ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0325%/8h= −35.6% APRnext payment −$0.41 per $10,000 · paid last 24h −0.037%

Price spread now: Kraken Futures against Nado−0.010%46s7-day average +0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.287% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.243%+$24 · spread now −0.010%, 7d avg +0.004%

Together, before fees+0.176%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.067% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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	Nado ZEC-PERP	1,471.1	0.0100	pay 0.0012% / 1h	47m 32s	$2.6M	$6.8M	10x
Short	Kraken Futures PF_ZECUSD	1,471	−0.0225	pay 0.0028% / 1h	47m 32s	$17.9M	$44.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Nado. 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 NadobpFee Kraken FuturesbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$68.25
Price spread: −0.010% → +0.004%: −$1.36
Slippage, 4 orders: −$11.7
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$98.31
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Kraken Futures: 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 Nado live order book, 2 min ago	0.17 bp	4.6 bp −$5	12.0 bp −$120	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.14 bp	9.5 bp −$10	14.7 bp −$147	22.0 bp −$2,199	112.7 bp −$56.3K

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	−0.3089%	1h	1,473.7	+0.175%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSDshort	−0.0225%	1h	1,471	−0.010%	$17.9M	$44.3M	25x
Ondo Perps ZEC-USD.P	−0.0210%	1h	1,468.5	−0.177%	$399K	$515K	5x	as long as short
ApeX Omni ZECUSDT	−0.0190%	1h	1,472.5	+0.092%	$432K	$830K	50x	as long as short
BloFin ZEC-USDT	−0.0105%	8h	1,473.3	+0.149%	$29.5M	$75.6M	75x	as long as short
Bybit ZECUSDT	−0.0094%	8h	1,469.5	−0.108%	$273.5M	$657.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.4	+0.017%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0040%	8h	1,471.8	+0.048%	$46.8M	$33.6M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.3	+0.015%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.1	+0.132%	$904K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,470.4	−0.046%	$84K	$404K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,471.9	+0.057%	$614K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.5	−0.176%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,471.2	+0.007%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.1	+0.134%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,470.1	−0.071%	$180.3M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,470.5	−0.044%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0042%	8h	1,470.1	−0.066%	$50.6M	$184.4M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0011%	1h	1,471.6	+0.037%	$366K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,471.9	+0.054%	$19.1M	$52.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.9	−0.079%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,470.7	−0.025%	$11K	$830K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470	−0.075%	$60K	$39K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,471.1	long leg	$2.6M	$6.8M	10x
Hyperliquid ZEC	+0.0100%	1h	1,471.6	+0.034%	$763.0M	$474.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.4	−0.046%	$15.5M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.1	−0.001%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.3	−0.057%	$681.1M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.7	+0.043%	$719K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472	+0.061%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.6	−0.171%	$220.5M	$832.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.3	−0.052%	$103.9M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.5	−0.043%	$162.7M	$302.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,470.3	−0.054%	—	$102.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473	+0.127%	$513K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.8	+0.183%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472	+0.060%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.2	−0.061%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.5	−0.177%	$127K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.8	−0.091%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.2	+0.142%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.9	−0.016%	$226K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471	−0.007%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471.6	+0.034%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.5	−0.042%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.3	+0.013%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,470.8	−0.019%	$834K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0421%	1h	1,471.6	+0.031%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,475.6	+0.308%	$3.8M	$11.0M	50x	as long as short
Lighter RH ZEC	+0.0528%	1h	1,472.8	+0.113%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0652%	1h	1,472.8	+0.117%	$46K	$47K	10x	as long as short