074%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,467.6	+1.075%	$293K	$984K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,467.5	+1.068%	$383K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,467.3	+1.052%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	+1.005%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0072%	8h	1,466.6	+1.006%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,467.5	+1.066%	$180.9M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.1	+1.038%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.8	+1.015%	$17K	$844K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.4	+1.056%	$60K	$41K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.5	+1.068%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.6	+1.142%	$764.9M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.7	+1.080%	$14.8M	$29.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468	+1.097%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.8	+1.083%	$678.3M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467.5	+1.067%	$271.3M	$606.9M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	+1.003%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,467.6	+1.073%	$50.2M	$177.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.8	+1.083%	$216.7M	$803.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.8	+1.083%	$103.2M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.6	+1.073%	$163.0M	$276.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.7	+1.078%	—	$98.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	+0.963%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.2	+1.114%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	+0.983%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.1	+1.242%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467	+1.032%	$343K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.5	+1.065%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.3	+0.983%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470	+1.237%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.7	+1.078%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,467	+1.032%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468.2	+1.114%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USDshort	+0.0104%	1h	1,467.7	+1.083%	$2.8M	$7.6M	10x
Aevo ZEC-PERP	+0.0104%	1h	1,467.3	+1.052%	$48K	$155K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0160%	1h	1,468.4	+1.128%	$611K	$1.3M	25x	as long as short
Lighter ZEC	+0.0224%	1h	1,469.2	+1.187%	$19.2M	$48.3M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,469.3	+1.193%	$692K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,469.6	+1.212%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,468	+1.098%	$851K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0415%	1h	1,467.9	+1.092%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,469.3	+1.192%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0733%	1h	1,468.8	+1.159%	$43K	$46K	10x	as long as short