Funding you earn now, next payment 08:00 UTC−0.0191%/8h= −21.0% APRpaid last 24h +0.001%
Price spread now: BloFin against Kraken Futures−0.042%57s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.042%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 57 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 -0.025% in total (about -1.3% 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 | 1,505 | 0.0012 | pay 0.0001% / 1h | 39m 27s | $18.1M | $47.1M | 25x |
| Short | BloFin ZEC-USDT | 1,504.4 | −0.0180 | pay 0.0180% / 8h | 39m 27s | $31.0M | $75.8M | 75x |
Kraken Futures PF_ZECUSD
BloFin ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$40.19
- Price spread: −0.042% → −0.030%
- −$1.22
- Slippage, 4 orders
- −$12.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.45
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago | 3.03 bp | 9.9 bp −$10 | 13.6 bp −$136 | 23.0 bp −$2,303 | 167.1 bp −$83.6K |
| Sell BloFin live order book, 5 min ago | 0.23 bp | 7.7 bp −$8 | 8.3 bp −$83 | 8.5 bp −$847 | 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 | −0.3442% | 1h | 1,504.3 | −0.050% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,502.8 | −0.150% | $62K | $304K | 10x | as long as short |
| BloFin ZEC-USDTshort | −0.0180% | 8h | 1,504.4 | −0.042% | $31.0M | $75.8M | 75x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,504.7 | −0.020% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0078% | 1h | 1,502.1 | −0.196% | $48K | $59K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502.6 | −0.163% | $418K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.5 | +0.035% | $1.5M | $4.4M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,505 | 0.000% | $687K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,504.8 | −0.014% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0012% | 1h | 1,505 | long leg | $18.1M | $47.1M | 25x |
Injective ZEC/USDC PERP
Perpl ZEC
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk ZEC-USD | +0.0021% | 1h | 1,505.9 | +0.059% | $910K | $2K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,503.8 | −0.078% | $303K | $1.1M | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0086% | 1h | 1,500.8 | −0.280% | $411K | $563K | 5x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,505.2 | +0.012% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,502.2 | −0.187% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,502.4 | −0.176% | $14K | $878K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,502 | −0.198% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,502.4 | −0.173% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,504 | −0.067% | $785.9M | $444.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,502.4 | −0.175% | $14.1M | $31.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,503.5 | −0.103% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,502.1 | −0.193% | $702.7M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,502.5 | −0.167% | $270.6M | $623.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,502.8 | −0.149% | $183.5M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,503.9 | −0.072% | $56.4M | $183.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,503.9 | −0.073% | $239.3M | $794.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,503.2 | −0.123% | $103.5M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.2 | −0.120% | $162.5M | $289.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,502.5 | −0.169% | — | $118.3M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,503 | −0.136% | $49.1M | $34.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,503.5 | −0.097% | $575K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.6 | +0.040% | $3.1M | $507K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | −0.040% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.081% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,503.1 | −0.127% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,504.7 | −0.019% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,503.3 | −0.115% | $459K | $489K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,506.9 | +0.128% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,504.4 | −0.042% | $254K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,503.4 | −0.110% | $2.7M | $20.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,504.8 | −0.016% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,501.9 | −0.204% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,504.3 | −0.048% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,503.9 | −0.071% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,503.7 | −0.090% | $946K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0128% | 1h | 1,504.7 | −0.018% | $2.1M | $7.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0162% / S −0.0200% | 1h | 1,504.6 | −0.029% | $438K | — | 100x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,504.7 | −0.018% | $19.8M | $45.3M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,504 | −0.064% | $607K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,506.8 | +0.116% | $3.7M | $10.2M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0547% | 1h | 1,506.4 | +0.092% | $2.4M | $3.9M | 15x | as long as short |
Bulk ZEC-USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.P
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
01 Exchange ZECUSD
RISEx ZEC/USDC
Lighter RH ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP