ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.056%

Price spread now: Kraken Futures against Bullet+0.007%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Bullet Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+1.492%+$149 · spread now +0.007%, 7d avg +0.040%

Together, before fees+1.428%+$143 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.033% cheaper against Bullet than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet ZEC-USD	1,496.6	0.0100	pay 0.0013% / 1h	3m 39s	$167K	$190K	20x
Short	Kraken Futures PF_ZECUSD	1,496.7	0.0019	get 0.0002% / 1h	3m 39s	$18.3M	$47.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bullet. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BulletbpFee Kraken FuturesbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$17.04
Price spread: +0.007% → +0.040%: −$3.3
Slippage, 4 orders: −$15.72
Fee Bullet: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$54.06
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Bullet: live order book, 30 min ago; Kraken Futures: live order book, 5 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 Bullet live order book, 30 min ago	0.56 bp	6.1 bp −$6	12.0 bp −$120	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	3.61 bp	11.2 bp −$11	16.1 bp −$161	27.8 bp −$2,783	150.1 bp −$75.1K

ZEC on 50 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	−0.3702%	1h	1,491.4	−0.347%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,495.4	−0.074%	$61K	$307K	10x	as long as short
Aftermath Perps ZECUSD	−0.0254%	1h	1,500.4	+0.256%	$46K	$60K	10x	as long as short
BloFin ZEC-USDT	−0.0155%	8h	1,499	+0.166%	$31.5M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,498.6	+0.137%	$6K	$1K	10x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.1	+0.103%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,496.7	+0.009%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0019%	1h	1,496.7	+0.007%	$18.3M	$47.3M	25x
01 Exchange ZECUSD	+0.0032%	1h	1,496.5	−0.001%	$8K	$6K	5x	as long as short
dYdX ZEC-USD	+0.0067%	1h	1,496	−0.034%	$413K	$34K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,503	+0.429%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,496.3	−0.017%	$302K	$860K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,498	+0.099%	$19.6M	$46.0M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,498.5	+0.133%	$2.1M	$7.7M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496.4	−0.009%	$176K	$1.8M	50x	as long as short
Gate ZEC_USDT	+0.0098%	8h	1,496.9	+0.021%	$60.3M	$189.7M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,497	+0.030%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,497.2	+0.040%	$13K	$893K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,497.6	+0.067%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,498.3	+0.117%	$785.3M	$445.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,496.4	−0.010%	$14.0M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497.3	+0.047%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,497.1	+0.038%	$706.3M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496.2	−0.026%	$272.2M	$606.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.7	+0.011%	$185.7M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,496.9	+0.023%	$407K	$530K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,498.1	+0.106%	$607K	$8.7M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,501.6	+0.334%	$772K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,497.1	+0.037%	$405.4M	$847.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,496.9	+0.025%	$102.5M	$55.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,497.1	+0.035%	$163.1M	$290.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,496	−0.037%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,497.2	+0.041%	$2.3M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.4	+0.192%	$49.5M	$35.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,497.3	+0.047%	$547K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,500.7	+0.280%	$3.1M	$561K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,498.6	+0.136%	$411K	$954K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,500.5	+0.267%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.2	−0.023%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USDlong	+0.0100%	1h	1,496.6	long leg	$167K	$190K	20x
SunX ZEC-USDT	+0.0100%	8h	1,498.8	+0.148%	$2K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496.4	−0.011%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497	+0.030%	$2.7M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497.5	+0.063%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.8	+0.016%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.5	−0.005%	$43K	$157K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,497.1	+0.037%	$987K	$1.2M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0166% / S −0.0165%	1h	1,496.3	−0.013%	$340K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0189%	1h	1,497.2	+0.043%	$685K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,498.9	+0.156%	$3.9M	$9.8M	50x	as long as short