Funding you earn now, next payment 03:00 UTC+0.0215%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h +0.066%
Price spread now: RISEx against Kraken Futures+0.018%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 4 days (all we have)+0.282%+$28 on $10k
+Price spread, last 3 days (all we have)−0.228%−$23 · spread now +0.018%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,466.9 | 0.0194 | pay 0.0024% / 1h | 52m 11s | $18.1M | $43.7M | 25x |
| Short | RISEx ZEC/USDC | 1,467.1 | 0.0409 | get 0.0051% / 1h | 52m 11s | $849K | $1.0M | 10x |
Kraken Futures PF_ZECUSD
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $45.19
- Price spread: +0.018% → −0.001%
- $1.87
- Slippage, 4 orders
- −$11.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $20.02
- Costs to cover
- 0.270%
- Break-even
- 3.9 days
Slippage from Kraken Futures: live order book, 2 min ago; RISEx: live order book, 1 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, 2 min ago | 2.66 bp | 9.7 bp −$10 | 12.3 bp −$123 | 18.8 bp −$1,882 | 106.8 bp −$53.4K |
| Sell RISEx live order book, 1 min ago | 0.75 bp | 3.8 bp −$4 | 8.7 bp −$87 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3244% | 1h | 1,469.5 | +0.182% | $34K | $272K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0430% | 1h | 1,464 | −0.198% | $426K | $879K | 50x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,464.1 | −0.189% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.2 | −0.114% | $413K | $47K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466.6 | −0.018% | $968K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.8 | −0.003% | $84K | $249K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0005% | 1h | 1,465.5 | −0.093% | $397K | $440K | 5x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.8 | −0.006% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0034% | 8h | 1,466.7 | −0.013% | $293K | $983K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,466.6 | −0.018% | $383K | — | 100x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Ondo Perps ZEC-USD.P
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,462.9 | −0.267% | $4.6M | $1.4M | 10x | as long as short |
| Variational Omni ZEC | +0.0084% | 8h | 1,465.1 | −0.123% | $47.8M | $32.1M | — | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.6 | −0.017% | $174K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466.6 | −0.020% | $19K | $846K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.7 | −0.007% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.7 | −0.010% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.6 | +0.051% | $765.0M | $432.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.5 | −0.026% | $14.7M | $29.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.5 | −0.023% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467 | +0.010% | $677.6M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466.4 | −0.028% | $271.6M | $604.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,466.7 | −0.011% | $180.6M | $1.24B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.6 | −0.293% | $888K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,466.7 | −0.010% | $50.1M | $170.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.7 | −0.010% | $215.6M | $768.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.5 | −0.024% | $103.2M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.9 | +0.002% | $163.0M | $275.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,466 | −0.062% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.8 | −0.346% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.9 | −0.063% | $3.0M | $430K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,466.2 | −0.045% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.4 | −0.031% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.8 | −0.007% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.3 | −0.105% | $447K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.9 | +0.137% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.9 | +0.001% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465.9 | −0.065% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.7 | −0.011% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.7 | −0.009% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,467.3 | +0.029% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466.5 | −0.024% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,468.4 | +0.102% | $19.2M | $45.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0161% | 1h | 1,467.5 | +0.045% | $612K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0162% | 1h | 1,466 | −0.060% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0194% | 1h | 1,466.9 | long leg | $18.1M | $43.7M | 25x | |
| Arcus ZEC-USD | +0.0277% | 1h | 1,468.2 | +0.089% | $698K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,468.7 | +0.126% | $2.1M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDCshort | +0.0409% | 1h | 1,467.1 | +0.018% | $849K | $1.0M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,467.5 | +0.040% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0727% | 1h | 1,467.1 | +0.018% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Variational Omni ZEC
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD