Funding you earn now, next payment 00:00 UTC−0.2864%/8h= −313.6% APRnext payment −$3.58 per $10,000 · paid last 24h −0.429%
Price spread now: Injective against Kraken Futures+0.145%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.926%−$193 on $10k
+Price spread, last 3 days (all we have)−0.840%−$84 · spread now +0.145%, 7d avg +0.050%
=The price spread pays, funding is against you. Injective is 0.095% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of +0.050%): +$9 on $10k if it goes back. Holding the pair costs −$86 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−1.926% in total) that is about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.926% in total (about -100.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.58 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 | 1,469.3 | −0.0225 | get 0.0028% / 1h | 44m 53s | $17.9M | $44.3M | 25x |
| Short | Injective ZEC/USDC PERP | 1,471.5 | −0.3089 | pay 0.0386% / 1h | 44m 53s | $34K | $275K | 12x |
Kraken Futures PF_ZECUSD
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$601.35
- Price spread: +0.145% → +0.050%
- $9.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$601.88
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; Injective: live order book, 34 min ago. Net counts fees only.
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, 4 min ago | 2.14 bp | 9.4 bp −$9 | 12.4 bp −$124 | 18.5 bp −$1,846 | 99.6 bp −$49.8K |
| Sell Injective live order book, 34 min ago | 64.22 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3089% | 1h | 1,471.5 | +0.145% | $34K | $275K | 12x | |
| Kraken Futures PF_ZECUSDlong | −0.0225% | 1h | 1,469.3 | long leg | $17.9M | $44.3M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0190% | 1h | 1,468.5 | −0.058% | $398K | $515K | 5x | as long as short |
| ApeX Omni ZECUSDT | −0.0144% | 1h | 1,467.5 | −0.124% | $430K | $830K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,469.3 | −0.005% | $29.6M | $75.3M | 75x | as long as short |
| Bybit ZECUSDT | −0.0093% | 8h | 1,468 | −0.092% | $273.8M | $657.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.2 | +0.060% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0043% | 8h | 1,468.6 | −0.051% | $46.8M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.1 | +0.052% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,470.3 | +0.066% | $902K | $5.6M | 2.2x | as long as short |
Ondo Perps ZEC-USD.P
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,469.7 | +0.027% | $83K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,470.2 | +0.056% | $613K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,469.7 | +0.025% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,469.3 | −0.001% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.7 | +0.089% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0036% | 8h | 1,468.7 | −0.042% | $180.3M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,470.3 | +0.061% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,469 | −0.027% | $50.6M | $184.7M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0011% | 1h | 1,469.6 | +0.020% | $365K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,470.7 | +0.092% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.5 | +0.011% | $177K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,468.4 | −0.062% | $13K | $830K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.6 | +0.015% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.4 | +0.072% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470 | +0.044% | $762.1M | $475.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.1 | −0.017% | $15.1M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.4 | +0.073% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.9 | −0.033% | $680.5M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.1 | +0.119% | $722K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | +0.181% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.2 | −0.011% | $223.7M | $833.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.1 | −0.019% | $103.7M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.9 | −0.029% | $162.6M | $302.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,468.5 | −0.058% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | +0.247% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.8 | +0.303% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.1 | +0.121% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.5 | +0.010% | $345K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.3 | −0.002% | $127K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.8 | −0.107% | $447K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472 | +0.179% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469 | −0.023% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.9 | −0.033% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.8 | +0.030% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.2 | −0.011% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.3 | −0.003% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,470.3 | +0.065% | $824K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0426% | 1h | 1,469.7 | +0.025% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.6 | +0.219% | $3.8M | $10.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0528% | 1h | 1,471.2 | +0.129% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0663% | 1h | 1,471.8 | +0.170% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
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