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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0506%/8h= −55.5% APRnext payment −$0.63 per $10,000 · paid last 24h −0.031%
Price spread now: Kraken Futures against Aevo+0.028%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Long on AevoShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.326%−$33 on $10k
Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.028%, 7d avg +0.030%
Together, before fees−0.327%−$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ZEC-PERP1,472.40.0104pay 0.0013% / 1h5m 46s$37K$366K20x
ShortKraken Futures PF_ZECUSD1,472.8−0.0402pay 0.0050% / 1h5m 46s$17.9M$44.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$106.36
Price spread: +0.028% → +0.030%
−$0.21
Slippage, 4 orders
−$27.62
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$160.19
Costs to cover
0.536%
Break-even
never at this rate
Slippage from Aevo: live order book, 13 min ago; Kraken Futures: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 13 min ago6.55 bp16.2 bp −$1622.2 bp −$22235.0 bp −$3,498doesn't fit
Sell Kraken Futures live order book, 3 min ago0.68 bp9.2 bp −$915.3 bp −$15322.5 bp −$2,253111.9 bp −$56.0K

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3310%1h1,469.5−0.197%$34K$275K12xas long as short
Kraken Futures PF_ZECUSDshort−0.0402%1h1,472.8+0.028%$17.9M$44.9M25x
Ondo Perps ZEC-USD.P−0.0256%1h1,466.9−0.375%$398K$515K5xas long as short
BloFin ZEC-USDT−0.0118%8h1,469.8−0.182%$29.3M$75.6M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,471.3−0.078%$6K$2K10xas long as short
Bybit ZECUSDT−0.0075%8h1,471.7−0.050%$272.4M$665.7M75xas long as short
Variational Omni ZEC−0.0034%8h1,466.7−0.390%$46.6M$33.4M—as long as short
dYdX ZEC-USD0.0000%1h1,471.1−0.093%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,472.6+0.014%$889K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,472.5+0.006%$84K$404K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,473+0.040%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0009%8h1,472.6+0.015%$294K$1.4M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0038% / S +0.0009%1h1,472.7+0.020%$360K—100xas long as short
OKX ZEC-USDT-SWAP+0.0041%8h1,472.3−0.006%$178.4M$1.35B50xas long as short
Gate ZEC_USDT+0.0046%8h1,472.6+0.013%$50.3M$187.5M75xas long as short
01 Exchange ZECUSD+0.0064%1h1,473.4+0.068%$8K$8K5xas long as short
Phoenix ZEC+0.0075%1h1,468.2−0.286%$4.6M$1.6M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0083%1h1,473.4+0.064%$599K$1.3M25xas long as short
Popdex ZECUSDT+0.0096%1h1,472.9+0.034%$176K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,473.3+0.059%$11K$828K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,472.6+0.011%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,473.1+0.049%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,473.5+0.073%$764.6M$478.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,472.7+0.019%$15.6M$32.4M75xas long as short
Pacifica ZEC+0.0100%1h1,472.3−0.008%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,472.6+0.013%$679.6M$2.47B75xas long as short
Bulk ZEC-USD+0.0100%1h1,467.7−0.318%$906K$27K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,472.9+0.029%$223.6M$872.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.9+0.032%$104.0M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472.4+0.001%$162.9M$304.1M75xas long as short
BingX ZEC-USDC+0.0100%8h1,471.5−0.066%—$6.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,467.4−0.338%$511K$9.3M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,468.9−0.239%$3.0M$482K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,469.3−0.216%$431K$826K50xas long as short
StandX ZEC-USD+0.0100%1h1,470−0.168%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,472.6+0.012%$347K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,472.6+0.012%$128K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,471.1−0.089%$449K$502K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,474.7+0.154%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,472.6+0.013%$226K$4.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,472.7+0.019%$2.5M$23.5M75xas long as short
Phemex ZECUSDT+0.0100%8h1,473.3+0.059%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,473.2+0.051%$3.3M$6.9M10xas long as short
Aevo ZEC-PERPlong+0.0104%1h1,472.4long leg$37K$366K20x
Lighter ZEC+0.0120%1h1,474.2+0.120%$19.1M$52.8M20xas long as short
RISEx ZEC/USDC+0.0190%1h1,473.3+0.056%$835K$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0199%1h1,473.9+0.097%$2.4M$3.7M15xas long as short
Lighter RH ZEC+0.0408%1h1,475.1+0.180%$2.0M$8.3M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,475.1+0.180%$3.8M$11.5M50xas long as short
Arcus ZEC-USD+0.0444%1h1,473.5+0.070%$718K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0604%1h1,469.6−0.189%$41K$34K10xas long as short