Funding you earn now, next payment 06:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.052%
Price spread now: Paradex against Kraken Futures−0.092%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.092% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,463.4 | 0.0147 | pay 0.0018% / 1h | 46m 02s | $18.0M | $45.6M | 25x |
| Short | Paradex ZEC-USD-PERP | 1,462 | 0.0100 | get 0.0100% / 8h | 2h 46m | $60K | $43K | 10x |
Kraken Futures PF_ZECUSD
Paradex ZEC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$9.85
- Price spread: −0.092% → 0.000%
- −$9.23
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$33.08
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Paradex: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 3 min ago | 1.47 bp | 8.7 bp −$9 | 11.7 bp −$117 | 19.7 bp −$1,968 | 99.2 bp −$49.6K |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3243% | 1h | 1,467.5 | +0.278% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,464.1 | +0.050% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,462.3 | −0.078% | $29.6M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462 | −0.099% | $406K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463.6 | +0.014% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,462.3 | −0.072% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.6 | +0.013% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,463.2 | −0.016% | $8K | $7K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,463.5 | +0.004% | $292K | $900K | 20x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,468.3 | +0.332% | $4.7M | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0094% / S −0.0047% | 1h | 1,463.9 | +0.033% | $436K | — | 100x | as long as short |
| Bybit ZECUSDT | +0.0096% | 8h | 1,462.1 | −0.090% | $260.9M | $589.5M | 75x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,465 | +0.109% | $2.1M | $7.1M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,463 | −0.027% | $173K | $1.6M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,463.3 | −0.005% | $13K | $805K | 10x | as long as short |
| Paradex ZEC-USD-PERPshort | +0.0100% | 8h | 1,462 | −0.092% | $60K | $43K | 10x | |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.5 | +0.008% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,464.7 | +0.089% | $762.6M | $419.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,462.7 | −0.050% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462 | −0.098% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,462.7 | −0.047% | $674.8M | $2.17B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,462.4 | −0.070% | $178.1M | $1.20B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,463.4 | 0.000% | $397K | $429K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,464.4 | +0.069% | $885K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,463 | −0.027% | $52.7M | $170.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,462.8 | −0.038% | $217.9M | $758.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.3 | −0.010% | $103.0M | $52.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.9 | −0.031% | $165.7M | $267.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,461.8 | −0.113% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,462.5 | −0.060% | $48.0M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.4 | +0.270% | $573K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.6 | +0.353% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.8 | +0.435% | $406K | $923K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,466.1 | +0.181% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,463.2 | −0.014% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.9 | +0.032% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.4 | −0.068% | $446K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,465.4 | +0.140% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,463.3 | −0.006% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,462.6 | −0.052% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,463.9 | +0.032% | $3.9M | $4.7M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.7 | −0.047% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.6 | +0.016% | $47K | $151K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0118% | 1h | 1,464.4 | +0.072% | $616K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,464.8 | +0.097% | $19.3M | $43.8M | 20x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0147% | 1h | 1,463.4 | long leg | $18.0M | $45.6M | 25x | |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,463.1 | −0.021% | $925K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0287% | 1h | 1,464 | +0.040% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,464.7 | +0.092% | $3.7M | $9.2M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,464.2 | +0.055% | $673K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0680% | 1h | 1,465.7 | +0.158% | $45K | $49K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
Bybit ZECUSDT
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD