ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h +0.026%

Price spread now: gTrade (Gains Network) against Kraken Futures+0.084%52s7-day average −0.023% · 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—prices read too far apart to compare

costs, in and out, $10k−$2892.889% of the position

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.084%, 7d avg −0.023%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.107% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.023%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 3 days (−0.028% in total) that is about 13 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,478.2	0.0145	pay 0.0018% / 1h	23m 25s	$18.1M	$45.6M	25x
Short	gTrade (Gains Network) ZEC/USD	1,479.5	L +0.0007% / S −0.0007%	get 0.0001% / 1h	23m 25s	$5.3M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.084%Rate

Funding earned: −$29.1
Price spread: +0.084% → −0.023%: $10.72
Slippage, 4 orders: −$268.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$307.23
Costs to cover: 2.889%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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, 6 min ago	2.75 bp	9.9 bp −$10	13.8 bp −$138	23.0 bp −$2,305	111.8 bp −$55.9K
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.05 bp	135.1 bp −$135	584.7 bp −$5,847	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	−0.3243%	1h	1,457.4	−1.407%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0099%	8h	1,477.9	−0.019%	$29.8M	$71.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,479.5	+0.085%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,480	+0.122%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.4	+0.008%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,479.1	+0.060%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0007%	1h	1,479.5	+0.084%	$5.3M	—	150x
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,478.7	+0.032%	$296K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,480.1	+0.123%	$8K	$7K	5x	as long as short
Bybit ZECUSDT	+0.0092%	8h	1,479.4	+0.080%	$263.5M	$598.0M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,475.1	−0.211%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,479.7	+0.102%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0054%	1h	1,478.6	+0.028%	$440K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,479.3	+0.073%	$11K	$824K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,479.3	+0.075%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,479.9	+0.110%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,480.2	+0.134%	$772.2M	$421.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,479.6	+0.094%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,479.9	+0.115%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,479.6	+0.096%	$686.8M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,479.1	+0.062%	$179.6M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	−0.245%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.393%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,479.4	+0.076%	$53.7M	$172.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,479.6	+0.093%	$229.1M	$765.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,480.2	+0.134%	$105.5M	$53.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,479.7	+0.099%	$166.9M	$269.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,479.9	+0.110%	—	$112.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	−0.307%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	−0.219%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.9	−0.020%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.358%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,479.1	+0.062%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,479.5	+0.086%	$365K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,479.4	+0.081%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,477.8	−0.028%	$451K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.6	+0.161%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,478.4	+0.009%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.2	−0.071%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,478.6	+0.024%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,479.5	+0.083%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,478.8	+0.039%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,481.1	+0.192%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0125%	1h	1,479.4	+0.082%	$623K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0145%	1h	1,478.2	long leg	$18.1M	$45.6M	25x
RISEx ZEC/USDC	+0.0154%	1h	1,479.9	+0.116%	$934K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,480.8	+0.177%	$19.6M	$44.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0403%	1h	1,480.6	+0.157%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,480.3	+0.141%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,480.9	+0.179%	$655K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0707%	1h	1,476	−0.150%	$45K	$49K	10x	as long as short