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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.058%
Price spread now: Kraken Futures against HTX−0.022%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Long on HTXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.023%−$2 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.022%, 7d avg +0.059%
Together, before fees+0.117%+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.081% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ZEC-USDT1,493.30.0100pay 0.0100% / 8h1h 01m$2.7M$20.2M75x
ShortKraken Futures PF_ZECUSD1,492.9−0.0096pay 0.0012% / 1h1m 52s$18.1M$46.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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

Funding earned
−$41.2
Price spread: −0.022% → +0.059%
−$8.12
Slippage, 4 orders
−$16.22
Fee HTX: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$87.55
Costs to cover
0.382%
Break-even
never at this rate
Slippage from HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago3.34 bp10.0 bp −$1014.0 bp −$14038.5 bp −$3,853doesn't fit
Sell Kraken Futures live order book, 2 min ago1.84 bp10.3 bp −$1014.2 bp −$14224.9 bp −$2,486152.5 bp −$76.2K

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3684%1h1,481−0.822%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,491.6−0.110%$61K$304K10xas long as short
BloFin ZEC-USDT−0.0143%8h1,493.6+0.024%$30.9M$75.1M75xas long as short
Kraken Futures PF_ZECUSDshort−0.0096%1h1,492.9−0.022%$18.1M$46.5M25x
Hotstuff ZEC-PERP−0.0080%1h1,493.1−0.014%$6K$1K10xas long as short
Aftermath Perps ZECUSD−0.0011%1h1,494.8+0.104%$48K$64K10xas long as short
dYdX ZEC-USD0.0000%1h1,493.5+0.018%$415K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,493.8+0.034%$1.5M$4.7M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,492.7−0.038%$5.3M—150xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0020%1h1,493.3+0.002%$682K$1.4M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0080%8h1,492.3−0.063%$301K$1.1M20xas long as short
Popdex ZECUSDT+0.0096%1h1,492.5−0.050%$170K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,492.7−0.038%$12K$876K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,492.4−0.054%$62K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,493.6+0.021%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,495.1+0.123%$780.8M$447.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,493.6+0.021%$13.9M$31.1M75xas long as short
Pacifica ZEC+0.0100%1h1,493.5+0.016%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,493.6+0.023%$696.2M$2.32B75xas long as short
Bybit ZECUSDT+0.0100%8h1,492.2−0.068%$267.5M$630.3M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,492.6−0.042%$182.1M$1.34B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,494.1+0.056%$408K$554K5xas long as short
Bulk ZEC-USD+0.0100%1h1,494.2+0.066%$903K$7K10xas long as short
Gate ZEC_USDT+0.0100%8h1,494.2+0.061%$55.1M$187.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,494.3+0.072%$243.2M$800.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,494.3+0.071%$102.9M$57.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,494.6+0.089%$160.8M$289.7M75xas long as short
BingX ZEC-USDC+0.0100%8h1,492.5−0.049%—$6.7M—as long as short
Variational Omni ZEC+0.0100%8h1,495.2+0.127%$48.9M$34.8M—as long as short
edgeX ZECUSDC+0.0100%4h1,494.8+0.105%$572K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,496.3+0.205%$3.1M$510K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,495.6+0.155%$412K$943K50xas long as short
StandX ZEC-USD+0.0100%1h1,494.7+0.094%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,492.8−0.031%$357K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,492.5−0.050%$164K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,493.1−0.013%$456K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,494.9+0.108%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,492.8−0.028%$254K$3.6M10xas long as short
HTX ZEC-USDTlong+0.0100%8h1,493.3long leg$2.7M$20.2M75x
Phemex ZECUSDT+0.0100%8h1,493.8+0.033%$4.0M$5.0M50xas long as short
Extended ZEC-USD+0.0104%1h1,494.5+0.083%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,492.5−0.050%$43K$151K20xas long as short
01 Exchange ZECUSD+0.0120%1h1,492.9−0.026%$8K$7K5xas long as short
RISEx ZEC/USDC+0.0129%1h1,492.7−0.034%$938K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,496.6+0.223%$4.8M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0137% / S −0.0134%1h1,492.6−0.047%$393K—100xas long as short
Lighter RH ZEC+0.0184%1h1,494.5+0.081%$2.1M$7.5M10xas long as short
Arcus ZEC-USD+0.0221%1h1,493.8+0.033%$612K$8.8M10xas long as short
Lighter ZEC+0.0248%1h1,494.4+0.073%$19.6M$47.1M20xas long as short
Backpack ZEC_USDC_PERP+0.0261%1h1,493.9+0.042%$2.3M$3.9M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,494.1+0.059%$3.7M$10.1M50xas long as short