Funding you earn now, next payment 09:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h +0.033%
Price spread now: gTrade (Gains Network) against Kraken Futures−0.021%7-day average −0.023% · 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−$289as in the Price arb table
costs, in and out, $10k−$2892.888% of the position
Funding, last 4 days (all we have)−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.556%−$56 · spread now −0.021%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: $0 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 | 1,497.6 | 0.0019 | pay 0.0002% / 1h | 2m 16s | $18.3M | $47.3M | 25x |
| Short | gTrade (Gains Network) ZEC/USD | 1,497.3 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 2m 16s | $5.3M | — | 150x |
Kraken Futures PF_ZECUSD
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$2.65
- Price spread: −0.021% → −0.023%
- $0.17
- Slippage, 4 orders
- −$268.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$291.23
- Costs to cover
- 2.888%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 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, 2 min ago | 2.10 bp | 10.0 bp −$10 | 17.1 bp −$171 | 54.6 bp −$5,465 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.05 bp | 135.0 bp −$135 | 584.7 bp −$5,847 | doesn't fit | doesn't fit |
ZEC on 50 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 | 1,478.9 | −1.249% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,495.5 | −0.140% | $61K | $307K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0244% | 1h | 1,499.3 | +0.112% | $46K | $60K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,497.7 | +0.007% | $31.6M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,497 | −0.043% | $6K | $1K | 10x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,497.7 | +0.002% | $1.5M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,497.3 | −0.021% | $5.3M | — | 150x | |
| Kraken Futures PF_ZECUSDlong | +0.0019% | 1h | 1,497.6 | long leg | $18.3M | $47.3M | 25x | |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,496.3 | −0.092% | $8K | $6K | 5x | as long as short |
| dYdX ZEC-USD | +0.0066% | 1h | 1,497.4 | −0.014% | $413K | $34K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kalshi KXZECPERP
01 Exchange ZECUSD
dYdX ZEC-USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0082% | 1h | 1,497.9 | +0.015% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,496.8 | −0.059% | $302K | $860K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,498.3 | +0.042% | $19.5M | $46.2M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,498.4 | +0.051% | $2.1M | $7.7M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,497.7 | +0.003% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,497.4 | −0.016% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,497.2 | −0.030% | $15K | $885K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,497.1 | −0.038% | $3.1M | $7.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,498.2 | +0.038% | $785.3M | $445.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,496.9 | −0.046% | $14.0M | $29.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,497.5 | −0.006% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,497.7 | +0.002% | $706.6M | $2.28B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,496.9 | −0.050% | $272.4M | $606.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,497.2 | −0.027% | $186.0M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,496.9 | −0.049% | $407K | $530K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,497.9 | +0.016% | $607K | $8.7M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,501.6 | +0.262% | $772K | $147K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,497.1 | −0.037% | $60.4M | $189.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,497.7 | +0.001% | $406.3M | $847.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,496.8 | −0.056% | $102.5M | $55.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,496.9 | −0.051% | $163.0M | $290.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,496.9 | −0.047% | — | $119.9M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,498 | +0.022% | $2.3M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,499.4 | +0.119% | $49.5M | $35.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.6 | +0.134% | $548K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,499.1 | +0.095% | $3.1M | $561K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,499 | +0.094% | $412K | $955K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,497.7 | +0.006% | $50K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,497.4 | −0.015% | $371K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,497.1 | −0.034% | $167K | $190K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,499.5 | +0.123% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,497.1 | −0.034% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,497.5 | −0.012% | $2.7M | $20.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,497.3 | −0.021% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,496.8 | −0.057% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,497.1 | −0.038% | $43K | $157K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,497.1 | −0.035% | $987K | $1.2M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0167% / S −0.0166% | 1h | 1,497.5 | −0.010% | $340K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0226% | 1h | 1,497.7 | +0.004% | $685K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,499.2 | +0.105% | $3.9M | $9.8M | 50x | as long as short |
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX