ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h −0.067%

Price spread now: Kraken Futures against Extended+0.015%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.343%−$34 on $10k

Price spread, last 4 days (all we have)+0.658%+$66 · spread now +0.015%, 7d avg +0.043%

Together, before fees+0.315%+ Points / potential airdropExtended: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.027% cheaper against Extended than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.043%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.343%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEC-USD	1,452.5	0.0104	pay 0.0013% / 1h	40m 15s	$2.8M	$7.7M	10x
Short	Kraken Futures PF_ZECUSD	1,452.7	0.0278	get 0.0035% / 1h	40m 15s	$18.0M	$44.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.015%Rate

Funding earned: $36.49
Price spread: +0.015% → +0.043%: −$2.75
Slippage, 4 orders: −$17.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1.14
Costs to cover: 0.326%
Break-even: 6.8 days

Slippage from Extended: live order book, 4 min ago; Kraken Futures: 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 Extended live order book, 4 min ago	1.63 bp	5.2 bp −$5	9.7 bp −$97	244.5 bp −$24.5K	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.90 bp	9.4 bp −$9	13.3 bp −$133	24.5 bp −$2,449	106.0 bp −$53.0K

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	−0.3166%	1h	1,450	−0.170%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.3	+0.056%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,451.3	−0.079%	$29.2M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.5	+0.001%	$409K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454	+0.105%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453	+0.036%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.6	+0.006%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0060%	8h	1,452.7	+0.014%	$291K	$957K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0066% / S −0.0016%	1h	1,452.5	0.000%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,452.9	+0.033%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,452.7	+0.018%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,452.1	−0.028%	$11K	$872K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453	+0.035%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453	+0.035%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453.8	+0.092%	$756.1M	$435.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.9	+0.033%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453	+0.039%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,452.9	+0.028%	$666.6M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.3	−0.015%	$261.2M	$602.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,452.9	+0.027%	$177.4M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	−0.259%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	−0.121%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,452.6	+0.008%	$50.0M	$173.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,452.9	+0.027%	$216.4M	$769.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.8	+0.023%	$102.2M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,452.9	+0.027%	$165.0M	$273.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.2	−0.021%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,451.9	−0.041%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,449.4	−0.209%	$47.5M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.6	−0.128%	$565K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.6	−0.130%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,449.9	−0.177%	$403K	$921K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	−0.154%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.3	−0.011%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.7	+0.018%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.5	−0.068%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.4	+0.203%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.8	+0.020%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.6	−0.057%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452.1	−0.024%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USDlong	+0.0104%	1h	1,452.5	long leg	$2.8M	$7.7M	10x
Aevo ZEC-PERP	+0.0104%	1h	1,452.3	−0.010%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.5	−0.138%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0278%	1h	1,452.7	+0.015%	$18.0M	$44.9M	25x
Lighter ZEC	+0.0344%	1h	1,453.7	+0.086%	$19.1M	$45.9M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0397%	1h	1,453.4	+0.063%	$610K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,452.9	+0.032%	$920K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,454.5	+0.142%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0488%	1h	1,454.4	+0.135%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,450.8	−0.117%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,450.9	−0.110%	$44K	$49K	10x	as long as short