Funding you earn now, next payment 22:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.027%
Price spread now: Kraken Futures against Deribit−0.051%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.051%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,455.4 | 0 | get 0.0000% / 1h | 22m 50s | $592K | $1.3M | 25x |
| Short | Kraken Futures PF_ZECUSD | 1,454.6 | −0.0071 | pay 0.0009% / 1h | 22m 50s | $17.7M | $44.7M | 25x |
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- −$14.99
- Price spread: −0.051% → −0.034%
- −$1.75
- Slippage, 4 orders
- −$20.76
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$54.49
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 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 Deribit live order book, 1 min ago | 3.47 bp | 8.5 bp −$9 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 3.64 bp | 12.8 bp −$13 | 19.1 bp −$191 | 30.1 bp −$3,013 | 182.1 bp −$91.0K |
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 | −0.3476% | 1h | 1,433.1 | −1.527% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,454.8 | −0.038% | $28.6M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455.8 | +0.027% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0071% | 1h | 1,454.6 | −0.051% | $17.7M | $44.7M | 25x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.1 | −0.021% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.4 | −0.001% | $933K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454.4 | −0.065% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | 0.0000% | 1h | 1,455.4 | long leg | $592K | $1.3M | 25x | |
| Variational Omni ZEC | +0.0005% | 8h | 1,459.3 | +0.268% | $45.7M | $33.1M | — | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.1 | −0.020% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Variational Omni ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0009% | 8h | 1,454.9 | −0.034% | $267.6M | $677.1M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,454.7 | −0.048% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0023% / S +0.0072% | 1h | 1,454.6 | −0.051% | $565K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,454.8 | −0.039% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0059% | 8h | 1,455.1 | −0.016% | $173.0M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0077% | 8h | 1,455 | −0.025% | $49.4M | $190.3M | 75x | as long as short |
| Aster ZECUSDT | +0.0092% | 8h | 1,455.3 | −0.003% | $15.3M | $34.5M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,454.6 | −0.051% | $13K | $871K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,456.7 | +0.089% | $18.8M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.6 | −0.051% | $172K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,455.6 | +0.015% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456 | +0.046% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,456.1 | +0.050% | $752.6M | $493.9M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.8 | +0.030% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,455.3 | −0.002% | $663.6M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.6 | +0.222% | $395K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.712% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,455.1 | −0.018% | $215.7M | $896.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,455.3 | −0.008% | $103.0M | $57.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,455.6 | +0.016% | $161.1M | $313.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,454.2 | −0.080% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,455.8 | +0.031% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.3 | +0.136% | $490K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.6 | +0.292% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.8 | +0.232% | $455K | $800K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.6 | +0.087% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.3 | −0.074% | $346K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.3 | −0.074% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,453.5 | −0.125% | $442K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.8 | +0.098% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.9 | −0.033% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455.2 | −0.012% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,455.2 | −0.014% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,460.3 | +0.341% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.5 | +0.006% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.5 | −0.057% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,455.3 | −0.006% | $868K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,456.5 | +0.080% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0448% | 1h | 1,454.9 | −0.032% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,456.8 | +0.096% | $750K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0648% | 1h | 1,457.7 | +0.159% | $1.9M | $8.5M | 10x | as long as short |
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC