Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0178%/8h= −19.5% APRnext payment $0.22 per $10,000 · paid last 24h +0.031%
Price spread now: Ondo Perps against Kraken Futures−0.004%7-day average −0.082% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.391%+$39 on $10k
Price spread, last 4 days (all we have)−0.739%−$74 · spread now −0.004%, 7d avg −0.082%
Together, before fees−0.348%+ Points / potential airdropOndo Perps: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.078% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.082%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.391%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ZECUSD1,452.20.0278pay 0.0035% / 1h37m 58s$18.0M$44.9M25x
ShortOndo Perps ZEC-USD.P1,452.10.0100get 0.0013% / 1h37m 58s$394K$440K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$37.35
Price spread: −0.004% → −0.082%
$7.82
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$44.52
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago1.52 bp9.8 bp −$1013.0 bp −$13024.6 bp −$2,458115.5 bp −$57.7K
Sell Ondo Perps no order-book sample
Ondo Perps: 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 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−0.3166%1h1,450−0.149%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,451.4−0.053%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0070%8h1,451.5−0.044%$29.2M$70.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,451.2−0.065%$409K$39K5xas long as short
Kalshi KXZECPERP0.0000%8h1,452.2+0.005%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,451.1−0.074%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,452.3+0.007%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0061%8h1,452.5+0.020%$291K$957K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0066% / S −0.0016%1h1,452.1−0.001%$408K100xas long as short
01 Exchange ZECUSD+0.0080%1h1,452.5+0.021%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,452.8+0.044%$174K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,452.1−0.004%$12K$874K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,452.1−0.007%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,452.2+0.006%$2.5M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,453.3+0.079%$755.9M$431.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,452.5+0.023%$14.4M$27.6M75xas long as short
Pacifica ZEC+0.0100%1h1,451.4−0.052%$1.6M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,452.9+0.049%$666.6M$2.22B75xas long as short
Bybit ZECUSDT+0.0100%8h1,452.5+0.020%$261.4M$601.6M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,453+0.060%$177.4M$1.22B50xas long as short
Ondo Perps ZEC-USD.Pshort+0.0100%1h1,452.1−0.004%$394K$440K5x
Bulk ZEC-USD+0.0100%1h1,450.7−0.100%$875K$29K10xas long as short
Gate ZEC_USDT+0.0100%8h1,452.6+0.030%$50.0M$173.2M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,453+0.056%$216.3M$770.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,452.8+0.044%$102.1M$54.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,453.1+0.062%$165.0M$273.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,452.3+0.011%$101.1Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,452.8+0.044%$2.4M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,449.4−0.188%$47.5M$32.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,450.6−0.107%$565K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.9+0.051%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,450.8−0.091%$403K$925K50xas long as short
StandX ZEC-USD+0.0100%1h1,452.4+0.018%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,451.9−0.018%$365K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,452.5+0.020%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,451.4−0.050%$443K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,455+0.193%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,452.4+0.014%$233K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,451.8−0.022%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,451.8−0.024%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,452.6+0.033%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,451.7−0.029%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,450.5−0.117%$4.6M$1.3M10xas long as short
Kraken Futures PF_ZECUSDlong+0.0278%1h1,452.2long leg$18.0M$44.9M25x
Deribit ZEC_USDC-PERPETUAL+0.0328%1h1,453.2+0.074%$608K$1.3M25xas long as short
Lighter ZEC+0.0336%1h1,453.4+0.087%$19.1M$45.9M20xas long as short
RISEx ZEC/USDC+0.0412%1h1,452.3+0.013%$919K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,453.2+0.073%$3.8M$9.0M50xas long as short
Lighter RH ZEC+0.0488%1h1,453.9+0.122%$2.0M$6.9M10xas long as short
Arcus ZEC-USD+0.0626%1h1,450−0.151%$738K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0675%1h1,451.6−0.040%$44K$49K10xas long as short