Funding you earn now, next payment 22:00 UTC+0.3405%/8h= +372.8% APRnext payment +$4.26 per $10,000 · paid last 24h +0.355%
Price spread now: Kraken Futures against Injective+1.638%63s7-day average −0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.855%+$185 on $10k
+Price spread, last 3 days (all we have)−1.906%−$191 · spread now +1.638%, 7d avg −0.069%
=Both sides work for this trade now. Funding pays +$102 a day on $10k at the current rate, and Kraken Futures is 1.708% dearer against Injective than usual: you sell high and buy low: +$171 more if the spread goes back to its 7-day average of −0.069%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.855% in total (about 96.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.26 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 | Injective ZEC/USDC PERP | 1,433.1 | −0.3476 | get 0.0434% / 1h | 26m 12s | $33K | $275K | 12x |
| Short | Kraken Futures PF_ZECUSD | 1,456.6 | −0.0071 | pay 0.0009% / 1h | 26m 12s | $17.7M | $44.7M | 25x |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $714.95
- Price spread: +1.638% → −0.069%
- $170.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $875.69
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 62 min ago; Kraken Futures: live order book, 3 min ago. Net counts fees only.
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 Injective live order book, 62 min ago | 58.14 bp | 489902.9 bp −$489.9K | 4956187.5 bp −$49.56M | 49327108.0 bp −$4932.71M | 245801776.0 bp −$122900.89M |
| Sell Kraken Futures live order book, 3 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 PERPlong | −0.3476% | 1h | 1,433.1 | long leg | $33K | $275K | 12x | |
| BloFin ZEC-USDT | −0.0085% | 8h | 1,458 | +1.734% | $28.8M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458.5 | +1.767% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0071% | 1h | 1,456.6 | +1.638% | $17.7M | $44.7M | 25x | |
| Variational Omni ZEC | −0.0001% | 8h | 1,443 | +0.691% | $45.4M | $32.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,459.3 | +1.825% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.8 | +1.791% | $917K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,457.5 | +1.700% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,458.2 | +1.746% | $593K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,458.2 | +1.749% | $5.2M | — | 150x | as long as short |
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0011% | 8h | 1,455.4 | +1.555% | $267.9M | $677.1M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,457.5 | +1.699% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0025% / S +0.0071% | 1h | 1,457.9 | +1.724% | $566K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0058% | 8h | 1,456.2 | +1.608% | $173.5M | $1.36B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,457.8 | +1.723% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0080% | 8h | 1,456.1 | +1.602% | $49.3M | $190.1M | 75x | as long as short |
| Aster ZECUSDT | +0.0092% | 8h | 1,458.4 | +1.762% | $15.4M | $34.7M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,457.3 | +1.687% | $13K | $872K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,457.6 | +1.705% | $18.8M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.5 | +1.700% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.4 | +1.694% | $60K | $38K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458.8 | +1.791% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,456.4 | +1.623% | $752.7M | $497.0M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460 | +1.871% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.8 | +1.652% | $664.2M | $2.54B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.6 | +1.777% | $395K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | +0.828% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456 | +1.594% | $216.7M | $895.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.7 | +1.647% | $103.1M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,455.8 | +1.580% | $161.1M | $313.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.3 | +1.617% | — | $102.9M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.4 | +1.621% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,444.1 | +0.766% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,445.8 | +0.881% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.6 | +0.872% | $702K | $608K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.1 | +1.601% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.2 | +1.679% | $349K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.7 | +1.711% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.4 | +1.623% | $443K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.4 | +1.832% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457 | +1.668% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.4 | +1.694% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.4 | +1.693% | $3.8M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.1 | +1.320% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,457.8 | +1.723% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.6 | +1.708% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,458.1 | +1.745% | $870K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,459.8 | +1.861% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0459% | 1h | 1,453.5 | +1.422% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,459.4 | +1.835% | $743K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0672% | 1h | 1,459 | +1.802% | $1.9M | $8.5M | 10x | as long as short |
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
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-USDT
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