Funding you earn now, next payment 00:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.029%
Price spread now: Gate against Kraken Futures−0.045%51s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$420.421% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 3 days (all we have)−0.275%−$28 · spread now −0.045%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 51 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 0.137% in total (about 7.2% a year). A funding rate is set anew for every payment. 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 | 1,472.5 | −0.0225 | get 0.0028% / 1h | 18m 26s | $17.9M | $44.2M | 25x |
| Short | Gate ZEC_USDT | 1,471.9 | 0.0047 | get 0.0047% / 8h | 18m 26s | $51.2M | $187.3M | 75x |
Kraken Futures PF_ZECUSD
Gate ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $57.07
- Price spread: −0.045% → −0.040%
- −$0.53
- Slippage, 4 orders
- −$17.13
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $14.41
- Costs to cover
- 0.421%
- Break-even
- 5.2 days
Slippage from Kraken Futures: live order book, 6 min ago; Gate: live order book, 6 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 | 0.03 bp | 8.0 bp −$8 | 11.7 bp −$117 | 19.2 bp −$1,921 | 93.0 bp −$46.5K |
| Sell Gate live order book, 6 min ago | 0.44 bp | 12.0 bp −$12 | 18.4 bp −$184 | 34.4 bp −$3,442 | 60.3 bp −$30.1K |
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 | −0.3089% | 1h | 1,474.2 | +0.115% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0265% | 1h | 1,473.3 | +0.054% | $399K | $523K | 5x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0225% | 1h | 1,472.5 | long leg | $17.9M | $44.2M | 25x | |
| Bybit ZECUSDT | −0.0114% | 8h | 1,470.8 | −0.113% | $274.5M | $652.6M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0106% | 8h | 1,472.6 | +0.006% | $29.7M | $75.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.6 | +0.009% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,472.2 | −0.019% | $47.2M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.1 | +0.040% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.9 | +0.095% | $959K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | −0.018% | $84K | $407K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | 0.0000% | 1h | 1,469.2 | −0.222% | $431K | $843K | 50x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472 | −0.034% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,472.7 | +0.012% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,471.3 | −0.084% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471.2 | −0.089% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0034% | 1h | 1,473.6 | +0.077% | $615K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,471.4 | −0.077% | $180.9M | $1.34B | 50x | as long as short |
| Gate ZEC_USDTshort | +0.0047% | 8h | 1,471.9 | −0.045% | $51.2M | $187.3M | 75x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471.9 | −0.044% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.7 | +0.082% | $19.2M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.4 | −0.010% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.3 | −0.083% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.3 | −0.017% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.3 | +0.052% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.1 | +0.040% | $763.3M | $472.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.6 | +0.004% | $15.0M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.1 | +0.037% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.7 | −0.058% | $682.8M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.9 | +0.097% | $696K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.5 | +0.067% | $896K | $39K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.8 | −0.045% | $221.7M | $842.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.5 | +0.001% | $103.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472 | −0.035% | $163.2M | $301.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.7 | −0.054% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | −0.308% | $511K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470 | −0.169% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.4 | +0.062% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472 | −0.035% | $336K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.3 | −0.084% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.9 | −0.109% | $458K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.7 | +0.147% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.6 | +0.006% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.7 | +0.078% | $2.5M | $22.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.1 | +0.041% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,473 | +0.030% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.7 | +0.015% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.1 | +0.038% | $826K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0417% | 1h | 1,473.2 | +0.047% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474.9 | +0.160% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0464% | 1h | 1,474.9 | +0.161% | $2.0M | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0753% | 1h | 1,473.1 | +0.039% | $46K | $47K | 10x | as long as short |
ApeX Omni ZECUSDT
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD