Funding you earn now, next payment 08:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.052%
Price spread now: SoDEX against Kraken Futures−0.048%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 3 days (all we have)+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.048%, 7d avg −0.026%
=Funding pays, the price is against you. SoDEX is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.026%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.044% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,522.9 | 0.0011 | pay 0.0001% / 1h | 8m 34s | $18.3M | $47.7M | 25x |
| Short | SoDEX ZEC-USD | 1,522.2 | 0.0100 | get 0.0013% / 1h | 8m 34s | $257K | $3.6M | 10x |
Kraken Futures PF_ZECUSD
SoDEX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $18.6
- Price spread: −0.048% → −0.026%
- −$2.21
- Slippage, 4 orders
- −$11.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$13.4
- Costs to cover
- 0.298%
- Break-even
- 12.0 days
Slippage from Kraken Futures: live order book, 6 min ago; SoDEX: live order book, just now.
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 | 2.82 bp | 9.3 bp −$9 | 12.3 bp −$123 | 20.9 bp −$2,094 | 185.8 bp −$92.9K |
| Sell SoDEX live order book, just now | 0.03 bp | 6.8 bp −$7 | 16.7 bp −$167 | 105.3 bp −$10.5K | 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 | −0.3442% | 1h | 1,514.7 | −0.541% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,517.9 | −0.330% | $62K | $306K | 10x | as long as short |
| Bulk ZEC-USD | −0.0412% | 1h | 1,508.1 | −0.974% | $776K | $147K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0193% | 8h | 1,522.2 | −0.050% | $31.3M | $77.2M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0091% | 1h | 1,508 | −0.980% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,522.7 | −0.014% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.4 | −0.432% | $421K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,520.3 | −0.174% | $1.7M | $4.9M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,522.7 | −0.016% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0011% | 1h | 1,522.9 | long leg | $18.3M | $47.7M | 25x |
Injective ZEC/USDC PERP
Perpl ZEC
Bulk ZEC-USD
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0053% | 1h | 1,505.3 | −1.159% | $412K | $558K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,515.2 | −0.508% | $8K | $6K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,522.1 | −0.057% | $306K | $863K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,510.1 | −0.844% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,515.1 | −0.513% | $176K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,515.1 | −0.513% | $16K | $895K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.6 | −0.415% | $63K | $19K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,515.5 | −0.487% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,518.1 | −0.318% | $794.7M | $442.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,514.8 | −0.535% | $14.2M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,516.8 | −0.404% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,515 | −0.522% | $708.6M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,514.2 | −0.578% | $273.3M | $625.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,514.3 | −0.565% | $183.2M | $1.38B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,515.4 | −0.499% | $59.7M | $189.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,515.6 | −0.483% | $221.4M | $814.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,516.9 | −0.398% | $103.8M | $56.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,515.4 | −0.496% | $164.1M | $292.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,515.1 | −0.519% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,508.2 | −0.968% | $49.7M | $34.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,509 | −0.915% | $578K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,508.3 | −0.961% | $3.1M | $519K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,509 | −0.914% | $415K | $947K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,515 | −0.524% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,522.1 | −0.056% | $410K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,522.7 | −0.017% | $170K | $193K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,521.2 | −0.115% | $464K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,524.7 | +0.112% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDshort | +0.0100% | 1h | 1,522.2 | −0.048% | $257K | $3.6M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,521.8 | −0.077% | $2.7M | $21.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,521.3 | −0.106% | $4.1M | $4.9M | 50x | as long as short |
| Lighter RH ZEC | +0.0104% | 1h | 1,518 | −0.325% | $2.1M | $7.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,515.4 | −0.497% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,521.6 | −0.089% | $44K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,515.2 | −0.506% | $959K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0149% / S −0.0151% | 1h | 1,522.5 | −0.029% | $335K | — | 100x | as long as short |
| Lighter ZEC | +0.0160% | 1h | 1,518 | −0.327% | $19.7M | $46.9M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0321% | 1h | 1,523.4 | +0.030% | $696K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,515.3 | −0.499% | $598K | $8.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,523.4 | +0.028% | $3.7M | $9.9M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0502% | 1h | 1,522.9 | −0.004% | $2.4M | $3.7M | 15x | as long as short |
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
HTX ZEC-USDT
Phemex ZECUSDT
Lighter RH ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP