ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.052%

Price spread now: Pacifica against Kraken Futures−0.130%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.130%, 7d avg −0.024%

Together, before fees−0.062%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.105% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.024%). If the spread goes back, that is −$11 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,474.7	−0.0002	get 0.0000% / 1h	45m 34s	$18.0M	$43.4M	25x
Short	Pacifica ZEC	1,472.8	0.0100	get 0.0013% / 1h	45m 34s	$1.7M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.130%Rate

Funding earned: $21.46
Price spread: −0.130% → −0.024%: −$10.52
Slippage, 4 orders: −$12.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$19.26
Costs to cover: 0.302%
Break-even: 13.3 days

Slippage from Kraken Futures: live order book, 4 min ago; Pacifica: live order book, 9 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	0.98 bp	8.2 bp −$8	11.8 bp −$118	19.6 bp −$1,962	99.1 bp −$49.6K
Sell Pacifica live order book, 9 min ago	0.99 bp	6.1 bp −$6	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 PERP	−0.3678%	1h	1,477.5	+0.189%	$34K	$274K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0086%	1h	1,473	−0.118%	$400K	$517K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.7	−0.139%	$6K	$1K	10x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0002%	1h	1,474.7	long leg	$18.0M	$43.4M	25x
dYdX ZEC-USD	0.0000%	1h	1,473.1	−0.111%	$415K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.5	+0.052%	$960K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.4	−0.021%	$84K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.6	−0.012%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.031%	$29.6M	$73.3M	75x	as long as short
Variational Omni ZEC	+0.0016%	8h	1,474	−0.050%	$48.1M	$33.4M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,474.2	−0.034%	$294K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,473.1	−0.111%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474.4	−0.020%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,479.5	+0.321%	$4.7M	$1.5M	10x	as long as short
Gate ZEC_USDT	+0.0075%	8h	1,472.3	−0.167%	$50.1M	$174.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0079%	8h	1,472.8	−0.132%	$181.2M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.8	−0.133%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.6	−0.145%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.3	−0.168%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476	+0.088%	$2.7M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.3	−0.098%	$766.7M	$449.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.4	−0.159%	$14.9M	$31.0M	75x	as long as short
Pacifica ZECshort	+0.0100%	1h	1,472.8	−0.130%	$1.7M	$2.7M	10x
Binance ZECUSDT	+0.0100%	8h	1,472.3	−0.164%	$682.3M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.5	−0.149%	$271.7M	$626.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.6	−0.143%	$218.2M	$792.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.3	−0.163%	$103.6M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.7	−0.137%	$163.3M	$286.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,473	−0.122%	—	$100.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	−0.030%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476	+0.082%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,475.5	+0.054%	$429K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.2	−0.035%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.3	−0.030%	$342K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.4	−0.021%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473	−0.117%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.7	+0.131%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.4	−0.021%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,474	−0.050%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475	+0.020%	$3.8M	$5.2M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	−0.007%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.5	−0.154%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.2	−0.038%	$51K	$164K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0156%	1h	1,475.1	+0.027%	$607K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0208%	1h	1,474.1	−0.042%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,473.9	−0.056%	$685K	$8.7M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,473.9	−0.060%	$19.2M	$48.0M	20x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.3	−0.099%	$855K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,476.3	+0.102%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0568%	1h	1,474.3	−0.033%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0736%	1h	1,475.6	+0.055%	$44K	$46K	10x	as long as short