Funding you earn now, next payment 22:00 UTC+0.3401%/8h= +372.4% APRnext payment +$4.25 per $10,000 · paid last 24h +0.372%
Price spread now: GMX against Injective+1.037%7-day average −0.079% · 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)+0.222%+$22 on $10k
+Price spread, last 3 days (all we have)−1.607%−$161 · spread now +1.037%, 7d avg −0.079%
=Both sides work for this trade now. Funding pays +$102 a day on $10k at the current rate, and GMX is 1.116% dearer against Injective than usual: you sell high and buy low: +$112 more if the spread goes back to its 7-day average of −0.079%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.222% in total (about 26.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.25 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 | 1,446.2 | −0.3476 | get 0.0434% / 1h | 5m 21s | $33K | $275K | 12x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,461.1 | L +0.0014% / S +0.0075% | pay 0.0009% / 1h | 5m 21s | $558K | — | 100x |
Injective ZEC/USDC PERP
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- $714.15
- Price spread: +1.037% → −0.079%
- $111.58
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $813.72
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 19 min ago; GMX: no order-book sample. 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, 19 min ago | 50.93 bp | 489355.9 bp −$489.4K | 4951226.5 bp −$49.51M | 49282456.0 bp −$4928.25M | 245591744.0 bp −$122795.87M |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 PERPlong | −0.3476% | 1h | 1,446.2 | long leg | $33K | $275K | 12x | |
| BloFin ZEC-USDT | −0.0087% | 8h | 1,459.9 | +0.951% | $28.8M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461.5 | +1.063% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,460.6 | +0.999% | $17.7M | $44.7M | 25x | as long as short |
| Bybit ZECUSDT | −0.0030% | 8h | 1,459.8 | +0.945% | $269.5M | $677.6M | 75x | as long as short |
| Variational Omni ZEC | −0.0014% | 8h | 1,458.9 | +0.882% | $45.7M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,460.9 | +1.017% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,461.7 | +1.078% | $936K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.5 | +1.061% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,461.6 | +1.069% | $595K | $1.3M | 25x | as long as short |
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461.5 | +1.058% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0014% / S +0.0075% | 1h | 1,461.1 | +1.037% | $558K | — | 100x | |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,460.8 | +1.012% | $293K | $1.5M | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0018% | 1h | 1,457.9 | +0.813% | $396K | $515K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,461.5 | +1.058% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0057% | 8h | 1,460.7 | +1.006% | $49.5M | $191.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0057% | 8h | 1,460.8 | +1.013% | $174.8M | $1.36B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,461 | +1.027% | $13K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,462.5 | +1.128% | $18.9M | $54.8M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.8 | +1.014% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.7 | +1.008% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,461.7 | +1.072% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.9 | +1.089% | $757.7M | $494.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.9 | +1.021% | $15.4M | $33.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,461.4 | +1.055% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.8 | +1.012% | $668.1M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.8 | +1.013% | $222.1M | $900.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.9 | +1.019% | $103.3M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.9 | +1.021% | $161.6M | $312.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,460.8 | +1.015% | — | $101.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,462.1 | +1.102% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,458.9 | +0.879% | $508K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.2 | +0.904% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,460.1 | +0.967% | $429K | $815K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.9 | +1.017% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.8 | +1.013% | $343K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.8 | +1.012% | $128K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.5 | +0.925% | $446K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.9 | +1.160% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,460.8 | +1.012% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.3 | +1.044% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460.7 | +1.003% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.7 | +0.730% | $897K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,462 | +1.097% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.4 | +1.056% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460.9 | +1.017% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,461.5 | +1.064% | $844K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,463 | +1.162% | $3.7M | $11.7M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0490% | 1h | 1,460.3 | +0.977% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,461.9 | +1.087% | $742K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0568% | 1h | 1,463 | +1.167% | $2.0M | $8.5M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
Bulk ZEC-USD
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC