ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.3501%/8h= −383.3% APRnext payment −$4.38 per $10,000 · paid last 24h −0.980%

Price spread now: Injective against RISEx−1.017%7-day average −0.034% · you buy dearer than you sell

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

Long on RISEx Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.159%−$116 on $10k

Price spread, last 4 days (all we have)+0.615%+$62 · spread now −1.017%, 7d avg −0.034%

Together, before fees−0.544%−$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$105 a day on $10k at the current rate, and Injective is 0.983% cheaper against RISEx than usual: you would sell low and buy high (−$98 if the spread goes back to its 7-day average of −0.034%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -1.159% in total (about -108.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.38 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	RISEx ZEC/USDC	1,510.3	0.0083	pay 0.0010% / 1h	24m 48s	$910K	$1.3M	10x
Short	Injective ZEC/USDC PERP	1,494.9	−0.3418	pay 0.0427% / 1h	24m 48s	$36K	$267K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against RISEx. 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 RISExbpFee InjectivebpOrdersPrice spread, now −1.017%Rate

Funding earned: −$735.16
Price spread: −1.017% → −0.034%: −$98.28
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$839.46
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 2 min ago; Injective: live order book, 17 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 RISEx live order book, 2 min ago	1.36 bp	4.4 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit
Sell Injective live order book, 17 min ago	69.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ZEC on 51 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	−0.3418%	1h	1,494.9	−1.017%	$36K	$267K	12x
Perpl ZEC	−0.0447%	43m	1,509.7	−0.041%	$63K	$294K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,512	+0.111%	$32.3M	$72.7M	75x	as long as short
Aftermath Perps ZECUSD	−0.0198%	1h	1,509.6	−0.042%	$47K	$78K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0082%	1h	1,507.6	−0.177%	$409K	$495K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.7	−0.437%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,511.6	+0.087%	$416K	$30K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,511.3	+0.066%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,511.7	+0.096%	$5.4M	—	150x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,511	+0.045%	$8K	$6K	5x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0054%	8h	1,511.8	+0.100%	$305K	$651K	20x	as long as short
Phoenix ZEC	+0.0064%	1h	1,508.8	−0.098%	$4.8M	$1.3M	10x	as long as short
RISEx ZEC/USDClong	+0.0083%	1h	1,510.3	long leg	$910K	$1.3M	10x
Lighter ZEC	+0.0096%	1h	1,512.9	+0.172%	$19.8M	$38.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,513.1	+0.189%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,510.6	+0.021%	$174K	$1.3M	50x	as long as short
Aster ZECUSDT	+0.0097%	8h	1,511.5	+0.080%	$14.5M	$24.9M	75x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,509.1	−0.077%	$20K	$868K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,510.5	+0.013%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,510.5	+0.016%	$3.1M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,512.7	+0.160%	$798.8M	$400.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,511.9	+0.110%	$1.5M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,511.8	+0.103%	$707.7M	$2.12B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,511.8	+0.100%	$281.3M	$578.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,511.5	+0.083%	$186.9M	$1.25B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,510.8	+0.038%	$594K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,513.8	+0.234%	$783K	$136K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,511.5	+0.081%	$65.8M	$166.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,511.9	+0.104%	$183.9M	$813.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,511.8	+0.103%	$106.6M	$51.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,511.4	+0.072%	$164.4M	$269.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,511.7	+0.093%	—	$123.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,512.6	+0.154%	$2.2M	$3.6M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,509.2	−0.070%	$49.9M	$32.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,507.7	−0.171%	$551K	$8.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,508.3	−0.134%	$3.1M	$682K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,508.9	−0.094%	$411K	$962K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,508.7	−0.108%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,511.1	+0.054%	$395K	$1.4M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,511.3	+0.069%	$166K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,511.3	+0.070%	$394K	$494K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,512.6	+0.155%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,512.2	+0.125%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,506.5	−0.252%	$2.8M	$20.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,512.1	+0.120%	$4.1M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,511.3	+0.068%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,511.7	+0.095%	$37K	$161K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0176%	1h	1,512.8	+0.168%	$18.7M	$45.2M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0212% / S −0.0235%	1h	1,511.4	+0.075%	$351K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0392%	1h	1,512.3	+0.135%	$4.0M	$9.3M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0416%	1h	1,513.1	+0.186%	$699K	$1.3M	25x	as long as short