Funding you earn now, next payment 22:46 UTC−0.0225%/8h= −24.6% APRpaid last 24h +0.001%
Price spread now: Kraken Futures against Perpl+0.014%7-day average +0.094% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 3 days (all we have)+0.249%+$25 · spread now +0.014%, 7d avg +0.094%
=Together, before fees+0.006%+ Points / potential airdropPerpl: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.080% cheaper against Perpl than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,470.5 | 0 | get 0.0000% / 43m | 41m 39s | $84K | $404K | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,470.7 | −0.0225 | pay 0.0028% / 1h | 45m 39s | $17.9M | $44.4M | 25x |
Perpl ZEC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Perpl. 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
- −$47.26
- Price spread: +0.014% → +0.094%
- −$8.03
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$79.09
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Perpl: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 2.14 bp | 9.5 bp −$10 | 14.7 bp −$147 | 22.0 bp −$2,199 | 112.7 bp −$56.3K |
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 | −0.3089% | 1h | 1,472.8 | +0.158% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0225% | 1h | 1,470.7 | +0.014% | $17.9M | $44.4M | 25x | |
| ApeX Omni ZECUSDT | −0.0190% | 1h | 1,472.5 | +0.133% | $432K | $830K | 50x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0190% | 1h | 1,468.5 | −0.136% | $398K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,468 | −0.173% | $29.4M | $75.3M | 75x | as long as short |
| Bybit ZECUSDT | −0.0093% | 8h | 1,468.9 | −0.107% | $273.7M | $657.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.9 | −0.043% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | +0.088% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.1 | −0.027% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.2 | −0.156% | $902K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Ondo Perps ZEC-USD.P
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 ZEClong | 0.0000% | 43m | 1,470.5 | long leg | $84K | $404K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.9 | +0.024% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,470.7 | +0.013% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.1 | +0.175% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,470.3 | −0.015% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0036% | 8h | 1,469.6 | −0.061% | $180.4M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,469.8 | −0.048% | $50.6M | $184.7M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0011% | 1h | 1,470.8 | +0.019% | $365K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,471.5 | +0.065% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.6 | −0.061% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,468.4 | −0.140% | $13K | $830K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.6 | −0.063% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.2 | −0.021% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471 | +0.034% | $762.6M | $475.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470 | −0.034% | $15.1M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.4 | −0.005% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.8 | −0.046% | $680.9M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.1 | +0.041% | $722K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | +0.102% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.9 | −0.041% | $224.1M | $833.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470 | −0.036% | $103.8M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.8 | −0.047% | $162.7M | $302.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.8 | −0.050% | — | $102.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | +0.168% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.8 | +0.224% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,471.1 | +0.043% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.3 | −0.014% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.4 | −0.007% | $127K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.1 | −0.094% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.8 | +0.153% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.001% | $238K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.5 | −0.002% | $2.5M | $23.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.6 | +0.010% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470 | −0.032% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.9 | +0.029% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0108% | 1h | 1,471.6 | +0.073% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,470.3 | −0.014% | $824K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0416% | 1h | 1,471.4 | +0.063% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.2 | +0.114% | $3.8M | $10.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0536% | 1h | 1,472.1 | +0.109% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0659% | 1h | 1,472.2 | +0.112% | $46K | $47K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
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-USDT
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
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD