Funding you earn now, next payment 23:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.018%
Price spread now: Kraken Futures against Bybit−0.010%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days−0.359%−$36 on $10k
+Price spread, last 3 days (all we have)+0.487%+$49 · spread now −0.010%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Kraken Futures is 0.058% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,463.3 | −0.0045 | get 0.0045% / 8h | 1h 48m | $270.4M | $675.9M | 75x |
| Short | Kraken Futures PF_ZECUSD | 1,463.2 | −0.0405 | pay 0.0051% / 1h | 48m 35s | $17.8M | $44.7M | 25x |
Bybit ZECUSDT
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$75.64
- Price spread: −0.010% → +0.048%
- −$5.82
- Slippage, 4 orders
- −$10.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$113.12
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Kraken Futures: live order book, 6 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 Bybit live order book, 6 min ago | 0.03 bp | 5.8 bp −$6 | 9.2 bp −$92 | 19.9 bp −$1,986 | 38.8 bp −$19.4K |
| Sell Kraken Futures live order book, 6 min ago | 2.98 bp | 11.1 bp −$11 | 17.0 bp −$170 | 29.1 bp −$2,906 | 149.6 bp −$74.8K |
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 | −0.3310% | 1h | 1,462.9 | −0.026% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0405% | 1h | 1,463.2 | −0.010% | $17.8M | $44.7M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0110% | 1h | 1,459.3 | −0.275% | $397K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,463.6 | +0.021% | $29.2M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,463.2 | −0.010% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDTlong | −0.0045% | 8h | 1,463.3 | long leg | $270.4M | $675.9M | 75x | |
| Variational Omni ZEC | −0.0023% | 8h | 1,459.1 | −0.286% | $46.4M | $34.1M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0002% | 1h | 1,461.6 | −0.121% | $429K | $817K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,464.2 | +0.062% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462.9 | −0.027% | $889K | $5.7M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,462.2 | −0.079% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.3 | +0.001% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,463.1 | −0.013% | $559K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,462.9 | −0.027% | $293K | $1.5M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,463.7 | +0.027% | $175.4M | $1.36B | 50x | as long as short |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | −0.188% | $899K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0059% | 8h | 1,463.8 | +0.031% | $49.7M | $183.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,464.7 | +0.091% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,459.6 | −0.253% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0082% | 1h | 1,463.7 | +0.029% | $596K | $1.3M | 25x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,464.2 | +0.061% | $14K | $864K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,465.5 | +0.151% | $18.9M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464.3 | +0.066% | $174K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463.8 | +0.030% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.1 | +0.125% | $2.5M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,464.9 | +0.108% | $758.9M | $489.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463.8 | +0.034% | $15.4M | $33.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,464.5 | +0.081% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,464.3 | +0.064% | $671.6M | $2.52B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463.9 | +0.038% | $219.9M | $852.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.8 | +0.036% | $103.2M | $56.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463.7 | +0.025% | $162.3M | $308.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,463.6 | +0.019% | — | $103.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.8 | −0.238% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,458.9 | −0.302% | $3.0M | $492K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,463.3 | −0.003% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463 | −0.022% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.9 | −0.030% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,461.4 | −0.129% | $446K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,465.2 | +0.128% | $4K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.1 | −0.016% | $222K | $4.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463 | −0.022% | $2.4M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,463.5 | +0.015% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,464.2 | +0.058% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.2 | −0.012% | $36K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,464.5 | +0.083% | $842K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0214% | 1h | 1,464.5 | +0.081% | $2.3M | $4.0M | 15x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,466 | +0.182% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,465.4 | +0.142% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,465 | +0.117% | $740K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0518% | 1h | 1,463.3 | 0.000% | $40K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
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
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD