ZEC

Alert

Funding spread now, next payment 18:00 UTC+0.0607%/8h

next payment, per $10,000+$0.76paid, last 24h−0.019%paid, last 7 days+0.417%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.417% in total (about 21.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 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	1,499.1	−0.0507	get 0.0063% / 1h	57m 24s	$18.3M	$43.7M	25x
Short	Derive ZEC-PERP	1,496.7	0.0100	get 0.0013% / 1h	57m 24s	$465K	$476K	6.7x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DerivebpOrdersRate

Funding earned: $127.48
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $111.48
Break-even: 0.9 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.158%
Avg gap 7d: −0.103%

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	3.04 bp	9.8 bp −$10	13.8 bp −$138	21.9 bp −$2,193	101.6 bp −$50.8K
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3792%	1h	$35K	$13K	12x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0507%	1h	$18.3M	$43.7M	25x
Bybit ZECUSDT	−0.0263%	8h	$292.1M	$761.2M	75x	as long as short
ApeX Omni ZECUSDT	−0.0225%	1h	$989K	$349K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0154%	1h	$408K	$759K	5x	as long as short
BloFin ZEC-USDT	−0.0118%	8h	$31.5M	$81.1M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
01 Exchange ZECUSD	−0.0064%	1h	$9K	$11K	5x	as long as short
Variational Omni ZEC	−0.0049%	8h	$48.8M	$32.9M	—	as long as short
Aster ZECUSDT	−0.0033%	8h	$15.3M	$37.3M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	−0.0022%	8h	$269K	$1.6M	20x	as long as short
Gate ZEC_USDT	−0.0016%	8h	$52.8M	$209.8M	75x	as long as short
OKX ZEC-USDT-SWAP	−0.0005%	8h	$185.2M	$1.61B	50x	as long as short
SoDEX ZEC-USD	−0.0004%	1h	$228K	$5.4M	10x	as long as short
Bulk ZEC-USD	−0.0003%	1h	$914K	$40K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	$421K	$117K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$872K	$6.2M	2.2x	as long as short
Phoenix ZEC	0.0000%	1h	$4.7M	$1.7M	10x	as long as short
Perpl ZEC	0.0000%	43m	$78K	$388K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	$587K	$1.4M	25x	as long as short
MEXC ZEC_USDT	+0.0001%	8h	$219.2M	$968.2M	150x	as long as short
Binance ZECUSDT	+0.0001%	8h	$702.2M	$2.83B	75x	as long as short
BingX ZEC-USDC	+0.0005%	8h	—	$6.9M	—	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
Bitget ZECUSDT	+0.0007%	8h	$170.8M	$328.3M	75x	as long as short
Bullet ZEC-USD	+0.0059%	1h	$52K	$116K	20x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0088%	1h	$859K	$2.9M	10x	as long as short
Paradex ZEC-USD-PERP	+0.0093%	8h	$62K	$38K	10x	as long as short
Lighter ZEC	+0.0096%	1h	$19.8M	$61.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$179K	$2.2M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	$13K	$1.0M	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	$799.9M	$652.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.6M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$694K	$6.4M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$105.4M	$69.2M	75x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$506K	$10.7M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$111K	$3.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$325K	$3.3M	10x	as long as short
Derive ZEC-PERPshort	+0.0100%	1h	$465K	$476K	6.7x
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.3M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.6M	$31.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.9M	$6.6M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.4M	$4.4M	10x	as long as short
Lighter RH ZEC	+0.0112%	1h	$1.8M	$8.2M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0117% / S +0.0006%	1h	$571K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0132%	1h	$2.3M	$3.6M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0320%	1h	$3.9M	$13.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0351%	1h	$36K	$27K	10x	as long as short