ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0590%/8h= +64.6% APRnext payment +$0.74 per $10,000 · paid last 24h +0.057%

Price spread now: Arcus against Kraken Futures+0.131%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.117%+$12 on $10k

Price spread, last 3 days (all we have)−0.869%−$87 · spread now +0.131%, 7d avg −0.006%

Together, before fees−0.752%−$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Arcus is 0.137% dearer against Kraken Futures than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.006%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.117% in total (about 12.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 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	Kraken Futures PF_ZECUSD	1,457.7	−0.0071	get 0.0009% / 1h	27m 11s	$17.7M	$44.7M	25x
Short	Arcus ZEC-USD	1,459.6	0.0518	get 0.0065% / 1h	27m 11s	$746K	$8.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ArcusbpOrdersPrice spread, now +0.131%Rate

Funding earned: $123.82
Price spread: +0.131% → −0.006%: $13.66
Slippage, 4 orders: −$20.56
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $102.42
Costs to cover: 0.351%
Break-even: 1.2 days

Slippage from Kraken Futures: live order book, 2 min ago; Arcus: 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 Kraken Futures live order book, 2 min ago	3.64 bp	9.5 bp −$9	10.3 bp −$103	16.9 bp −$1,693	200.7 bp −$100.3K
Sell Arcus live order book, 2 min ago	0.00 bp	2.3 bp −$2	4.0 bp −$40	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	−0.3476%	1h	1,433.1	−1.682%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0085%	8h	1,458	+0.023%	$28.8M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.5	+0.055%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0071%	1h	1,457.7	long leg	$17.7M	$44.7M	25x
Variational Omni ZEC	−0.0001%	8h	1,443	−1.003%	$45.4M	$32.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.8	+0.011%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460	+0.163%	$917K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,457.3	−0.023%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,458.4	+0.052%	$593K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.7	+0.004%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0011%	8h	1,458	+0.025%	$268.3M	$675.8M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,457.7	+0.004%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0026% / S +0.0072%	1h	1,457.1	−0.037%	$547K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0058%	8h	1,458.4	+0.048%	$172.9M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,457.4	−0.018%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0078%	8h	1,458.2	+0.037%	$49.4M	$189.9M	75x	as long as short
Aster ZECUSDT	+0.0090%	8h	1,458	+0.025%	$15.4M	$34.6M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,456.7	−0.064%	$13K	$872K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,459.5	+0.129%	$18.8M	$54.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,457.1	−0.038%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.5	+0.057%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.3	−0.025%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.7	+0.072%	$753.9M	$496.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.1	+0.033%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,458.4	+0.050%	$664.8M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,441.6	−1.102%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	−0.868%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458.4	+0.050%	$217.7M	$894.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,458.3	+0.043%	$103.4M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.2	+0.037%	$161.3M	$313.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,457.2	−0.032%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,458.6	+0.067%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,444.1	−0.929%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,445.8	−0.816%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,445.6	−0.825%	$702K	$608K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.1	−0.107%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457	−0.045%	$351K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	−0.044%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.3	−0.092%	$443K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.4	+0.118%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.9	+0.017%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.4	+0.052%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.3	+0.045%	$3.8M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.1	−0.384%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.9	+0.017%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.7	+0.006%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,458	+0.024%	$870K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,459.2	+0.106%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0454%	1h	1,452.1	−0.379%	$39K	$32K	10x	as long as short
Arcus ZEC-USDshort	+0.0518%	1h	1,459.6	+0.131%	$746K	$8.0M	10x
Lighter RH ZEC	+0.0680%	1h	1,460.2	+0.175%	$2.0M	$8.5M	10x	as long as short