Funding you earn now, next payment 03:48 UTC−0.0334%/8h= −36.5% APRpaid last 24h +0.029%
Price spread now: Perpl against Kraken Futures−0.065%7-day average −0.089% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.219%+$22 on $10k
+Price spread, last 4 days (all we have)−0.360%−$36 · spread now −0.065%, 7d avg −0.089%
=Together, before fees−0.141%+ Points / potential airdropPerpl: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.024% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.089%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.219%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.219% in total (about 11.4% 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 | 1,452 | 0.0334 | pay 0.0042% / 1h | 44m 49s | $18.0M | $45.2M | 25x |
| Short | Perpl ZEC | 1,451 | 0 | get 0.0000% / 43m | 41m 49s | $83K | $240K | 10x |
Kraken Futures PF_ZECUSD
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$70.08
- Price spread: −0.065% → −0.089%
- $2.44
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$91.43
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; Perpl: no order-book sample. 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 | 1.13 bp | 9.7 bp −$10 | 12.1 bp −$121 | 18.9 bp −$1,885 | 119.5 bp −$59.8K |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 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 | −0.3042% | 1h | 1,453.4 | +0.098% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.6 | −0.022% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,452.1 | +0.009% | $29.4M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.8 | −0.008% | $409K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.8 | +0.059% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,451 | −0.065% | $83K | $240K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,451.8 | −0.010% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,451.9 | −0.001% | $290K | $943K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0079% / S −0.0029% | 1h | 1,451.4 | −0.038% | $432K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,453.5 | +0.104% | $2.1M | $7.0M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.5 | +0.036% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,452.1 | +0.010% | $13K | $852K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.7 | +0.052% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.3 | +0.093% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,452.3 | +0.026% | $14.6M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453 | +0.069% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.9 | +0.062% | $667.2M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,452.3 | +0.025% | $260.9M | $600.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.8 | +0.060% | $177.8M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,450.5 | −0.101% | $394K | $439K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | +0.141% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,452.8 | +0.061% | $50.6M | $170.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453.1 | +0.078% | $216.3M | $766.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.6 | +0.110% | $102.5M | $53.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.1 | +0.081% | $165.1M | $270.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,452.6 | +0.045% | — | $105.5M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,450.4 | −0.105% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,451.6 | −0.023% | $565K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454 | +0.140% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.1 | +0.006% | $401K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.5 | −0.035% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.3 | +0.023% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.4 | −0.040% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,450.7 | −0.084% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.7 | +0.189% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452 | +0.003% | $232K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.8 | −0.012% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.7 | +0.052% | $3.8M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,453.2 | +0.088% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.7 | −0.016% | $47K | $151K | 20x | as long as short |
| Hyperliquid ZEC | +0.0108% | 1h | 1,454.3 | +0.161% | $756.5M | $428.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,452.9 | +0.064% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,452.9 | +0.063% | $4.6M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0116% | 1h | 1,452.5 | +0.039% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,453.6 | +0.110% | $19.1M | $44.7M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0200% | 1h | 1,452.6 | +0.043% | $613K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,452.6 | +0.047% | $918K | $1.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0334% | 1h | 1,452 | long leg | $18.0M | $45.2M | 25x | |
| Arcus ZEC-USD | +0.0344% | 1h | 1,454.6 | +0.182% | $693K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,454 | +0.143% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0672% | 1h | 1,453.4 | +0.101% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
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
Hyperliquid ZEC
01 Exchange ZECUSD
Phoenix ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD