Funding you earn now, next payment 22:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.004%
Price spread now: Bulk against Kraken Futures+0.575%7-day average −0.055% · 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+$32as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 3 days (all we have)+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)−1.226%−$123 · spread now +0.575%, 7d avg −0.055%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.629% dearer against Kraken Futures than usual: you sell high and buy low: +$63 more if the spread goes back to its 7-day average of −0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,444.2 | −0.0072 | get 0.0009% / 1h | 31m 48s | $17.6M | $44.5M | 25x |
| Short | Bulk ZEC-USD | 1,452.5 | 0.0100 | get 0.0013% / 1h | 31m 48s | $895K | $33K | 10x |
Kraken Futures PF_ZECUSD
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $36.1
- Price spread: +0.575% → −0.055%
- $62.91
- Slippage, 4 orders
- −$13.55
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $68.46
- Costs to cover
- 0.306%
- Break-even
- from the start
Slippage from Kraken Futures: live order book, 2 min ago; Bulk: live order book, 57 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 | 5.89 bp | 11.8 bp −$12 | 16.2 bp −$162 | 28.6 bp −$2,864 | 253.0 bp −$126.5K |
| Sell Bulk live order book, 57 min ago | 0.07 bp | 3.6 bp −$4 | 3.9 bp −$39 | 8.6 bp −$858 | 18.5 bp −$9,234 |
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 | 1,438.5 | −0.394% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0096% | 8h | 1,445.3 | +0.077% | $28.7M | $74.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,444.8 | +0.041% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0072% | 1h | 1,444.2 | long leg | $17.6M | $44.5M | 25x | |
| Variational Omni ZEC | −0.0009% | 8h | 1,449.1 | +0.339% | $45.6M | $32.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,445.1 | +0.065% | $407K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,446.2 | +0.136% | $907K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,444.7 | +0.037% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,445.4 | +0.085% | $588K | $1.3M | 25x | as long as short |
| Bybit ZECUSDT | +0.0005% | 8h | 1,443.6 | −0.042% | $265.8M | $675.2M | 75x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Bybit ZECUSDTShow 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 | 1,444.8 | +0.039% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,444.9 | +0.048% | $290K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0028% / S +0.0071% | 1h | 1,444.3 | +0.009% | $543K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0054% | 8h | 1,444 | −0.014% | $171.1M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0072% | 8h | 1,444 | −0.014% | $49.1M | $188.6M | 75x | as long as short |
| Aster ZECUSDT | +0.0074% | 8h | 1,444.3 | +0.007% | $15.2M | $34.6M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,444.7 | +0.034% | $7K | $8K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,444.2 | −0.002% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,445.8 | +0.108% | $18.7M | $54.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,444.6 | +0.028% | $172K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,445.4 | +0.081% | $59K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,444.5 | +0.022% | $2.4M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,444.7 | +0.034% | $746.1M | $494.4M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,444.9 | +0.051% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,444.3 | +0.003% | $658.3M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,442.7 | −0.104% | $394K | $516K | 5x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,452.5 | +0.575% | $895K | $33K | 10x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,444.4 | +0.010% | $213.4M | $891.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,443.9 | −0.024% | $102.4M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,444 | −0.014% | $159.9M | $313.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,444 | −0.011% | — | $102.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,445.4 | +0.080% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,449.9 | +0.392% | $488K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.7 | +0.310% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.4 | +0.499% | $706K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,445.6 | +0.096% | $108K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,444.4 | +0.014% | $347K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,445.1 | +0.063% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,443.3 | −0.060% | $439K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,446.8 | +0.183% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,444.8 | +0.041% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,444.4 | +0.014% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,445 | +0.055% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | +0.563% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,444.5 | +0.019% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,445 | +0.052% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,445.1 | +0.065% | $862K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,446.7 | +0.172% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0447% | 1h | 1,449.1 | +0.342% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,446.8 | +0.181% | $767K | $7.9M | 10x | as long as short |
| Lighter RH ZEC | +0.0688% | 1h | 1,446.7 | +0.172% | $1.9M | $8.5M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Aster ZECUSDT
01 Exchange ZECUSD
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
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