Funding you earn now, next payment 00:00 UTC−0.0329%/8h= −36.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.046%
Price spread now: Kraken Futures against Extended−0.028%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days−0.356%−$36 on $10k
+Price spread, last 3 days (all we have)+0.478%+$48 · spread now −0.028%, 7d avg +0.044%
=Together, before fees+0.122%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.072% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEC-USD | 1,472.9 | 0.0104 | pay 0.0013% / 1h | 52m 14s | $3.3M | $6.9M | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,472.5 | −0.0225 | pay 0.0028% / 1h | 52m 14s | $17.9M | $44.6M | 25x |
Extended ZEC-USD
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$69.04
- Price spread: −0.028% → +0.044%
- −$7.2
- Slippage, 4 orders
- −$12.13
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$103.37
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Extended live order book, 2 min ago | 1.18 bp | 3.7 bp −$4 | 6.3 bp −$63 | 139.6 bp −$14.0K | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 0.03 bp | 8.8 bp −$9 | 14.2 bp −$142 | 20.9 bp −$2,089 | 104.9 bp −$52.4K |
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 | −0.3089% | 1h | 1,475.9 | +0.199% | $34K | $275K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0365% | 1h | 1,474 | +0.075% | $432K | $827K | 50x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0334% | 1h | 1,473.5 | +0.039% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0225% | 1h | 1,472.5 | −0.028% | $17.9M | $44.6M | 25x | |
| BloFin ZEC-USDT | −0.0111% | 8h | 1,474.5 | +0.107% | $29.5M | $75.7M | 75x | as long as short |
| Bybit ZECUSDT | −0.0087% | 8h | 1,471.7 | −0.084% | $273.2M | $661.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.2 | +0.084% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0037% | 8h | 1,473.4 | +0.033% | $47.0M | $33.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.7 | +0.055% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.1 | +0.079% | $901K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,473.3 | +0.026% | $84K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,473.4 | +0.031% | $615K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473.3 | +0.026% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,472.6 | −0.023% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,475.6 | +0.182% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,473.1 | +0.014% | $366K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,472.2 | −0.047% | $180.3M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0042% | 8h | 1,472.6 | −0.026% | $50.6M | $184.1M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,473.9 | +0.063% | $8K | $8K | 5x | as long as short |
| SoDEX ZEC-USD | +0.0068% | 1h | 1,472.3 | −0.045% | $226K | $4.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.2 | +0.018% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,474.1 | +0.079% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.8 | +0.059% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.3 | +0.094% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.8 | +0.059% | $764.8M | $473.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.1 | +0.013% | $15.5M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.2 | +0.088% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.032% | $681.3M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,475 | +0.139% | $714K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.1 | −0.123% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.4 | −0.039% | $222.1M | $830.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.6 | −0.023% | $104.1M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.031% | $162.6M | $303.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.3 | −0.041% | — | $102.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | +0.093% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,475.5 | +0.176% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,475.5 | +0.177% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.012% | $347K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.9 | −0.005% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.9 | −0.135% | $448K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.8 | +0.128% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.2 | +0.018% | $2.5M | $23.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.1 | +0.013% | $3.9M | $5.3M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,473.9 | +0.069% | $19.1M | $52.1M | 20x | as long as short |
| Extended ZEC-USDlong | +0.0104% | 1h | 1,472.9 | long leg | $3.3M | $6.9M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.3 | −0.046% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,474.2 | +0.088% | $836K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474.4 | +0.100% | $3.8M | $11.0M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0503% | 1h | 1,473.4 | +0.031% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0504% | 1h | 1,474.8 | +0.125% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0632% | 1h | 1,474.4 | +0.102% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
SoDEX ZEC-USD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Lighter ZEC
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD