ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.4230%/8h= −463.2% APRnext payment −$5.29 per $10,000 · paid last 24h −0.911%

Price spread now: Injective against Nado−0.584%7-day average −0.006% · you buy dearer than you sell

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

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.855%−$86 on $10k

Price spread, last 4 days (all we have)+1.536%+$154 · spread now −0.584%, 7d avg −0.006%

Together, before fees+0.680%+ Points / potential airdropNado: Active · farm board+$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$127 a day on $10k at the current rate, and Injective is 0.578% cheaper against Nado than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.855% in total (about -86.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.29 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,499.3	0.0100	pay 0.0012% / 1h	51m 23s	$3.1M	$7.1M	10x
Short	Injective ZEC/USDC PERP	1,490.6	−0.4130	pay 0.0516% / 1h	51m 23s	$36K	$267K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee InjectivebpOrdersPrice spread, now −0.584%Rate

Funding earned: −$888.32
Price spread: −0.584% → −0.006%: −$57.82
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$953.16
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 6 min ago; Injective: live order book, 60 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 Nado live order book, 6 min ago	0.20 bp	4.6 bp −$5	8.2 bp −$82	37.0 bp −$3,700	doesn't fit
Sell Injective live order book, 60 min ago	56.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,490.6	−0.584%	$36K	$267K	12x
BloFin ZEC-USDT	−0.0200%	8h	1,504	+0.310%	$31.9M	$72.9M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0178%	1h	1,500.4	+0.072%	$408K	$498K	5x	as long as short
Aftermath Perps ZECUSD	−0.0091%	1h	1,503.1	+0.253%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.285%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,498.8	−0.033%	$413K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.1	+0.255%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502	+0.178%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.282%	$5.4M	—	150x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,499.8	+0.031%	$8K	$6K	5x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	+0.0024%	1h	1,503.4	+0.268%	$411K	$949K	50x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,499.2	−0.010%	$921K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0045%	1h	1,500.3	+0.064%	$683K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.304%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,499.2	−0.007%	$303K	$855K	20x	as long as short
Aster ZECUSDT	+0.0092%	8h	1,499	−0.020%	$14.1M	$27.2M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,499.3	−0.002%	$19.9M	$39.0M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,499.3	−0.003%	$2.0M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,499.5	+0.012%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,498.8	−0.037%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,500	+0.043%	$18.5M	$46.1M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,498.4	−0.063%	$62K	$14K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,499.3	long leg	$3.1M	$7.1M	10x
Hyperliquid ZEC	+0.0100%	1h	1,500.4	+0.072%	$788.2M	$430.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,498.9	−0.029%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,499.6	+0.018%	$706.0M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,499.4	+0.004%	$274.9M	$588.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,499.4	+0.006%	$185.5M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,499.9	+0.041%	$592K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,499.3	−0.003%	$62.5M	$171.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,499.4	+0.004%	$177.7M	$824.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.2	−0.012%	$105.0M	$52.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,499.8	+0.028%	$163.8M	$278.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,498.3	−0.071%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,502.6	+0.217%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,505.7	+0.425%	$49.5M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.4	+0.269%	$549K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503	+0.246%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,502.5	+0.214%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,499.4	+0.005%	$368K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,499.5	+0.011%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,501.7	+0.158%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,499.5	+0.012%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,501.4	+0.138%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,502.5	+0.209%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.413%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,499.5	+0.011%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.8	−0.034%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,502.3	+0.200%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,501.2	+0.128%	$3.9M	$9.5M	50x	as long as short