Funding you earn now, next payment 23:00 UTC+0.0847%/8h= +92.7% APRnext payment +$1.06 per $10,000 · paid last 24h +0.062%
Price spread now: Arcus against Kraken Futures+0.047%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 3 days (all we have)+0.124%+$12 on $10k
+Price spread, last 3 days (all we have)−0.517%−$52 · spread now +0.047%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Arcus is 0.054% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.007%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.124% in total (about 13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,472.8 | −0.0402 | get 0.0050% / 1h | 5m 25s | $17.9M | $44.9M | 25x |
| Short | Arcus ZEC-USD | 1,473.5 | 0.0444 | get 0.0056% / 1h | 5m 25s | $715K | $8.2M | 10x |
Kraken Futures PF_ZECUSD
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Kraken Futures. 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
- $177.85
- Price spread: +0.047% → −0.007%
- $5.39
- Slippage, 4 orders
- −$12.18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $156.55
- Costs to cover
- 0.267%
- Break-even
- 0.8 days
Slippage from Kraken Futures: live order book, 4 min ago; Arcus: live order book, 4 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 Kraken Futures live order book, 4 min ago | 0.68 bp | 8.1 bp −$8 | 11.6 bp −$116 | 20.1 bp −$2,011 | 90.9 bp −$45.4K |
| Sell Arcus live order book, 4 min ago | 1.02 bp | 3.9 bp −$4 | 8.7 bp −$87 | doesn't fit | doesn't fit |
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 | −0.226% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0402% | 1h | 1,472.8 | long leg | $17.9M | $44.9M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0258% | 1h | 1,470.5 | −0.159% | $398K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0118% | 8h | 1,469.8 | −0.210% | $29.3M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.6 | −0.015% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0075% | 8h | 1,471.8 | −0.070% | $272.5M | $665.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,466.7 | −0.418% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.4 | −0.033% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.6 | −0.014% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.3 | −0.035% | $84K | $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 | 1,472.5 | −0.024% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,472.6 | −0.014% | $294K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,472.3 | −0.035% | $360K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0041% | 8h | 1,472.4 | −0.027% | $178.5M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,472.4 | −0.029% | $50.3M | $187.5M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,473 | +0.012% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,473.5 | +0.045% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0083% | 1h | 1,473.4 | +0.035% | $599K | $1.3M | 25x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.4 | −0.031% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,473 | +0.013% | $11K | $822K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.2 | −0.043% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.3 | +0.029% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.7 | +0.057% | $764.7M | $478.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.7 | −0.011% | $15.6M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.2 | +0.022% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472 | −0.054% | $679.3M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.7 | −0.346% | $906K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.5 | −0.024% | $223.1M | $872.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.7 | −0.008% | $104.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.6 | −0.018% | $162.9M | $303.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.1 | −0.053% | — | $102.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.6 | −0.286% | $512K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.9 | −0.267% | $3.0M | $482K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.2 | −0.249% | $431K | $826K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.196% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.030% | $348K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.053% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.1 | −0.118% | $449K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.7 | +0.125% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.015% | $226K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.7 | −0.009% | $2.5M | $23.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.3 | +0.030% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.8 | −0.003% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.4 | −0.028% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,474.2 | +0.091% | $19.1M | $52.8M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,473 | +0.012% | $835K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0199% | 1h | 1,473.9 | +0.068% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0408% | 1h | 1,474.6 | +0.117% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,475.1 | +0.152% | $3.8M | $11.5M | 50x | as long as short |
| Arcus ZEC-USDshort | +0.0444% | 1h | 1,473.5 | +0.047% | $715K | $8.2M | 10x | |
| Aftermath Perps ZECUSD | +0.0605% | 1h | 1,470.4 | −0.166% | $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
Deribit ZEC_USDC-PERPETUAL
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
Derive ZEC-PERP
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
Aftermath Perps ZECUSD