ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h +0.028%

Price spread now: Kraken Futures against ApeX Omni−0.049%75s7-day average +0.170% · you buy dearer than you sell

Net, funding: paid 7d − costs+$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.389% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.784%+$78 on $10k

Price spread, last 4 days (all we have)+0.923%+$92 · spread now −0.049%, 7d avg +0.170%

Together, before fees+1.708%+$171 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.219% cheaper against ApeX Omni than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.170%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.784%, so the current rate has only just turned against you. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,491.8	0.0100	pay 0.0013% / 1h	57m 58s	$411K	$943K	50x
Short	Kraken Futures PF_ZECUSD	1,491.1	0.0012	get 0.0001% / 1h	57m 58s	$18.1M	$46.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$18.55
Price spread: −0.049% → +0.170%: −$21.9
Slippage, 4 orders: −$18.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$79.3
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 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 ApeX Omni live order book, 46 min ago	4.76 bp	10.5 bp −$11	32.7 bp −$327	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	1.78 bp	8.0 bp −$8	11.5 bp −$115	18.4 bp −$1,838	205.7 bp −$102.9K

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	−0.3442%	1h	1,481	−0.727%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,490.4	−0.097%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,491.3	−0.038%	$30.8M	$75.0M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0085%	1h	1,490.3	−0.102%	$407K	$552K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,489.3	−0.169%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0018%	1h	1,492.6	+0.051%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,490.4	−0.097%	$414K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,491.7	−0.009%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,491.5	−0.021%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0012%	1h	1,491.1	−0.049%	$18.1M	$46.5M	25x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	+0.0029%	1h	1,491.8	0.000%	$681K	$1.4M	25x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,492.5	+0.045%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0081%	8h	1,490.8	−0.068%	$300K	$1.1M	20x	as long as short
Bulk ZEC-USD	+0.0085%	1h	1,492.9	+0.074%	$902K	$7K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,492.4	+0.038%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,492.2	+0.028%	$12K	$879K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,491.8	−0.004%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,492.5	+0.044%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,491.7	−0.008%	$778.7M	$448.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,490.3	−0.102%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,490.8	−0.069%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,491	−0.055%	$695.3M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,489.4	−0.161%	$267.0M	$629.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,489.7	−0.142%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,490.8	−0.066%	$55.1M	$181.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,490.4	−0.094%	$243.2M	$784.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,490.2	−0.109%	$102.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,489.9	−0.130%	$160.5M	$290.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,489.9	−0.126%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,489.9	−0.128%	$48.8M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,491.9	+0.007%	$571K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,490	−0.122%	$3.1M	$499K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,491.8	long leg	$411K	$943K	50x
StandX ZEC-USD	+0.0100%	1h	1,491.4	−0.030%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,491.7	−0.008%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,491.6	−0.014%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,489.5	−0.154%	$455K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,493.9	+0.139%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,490.6	−0.082%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,491.3	−0.037%	$2.7M	$20.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,491.1	−0.046%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,489.7	−0.141%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,491.1	−0.051%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,492.2	+0.025%	$940K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.5	−0.089%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0139% / S −0.0136%	1h	1,491.5	−0.023%	$392K	—	100x	as long as short
Lighter ZEC	+0.0144%	1h	1,492.2	+0.027%	$19.6M	$44.8M	20x	as long as short
Lighter RH ZEC	+0.0272%	1h	1,492.2	+0.027%	$2.1M	$7.3M	10x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,493	+0.080%	$621K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,492.2	+0.027%	$3.7M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0436%	1h	1,491	−0.057%	$2.3M	$3.9M	15x	as long as short