Funding you earn now, next payment 00:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.017%
Price spread now: GRVT against Kraken Futures+0.204%75s7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days+0.404%+$40 on $10k
+Price spread, last 3 days (all we have)−0.845%−$84 · spread now +0.204%, 7d avg −0.067%
=Together, before fees−0.441%+ Points / potential airdropGRVT: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GRVT is 0.272% dearer against Kraken Futures than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.067%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,471 | −0.0225 | get 0.0028% / 1h | 1m 44s | $17.9M | $44.0M | 25x |
| Short | GRVT ZEC_USDT_Perp | 1,474 | 0.0100 | get 0.0100% / 8h | 1m 44s | $3.0M | $454K | 10x |
Kraken Futures PF_ZECUSD
GRVT ZEC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $68.25
- Price spread: +0.204% → −0.067%
- $27.16
- Slippage, 4 orders
- −$10.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $65.54
- Costs to cover
- 0.299%
- Break-even
- 0.3 days
Slippage from Kraken Futures: live order book, 2 min ago; GRVT: 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, 2 min ago | 1.56 bp | 9.0 bp −$9 | 12.8 bp −$128 | 17.7 bp −$1,773 | 93.3 bp −$46.7K |
| Sell GRVT live order book, 2 min ago | 1.42 bp | 6.1 bp −$6 | 6.6 bp −$66 | 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 | −0.3089% | 1h | 1,475 | +0.276% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0263% | 1h | 1,470 | −0.065% | $399K | $520K | 5x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0225% | 1h | 1,471 | long leg | $17.9M | $44.0M | 25x | |
| Bybit ZECUSDT | −0.0118% | 8h | 1,469.6 | −0.091% | $274.6M | $649.8M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,472.1 | +0.077% | $29.6M | $74.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.1 | +0.012% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0062% | 8h | 1,470.9 | −0.004% | $47.7M | $34.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.9 | −0.001% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.7 | +0.050% | $959K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.4 | −0.040% | $84K | $406K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,470.9 | −0.001% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,470.8 | −0.013% | $8K | $8K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0008% | 1h | 1,471.3 | +0.026% | $614K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,470.4 | −0.036% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.2 | +0.153% | $4.7M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0035% | 1h | 1,472.6 | +0.109% | $432K | $845K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0038% | 8h | 1,469.9 | −0.073% | $181.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0047% | 8h | 1,470.3 | −0.046% | $51.1M | $188.1M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.9 | −0.001% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,471.9 | +0.062% | $19.2M | $52.6M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.6 | −0.025% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471 | +0.001% | $19K | $846K | 10x | as long as short |
| SoDEX ZEC-USD | +0.0098% | 1h | 1,470.8 | −0.013% | $242K | $4.4M | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470 | −0.065% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.2 | +0.017% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.3 | +0.025% | $762.3M | $472.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.9 | −0.070% | $14.9M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.7 | −0.015% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.3 | −0.044% | $682.7M | $2.45B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.9 | +0.064% | $699K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.124% | $896K | $38K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470 | −0.066% | $228.3M | $847.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.5 | −0.034% | $104.4M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.3 | −0.047% | $163.5M | $300.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.9 | −0.072% | — | $101.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.1 | +0.080% | $513K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perpshort | +0.0100% | 8h | 1,474 | +0.204% | $3.0M | $454K | 10x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.2 | +0.221% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.4 | −0.038% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.032% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.9 | −0.140% | $458K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.8 | +0.123% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.3 | −0.045% | $2.5M | $22.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471.5 | +0.038% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.6 | −0.022% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.6 | −0.027% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471 | +0.002% | $837K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0397% | 1h | 1,471.4 | +0.028% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,473 | +0.138% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,472.3 | +0.089% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0772% | 1h | 1,472.9 | +0.135% | $46K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
Phoenix ZEC
ApeX Omni ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
SoDEX ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD