Funding you earn now, next payment 07:00 UTC+0.3784%/8h= +414.4% APRnext payment +$4.73 per $10,000 · paid last 24h +0.725%
Price spread now: SoDEX against Injective−0.470%7-day average −0.069% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.644%+$64 on $10k
+Price spread, last 4 days (all we have)+1.093%+$109 · spread now −0.470%, 7d avg −0.069%
=Funding pays, the price is against you. SoDEX is 0.401% cheaper against Injective than usual: you would sell low and buy high (spread −0.470% now, against its 7-day average of −0.069%). If the spread goes back, that is −$40 on $10k: about 8 hours of funding at the current rate (+$114 a day). At the pace of the last 3 days (+0.644% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.644% in total (about 68.6% 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 | 1,491.6 | −0.3684 | get 0.0461% / 1h | 48m 46s | $34K | $273K | 12x |
| Short | SoDEX ZEC-USD | 1,484.6 | 0.0100 | get 0.0013% / 1h | 48m 46s | $253K | $3.5M | 10x |
Injective ZEC/USDC PERP
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $794.68
- Price spread: −0.470% → −0.069%
- −$40.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $746.55
- Costs to cover
- 0.080%
- Break-even
- 0.4 days
Slippage unknown: Injective: live order book, 60 min ago; SoDEX: live order book, 5 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, 60 min ago | 60.15 bp | 489443.9 bp −$489.4K | 4951866.0 bp −$49.52M | 49286508.0 bp −$4928.65M | 245605760.0 bp −$122802.88M |
| Sell SoDEX live order book, 5 min ago | 0.40 bp | 4.6 bp −$5 | 15.3 bp −$153 | 109.8 bp −$11.0K | 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 PERPlong | −0.3684% | 1h | 1,491.6 | long leg | $34K | $273K | 12x | |
| ApeX Omni ZECUSDT | −0.0140% | 1h | 1,485.7 | −0.393% | $411K | $932K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0118% | 8h | 1,484.5 | −0.477% | $30.7M | $73.8M | 75x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | −0.062% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,484.6 | −0.469% | $18.0M | $46.4M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,485.9 | −0.383% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,485.1 | −0.434% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,486.1 | −0.369% | $1.6M | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,482.2 | −0.626% | $61K | $294K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,484.1 | −0.499% | $706K | $1.4M | 25x | as long as short |
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
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 | 1,484 | −0.510% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0073% | 8h | 1,483.7 | −0.527% | $298K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,484 | −0.507% | $157K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,482.7 | −0.594% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,483.9 | −0.516% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,485.5 | −0.411% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,484.3 | −0.486% | $690.9M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,484 | −0.508% | $269.7M | $627.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,483.8 | −0.524% | $179.8M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,487 | −0.307% | $405K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,484.3 | −0.487% | $54.1M | $180.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,484.2 | −0.494% | $233.2M | $775.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,484.1 | −0.501% | $101.7M | $56.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,483.9 | −0.518% | $160.2M | $287.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,484.2 | −0.494% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,485.5 | −0.411% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,483 | −0.577% | $48.4M | $33.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,488.1 | −0.231% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,485.3 | −0.421% | $3.0M | $488K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,487.8 | −0.251% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,483.7 | −0.528% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,484.1 | −0.503% | $163K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,482.9 | −0.581% | $453K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,486 | −0.371% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,484.6 | −0.470% | $253K | $3.5M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,483.6 | −0.534% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,484.4 | −0.479% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,485.6 | −0.398% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,484.4 | −0.483% | $11K | $862K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,484 | −0.510% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,483.8 | −0.521% | $45K | $149K | 20x | as long as short |
| Hyperliquid ZEC | +0.0118% | 1h | 1,485.2 | −0.428% | $771.2M | $439.9M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,484.1 | −0.502% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0121% / S −0.0107% | 1h | 1,483.9 | −0.515% | $430K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,484.7 | −0.461% | $929K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,490.8 | −0.050% | $4.7M | $1.4M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,486.1 | −0.370% | $620K | $8.6M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0229% | 1h | 1,487.8 | −0.252% | $48K | $63K | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,486.2 | −0.361% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0336% | 1h | 1,486.1 | −0.366% | $19.4M | $45.5M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,484.8 | −0.454% | $3.6M | $9.9M | 50x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Hyperliquid ZEC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Phoenix ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX