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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h −0.030%
Price spread now: Kraken Futures against Ondo Perps+0.825%7-day average +0.084% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.379%−$38 on $10k
Price spread, last 4 days (all we have)−0.671%−$67 · spread now +0.825%, 7d avg +0.084%
Together, before fees−1.049%+ Points / potential airdropOndo Perps: Active · farm board−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.740% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.825% now, against its 7-day average of +0.084%): +$74 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ZEC-USD.P1,484.20.0100pay 0.0013% / 1h18m 40s$406K$512K5x
ShortKraken Futures PF_ZECUSD1,496.4−0.0096pay 0.0012% / 1h18m 40s$18.2M$46.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. 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
−$41.16
Price spread: +0.825% → +0.084%
$74.03
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$17.87
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Ondo Perps no order-book sample—————
Sell Kraken Futures live order book, 5 min ago3.46 bp11.2 bp −$1115.9 bp −$15927.0 bp −$2,702114.7 bp −$57.3K
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 50 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−0.3684%1h1,461.9−1.502%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,495.1+0.731%$62K$303K10xas long as short
BloFin ZEC-USDT−0.0158%8h1,495.9+0.787%$30.6M$74.9M75xas long as short
Kraken Futures PF_ZECUSDshort−0.0096%1h1,496.4+0.825%$18.2M$46.6M25x
Hotstuff ZEC-PERP−0.0080%1h1,497.3+0.885%$6K$1K10xas long as short
Bulk ZEC-USD−0.0051%1h1,487.2+0.199%$898K$9K10xas long as short
dYdX ZEC-USD0.0000%1h1,496.4+0.819%$416K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,492.9+0.589%$1.6M$4.6M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,487.2+0.202%$5.3M—150xas long as short
Aftermath Perps ZECUSD+0.0076%1h1,485.9+0.113%$47K$64K10xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0078%8h1,496.3+0.817%$301K$1.1M20xas long as short
Popdex ZECUSDT+0.0096%1h1,497+0.864%$171K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,496+0.796%$12K$876K10xas long as short
Nado ZEC-PERP+0.0100%1h1,496.8+0.850%$2.7M$7.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,496.2+0.811%$14.0M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,497.3+0.884%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,496.7+0.845%$697.5M$2.30B75xas long as short
Bybit ZECUSDT+0.0100%8h1,496.1+0.800%$267.7M$633.5M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,496.4+0.824%$182.8M$1.33B50xas long as short
Ondo Perps ZEC-USD.Plong+0.0100%1h1,484.2long leg$406K$512K5x
Gate ZEC_USDT+0.0100%8h1,496.7+0.840%$55.0M$184.4M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,496.3+0.817%$246.5M$790.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,497.1+0.870%$103.0M$57.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,496.7+0.841%$161.0M$289.2M75xas long as short
BingX ZEC-USDT+0.0100%8h1,496.3+0.815%—$116.2M—as long as short
Variational Omni ZEC+0.0100%8h1,485.5+0.090%$48.4M$34.5M—as long as short
edgeX ZECUSDC+0.0100%4h1,485.6+0.092%$570K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,487.2+0.203%$3.0M$511K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,488.1+0.264%$410K$942K50xas long as short
StandX ZEC-USD+0.0100%1h1,487.4+0.212%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,497.1+0.869%$359K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,496.8+0.846%$164K$184K20xas long as short
SunX ZEC-USDT+0.0100%8h1,499+0.997%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,495.8+0.779%$255K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,496.6+0.835%$2.7M$20.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,496.5+0.825%$4.0M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,496.6+0.836%$62K$43K10xas long as short
Extended ZEC-USD+0.0104%1h1,496.6+0.836%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,496.5+0.830%$43K$152K20xas long as short
01 Exchange ZECUSD+0.0120%1h1,497.7+0.910%$8K$7K5xas long as short
RISEx ZEC/USDC+0.0129%1h1,496.8+0.847%$937K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,487.9+0.252%$4.7M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0151% / S −0.0165%1h1,496.9+0.853%$485K—100xas long as short
Backpack ZEC_USDC_PERP+0.0166%1h1,497+0.861%$2.4M$3.9M15xas long as short
Arcus ZEC-USD+0.0221%1h1,497.7+0.910%$620K$8.7M10xas long as short
Hyperliquid ZEC+0.0222%1h1,498.3+0.950%$778.7M$443.2M10xas long as short
Lighter RH ZEC+0.0248%1h1,498.2+0.940%$2.1M$7.4M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0270%1h1,497.6+0.903%$684K$1.4M25xas long as short
Lighter ZEC+0.0296%1h1,499+0.996%$19.8M$46.0M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,498.3+0.950%$3.7M$10.1M50xas long as short