Spread before costs (cost unknown: a leg has no order-book sample)−0.129%
7d average−0.104%if it closes, per $10,000$13funding while held, a day+$2.26
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,518.7 | 0.0025 | pay 0.0003% / 1h | 46m 27s | $19.1M | $42.6M | 25x |
| Short | Derive ZEC-PERP | 1,516.8 | 0.0100 | get 0.0013% / 1h | 46m 27s | $494K | $216K | 6.7x |
Kraken Futures PF_ZECUSD
Derive ZEC-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$12.91
- Funding while held
- $2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$26.65
- Spread needed to break even
- 0.160%
Slippage unknown: Kraken Futures: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0075%
- Per $10,000 a day
- +$2.26
- Average in range /8h
- —
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 | 2.69 bp | 9.6 bp −$10 | 15.8 bp −$158 | 22.9 bp −$2,290 | 100.4 bp −$50.2K |
| Sell Derive no order-book sample | — | — | — | — | — |
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 price on every exchange
against the cheapest. Click to use as the short leg.Bulk1,516.3cheapestParadex1,516.6+0.019%
Bulk
ParadexDerive1,516.8+0.027%
Katana Perps1,516.8+0.032%Injective1,517+0.041%MEXC1,517.3+0.065%Gate1,517.4+0.067%Aster1,517.4+0.071%BingX1,517.6+0.083%Polymarket Perps1,517.6+0.083%Extended1,517.6+0.084%HTX1,517.7+0.088%Backpack1,517.8+0.098%Aevo1,517.9+0.100%gTrade (Gains Network)1,517.9+0.104%Lighter1,517.9+0.104%KuCoin1,517.9+0.104%SoDEX1,518+0.107%Bitget1,518+0.109%Pacifica1,518+0.110%Phoenix1,518+0.111%RISEx1,518.1+0.116%Ondo Perps1,518.1+0.116%Hotstuff1,518.1+0.117%dYdX1,518.1+0.118%Kalshi1,518.2+0.123%Bullet1,518.3+0.126%Arcus1,518.3+0.132%GMX1,518.4+0.137%Perpl1,518.5+0.139%Orderly1,518.5+0.140%Phemex1,518.5+0.143%Popdex1,518.6+0.152%
Katana Perps
Injective
MEXC
Gate
Aster
BingX
Polymarket Perps
Extended
HTX
Backpack
Aevo
gTrade (Gains Network)
Lighter
KuCoin
SoDEX
Bitget
Pacifica
Phoenix
RISEx
Ondo Perps
Hotstuff
dYdX
Bullet
Arcus
GMX
Perpl
Orderly
Phemex
PopdexKraken Futures1,518.7+0.157%
OKX1,518.7+0.158%StandX1,518.8+0.164%Binance1,518.9+0.166%Bybit1,519+0.173%BloFin1,519+0.173%Lighter RH1,519+0.175%Deribit1,519.2+0.188%Hyperliquid1,519.2+0.189%Coinbase International1,519.4+0.200%SunX1,520+0.240%Nado1,520+0.244%edgeX1,522.8+0.427%Variational Omni1,523.5+0.472%ApeX Omni1,523.7+0.483%Aftermath Perps1,524.1+0.512%
OKX
StandX
Binance
Bybit
BloFin
Lighter RH
Deribit
Hyperliquid
Coinbase International
SunX
Nado
Variational Omni
ApeX OmniZEC on 49 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bulk ZEC-USD | −0.156% | +0.0100% | 1h | $918K | $45K | 10x | as long as short |
| Paradex ZEC-USD-PERP | −0.137% | +0.0097% | 8h | $62K | $38K | 10x | as long as short |
| Derive ZEC-PERPshort | −0.129% | +0.0100% | 1h | $494K | $216K | 6.7x | |
| Katana Perps ZEC-USD | −0.125% | +0.0092% | 8h | $17K | $1.2M | 10x | as long as short |
| Injective ZEC/USDC PERP | −0.116% | −0.0250% | 1h | $35K | $72K | 12x | as long as short |
| MEXC ZEC_USDT | −0.091% | −0.0010% | 8h | $210.4M | $969.3M | 150x | as long as short |
| Gate ZEC_USDT | −0.090% | +0.0018% | 8h | $52.6M | $215.4M | 75x | as long as short |
| Aster ZECUSDT | −0.085% | −0.0039% | 8h | $14.6M | $36.0M | 75x | as long as short |
| BingX ZEC-USDT | −0.073% | +0.0067% | 8h | — | $110.7M | — | as long as short |
| Polymarket Perps ZEC-USD | −0.073% | −0.0037% | 1h | $379K | $3.7M | 10x | as long as short |
Show all 49 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ZEC-USD | −0.073% | +0.0104% | 1h | $3.4M | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | −0.068% | +0.0100% | 8h | $2.7M | $31.4M | 75x | as long as short |
| Backpack ZEC_USDC_PERP | −0.059% | +0.0100% | 1h | $2.2M | $3.2M | 15x | as long as short |
| Aevo ZEC-PERP | −0.057% | +0.0080% | 1h | $45K | $362K | 20x | as long as short |
| gTrade (Gains Network) ZEC/USD | −0.053% | L +0.0007% / S −0.0006% | 1h | $5.3M | — | 150x | as long as short |
| Lighter ZEC | −0.053% | +0.0096% | 1h | $20.6M | $57.9M | 20x | as long as short |
| KuCoin ZECUSDTM | −0.052% | +0.0100% | 8h | $104.2M | $69.9M | 75x | as long as short |
| SoDEX ZEC-USD | −0.050% | −0.0019% | 1h | $228K | $5.4M | 10x | as long as short |
| Bitget ZECUSDT | −0.047% | −0.0080% | 8h | $170.6M | $316.8M | 75x | as long as short |
| Pacifica ZEC | −0.046% | +0.0100% | 1h | $1.7M | $3.9M | 10x | as long as short |
| Phoenix ZEC | −0.046% | −0.0016% | 1h | $5.0M | $1.4M | 10x | as long as short |
| RISEx ZEC/USDC | −0.041% | +0.0060% | 1h | $883K | $2.8M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.040% | +0.0100% | 1h | $317K | $693K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.040% | −0.0080% | 1h | $6K | $2K | 10x | as long as short |
| dYdX ZEC-USD | −0.038% | +0.0023% | 1h | $427K | $119K | 5x | as long as short |
| Kalshi KXZECPERP | −0.033% | 0.0000% | 8h | $1.0M | $6.0M | 2.2x | as long as short |
| Bullet ZEC-USD | −0.030% | +0.0006% | 1h | $53K | $115K | 20x | as long as short |
| Arcus ZEC-USD | −0.025% | +0.0100% | 1h | $617K | $5.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | −0.020% | L +0.0187% / S −0.0195% | 1h | $349K | — | 100x | as long as short |
| Perpl ZEC | −0.017% | 0.0000% | 43m | $40K | $425K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | −0.016% | −0.0013% | 8h | $274K | $1.7M | 20x | as long as short |
| Phemex ZECUSDT | −0.013% | +0.0100% | 8h | $3.9M | $6.2M | 50x | as long as short |
| Popdex ZECUSDT | −0.005% | +0.0096% | 1h | $190K | $2.2M | 50x | as long as short |
| Kraken Futures PF_ZECUSDlong | 0.000% | +0.0025% | 1h | $19.1M | $42.6M | 25x | |
| OKX ZEC-USDT-SWAP | +0.001% | −0.0022% | 8h | $190.4M | $1.65B | 50x | as long as short |
| StandX ZEC-USD | +0.007% | +0.0100% | 1h | $68K | $1.9M | 30x | as long as short |
| Binance ZECUSDT | +0.009% | −0.0011% | 8h | $709.2M | $2.81B | 75x | as long as short |
| Bybit ZECUSDT | +0.016% | +0.0070% | 8h | $305.7M | $734.9M | 75x | as long as short |
| BloFin ZEC-USDT | +0.016% | −0.0044% | 8h | $32.0M | $78.4M | 75x | as long as short |
| Lighter RH ZEC | +0.019% | +0.0096% | 1h | $1.7M | $7.8M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.032% | 0.0000% | 1h | $564K | $694K | 25x | as long as short |
| Hyperliquid ZEC | +0.032% | +0.0100% | 1h | $825.6M | $660.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.044% | +0.0144% | 1h | $3.7M | $13.5M | 50x | as long as short |
| SunX ZEC-USDT | +0.083% | +0.0100% | 8h | $3K | $1.4M | 20x | as long as short |
| Nado ZEC-PERP | +0.087% | +0.0100% | 1h | $3.2M | $7.7M | 10x | as long as short |
| edgeX ZECUSDC | +0.269% | +0.0100% | 4h | $512K | $10.5M | 20x | as long as short |
| Variational Omni ZEC | +0.315% | +0.0100% | 8h | $49.8M | $32.5M | — | as long as short |
| ApeX Omni ZECUSDT | +0.326% | −0.0737% | 1h | $1.0M | $347K | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.355% | +0.0378% | 1h | $41K | $19K | 10x | as long as short |