Funding you earn now, next payment 02:00 UTC−0.0102%/8h= −11.2% APRnext payment −$0.13 per $10,000 · paid last 24h −0.041%
Price spread now: Kraken Futures against SoDEX+0.011%7-day average +0.027% · 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−$28as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 3 days (all we have)−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.011%, 7d avg +0.027%
=The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ZEC-USD | 1,475.5 | 0.0100 | pay 0.0013% / 1h | 47m 48s | $243K | $3.8M | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,475.7 | −0.0002 | pay 0.0000% / 1h | 47m 48s | $18.1M | $43.4M | 25x |
SoDEX ZEC-USD
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- −$21.46
- Price spread: +0.011% → +0.027%
- −$1.6
- Slippage, 4 orders
- −$8.65
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$49.72
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 1 min ago; Kraken Futures: live order book, 1 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 SoDEX live order book, 1 min ago | 0.17 bp | 4.4 bp −$4 | 14.9 bp −$149 | 103.0 bp −$10.3K | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 0.98 bp | 9.8 bp −$10 | 15.9 bp −$159 | 24.5 bp −$2,447 | 107.8 bp −$53.9K |
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 | −0.3678% | 1h | 1,478.5 | +0.204% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,475.7 | +0.014% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0068% | 1h | 1,477.6 | +0.142% | $401K | $519K | 5x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0002% | 1h | 1,475.7 | +0.011% | $18.1M | $43.4M | 25x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475.3 | −0.015% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.1 | +0.043% | $963K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.1 | −0.028% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,475.4 | −0.007% | $5.2M | — | 150x | as long as short |
| Variational Omni ZEC | +0.0010% | 8h | 1,477.5 | +0.137% | $48.2M | $33.5M | — | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | −0.021% | $29.6M | $73.3M | 75x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Variational Omni ZEC
BloFin ZEC-USDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,475.1 | −0.025% | $295K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,475.3 | −0.014% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,475.2 | −0.022% | $383K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,479.5 | +0.269% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0077% | 8h | 1,474.7 | −0.058% | $181.0M | $1.29B | 50x | as long as short |
| Gate ZEC_USDT | +0.0085% | 8h | 1,474.7 | −0.052% | $50.2M | $174.0M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,475.2 | −0.019% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,475.2 | −0.024% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475.2 | −0.020% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,475.6 | +0.009% | $2.7M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.3 | −0.014% | $768.0M | $449.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.9 | −0.039% | $14.9M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,476 | +0.034% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.6 | −0.061% | $683.3M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,474.3 | −0.085% | $272.1M | $626.1M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | −0.329% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.8 | −0.045% | $218.2M | $792.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,476.1 | +0.042% | $104.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.7 | −0.053% | $163.5M | $286.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,474.5 | −0.068% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | −0.173% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476.9 | +0.094% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,478.2 | +0.181% | $430K | $902K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.096% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,475 | −0.035% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,475.3 | −0.017% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.8 | −0.115% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.1 | +0.104% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDlong | +0.0100% | 1h | 1,475.5 | long leg | $243K | $3.8M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474.4 | −0.074% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,476.3 | +0.054% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.5 | −0.066% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,475 | −0.036% | $51K | $164K | 20x | as long as short |
| Lighter RH ZEC | +0.0248% | 1h | 1,476.2 | +0.045% | $2.1M | $7.0M | 10x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,476.8 | +0.088% | $679K | $8.7M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0280% | 1h | 1,476.2 | +0.045% | $607K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,475.7 | +0.013% | $19.3M | $48.0M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,476.1 | +0.038% | $857K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,477.5 | +0.134% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0563% | 1h | 1,476.7 | +0.079% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0745% | 1h | 1,475.5 | −0.002% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD