Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.028%
Price spread now: Kraken Futures against Orderly+0.033%7-day average +0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.033%, 7d avg +0.022%
=The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZEC_USDC | 1,470.9 | 0.0030 | pay 0.0030% / 8h | 6h 16m | $294K | $1.0M | 20x |
| Short | Kraken Futures PF_ZECUSD | 1,471.4 | −0.0002 | pay 0.0000% / 1h | 16m 17s | $18.1M | $43.8M | 25x |
Orderly PERP_ZEC_USDC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- −$6.8
- Price spread: +0.033% → +0.022%
- $1.15
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$21.64
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 3 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 1.09 bp | 9.8 bp −$10 | 14.2 bp −$142 | 21.3 bp −$2,128 | 104.6 bp −$52.3K |
Orderly: 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 50 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 | −0.3678% | 1h | 1,459.6 | −0.771% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.8 | +0.063% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0016% | 1h | 1,472.5 | +0.109% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0002% | 1h | 1,471.4 | +0.033% | $18.1M | $43.8M | 25x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.9 | +0.066% | $414K | $53K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.5 | +0.245% | $975K | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.1 | +0.082% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.3 | +0.024% | $5.2M | — | 150x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0025% | 1h | 1,471.7 | +0.054% | $612K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDClong | +0.0030% | 8h | 1,470.9 | long leg | $294K | $1.0M | 20x |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Deribit ZEC_USDC-PERPETUALShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,471.3 | +0.026% | $385K | — | 100x | as long as short |
| Variational Omni ZEC | +0.0055% | 8h | 1,474.3 | +0.229% | $48.1M | $32.6M | — | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,472.1 | +0.080% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,474.7 | +0.258% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0096% | 8h | 1,470.1 | −0.052% | $181.2M | $1.27B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.8 | +0.063% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,471.5 | +0.044% | $11K | $841K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.1 | +0.085% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.4 | +0.100% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.7 | +0.123% | $767.2M | $443.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.3 | +0.026% | $14.8M | $30.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.8 | +0.129% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.8 | −0.004% | $680.6M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,470.2 | −0.048% | $271.5M | $615.3M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.128% | $894K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,471.4 | +0.037% | $50.2M | $176.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.6 | −0.023% | $216.1M | $801.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.5 | −0.027% | $103.3M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.2 | +0.021% | $163.4M | $282.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,471.8 | +0.065% | — | $100.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473.6 | +0.185% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.3 | +0.229% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.1 | +0.218% | $429K | $895K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.4 | +0.032% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.5 | +0.041% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.3 | +0.030% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.7 | −0.080% | $457K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.2 | +0.226% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.9 | −0.003% | $242K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.2 | +0.088% | $2.5M | $18.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471.6 | +0.049% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471 | +0.006% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.9 | 0.000% | $48K | $162K | 20x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,472.4 | +0.100% | $19.2M | $48.2M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,473.6 | +0.182% | $693K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,472.7 | +0.125% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,472.8 | +0.128% | $866K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0460% | 1h | 1,471.8 | +0.065% | $2.5M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,473 | +0.145% | $3.6M | $9.3M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0746% | 1h | 1,473.5 | +0.175% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
Variational Omni ZEC
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD