ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.33 per $10,000 · paid last 24h +0.134%

Price spread now: Coinbase International against Kraken Futures+0.139%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.139%, 7d avg +0.094%

Together, before fees+0.277%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.045% 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 +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,457	0.0196	pay 0.0024% / 1h	30m 42s	$18.0M	$44.7M	25x
Short	Coinbase International ZEC-PERP-INTX	1,459	0.0456	get 0.0057% / 1h	30m 42s	$3.7M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.139%Rate

Funding earned: $54.7
Price spread: +0.139% → +0.094%: $4.51
Slippage, 4 orders: −$24.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $14.35
Costs to cover: 0.449%
Break-even: 5.2 days

Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	2.62 bp	11.3 bp −$11	13.9 bp −$139	23.8 bp −$2,381	105.4 bp −$52.7K
Sell Coinbase International live order book, 3 min ago	1.44 bp	9.8 bp −$10	12.4 bp −$124	38.9 bp −$3,891	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	−0.3244%	1h	1,438.9	−1.240%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0081%	8h	1,456.9	−0.010%	$29.3M	$71.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.5	−0.243%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.8	−0.014%	$410K	$44K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,455	−0.136%	$1.4M	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,454.3	−0.187%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.9	−0.147%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0043%	8h	1,456.9	−0.010%	$291K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,454.7	−0.160%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,453.2	−0.260%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,454.2	−0.190%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.4	+0.167%	$25K	$868K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457	+0.001%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.3	−0.255%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,459.3	+0.159%	$763.9M	$438.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,458	+0.071%	$14.5M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.6	+0.038%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.8	+0.053%	$667.7M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.8	−0.015%	$266.5M	$611.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.9	−0.007%	$179.1M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.1	−0.062%	$396K	$435K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.396%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,457.3	+0.021%	$49.6M	$173.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.2	+0.016%	$214.6M	$775.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.1	+0.007%	$102.4M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.2	+0.010%	$162.1M	$278.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,457.7	+0.049%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.5	+0.034%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.2	−0.190%	$47.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.2	−0.263%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,453.1	−0.270%	$3.0M	$419K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.9	−0.281%	$408K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,453.7	−0.224%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,455.2	−0.124%	$325K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454.9	−0.146%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.6	−0.097%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.9	−0.008%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457	−0.001%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.2	−0.056%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.9	−0.006%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.6	−0.028%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.7	−0.023%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,454.4	−0.176%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0196%	1h	1,457	long leg	$18.0M	$44.7M	25x
Lighter ZEC	+0.0208%	1h	1,458.2	+0.085%	$19.0M	$46.5M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,458.9	+0.127%	$707K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0344%	1h	1,459.5	+0.171%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,457.4	+0.025%	$831K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0456%	1h	1,459	+0.139%	$3.7M	$9.1M	50x
Deribit ZEC_USDC-PERPETUAL	+0.0594%	1h	1,458	+0.070%	$613K	$1.3M	25x	as long as short
Aftermath Perps ZECUSD	+0.0703%	1h	1,454.2	−0.192%	$43K	$46K	10x	as long as short