Funding you earn now, next payment 07:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.058%
Price spread now: HTX against Kraken Futures+0.100%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.100%, 7d avg −0.059%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.159% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.059%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,494.7 | −0.0096 | get 0.0012% / 1h | 3m 00s | $18.1M | $46.6M | 25x |
| Short | HTX ZEC-USDT | 1,496.2 | 0.0100 | get 0.0100% / 8h | 1h 03m | $2.7M | $20.3M | 75x |
Kraken Futures PF_ZECUSD
HTX ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $41.18
- Price spread: +0.100% → −0.059%
- $15.89
- Slippage, 4 orders
- −$16.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $18.84
- Costs to cover
- 0.382%
- Break-even
- 3.8 days
Slippage from Kraken Futures: live order book, 1 min ago; HTX: live order book, 1 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 | 1.84 bp | 8.5 bp −$9 | 11.2 bp −$112 | 18.3 bp −$1,832 | 176.1 bp −$88.0K |
| Sell HTX live order book, 1 min ago | 3.34 bp | 9.5 bp −$9 | 14.8 bp −$148 | 40.3 bp −$4,026 | 121.8 bp −$60.9K |
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 | −0.3684% | 1h | 1,481 | −0.919% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,494.1 | −0.042% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0143% | 8h | 1,493.6 | −0.073% | $30.9M | $75.1M | 75x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0096% | 1h | 1,494.7 | long leg | $18.1M | $46.6M | 25x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,495.3 | +0.038% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0006% | 1h | 1,495.4 | +0.044% | $48K | $64K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,495 | +0.017% | $415K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,495.6 | +0.058% | $1.5M | $4.7M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,494.4 | −0.020% | $5.3M | — | 150x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0074% | 1h | 1,495.5 | +0.054% | $683K | $1.4M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0080% | 8h | 1,494.4 | −0.020% | $301K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,494.8 | +0.005% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,495.2 | +0.032% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,494.6 | −0.009% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,495.4 | +0.047% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,493.3 | −0.095% | $779.8M | $447.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,492.6 | −0.144% | $13.9M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,495 | +0.018% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,493.3 | −0.095% | $696.0M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,492.7 | −0.137% | $267.5M | $630.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,493.3 | −0.095% | $182.2M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,494.1 | −0.041% | $408K | $554K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,494.2 | −0.032% | $903K | $7K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,493.6 | −0.072% | $55.3M | $187.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,493.4 | −0.091% | $242.5M | $800.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,493.4 | −0.088% | $102.8M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,493.4 | −0.088% | $160.6M | $289.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,492.2 | −0.170% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,495.2 | +0.030% | $48.9M | $34.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,494.8 | +0.008% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,496.3 | +0.107% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,495.6 | +0.057% | $412K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,494.7 | −0.003% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,495 | +0.019% | $358K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,495.3 | +0.037% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,493.1 | −0.110% | $456K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,497.4 | +0.177% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494.6 | −0.007% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDTshort | +0.0100% | 8h | 1,496.2 | +0.100% | $2.7M | $20.3M | 75x | |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.2 | −0.036% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,493.5 | −0.084% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,495 | +0.021% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,495.3 | +0.038% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,494.9 | +0.012% | $939K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,496.6 | +0.125% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0137% / S −0.0133% | 1h | 1,495.2 | +0.030% | $393K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0184% | 1h | 1,495.2 | +0.029% | $2.1M | $7.5M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,495.5 | +0.049% | $612K | $8.8M | 10x | as long as short |
| Lighter ZEC | +0.0256% | 1h | 1,495.2 | +0.032% | $19.6M | $47.1M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0261% | 1h | 1,493.6 | −0.074% | $2.3M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,495.4 | +0.045% | $3.7M | $10.1M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
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
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZEC
Arcus ZEC-USD
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX