Funding you earn now, next payment 23:00 UTC+0.0404%/8h= +44.3% APRnext payment +$0.51 per $10,000 · paid last 24h +0.002%
Price spread now: dYdX against Kraken Futures−0.168%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1061.062% of the position
Funding, last 7 days+0.402%+$40 on $10k
+Price spread, last 3 days (all we have)−0.276%−$28 · spread now −0.168%, 7d avg −0.037%
=Funding pays, the price is against you. dYdX is 0.131% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.037%). If the spread goes back, that is −$13 on $10k: about 26 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.402% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,466.3 | −0.0404 | get 0.0051% / 1h | 27m 25s | $17.8M | $44.7M | 25x |
| Short | dYdX ZEC-USD | 1,463.9 | 0 | get 0.0000% / 1h | 27m 25s | $412K | $104K | 5x |
Kraken Futures PF_ZECUSD
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $84.9
- Price spread: −0.168% → −0.037%
- −$13.08
- Slippage, 4 orders
- −$86.15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$34.33
- Costs to cover
- 1.062%
- Break-even
- 9.8 days
Slippage from Kraken Futures: live order book, 2 min ago; dYdX: 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 | 1.74 bp | 8.4 bp −$8 | 11.4 bp −$114 | 19.5 bp −$1,948 | 97.7 bp −$48.9K |
| Sell dYdX live order book, 57 min ago | 38.64 bp | 44.1 bp −$44 | 48.4 bp −$484 | 103.4 bp −$10.3K | 412.9 bp −$206.4K |
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 | −0.3310% | 1h | 1,463.6 | −0.187% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0404% | 1h | 1,466.3 | long leg | $17.8M | $44.7M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0213% | 1h | 1,462 | −0.296% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,463.4 | −0.202% | $29.3M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465 | −0.095% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.290% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0054% | 8h | 1,465.4 | −0.062% | $271.8M | $669.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,463 | −0.232% | $46.5M | $33.7M | — | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L −0.0017% / S +0.0093% | 1h | 1,466.1 | −0.016% | $541K | — | 100x | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,463.9 | −0.168% | $412K | $104K | 5x |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463.8 | −0.176% | $885K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.8 | −0.109% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.3 | −0.005% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,466.6 | +0.014% | $292K | $1.4M | 20x | as long as short |
| Gate ZEC_USDT | +0.0051% | 8h | 1,465.6 | −0.048% | $49.8M | $185.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0051% | 8h | 1,466.1 | −0.020% | $176.3M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,465.2 | −0.082% | $8K | $8K | 5x | as long as short |
| ApeX Omni ZECUSDT | +0.0070% | 1h | 1,463.9 | −0.168% | $430K | $821K | 50x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,464.5 | −0.128% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.8 | −0.108% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.1 | −0.087% | $14K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,464.7 | −0.109% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.2 | −0.081% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.1 | −0.017% | $760.1M | $485.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465 | −0.095% | $15.6M | $32.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.2 | −0.081% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.1 | −0.019% | $675.4M | $2.48B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.2 | −0.080% | $222.0M | $863.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.6 | −0.054% | $103.8M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.4 | +0.003% | $162.2M | $305.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,465.9 | −0.028% | — | $103.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.1 | −0.224% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,463.2 | −0.216% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,463.7 | −0.181% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.9 | −0.099% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.036% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.2 | −0.144% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467 | +0.045% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.2 | −0.010% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462.3 | −0.277% | $2.5M | $23.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.5 | −0.125% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.5 | +0.010% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466.6 | +0.018% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0136% | 1h | 1,466.2 | −0.008% | $19.0M | $52.6M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0170% | 1h | 1,467.2 | +0.056% | $597K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0180% | 1h | 1,464.8 | −0.108% | $2.3M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,465.2 | −0.082% | $842K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,466.7 | +0.021% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,467.9 | +0.102% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,465.8 | −0.038% | $730K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0562% | 1h | 1,464.7 | −0.115% | $40K | $34K | 10x | as long as short |
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
ApeX Omni ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD