Funding you earn now, next payment 07:00 UTC+0.3588%/8h= +392.9% APRnext payment +$4.49 per $10,000 · paid last 24h +0.678%
Price spread now: Kraken Futures against Injective+1.153%63s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$497.7Kas 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−$497.9K4978.640% of the position
Funding, last 7 days+2.121%+$212 on $10k
+Price spread, last 4 days (all we have)−0.832%−$83 · spread now +1.153%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$108 a day on $10k at the current rate, and Kraken Futures is 1.180% dearer against Injective than usual: you sell high and buy low: +$118 more if the spread goes back to its 7-day average of −0.028%. The two prices were read 63 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 7 days it paid 2.121% in total (about 110.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.49 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 | Injective ZEC/USDC PERP | 1,478.1 | −0.3684 | get 0.0461% / 1h | 11m 41s | $36K | $275K | 12x |
| Short | Kraken Futures PF_ZECUSD | 1,495.1 | −0.0096 | pay 0.0012% / 1h | 11m 41s | $18.1M | $46.5M | 25x |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $753.51
- Price spread: +1.153% → −0.028%
- $118.04
- Slippage, 4 orders
- −$497,853.95
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$496,992.42
- Costs to cover
- 4978.640%
- Break-even
- 4624.0 days
Slippage from Injective: live order book, 32 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 Injective live order book, 32 min ago | 46.83 bp | 491284.0 bp −$491.3K | 4969666.0 bp −$49.70M | 49458632.0 bp −$4945.86M | 246450688.0 bp −$123225.34M |
| Sell Kraken Futures live order book, 2 min ago | 3.34 bp | 10.1 bp −$10 | 13.6 bp −$136 | 21.3 bp −$2,131 | 107.3 bp −$53.6K |
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 PERPlong | −0.3684% | 1h | 1,478.1 | long leg | $36K | $275K | 12x | |
| Perpl ZEC | −0.0447% | 43m | 1,492.2 | +0.955% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,494.1 | +1.082% | $30.3M | $75.0M | 75x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0096% | 1h | 1,495.1 | +1.153% | $18.1M | $46.5M | 25x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,497.8 | +1.334% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,497.3 | +1.297% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,494.7 | +1.121% | $1.6M | $4.6M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,495.6 | +1.183% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0033% | 1h | 1,494.9 | +1.141% | $48K | $64K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0080% | 8h | 1,493.7 | +1.057% | $301K | $1.1M | 20x | as long as short |
Perpl ZEC
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSD
Orderly PERP_ZEC_USDCShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,497 | +1.282% | $174K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,497 | +1.279% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,497 | +1.281% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,494.6 | +1.114% | $3.1M | $7.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,496.7 | +1.261% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,497.8 | +1.336% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,497.7 | +1.324% | $697.8M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,497.4 | +1.308% | $268.1M | $632.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,497.8 | +1.331% | $182.9M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,496.3 | +1.232% | $408K | $552K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,494.2 | +1.093% | $903K | $7K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,497.1 | +1.287% | $55.0M | $186.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,497.4 | +1.306% | $242.8M | $797.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,497.6 | +1.322% | $103.1M | $57.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,497.2 | +1.293% | $161.0M | $289.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,497.5 | +1.316% | — | $116.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.8 | +1.404% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,496.9 | +1.269% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,494.6 | +1.115% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,494.9 | +1.137% | $411K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,497.2 | +1.293% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,493.3 | +1.029% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,493.4 | +1.037% | $164K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,496.1 | +1.216% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494.6 | +1.120% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,494 | +1.076% | $2.7M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.8 | +1.128% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,497.3 | +1.300% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,494.6 | +1.114% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,497.5 | +1.314% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0123% | 1h | 1,495.1 | +1.150% | $683K | $1.4M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,496.7 | +1.260% | $940K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,501.5 | +1.583% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0134% / S −0.0128% | 1h | 1,493.7 | +1.054% | $395K | — | 100x | as long as short |
| Hyperliquid ZEC | +0.0170% | 1h | 1,498.5 | +1.381% | $780.6M | $445.7M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,498.3 | +1.365% | $604K | $8.7M | 10x | as long as short |
| Lighter RH ZEC | +0.0224% | 1h | 1,499.3 | +1.436% | $2.1M | $7.5M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0236% | 1h | 1,496.6 | +1.253% | $2.3M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0280% | 1h | 1,499.2 | +1.429% | $19.8M | $46.9M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,496 | +1.212% | $3.7M | $10.1M | 50x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Hyperliquid ZEC
Arcus ZEC-USD
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Coinbase International ZEC-PERP-INTX