Funding you earn now, next payment 23:00 UTC−0.0504%/8h= −55.1% APRnext payment −$0.63 per $10,000 · paid last 24h −0.027%
Price spread now: Kraken Futures against Derive+0.140%7-day average +0.100% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.140%, 7d avg +0.100%
=The price spread pays, funding is against you. Kraken Futures is 0.040% dearer against Derive than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.100%): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.412% in total) that is about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,466.8 | 0.0100 | pay 0.0013% / 1h | 7m 23s | $447K | $502K | 6.7x |
| Short | Kraken Futures PF_ZECUSD | 1,468.9 | −0.0404 | pay 0.0050% / 1h | 7m 23s | $17.9M | $44.5M | 25x |
Derive ZEC-PERP
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Derive. 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
- −$105.75
- Price spread: +0.140% → +0.100%
- $3.95
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$117.8
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 2 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 Derive no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 2 min ago | 0.68 bp | 9.2 bp −$9 | 15.3 bp −$153 | 22.5 bp −$2,253 | 111.9 bp −$56.0K |
Derive: 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 | −0.3310% | 1h | 1,469.5 | +0.183% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0404% | 1h | 1,468.9 | +0.140% | $17.9M | $44.5M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0256% | 1h | 1,466.9 | +0.004% | $398K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0118% | 8h | 1,468.8 | +0.131% | $29.3M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.5 | +0.110% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0075% | 8h | 1,469 | +0.146% | $271.8M | $665.3M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,466.7 | −0.010% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.5 | +0.179% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.4 | +0.176% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.7 | +0.127% | $83K | $404K | 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 | +0.212% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,469.8 | +0.203% | $294K | $1.4M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0010% | 1h | 1,469.1 | +0.154% | $598K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,468.5 | +0.115% | $359K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,469.8 | +0.203% | $177.8M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,469.3 | +0.166% | $50.0M | $187.2M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,469 | +0.150% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.2 | +0.093% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.1 | +0.152% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,469.1 | +0.151% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.1 | +0.083% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.2 | +0.159% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.5 | +0.250% | $762.9M | $478.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.4 | +0.176% | $15.6M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.8 | +0.136% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.5 | +0.181% | $677.9M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.7 | +0.061% | $906K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.3 | +0.170% | $222.1M | $871.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.3 | +0.167% | $103.8M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.4 | +0.171% | $162.4M | $303.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.5 | +0.182% | — | $102.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.4 | +0.041% | $511K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.9 | +0.141% | $3.0M | $482K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.3 | +0.164% | $431K | $826K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,469.1 | +0.153% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.1 | +0.154% | $346K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.4 | +0.172% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,466.8 | long leg | $447K | $502K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471 | +0.283% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.4 | +0.108% | $223K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.1 | +0.088% | $2.5M | $23.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.8 | +0.134% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.9 | +0.141% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.8 | +0.063% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,469.7 | +0.192% | $19.0M | $52.8M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,469.3 | +0.171% | $833K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0190% | 1h | 1,469.4 | +0.175% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,470.5 | +0.246% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,470.4 | +0.241% | $3.8M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,469.8 | +0.201% | $720K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0591% | 1h | 1,468.9 | +0.140% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD