Funding you earn now, next payment 01:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.044%
Price spread now: Pacifica against Kraken Futures−0.207%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.207%, 7d avg −0.024%
=Together, before fees−0.006%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.183% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of −0.024%). If the spread goes back, that is −$18 on $10k: about 33 hours of funding at the current rate (+$13 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 per $10,000. 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 | 1,470.2 | −0.0343 | get 0.0043% / 1h | 13m 46s | $17.8M | $43.0M | 25x |
| Short | Pacifica ZEC | 1,467.2 | 0.0100 | get 0.0013% / 1h | 13m 46s | $1.7M | $2.8M | 10x |
Kraken Futures PF_ZECUSD
Pacifica ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $92.97
- Price spread: −0.207% → −0.024%
- −$18.28
- Slippage, 4 orders
- −$15.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $41.4
- Costs to cover
- 0.333%
- Break-even
- 3.9 days
Slippage from Kraken Futures: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago | 2.18 bp | 9.6 bp −$10 | 13.1 bp −$131 | 20.9 bp −$2,088 | 89.8 bp −$44.9K |
| Sell Pacifica live order book, 5 min ago | 2.25 bp | 7.0 bp −$7 | doesn't fit | 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 | −0.3321% | 1h | 1,465.9 | −0.291% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0343% | 1h | 1,470.2 | long leg | $17.8M | $43.0M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0118% | 1h | 1,463.3 | −0.471% | $398K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0114% | 8h | 1,467.7 | −0.173% | $29.7M | $72.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.1 | −0.142% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0030% | 8h | 1,464.9 | −0.359% | $47.5M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.9 | −0.161% | $413K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,468.9 | −0.088% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469 | −0.084% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.7 | −0.101% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
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 | 1,469.4 | −0.058% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0019% | 8h | 1,469.6 | −0.043% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,465.8 | −0.302% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,469.4 | −0.053% | $378K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0060% | 8h | 1,466.9 | −0.229% | $181.3M | $1.29B | 50x | as long as short |
| Bybit ZECUSDT | +0.0090% | 8h | 1,466.5 | −0.252% | $273.0M | $631.9M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.4 | −0.124% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468 | −0.154% | $15K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.8 | −0.230% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.6 | −0.108% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.6 | −0.110% | $762.5M | $453.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.9 | −0.158% | $14.9M | $31.4M | 75x | as long as short |
| Pacifica ZECshort | +0.0100% | 1h | 1,467.2 | −0.207% | $1.7M | $2.8M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.7 | −0.239% | $682.5M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,468.8 | −0.095% | $699K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,465.9 | −0.295% | $892K | $22K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,467.2 | −0.207% | $50.1M | $181.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467 | −0.218% | $227.9M | $829.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.3 | −0.200% | $104.1M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.7 | −0.238% | $163.1M | $291.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,467.2 | −0.205% | — | $100.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464.1 | −0.418% | $570K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | −0.297% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,463.4 | −0.467% | $426K | $874K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.3 | −0.335% | $80K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.6 | −0.110% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469 | −0.083% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.9 | −0.157% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.7 | +0.035% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.031% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.083% | $2.5M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.8 | −0.030% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.9 | −0.226% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.6 | −0.045% | $55K | $164K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,469.2 | −0.072% | $853K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,468.3 | −0.131% | $19.1M | $50.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0415% | 1h | 1,470.5 | +0.018% | $605K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,471.9 | +0.112% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0516% | 1h | 1,470.5 | +0.022% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0736% | 1h | 1,469.3 | −0.065% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0765% | 1h | 1,468.2 | −0.140% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Bybit ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD