Funding you earn now, next payment 01:00 UTC−0.0443%/8h= −48.5% APRpaid last 24h −0.032%
Price spread now: Kraken Futures against Bitget+0.025%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 3 days (all we have)+0.234%+$23 · spread now +0.025%, 7d avg +0.042%
=The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$13 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 -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment. 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 | Bitget ZECUSDT | 1,470.5 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $163.6M | $293.2M | 75x |
| Short | Kraken Futures PF_ZECUSD | 1,470.8 | −0.0343 | pay 0.0043% / 1h | 31m 44s | $17.9M | $43.0M | 25x |
Bitget ZECUSDT
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$92.94
- Price spread: +0.025% → +0.042%
- −$1.74
- Slippage, 4 orders
- −$9.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$126.6
- Costs to cover
- 0.319%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Bitget live order book, 2 min ago | 0.03 bp | 6.8 bp −$7 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 1.57 bp | 9.8 bp −$10 | 14.1 bp −$141 | 22.8 bp −$2,276 | 104.2 bp −$52.1K |
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 | −0.3321% | 1h | 1,470.2 | −0.018% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0343% | 1h | 1,470.8 | +0.025% | $17.9M | $43.0M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0142% | 1h | 1,468.5 | −0.133% | $399K | $519K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,470.4 | −0.004% | $29.8M | $73.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.5 | +0.005% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0062% | 8h | 1,469 | −0.097% | $273.9M | $635.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0056% | 8h | 1,468.2 | −0.155% | $47.6M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.9 | −0.038% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.7 | +0.153% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.9 | −0.038% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.8 | +0.022% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,470.6 | +0.012% | $294K | $1.3M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,470.1 | −0.027% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0048% | 8h | 1,469.3 | −0.078% | $181.8M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.8 | +0.022% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,470.7 | +0.018% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.9 | −0.041% | $176K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,469.4 | −0.072% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.3 | −0.081% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470 | −0.034% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.3 | +0.057% | $763.0M | $454.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470 | −0.028% | $14.9M | $31.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.3 | −0.008% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.4 | −0.071% | $683.7M | $2.38B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471 | +0.037% | $697K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471 | +0.036% | $895K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,470 | −0.032% | $51.2M | $179.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.4 | −0.007% | $231.2M | $825.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.3 | −0.010% | $105.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDTlong | +0.0100% | 8h | 1,470.5 | long leg | $163.6M | $293.2M | 75x | |
| BingX ZEC-USDT | +0.0100% | 8h | 1,470.2 | −0.016% | — | $100.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.4 | −0.139% | $571K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | −0.146% | $3.0M | $466K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470 | −0.035% | $430K | $860K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.033% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.2 | −0.018% | $333K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.5 | +0.005% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.9 | −0.103% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472 | +0.105% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.6 | +0.007% | $242K | $4.0M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.099% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471 | +0.037% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.3 | −0.012% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.4 | −0.006% | $56K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0140% | 1h | 1,471.4 | +0.066% | $605K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,471.9 | +0.097% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,470 | −0.034% | $850K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,471.3 | +0.054% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0523% | 1h | 1,471.1 | +0.044% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0778% | 1h | 1,471.3 | +0.056% | $44K | $47K | 10x | as long as short |
| Lighter RH ZEC | +0.0800% | 1h | 1,472.8 | +0.159% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
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
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
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
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC