Funding you earn now, next payment 03:05 UTC−0.0276%/8h= −30.3% APRpaid last 24h +0.033%
Price spread now: Perpl against Kraken Futures−0.015%7-day average −0.091% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)−0.682%−$68 · spread now −0.015%, 7d avg −0.091%
=Together, before fees−0.456%+ Points / potential airdropPerpl: Active · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.076% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.091%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 7 days funding on this pair paid +0.227%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,460.2 | 0.0276 | pay 0.0035% / 1h | 15m 36s | $18.1M | $45.0M | 25x |
| Short | Perpl ZEC | 1,460 | 0 | get 0.0000% / 43m | 29m 36s | $83K | $240K | 10x |
Kraken Futures PF_ZECUSD
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$58.03
- Price spread: −0.015% → −0.091%
- $7.59
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$74.23
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; Perpl: 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, 4 min ago | 1.06 bp | 10.0 bp −$10 | 15.5 bp −$155 | 22.8 bp −$2,284 | 98.3 bp −$49.1K |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.3166% | 1h | 1,460.7 | +0.036% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.2 | +0.002% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,460.3 | +0.004% | $29.5M | $71.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,459.7 | −0.031% | $411K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460.9 | +0.045% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,460 | −0.015% | $83K | $240K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.4 | +0.015% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,460.3 | +0.009% | $292K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0069% / S −0.0020% | 1h | 1,460.3 | +0.007% | $410K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,461 | +0.055% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0081% | 1h | 1,460.9 | +0.049% | $617K | $1.3M | 25x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.7 | +0.036% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,460.9 | +0.046% | $11K | $857K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.8 | +0.041% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460.5 | +0.018% | $2.8M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461 | +0.056% | $759.5M | $431.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.5 | +0.022% | $14.8M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460.9 | +0.047% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.7 | +0.035% | $671.4M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,460 | −0.013% | $262.2M | $602.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,460.7 | +0.033% | $178.4M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.4 | −0.122% | $396K | $442K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.2 | −0.203% | $880K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,460.3 | +0.010% | $50.7M | $175.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.5 | +0.023% | $216.5M | $774.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.7 | +0.038% | $103.1M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.8 | +0.041% | $166.2M | $271.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,460.4 | +0.013% | — | $105.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,459.3 | −0.062% | $47.9M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | −0.038% | $568K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,460.7 | +0.032% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,460.8 | +0.040% | $405K | $940K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.6 | +0.028% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.6 | +0.028% | $355K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.1 | −0.005% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.4 | −0.052% | $446K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.7 | +0.170% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,460.3 | +0.005% | $234K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459.4 | −0.054% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460 | −0.014% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.5 | +0.021% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460.1 | −0.004% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,460.1 | −0.007% | $4.6M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0128% | 1h | 1,460.8 | +0.039% | $2.4M | $3.8M | 15x | as long as short |
| Lighter ZEC | +0.0256% | 1h | 1,462 | +0.122% | $19.2M | $46.0M | 20x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0276% | 1h | 1,460.2 | long leg | $18.1M | $45.0M | 25x | |
| Lighter RH ZEC | +0.0368% | 1h | 1,461.2 | +0.071% | $2.1M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,460.8 | +0.041% | $925K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,462.4 | +0.152% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,461.7 | +0.102% | $683K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0681% | 1h | 1,461.1 | +0.059% | $45K | $49K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit 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-USDT
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
Phoenix ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD