Funding you earn now, next payment 07:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h −0.022%
Price spread now: Kraken Futures against Bybit−0.077%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)+0.314%+$31 · spread now −0.077%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.121% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,476.4 | 0.0100 | pay 0.0100% / 8h | 1h 34m | $265.3M | $631.9M | 75x |
| Short | Kraken Futures PF_ZECUSD | 1,475.2 | −0.0097 | pay 0.0012% / 1h | 34m 52s | $17.9M | $47.1M | 25x |
Bybit ZECUSDT
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$41.45
- Price spread: −0.077% → +0.045%
- −$12.13
- Slippage, 4 orders
- −$13.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$87.77
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Bybit live order book, 4 min ago | 0.03 bp | 7.7 bp −$8 | 9.4 bp −$94 | 18.0 bp −$1,799 | 39.1 bp −$19.6K |
| Sell Kraken Futures live order book, 4 min ago | 3.11 bp | 10.1 bp −$10 | 13.5 bp −$135 | 23.5 bp −$2,348 | 109.1 bp −$54.5K |
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 | −0.3684% | 1h | 1,477.1 | +0.049% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0121% | 8h | 1,477 | +0.045% | $30.6M | $73.7M | 75x | as long as short |
| Bulk ZEC-USD | −0.0118% | 1h | 1,480.8 | +0.301% | $895K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0097% | 1h | 1,475.2 | −0.077% | $17.9M | $47.1M | 25x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,475.4 | −0.066% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475 | −0.091% | $410K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.4 | −0.066% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,473.8 | −0.175% | $64K | $301K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.7 | −0.112% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0076% | 8h | 1,475.3 | −0.072% | $297K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,474.6 | −0.119% | $162K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,474.4 | −0.133% | $13K | $866K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.5 | −0.128% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,476.2 | −0.014% | $13.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.1 | −0.088% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,476.8 | +0.027% | $688.3M | $2.30B | 75x | as long as short |
| Bybit ZECUSDTlong | +0.0100% | 8h | 1,476.4 | long leg | $265.3M | $631.9M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,476.2 | −0.012% | $178.8M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,472.5 | −0.263% | $403K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,476.4 | +0.001% | $54.1M | $182.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,476.6 | +0.015% | $234.7M | $782.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,476.7 | +0.021% | $101.0M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,476.8 | +0.026% | $158.9M | $288.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,475.9 | −0.031% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,477.1 | +0.049% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,474.2 | −0.151% | $48.1M | $34.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.3 | −0.007% | $564K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476.1 | −0.021% | $3.0M | $488K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.1 | −0.022% | $406K | $935K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.7 | +0.020% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474 | −0.161% | $356K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,475.2 | −0.082% | $162K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.4 | −0.202% | $450K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.7 | +0.019% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,475.3 | −0.073% | $251K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.5 | −0.198% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,476.5 | +0.007% | $3.9M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475 | −0.091% | $61K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,476.5 | +0.007% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,475.1 | −0.088% | $42K | $152K | 20x | as long as short |
| Aftermath Perps ZECUSD | +0.0124% | 1h | 1,478.5 | +0.147% | $47K | $64K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0128% / S −0.0121% | 1h | 1,476.3 | −0.004% | $428K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,475.2 | −0.080% | $923K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,478.6 | +0.152% | $4.7M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,475.1 | −0.087% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0145% | 1h | 1,475.9 | −0.030% | $674K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,476.9 | +0.037% | $640K | $8.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0232% | 1h | 1,478.1 | +0.117% | $767.5M | $441.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0248% | 1h | 1,477 | +0.040% | $2.1M | $7.4M | 10x | as long as short |
| Lighter ZEC | +0.0288% | 1h | 1,477.4 | +0.066% | $19.4M | $45.7M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,477 | +0.041% | $3.6M | $10.0M | 50x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance 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
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
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
Aftermath Perps ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Phoenix ZEC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Hyperliquid ZEC
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX