ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.132%

Price spread now: Coinbase International against Kraken Futures+0.195%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.195%, 7d avg +0.095%

Together, before fees+0.232%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.100% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,447.2	0.0279	pay 0.0035% / 1h	46m 34s	$17.9M	$44.9M	25x
Short	Coinbase International ZEC-PERP-INTX	1,450	0.0448	get 0.0056% / 1h	46m 34s	$3.8M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.195%Rate

Funding earned: $35.53
Price spread: +0.195% → +0.095%: $10
Slippage, 4 orders: −$28.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$2.52
Costs to cover: 0.481%
Break-even: 7.5 days

Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: 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, 3 min ago	2.42 bp	11.0 bp −$11	16.0 bp −$160	24.5 bp −$2,451	107.9 bp −$54.0K
Sell Coinbase International live order book, 2 min ago	1.76 bp	14.6 bp −$15	17.5 bp −$175	43.1 bp −$4,307	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	−0.3166%	1h	1,448	+0.053%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,447.5	+0.018%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,447.3	+0.011%	$29.2M	$70.4M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,447	−0.015%	$407K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,447.7	+0.036%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,447.4	+0.016%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,447.7	+0.035%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0058%	8h	1,447.2	+0.001%	$290K	$958K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,448.1	+0.063%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0064% / S −0.0015%	1h	1,448.2	+0.070%	$407K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,447.8	+0.040%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,447.5	+0.020%	$10K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,448.1	+0.063%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,447.8	+0.041%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,448.7	+0.105%	$753.4M	$434.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,447.3	+0.010%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,448	+0.056%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,447.7	+0.038%	$664.0M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,447.2	+0.003%	$260.9M	$602.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,448	+0.053%	$176.9M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,445.7	−0.103%	$394K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	+0.155%	$876K	$23K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,447.8	+0.042%	$50.0M	$172.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,447.9	+0.046%	$215.2M	$768.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,447.4	+0.015%	$101.9M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,447.8	+0.042%	$164.3M	$273.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,447.9	+0.047%	—	$100.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,448.2	+0.070%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.2	−0.002%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,446.4	−0.052%	$563K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,447.7	+0.036%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,446.8	−0.030%	$402K	$920K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,447.7	+0.035%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,447.3	+0.008%	$364K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,448.2	+0.073%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,446.4	−0.056%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,450.4	+0.220%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,447.3	+0.007%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,446.9	−0.021%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,447	−0.011%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,447.7	+0.037%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,447.1	−0.005%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,448.9	+0.119%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0269%	1h	1,447.9	+0.052%	$608K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0279%	1h	1,447.2	long leg	$17.9M	$44.9M	25x
Lighter ZEC	+0.0344%	1h	1,449	+0.124%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,448.4	+0.084%	$920K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0424%	1h	1,449.8	+0.180%	$2.0M	$6.9M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0448%	1h	1,450	+0.195%	$3.8M	$9.0M	50x
Arcus ZEC-USD	+0.0626%	1h	1,449.8	+0.181%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0670%	1h	1,449.2	+0.141%	$44K	$49K	10x	as long as short