Funding you earn now, next payment 02:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.052%
Price spread now: Kraken Futures against edgeX−0.114%7-day average +0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days−0.456%−$46 on $10k
+Price spread, last 3 days (all we have)+0.725%+$73 · spread now −0.114%, 7d avg +0.086%
=Together, before fees+0.269%+ Points / potential airdropedgeX: Active · farm board+$27 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 0.200% cheaper against edgeX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.086%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ZECUSDC | 1,473.6 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $574K | $9.0M | 20x |
| Short | Kraken Futures PF_ZECUSD | 1,471.9 | −0.0002 | pay 0.0000% / 1h | 16m 48s | $18.1M | $43.8M | 25x |
edgeX ZECUSDC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against edgeX. 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
- −$21.47
- Price spread: −0.114% → +0.086%
- −$19.98
- Slippage, 4 orders
- −$9.15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$69.59
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from edgeX: 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 edgeX live order book, 2 min ago | 0.68 bp | 5.3 bp −$5 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 1.09 bp | 9.8 bp −$10 | 14.2 bp −$142 | 21.3 bp −$2,128 | 104.6 bp −$52.3K |
ZEC on 50 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 | 1,459.6 | −0.954% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.7 | −0.131% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0014% | 1h | 1,472.5 | −0.075% | $400K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0002% | 1h | 1,471.9 | −0.114% | $18.1M | $43.8M | 25x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.9 | −0.119% | $414K | $53K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.1 | −0.168% | $973K | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,471.3 | −0.159% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.4 | −0.151% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0030% | 8h | 1,471.3 | −0.159% | $294K | $1.0M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,471.4 | −0.153% | $384K | — | 100x | 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
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0055% | 8h | 1,474.3 | +0.044% | $48.1M | $32.6M | — | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,471.2 | −0.165% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,474.7 | +0.073% | $4.7M | $1.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.8 | −0.193% | $173K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0097% | 8h | 1,471.8 | −0.121% | $181.4M | $1.27B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,470.6 | −0.205% | $11K | $841K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.8 | −0.121% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.2 | −0.165% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.8 | +0.014% | $767.8M | $443.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.073% | $14.8M | $30.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.8 | −0.121% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.6 | −0.071% | $681.4M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.105% | $271.9M | $615.5M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,476.6 | +0.202% | $896K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,472.4 | −0.084% | $50.2M | $176.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.8 | −0.057% | $216.2M | $801.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.5 | −0.147% | $103.4M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.9 | −0.050% | $163.6M | $282.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.7 | −0.065% | — | $100.5M | — | as long as short |
| edgeX ZECUSDClong | +0.0100% | 4h | 1,473.6 | long leg | $574K | $9.0M | 20x | |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.3 | +0.044% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.1 | +0.033% | $429K | $895K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.7 | +0.005% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.5 | −0.143% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.3 | −0.154% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470 | −0.245% | $457K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.1 | −0.037% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.5 | −0.140% | $243K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.138% | $2.5M | $18.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.103% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.6 | −0.072% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.2 | −0.166% | $48K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0139% | 1h | 1,472.1 | −0.102% | $612K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,473.6 | +0.001% | $19.2M | $48.2M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,472.8 | −0.057% | $692K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,474.5 | +0.060% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,471.5 | −0.144% | $865K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0460% | 1h | 1,471.8 | −0.120% | $2.5M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,476.8 | +0.218% | $3.7M | $9.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0747% | 1h | 1,473.7 | +0.008% | $44K | $46K | 10x | as long as short |
Variational Omni ZEC
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD