Funding you earn now, next payment 05:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h −0.041%
Price spread now: Kraken Futures against Bulk−0.052%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.704%+$70 · spread now −0.052%, 7d avg +0.059%
=Funding pays, the price is against you. Kraken Futures is 0.111% cheaper against Bulk than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.059%). If the spread goes back, that is −$11 on $10k: about 38 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 4 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.052% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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 | Bulk ZEC-USD | 1,457.5 | 0.0100 | pay 0.0013% / 1h | 58m 30s | $880K | $18K | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,456.8 | 0.0333 | get 0.0042% / 1h | 58m 30s | $18.0M | $45.2M | 25x |
Bulk ZEC-USD
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bulk. 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
- $48.84
- Price spread: −0.052% → +0.059%
- −$11.11
- Slippage, 4 orders
- −$6.39
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $14.34
- Costs to cover
- 0.234%
- Break-even
- 4.9 days
Slippage from Bulk: live order book, 61 min ago; Kraken Futures: live order book, 6 min ago.
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 Bulk live order book, 61 min ago | 0.03 bp | 3.5 bp −$4 | 3.8 bp −$38 | 4.2 bp −$417 | 6.1 bp −$3,060 |
| Sell Kraken Futures live order book, 6 min ago | 0.03 bp | 7.9 bp −$8 | 14.5 bp −$145 | 20.3 bp −$2,028 | 106.2 bp −$53.1K |
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 PERP | −0.3042% | 1h | 1,459.7 | +0.146% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455.6 | −0.131% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,456.6 | −0.064% | $29.5M | $70.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.6 | −0.132% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,461 | +0.237% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,455.3 | −0.156% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.9 | −0.178% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,454.9 | −0.184% | $291K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0071% / S −0.0023% | 1h | 1,457.4 | −0.011% | $409K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,455.3 | −0.157% | $173K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,455.6 | −0.137% | $10K | $858K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,455.5 | −0.139% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,455.6 | −0.130% | $2.8M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,456.5 | −0.071% | $757.7M | $431.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,455.3 | −0.153% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.6 | −0.136% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,455 | −0.172% | $668.4M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,454.3 | −0.224% | $261.1M | $602.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,454.9 | −0.183% | $177.9M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458 | +0.032% | $396K | $442K | 5x | as long as short |
| Bulk ZEC-USDlong | +0.0100% | 1h | 1,457.5 | long leg | $880K | $18K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,454.9 | −0.185% | $50.5M | $169.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,455.3 | −0.156% | $213.8M | $763.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.3 | −0.152% | $102.6M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,455.5 | −0.139% | $165.5M | $271.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,455.4 | −0.146% | — | $105.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,457.6 | +0.005% | $47.8M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.9 | +0.028% | $567K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.1 | +0.108% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,459.1 | +0.106% | $405K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458.3 | +0.054% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.9 | −0.181% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.2 | −0.163% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.1 | −0.097% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460.4 | +0.197% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,456.9 | −0.045% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457 | −0.037% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.1 | −0.027% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.3 | −0.154% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.2 | −0.024% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,455.4 | −0.147% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,458.7 | +0.078% | $4.6M | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0187% | 1h | 1,457.9 | +0.024% | $615K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0200% | 1h | 1,456.6 | −0.064% | $2.1M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,455.3 | −0.154% | $921K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,456.7 | −0.057% | $19.2M | $44.6M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0234% | 1h | 1,456.8 | −0.051% | $2.4M | $3.9M | 15x | as long as short |
| Kraken Futures PF_ZECUSDshort | +0.0333% | 1h | 1,456.8 | −0.052% | $18.0M | $45.2M | 25x | |
| Arcus ZEC-USD | +0.0344% | 1h | 1,457.3 | −0.014% | $681K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,459.7 | +0.145% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0675% | 1h | 1,458 | +0.031% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
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-USDT
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD