ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0147%/8h= +16.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.051%

Price spread now: Kraken Futures against Deribit−0.045%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.045%, 7d avg −0.035%

Together, before fees−0.278%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.289%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ZEC_USDC-PERPETUAL	1,467.8	0	get 0.0000% / 1h	48m 58s	$618K	$1.3M	25x
Short	Kraken Futures PF_ZECUSD	1,467.1	0.0147	get 0.0018% / 1h	48m 58s	$18.0M	$45.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.045%Rate

Funding earned: $30.77
Price spread: −0.045% → −0.035%: −$0.96
Slippage, 4 orders: −$21.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$8.41
Costs to cover: 0.382%
Break-even: 8.9 days

Slippage from Deribit: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Deribit live order book, 5 min ago	5.59 bp	9.1 bp −$9	14.8 bp −$148	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	1.98 bp	12.0 bp −$12	15.8 bp −$158	21.3 bp −$2,133	82.5 bp −$41.3K

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	−0.3243%	1h	1,469.3	+0.106%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	−0.010%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,467.3	−0.029%	$29.8M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.7	−0.001%	$408K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	+0.124%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.1	+0.021%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	0.0000%	1h	1,467.8	long leg	$618K	$1.3M	25x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.6	−0.012%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,468.1	+0.024%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,467	−0.053%	$293K	$900K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,465.6	−0.149%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0093% / S −0.0046%	1h	1,467.2	−0.037%	$437K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,468.7	+0.061%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468	+0.014%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.6	+0.060%	$12K	$797K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468.4	+0.041%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.9	+0.011%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.2	+0.031%	$764.4M	$418.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.9	−0.057%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.9	+0.010%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.8	−0.066%	$676.7M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,466.2	−0.107%	$262.6M	$586.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,466.4	−0.089%	$178.5M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,466.2	−0.106%	$398K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.4	−0.227%	$885K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,466.9	−0.055%	$52.7M	$169.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.8	−0.066%	$219.1M	$757.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.5	−0.014%	$103.3M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467	−0.051%	$166.7M	$267.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.7	−0.004%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,469.8	+0.139%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.8	−0.133%	$572K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.6	+0.055%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.8	+0.137%	$406K	$923K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.1	+0.022%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.6	−0.010%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.1	−0.041%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.2	−0.109%	$448K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470	+0.152%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467	−0.050%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.4	−0.095%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.5	−0.019%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.9	−0.056%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467	−0.051%	$47K	$151K	20x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0147%	1h	1,467.1	−0.045%	$18.0M	$45.6M	25x
Lighter ZEC	+0.0152%	1h	1,468	+0.014%	$19.4M	$43.8M	20x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,468.2	+0.029%	$928K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0301%	1h	1,467.6	−0.014%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,470.6	+0.197%	$3.8M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,469.4	+0.113%	$669K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,467.7	−0.004%	$45K	$49K	10x	as long as short