Funding you earn now, next payment 07:00 UTC−0.3587%/8h= −392.8% APRnext payment −$4.48 per $10,000 · paid last 24h −0.678%
Price spread now: Injective against Kraken Futures+0.471%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.121%−$212 on $10k
+Price spread, last 4 days (all we have)−1.165%−$117 · spread now +0.471%, 7d avg +0.038%
=The price spread pays, funding is against you. Injective is 0.433% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.471% now, against its 7-day average of +0.038%): +$43 on $10k if it goes back. Holding the pair costs −$108 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−2.121% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.121% in total (about -110.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.48 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 | 1,484.6 | −0.0097 | get 0.0012% / 1h | 48m 31s | $18.0M | $46.4M | 25x |
| Short | Injective ZEC/USDC PERP | 1,491.6 | −0.3684 | pay 0.0461% / 1h | 48m 31s | $34K | $273K | 12x |
Kraken Futures PF_ZECUSD
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$753.36
- Price spread: +0.471% → +0.038%
- $43.29
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$720.1
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 6 min ago; Injective: live order book, 60 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 Kraken Futures live order book, 6 min ago | 0.50 bp | 8.0 bp −$8 | 11.6 bp −$116 | 22.9 bp −$2,286 | 96.0 bp −$48.0K |
| Sell Injective live order book, 60 min ago | 60.15 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3684% | 1h | 1,491.6 | +0.471% | $34K | $273K | 12x | |
| ApeX Omni ZECUSDT | −0.0140% | 1h | 1,485.7 | +0.076% | $411K | $932K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0118% | 8h | 1,484.5 | −0.008% | $30.7M | $73.8M | 75x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | +0.408% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0097% | 1h | 1,484.6 | long leg | $18.0M | $46.4M | 25x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,484.2 | −0.023% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,483.9 | −0.049% | $412K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,486.1 | +0.100% | $1.6M | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,482.1 | −0.165% | $61K | $297K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,484.1 | −0.030% | $706K | $1.4M | 25x | as long as short |
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow 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 | 1,484 | −0.041% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0073% | 8h | 1,483.7 | −0.058% | $298K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,482.8 | −0.119% | $157K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,482.7 | −0.126% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,483 | −0.110% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,484 | −0.042% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,483 | −0.108% | $690.3M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,482.9 | −0.113% | $269.6M | $627.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,483 | −0.108% | $179.7M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,480.8 | −0.255% | $405K | $505K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,483.6 | −0.070% | $54.0M | $180.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,483.1 | −0.103% | $233.6M | $775.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,482.7 | −0.129% | $101.7M | $56.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,482.9 | −0.116% | $160.1M | $287.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,483.6 | −0.070% | — | $114.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,485.5 | +0.058% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,483 | −0.108% | $48.4M | $33.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,488.1 | +0.239% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,485.3 | +0.048% | $3.0M | $488K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,484 | −0.043% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,482.4 | −0.147% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,483.4 | −0.083% | $163K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,482.9 | −0.113% | $453K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,486 | +0.098% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,484.6 | −0.001% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,483.6 | −0.066% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,484.4 | −0.010% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,483.9 | −0.048% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,483.2 | −0.093% | $11K | $864K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,483.5 | −0.076% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,483.8 | −0.052% | $45K | $149K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,482.9 | −0.112% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0121% / S −0.0107% | 1h | 1,483.9 | −0.047% | $430K | — | 100x | as long as short |
| Hyperliquid ZEC | +0.0129% | 1h | 1,484.4 | −0.013% | $771.1M | $440.3M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,483.6 | −0.064% | $928K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,490.8 | +0.420% | $4.7M | $1.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0219% | 1h | 1,486.9 | +0.158% | $48K | $63K | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,485.6 | +0.066% | $624K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,485.1 | +0.034% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0336% | 1h | 1,485.1 | +0.032% | $19.4M | $45.5M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,484.8 | +0.015% | $3.6M | $9.9M | 50x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Hyperliquid ZEC
RISEx ZEC/USDC
Phoenix ZEC
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX