Funding you earn now, next payment 23:00 UTC−0.0323%/8h= −35.4% APRnext payment −$0.40 per $10,000 · paid last 24h +0.022%
Price spread now: Kraken Futures against Hotstuff−0.102%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.102% cheaper against Hotstuff than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ZEC-PERP | 1,471.3 | −0.0080 | get 0.0010% / 1h | 6m 27s | $6K | $2K | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,469.8 | −0.0403 | pay 0.0050% / 1h | 6m 27s | $17.9M | $44.6M | 25x |
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hotstuff. 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
- −$67.9
- Price spread: −0.102% → 0.000%
- −$10.15
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$93.05
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Kraken Futures: live order book, 3 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 0.68 bp | 9.2 bp −$9 | 15.3 bp −$153 | 22.5 bp −$2,253 | 111.9 bp −$56.0K |
Hotstuff: 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 | −0.119% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0403% | 1h | 1,469.8 | −0.102% | $17.9M | $44.6M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0256% | 1h | 1,466.9 | −0.297% | $398K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0118% | 8h | 1,469.8 | −0.103% | $29.3M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERPlong | −0.0080% | 1h | 1,471.3 | long leg | $6K | $2K | 10x | |
| Bybit ZECUSDT | −0.0075% | 8h | 1,472.1 | +0.058% | $272.5M | $665.8M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,466.7 | −0.311% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.1 | −0.015% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.6 | −0.117% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.5 | +0.085% | $84K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
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 | −0.090% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,469.8 | −0.099% | $294K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,469.9 | −0.095% | $359K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,472.5 | +0.084% | $178.4M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,472.5 | +0.086% | $50.2M | $187.3M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,473.4 | +0.147% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.2 | −0.208% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.9 | +0.112% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,473.3 | +0.137% | $11K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.6 | +0.089% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.1 | +0.127% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.9 | +0.179% | $764.8M | $478.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.6 | +0.093% | $15.6M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.3 | +0.071% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.9 | +0.112% | $679.7M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.7 | −0.240% | $906K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.4 | +0.076% | $224.2M | $872.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.7 | +0.094% | $104.0M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.9 | +0.107% | $163.1M | $304.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.6 | +0.023% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.4 | −0.260% | $511K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.9 | −0.161% | $3.0M | $482K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.3 | −0.137% | $431K | $826K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.090% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.6 | +0.090% | $347K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.4 | −0.130% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.3 | −0.200% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471 | −0.021% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.6 | −0.115% | $223K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.1 | −0.147% | $2.5M | $23.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.8 | −0.103% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.8 | +0.102% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.1 | −0.150% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,473.4 | +0.144% | $19.1M | $52.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0142% | 1h | 1,470.7 | −0.036% | $598K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,473.3 | +0.135% | $835K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0192% | 1h | 1,471 | −0.017% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0408% | 1h | 1,473.7 | +0.166% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,471.2 | −0.003% | $3.8M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,473.5 | +0.148% | $718K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0591% | 1h | 1,468.9 | −0.161% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
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-USDC
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
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD