Funding you earn now, next payment 07:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.058%
Price spread now: Kraken Futures against Pacifica−0.287%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$310.315% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.616%+$62 · spread now −0.287%, 7d avg +0.017%
=Together, before fees+0.639%+ Points / potential airdropPacifica: Active · farm board+$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.305% cheaper against Pacifica than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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 | Pacifica ZEC | 1,487.4 | 0.0100 | pay 0.0013% / 1h | 50m 37s | $1.7M | $2.4M | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,483.1 | −0.0097 | pay 0.0012% / 1h | 50m 37s | $18.0M | $46.4M | 25x |
Pacifica ZEC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Pacifica. 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
- −$41.34
- Price spread: −0.287% → +0.017%
- −$30.47
- Slippage, 4 orders
- −$13.46
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$103.27
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 3 min ago; Kraken Futures: live order book, 4 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 Pacifica live order book, 3 min ago | 1.41 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.50 bp | 10.4 bp −$10 | 13.1 bp −$131 | 20.6 bp −$2,064 | 107.4 bp −$53.7K |
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 | −0.3684% | 1h | 1,491.6 | +0.282% | $34K | $273K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0140% | 1h | 1,485.7 | −0.112% | $411K | $932K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0117% | 8h | 1,483 | −0.293% | $30.6M | $73.6M | 75x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | +0.219% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0097% | 1h | 1,483.1 | −0.287% | $18.0M | $46.4M | 25x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,485.8 | −0.105% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,486.3 | −0.071% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,483.6 | −0.258% | $1.6M | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,482.4 | −0.338% | $61K | $294K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,483.1 | −0.288% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0072% | 8h | 1,483 | −0.295% | $298K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,487.9 | +0.036% | $157K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,482.7 | −0.314% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,487.2 | −0.016% | $14.1M | $30.7M | 75x | as long as short |
| Pacifica ZEClong | +0.0100% | 1h | 1,487.4 | long leg | $1.7M | $2.4M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,487.4 | +0.002% | $692.7M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,487.4 | 0.000% | $270.4M | $627.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,487.3 | −0.005% | $179.9M | $1.32B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,487 | −0.026% | $405K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,487.8 | +0.024% | $54.1M | $179.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,487.2 | −0.012% | $234.3M | $774.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,487.4 | +0.003% | $102.2M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,487.5 | +0.009% | $160.5M | $287.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,484.9 | −0.167% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,484.7 | −0.184% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,483 | −0.297% | $48.4M | $33.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,488.1 | +0.050% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,485.4 | −0.135% | $3.1M | $477K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,486.2 | −0.081% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,482.6 | −0.322% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,483.4 | −0.270% | $163K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,482.2 | −0.346% | $453K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,485.3 | −0.141% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,483.3 | −0.278% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,482.8 | −0.312% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,483.7 | −0.246% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,487.6 | +0.011% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,488 | +0.038% | $11K | $862K | 10x | as long as short |
| Hyperliquid ZEC | +0.0103% | 1h | 1,488 | +0.041% | $772.8M | $439.7M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,487.5 | +0.008% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,483.3 | −0.273% | $45K | $149K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,487.8 | +0.029% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0120% / S −0.0104% | 1h | 1,483.1 | −0.290% | $430K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,487.7 | +0.023% | $930K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,490.8 | +0.231% | $4.7M | $1.4M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,489.5 | +0.141% | $626K | $8.6M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0248% | 1h | 1,489.5 | +0.145% | $48K | $63K | 10x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,488.9 | +0.103% | $19.4M | $45.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0276% | 1h | 1,484.1 | −0.221% | $706K | $1.4M | 25x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,488 | +0.041% | $2.1M | $7.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,484.8 | −0.174% | $3.6M | $9.9M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Hyperliquid ZEC
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Phoenix ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX