Funding you earn now, next payment 01:00 UTC+0.0443%/8h= +48.6% APRpaid last 24h +0.034%
Price spread now: Binance against Kraken Futures+0.015%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.305% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 3 days (all we have)−0.270%−$27 · spread now +0.015%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.053% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% a year). A funding rate is set anew for every payment. 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 | 1,467.2 | −0.0343 | get 0.0043% / 1h | 10m 46s | $17.9M | $43.1M | 25x |
| Short | Binance ZECUSDT | 1,467.4 | 0.0100 | get 0.0100% / 8h | 7h 10m | $682.1M | $2.36B | 75x |
Kraken Futures PF_ZECUSD
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $93.12
- Price spread: +0.015% → −0.038%
- $5.3
- Slippage, 4 orders
- −$10.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $67.95
- Costs to cover
- 0.305%
- Break-even
- 1.9 days
Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 3 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, 3 min ago | 2.21 bp | 10.1 bp −$10 | 13.9 bp −$139 | 24.3 bp −$2,433 | 138.5 bp −$69.2K |
| Sell Binance live order book, 3 min ago | 0.03 bp | 5.1 bp −$5 | 5.5 bp −$55 | 15.8 bp −$1,584 | 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 | −0.3321% | 1h | 1,467.7 | +0.031% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0343% | 1h | 1,467.2 | long leg | $17.9M | $43.1M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0118% | 1h | 1,466.6 | −0.040% | $398K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0116% | 8h | 1,467.7 | +0.032% | $29.7M | $72.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.6 | −0.043% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0021% | 8h | 1,466.4 | −0.056% | $47.6M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.4 | −0.054% | $413K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,466.3 | −0.064% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.3 | +0.005% | $958K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.4 | −0.052% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.2 | −0.003% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0020% | 8h | 1,466.9 | −0.017% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,469.7 | +0.171% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,467.2 | −0.002% | $377K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0062% | 8h | 1,467.1 | −0.004% | $181.3M | $1.29B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.3 | −0.061% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,467 | −0.016% | $12K | $847K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467.3 | +0.005% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.8 | −0.027% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.2 | +0.069% | $762.7M | $454.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.2 | −0.001% | $14.9M | $31.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.6 | +0.029% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,467.4 | +0.015% | $682.1M | $2.36B | 75x | |
| Bybit ZECUSDT | +0.0100% | 8h | 1,467.2 | +0.003% | $273.0M | $629.2M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,468.9 | +0.113% | $699K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,465.9 | −0.089% | $892K | $22K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,467.3 | +0.009% | $50.3M | $181.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.3 | +0.005% | $226.5M | $829.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.4 | +0.016% | $104.0M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.3 | +0.010% | $163.2M | $290.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,466.2 | −0.067% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,466.3 | −0.059% | $570K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.2 | +0.004% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,466.1 | −0.077% | $426K | $881K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467 | −0.016% | $80K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.034% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.8 | −0.024% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.4 | −0.123% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.4 | +0.082% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.2 | 0.000% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467.2 | +0.001% | $2.5M | $19.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.6 | +0.028% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467 | −0.016% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.1 | −0.006% | $54K | $164K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,467.9 | +0.050% | $852K | $1.0M | 10x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,469 | +0.125% | $19.1M | $50.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0395% | 1h | 1,468.1 | +0.064% | $604K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,468.6 | +0.097% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0507% | 1h | 1,468 | +0.053% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0720% | 1h | 1,469.3 | +0.145% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0761% | 1h | 1,467.9 | +0.049% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD