Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h +0.033%

Price spread now: Orderly against Kraken Futures+0.004%7-day average −0.021% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.004%, 7d avg −0.021%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Orderly is 0.025% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,475.2	−0.0097	get 0.0012% / 1h	34m 40s	$17.9M	$47.1M	25x
Short	Orderly PERP_ZEC_USDC	1,475.3	0.0076	get 0.0076% / 8h	1h 34m	$297K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee OrderlybpOrdersPrice spread, now +0.004%Rate

Funding earned: $36.46
Price spread: +0.004% → −0.021%: $2.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $22.98
Costs to cover: 0.160%
Break-even: 2.6 days

Slippage unknown: Kraken Futures: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	3.11 bp	10.0 bp −$10	13.0 bp −$130	20.9 bp −$2,085	96.4 bp −$48.2K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,477.1	+0.126%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0121%	8h	1,477	+0.121%	$30.6M	$73.7M	75x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	+0.377%	$895K	$15K	10x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0097%	1h	1,475.2	long leg	$17.9M	$47.1M	25x
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.9	+0.110%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476.3	+0.073%	$410K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.4	+0.011%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.8	−0.098%	$64K	$301K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.7	−0.036%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0076%	8h	1,475.3	+0.004%	$297K	$1.1M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,475.8	+0.039%	$162K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,475.6	+0.023%	$13K	$866K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	−0.051%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,475.3	+0.001%	$13.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.6	+0.088%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476	+0.048%	$687.9M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,475.5	+0.018%	$265.0M	$631.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,475.7	+0.033%	$178.8M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,472.5	−0.186%	$403K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,475.9	+0.047%	$54.1M	$182.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476	+0.050%	$233.3M	$782.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.8	+0.106%	$101.0M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,475.8	+0.038%	$158.8M	$288.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,475.6	+0.021%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,477.1	+0.125%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,474.2	−0.074%	$48.1M	$34.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.3	+0.069%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476.1	+0.056%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.1	+0.054%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.6	−0.047%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474	−0.085%	$356K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,475.2	−0.005%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.126%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.7	+0.096%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,475.3	+0.003%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.5	−0.121%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.5	+0.083%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476	+0.050%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475.9	+0.046%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.1	−0.011%	$42K	$152K	20x	as long as short
Aftermath Perps ZECUSD	+0.0124%	1h	1,478.5	+0.224%	$47K	$64K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0128% / S −0.0121%	1h	1,476.3	+0.073%	$428K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,476.2	+0.062%	$923K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.6	+0.229%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,476.3	+0.070%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0145%	1h	1,475.9	+0.047%	$674K	$1.4M	25x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,478.1	+0.194%	$637K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0236%	1h	1,478.4	+0.214%	$767.6M	$441.6M	10x	as long as short
Lighter RH ZEC	+0.0256%	1h	1,478.5	+0.218%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0288%	1h	1,477.7	+0.164%	$19.4M	$45.7M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,477	+0.118%	$3.6M	$10.0M	50x	as long as short