ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h +0.073%

Price spread now: RISEx against Kraken Futures−0.035%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Kraken Futures Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.296%+$30 on $10k

Price spread, last 4 days (all we have)−0.568%−$57 · spread now −0.035%, 7d avg −0.001%

Together, before fees−0.272%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and RISEx is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.296%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,504.2	0.0099	pay 0.0012% / 1h	53m 13s	$18.5M	$46.1M	25x
Short	RISEx ZEC/USDC	1,503.7	0.0032	get 0.0004% / 1h	53m 13s	$909K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$13.88
Price spread: −0.035% → −0.001%: −$3.43
Slippage, 4 orders: −$9.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$43.26
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; RISEx: live order book, 4 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, 4 min ago	1.36 bp	9.1 bp −$9	12.0 bp −$120	18.8 bp −$1,875	185.5 bp −$92.7K
Sell RISEx live order book, 4 min ago	0.30 bp	3.3 bp −$3	7.1 bp −$71	doesn't fit	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,480	−1.609%	$36K	$267K	12x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,504	−0.014%	$31.9M	$72.9M	75x	as long as short
Aftermath Perps ZECUSD	−0.0092%	1h	1,504.1	−0.002%	$46K	$58K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0088%	1h	1,500.9	−0.218%	$409K	$498K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	−0.039%	$6K	$1K	10x	as long as short
ApeX Omni ZECUSDT	−0.0068%	1h	1,503.6	−0.036%	$411K	$949K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.9	−0.016%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,504.5	+0.018%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502	−0.146%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	−0.042%	$5.4M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0016%	1h	1,503.6	−0.037%	$8K	$6K	5x	as long as short
RISEx ZEC/USDCshort	+0.0032%	1h	1,503.7	−0.035%	$909K	$1.3M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0046%	1h	1,504.5	+0.022%	$685K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	−0.019%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0070%	8h	1,503.2	−0.063%	$303K	$856K	20x	as long as short
Aster ZECUSDT	+0.0094%	8h	1,503.6	−0.039%	$14.1M	$26.9M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,505.1	+0.060%	$19.9M	$38.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,505.1	+0.058%	$2.1M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.4	−0.053%	$170K	$1.5M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,502.8	−0.090%	$25K	$880K	10x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0099%	1h	1,504.2	long leg	$18.5M	$46.1M	25x
Paradex ZEC-USD-PERP	+0.0099%	8h	1,503.5	−0.045%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,503.8	−0.024%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.7	+0.031%	$790.0M	$429.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504.3	+0.009%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.9	−0.022%	$708.0M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.6	−0.039%	$276.1M	$588.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503.5	−0.043%	$185.9M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,504.3	+0.005%	$594K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.6	−0.036%	$62.8M	$171.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,503.9	−0.022%	$178.0M	$823.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.6	−0.037%	$105.3M	$52.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.6	−0.039%	$164.3M	$279.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,502.7	−0.102%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,504.2	+0.003%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,505.7	+0.101%	$49.5M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,504.6	+0.024%	$550K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.3	−0.057%	$3.1M	$588K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,502.9	−0.086%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.4	−0.052%	$370K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.7	−0.029%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506	+0.119%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.6	−0.036%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,503.2	−0.066%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.9	−0.019%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.089%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.8	−0.028%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.4	−0.055%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,503.6	−0.035%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,506.1	+0.129%	$3.9M	$9.5M	50x	as long as short