Funding you earn now, next payment 09:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.056%
Price spread now: Bullet against Kraken Futures−0.041%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 4 days (all we have)+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)−0.243%−$24 · spread now −0.041%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,514.8 | 0.0019 | pay 0.0002% / 1h | 52m 40s | $18.3M | $47.8M | 25x |
| Short | Bullet ZEC-USD | 1,514.2 | 0.0100 | get 0.0013% / 1h | 52m 40s | $169K | $194K | 20x |
Kraken Futures PF_ZECUSD
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- $17.08
- Price spread: −0.041% → −0.040%
- −$0.09
- Slippage, 4 orders
- −$11.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$12.57
- Costs to cover
- 0.296%
- Break-even
- 12.2 days
Slippage from Kraken Futures: live order book, 1 min ago; Bullet: live order book, 46 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, 1 min ago | 3.17 bp | 9.8 bp −$10 | 14.7 bp −$147 | 23.4 bp −$2,339 | 176.6 bp −$88.3K |
| Sell Bullet live order book, 46 min ago | 0.40 bp | 5.7 bp −$6 | 10.6 bp −$106 | 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 | −0.3702% | 1h | 1,494.3 | −1.355% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | +0.028% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,512.8 | −0.136% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0163% | 8h | 1,517.2 | +0.153% | $31.8M | $77.1M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0123% | 1h | 1,513.8 | −0.068% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,516.6 | +0.118% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.4 | +0.101% | $421K | $34K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,517.9 | +0.199% | $8K | $6K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,514.6 | −0.019% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,516 | +0.074% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSDlong | +0.0019% | 1h | 1,514.8 | long leg | $18.3M | $47.8M | 25x | |
| Gate ZEC_USDT | +0.0069% | 8h | 1,517.7 | +0.187% | $60.1M | $183.2M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,514.7 | −0.013% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,514 | −0.057% | $306K | $860K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,518.2 | +0.219% | $19.6M | $44.4M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,518.6 | +0.250% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,517.6 | +0.183% | $173K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,517.2 | +0.156% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,517 | +0.143% | $16K | $901K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,514.5 | −0.026% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,517.5 | +0.175% | $793.8M | $446.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,516.8 | +0.126% | $14.2M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,517.8 | +0.196% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,517.8 | +0.193% | $717.0M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,517.3 | +0.163% | $273.7M | $631.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,517.8 | +0.193% | $183.4M | $1.39B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,509.5 | −0.353% | $413K | $553K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,513.9 | −0.064% | $597K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,517.8 | +0.194% | $415.5M | $826.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,517.5 | +0.172% | $103.6M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,517.9 | +0.200% | $163.9M | $294.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,516.1 | +0.081% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,509.2 | −0.373% | $49.7M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,512.9 | −0.128% | $580K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,519.6 | +0.315% | $3.1M | $519K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,517.6 | +0.179% | $417K | $950K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,518.7 | +0.256% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,514.6 | −0.016% | $376K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,514.2 | −0.041% | $169K | $194K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,512.3 | −0.167% | $452K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,516.5 | +0.107% | $4K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,514.2 | −0.040% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,514 | −0.053% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,517 | +0.140% | $4.1M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,517.5 | +0.172% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,514.1 | −0.051% | $43K | $150K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0134% | 1h | 1,515.1 | +0.018% | $692K | $1.4M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0153% / S −0.0154% | 1h | 1,513.9 | −0.060% | $336K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,517.7 | +0.187% | $967K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,515.1 | +0.018% | $3.7M | $9.9M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0468% | 1h | 1,516.7 | +0.119% | $2.4M | $3.8M | 15x | as long as short |
Gate ZEC_USDT
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP