ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.053%

Price spread now: Bullet against Kraken Futures+0.056%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Kraken Futures Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−1.555%−$155 · spread now +0.056%, 7d avg −0.043%

Together, before fees−1.488%−$149 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bullet is 0.098% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.043%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 3 days funding on this pair paid +0.067%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,456.3	0.0196	pay 0.0024% / 1h	27m 36s	$18.0M	$44.6M	25x
Short	Bullet ZEC-USD	1,457.1	0.0100	get 0.0013% / 1h	27m 36s	$160K	$185K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Kraken Futures. 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 Kraken FuturesbpFee BulletbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$20.08
Price spread: +0.056% → −0.043%: $9.85
Slippage, 4 orders: −$13.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$41.55
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Bullet: live order book, 36 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 Kraken Futures live order book, 2 min ago	1.96 bp	7.6 bp −$8	10.2 bp −$102	18.1 bp −$1,813	102.6 bp −$51.3K
Sell Bullet live order book, 36 min ago	1.80 bp	7.3 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit

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	−0.3244%	1h	1,455.5	−0.052%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0082%	8h	1,456.6	+0.026%	$29.1M	$71.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.1	+0.055%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,455.8	−0.032%	$410K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.6	+0.090%	$1.5M	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.1	−0.009%	$83K	$243K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.6	+0.026%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0044%	8h	1,456	−0.022%	$291K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,456.6	+0.025%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,459.6	+0.226%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	+0.0094%	1h	1,456.7	+0.029%	$410K	$911K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,455.3	−0.065%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.2	−0.004%	$23K	$869K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,455.6	−0.043%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.6	+0.021%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,457.4	+0.078%	$762.7M	$438.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.7	+0.029%	$14.5M	$28.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,456	−0.019%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,455.7	−0.040%	$666.8M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,455.1	−0.083%	$265.8M	$611.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,455.5	−0.050%	$178.7M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.5	+0.085%	$396K	$431K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.346%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,455.7	−0.041%	$49.5M	$173.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456	−0.018%	$213.6M	$776.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,455.8	−0.030%	$102.0M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,455.4	−0.058%	$161.7M	$278.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.1	−0.011%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.2	+0.061%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.2	−0.140%	$47.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.2	−0.213%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,458.3	+0.137%	$3.0M	$419K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.2	+0.064%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.6	+0.023%	$331K	$1.8M	10x	as long as short
Bullet ZEC-USDshort	+0.0100%	1h	1,457.1	+0.056%	$160K	$185K	20x
Derive ZEC-PERP	+0.0100%	1h	1,454.9	−0.092%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459	+0.187%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456.4	+0.011%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456	−0.020%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.9	+0.042%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,454.9	−0.090%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.2	−0.007%	$47K	$153K	20x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,455.9	−0.023%	$8K	$7K	5x	as long as short
Lighter ZEC	+0.0192%	1h	1,457.5	+0.086%	$19.0M	$46.5M	20x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0196%	1h	1,456.3	long leg	$18.0M	$44.6M	25x
Arcus ZEC-USD	+0.0277%	1h	1,457.5	+0.084%	$709K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0303%	1h	1,456.9	+0.041%	$613K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0344%	1h	1,457.2	+0.067%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,455.8	−0.032%	$831K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,458	+0.117%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0698%	1h	1,455.8	−0.034%	$45K	$49K	10x	as long as short