ZEC

Alert

Funding spread now, next payment 19:00 UTC+0.1008%/8h

next payment, per $10,000+$1.26paid, last 24h+0.010%paid, last 7 days+0.061%to open and close $10k−$36

Long on Kraken Futures Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.26 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	Kraken Futures PF_ZECUSD	1,485.7	−0.0787	get 0.0098% / 1h	27m 40s	$18.1M	$47.8M	25x
Short	Backpack ZEC_USDC_PERP	1,485.8	0.0221	get 0.0028% / 1h	27m 40s	$2.3M	$3.8M	15x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BackpackbpOrdersRate

Funding earned: $211.71
Slippage, 4 orders: −$16.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $175.34
Break-even: 1.2 days

Slippage from Kraken Futures: live order book, 3 min ago; Backpack: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.004%
Avg gap 7d: −0.040%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 3 min ago	4.33 bp	9.4 bp −$9	12.7 bp −$127	18.2 bp −$1,822	107.7 bp −$53.8K
Sell Backpack live order book, 3 min ago	0.03 bp	10.2 bp −$10	35.3 bp −$353	doesn't fit	doesn't fit

ZEC on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3658%	1h	$34K	$13K	12x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0787%	1h	$18.1M	$47.8M	25x
ApeX Omni ZECUSDT	−0.0276%	1h	$970K	$463K	50x	as long as short
Bybit ZECUSDT	−0.0237%	8h	$277.5M	$767.8M	75x	as long as short
Bulk ZEC-USD	−0.0137%	1h	$914K	$47K	10x	as long as short
Variational Omni ZEC	−0.0136%	8h	$48.1M	$32.4M	—	as long as short
BloFin ZEC-USDT	−0.0114%	8h	$30.8M	$82.2M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0094%	1h	$404K	$642K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Gate ZEC_USDT	−0.0079%	8h	$51.1M	$211.1M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ZECUSDT	−0.0024%	8h	$15.0M	$37.6M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0019%	8h	$293K	$1.8M	20x	as long as short
OKX ZEC-USDT-SWAP	−0.0014%	8h	$179.0M	$1.58B	50x	as long as short
Phoenix ZEC	−0.0004%	1h	$4.7M	$1.7M	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	$419K	$108K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$995K	$6.3M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	$78K	$417K	10x	as long as short
MEXC ZEC_USDT	+0.0006%	8h	$221.0M	$999.0M	150x	as long as short
Binance ZECUSDT	+0.0006%	8h	$681.0M	$2.85B	75x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	$9K	$11K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0025%	1h	$582K	$1.4M	25x	as long as short
SoDEX ZEC-USD	+0.0029%	1h	$226K	$5.6M	10x	as long as short
RISEx ZEC/USDC	+0.0072%	1h	$832K	$2.7M	10x	as long as short
Katana Perps ZEC-USD	+0.0079%	8h	$16K	$910K	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$366K	20x	as long as short
BingX ZEC-USDC	+0.0086%	8h	—	$6.8M	—	as long as short
Bitget ZECUSDT	+0.0092%	8h	$169.6M	$343.7M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0092% / S +0.0016%	1h	$583K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	$19.3M	$62.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$174K	$2.2M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0096%	8h	$61K	$38K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$783.2M	$646.7M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.6M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.4M	$67.2M	75x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$500K	$10.7M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$112K	$4.3M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$304K	$3.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	$130K	$166K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$452K	$528K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.4M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.5M	$30.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.8M	$6.5M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.3M	$4.8M	10x	as long as short
Lighter RH ZEC	+0.0208%	1h	$1.8M	$7.9M	10x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0221%	1h	$2.3M	$3.8M	15x
Arcus ZEC-USD	+0.0231%	1h	$702K	$7.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0360%	1h	$3.9M	$13.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0478%	1h	$40K	$34K	10x	as long as short