Funding you earn now, next payment 06:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.035%
Price spread now: ApeX Omni against Kraken Futures+0.395%7-day average −0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs+$13as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days−0.784%−$78 on $10k
+Price spread, last 4 days (all we have)−1.437%−$144 · spread now +0.395%, 7d avg −0.174%
=The price spread pays, funding is against you. ApeX Omni is 0.569% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.395% now, against its 7-day average of −0.174%): +$57 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days. At the pace of the last 7 days (−0.784% in total) that is about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,506.5 | 0.0143 | pay 0.0018% / 1h | 12m 33s | $18.4M | $45.9M | 25x |
| Short | ApeX Omni ZECUSDT | 1,512.4 | 0.0100 | get 0.0013% / 1h | 12m 33s | $419K | $929K | 50x |
Kraken Futures PF_ZECUSD
ApeX Omni ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$8.97
- Price spread: +0.395% → −0.174%
- $56.95
- Slippage, 4 orders
- −$24.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $3.78
- Costs to cover
- 0.442%
- Break-even
- from the start
Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 36 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 Kraken Futures live order book, 2 min ago | 2.81 bp | 10.0 bp −$10 | 14.1 bp −$141 | 26.2 bp −$2,616 | 125.6 bp −$62.8K |
| Sell ApeX Omni live order book, 36 min ago | 3.95 bp | 14.0 bp −$14 | 37.2 bp −$372 | doesn't fit | doesn't fit |
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 | −0.3243% | 1h | 1,488.7 | −1.183% | $34K | $273K | 12x | as long as short |
| Bulk ZEC-USD | −0.0279% | 1h | 1,512.6 | +0.406% | $914K | $15K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0138% | 8h | 1,507.1 | +0.039% | $30.1M | $74.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,512.8 | +0.416% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,506.2 | −0.019% | $419K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,509.9 | +0.225% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,507.7 | +0.078% | $86K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,507.2 | +0.050% | $714K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,507.3 | +0.053% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0066% | 8h | 1,506.7 | +0.013% | $316K | $1.0M | 20x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,506.5 | +0.001% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,512.3 | +0.385% | $4.8M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.4 | −0.074% | $148K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,506.7 | +0.016% | $2.9M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,508.2 | +0.114% | $788.2M | $435.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,505.1 | −0.089% | $14.6M | $29.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,506.8 | +0.023% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,505.5 | −0.067% | $699.7M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,505 | −0.099% | $276.6M | $619.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,505.3 | −0.078% | $182.8M | $1.30B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,504.3 | −0.145% | $411K | $489K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,506.2 | −0.019% | $54.4M | $180.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,506.4 | −0.007% | $227.0M | $779.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,506.9 | +0.027% | $103.6M | $55.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505.4 | −0.072% | $162.3M | $282.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,504.7 | −0.119% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,519.3 | +0.849% | $49.5M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,512.8 | +0.417% | $578K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,512.5 | +0.400% | $3.1M | $475K | 10x | as long as short |
| ApeX Omni ZECUSDTshort | +0.0100% | 1h | 1,512.4 | +0.395% | $419K | $929K | 50x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,510.9 | +0.295% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,505 | −0.099% | $367K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,507.8 | +0.085% | $166K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,506.1 | −0.026% | $460K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,509.1 | +0.174% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,506.4 | −0.004% | $249K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,505.4 | −0.074% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,507.5 | +0.064% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,507.2 | +0.049% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,505.7 | −0.054% | $14K | $847K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,506.1 | −0.025% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,506.9 | +0.027% | $46K | $150K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0105% / S −0.0077% | 1h | 1,507.1 | +0.041% | $405K | — | 100x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0143% | 1h | 1,506.5 | long leg | $18.4M | $45.9M | 25x | |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,506.1 | −0.023% | $941K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0192% | 1h | 1,508.3 | +0.117% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,508.1 | +0.106% | $19.6M | $45.6M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0434% | 1h | 1,506.2 | −0.019% | $2.3M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,507.8 | +0.084% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,506.3 | −0.014% | $613K | $8.5M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0517% | 1h | 1,504.4 | −0.138% | $51K | $60K | 10x | as long as short |
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD