Funding you earn now, next payment 09:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.061%
Price spread now: Nado against Kraken Futures+0.047%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 4 days (all we have)+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)−1.522%−$152 · spread now +0.047%, 7d avg −0.001%
=Together, before fees−1.447%+ Points / potential airdropNado: Active · farm board−$145 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.048% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,516.3 | 0.0019 | pay 0.0002% / 1h | 47m 08s | $18.4M | $47.7M | 25x |
| Short | Nado ZEC-PERP | 1,517 | 0.0100 | get 0.0012% / 1h | 47m 08s | $3.1M | $7.7M | 10x |
Kraken Futures PF_ZECUSD
Nado ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $17.09
- Price spread: +0.047% → −0.001%
- $4.82
- Slippage, 4 orders
- −$12.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$7.14
- Costs to cover
- 0.290%
- Break-even
- 9.9 days
Slippage from Kraken Futures: live order book, 2 min ago; Nado: 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 | 2.47 bp | 9.6 bp −$10 | 13.5 bp −$135 | 24.2 bp −$2,424 | 156.9 bp −$78.5K |
| Sell Nado live order book, 2 min ago | 0.03 bp | 4.4 bp −$4 | 9.9 bp −$99 | 42.6 bp −$4,258 | 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 | −0.3702% | 1h | 1,494.3 | −1.451% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,515.5 | −0.051% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,516.5 | +0.013% | $31.6M | $77.2M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0134% | 1h | 1,516.4 | +0.004% | $48K | $59K | 10x | as long as short |
| Bulk ZEC-USD | −0.0101% | 1h | 1,517.9 | +0.105% | $781K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517.7 | +0.091% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.5 | +0.013% | $421K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,517.5 | +0.078% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,516.3 | 0.000% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0019% | 1h | 1,516.3 | long leg | $18.4M | $47.7M | 25x |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | +0.0019% | 1h | 1,516.5 | +0.015% | $416K | $951K | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,517 | +0.044% | $8K | $6K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0067% | 1h | 1,516.6 | +0.022% | $693K | $1.4M | 25x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,518.9 | +0.168% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,515.9 | −0.026% | $306K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,517 | +0.046% | $19.6M | $44.7M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,517.4 | +0.071% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,517 | +0.044% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.8 | +0.032% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,516.7 | +0.025% | $16K | $900K | 10x | as long as short |
| Nado ZEC-PERPshort | +0.0100% | 1h | 1,517 | +0.047% | $3.1M | $7.7M | 10x | |
| Hyperliquid ZEC | +0.0100% | 1h | 1,517.4 | +0.072% | $794.6M | $448.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,516 | −0.022% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,517.6 | +0.085% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,516.1 | −0.016% | $716.6M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,516 | −0.023% | $272.6M | $629.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,516.3 | 0.000% | $186.0M | $1.39B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,516.4 | +0.006% | $413K | $548K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,517.5 | +0.081% | $596K | $9.0M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,515.7 | −0.038% | $60.4M | $183.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,516.5 | +0.009% | $408.7M | $829.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,516.3 | −0.001% | $103.6M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,516.4 | +0.007% | $163.6M | $294.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,516.6 | +0.019% | — | $120.2M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,517.7 | +0.093% | $50.1M | $35.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,518.8 | +0.161% | $556K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,516.2 | −0.007% | $3.1M | $530K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,519.3 | +0.197% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,517.6 | +0.085% | $377K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,517 | +0.044% | $170K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,516.9 | +0.038% | $453K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,519 | +0.177% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,515.9 | −0.028% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,516.7 | +0.026% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,516.7 | +0.027% | $4.1M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,515.7 | −0.043% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,515.6 | −0.046% | $43K | $150K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0155% / S −0.0157% | 1h | 1,516.2 | −0.009% | $337K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,516.3 | +0.002% | $967K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,518.6 | +0.152% | $3.8M | $10.0M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0548% | 1h | 1,516.4 | +0.006% | $2.4M | $3.8M | 15x | as long as short |
ApeX Omni ZECUSDT
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP