Funding you earn now, next payment 23:00 UTC−0.0504%/8h= −55.2% APRnext payment −$0.63 per $10,000 · paid last 24h −0.032%
Price spread now: Kraken Futures against Pacifica−0.099%7-day average +0.025% · 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−$42as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.541%+$54 · spread now −0.099%, 7d avg +0.025%
=Together, before fees+0.544%+ Points / potential airdropPacifica: Active · farm board+$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.124% cheaper against Pacifica than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ZEC | 1,468.1 | 0.0100 | pay 0.0013% / 1h | 14m 25s | $1.7M | $3.0M | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,466.7 | −0.0404 | pay 0.0051% / 1h | 14m 25s | $17.8M | $44.6M | 25x |
Pacifica ZEC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Pacifica. 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
- −$105.88
- Price spread: −0.099% → +0.025%
- −$12.43
- Slippage, 4 orders
- −$11.77
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$148.08
- Costs to cover
- 0.298%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Pacifica live order book, 5 min ago | 0.82 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 1.60 bp | 9.6 bp −$10 | 14.4 bp −$144 | 26.4 bp −$2,637 | 113.7 bp −$56.8K |
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 | −0.3310% | 1h | 1,467.5 | −0.042% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0404% | 1h | 1,466.7 | −0.099% | $17.8M | $44.6M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0243% | 1h | 1,464.9 | −0.221% | $397K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,467 | −0.079% | $29.3M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.7 | −0.031% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0067% | 8h | 1,466.3 | −0.127% | $271.2M | $666.0M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,463.6 | −0.310% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.9 | −0.085% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.1 | −0.001% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.1 | −0.070% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.3 | −0.056% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,466.8 | −0.089% | $293K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,467 | −0.080% | $356K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0043% | 8h | 1,466.8 | −0.094% | $177.0M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,466.8 | −0.089% | $49.9M | $186.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,467.8 | −0.023% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,465.1 | −0.207% | $4.6M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0079% | 1h | 1,463.2 | −0.340% | $429K | $824K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467 | −0.081% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,467 | −0.079% | $14K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467.1 | −0.069% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.1 | 0.000% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.2 | +0.004% | $761.8M | $478.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.9 | −0.085% | $15.6M | $32.5M | 75x | as long as short |
| Pacifica ZEClong | +0.0100% | 1h | 1,468.1 | long leg | $1.7M | $3.0M | 10x | |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.9 | −0.084% | $676.4M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.286% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467 | −0.076% | $223.7M | $868.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.3 | −0.060% | $103.8M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.9 | −0.085% | $162.7M | $304.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,465.8 | −0.159% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,464 | −0.283% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.3 | −0.262% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.5 | −0.046% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.3 | −0.057% | $345K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.096% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.4 | −0.189% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469 | +0.059% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.096% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.5 | −0.112% | $2.5M | $23.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.6 | −0.103% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.5 | −0.041% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.2 | −0.066% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0116% | 1h | 1,467.8 | −0.025% | $597K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,469.1 | +0.064% | $19.0M | $52.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0174% | 1h | 1,467.7 | −0.027% | $2.4M | $3.7M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,467.9 | −0.015% | $843K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,469.7 | +0.109% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,469.3 | +0.080% | $3.7M | $11.4M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,468.3 | +0.012% | $724K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0587% | 1h | 1,466.7 | −0.100% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Binance ZECUSDT
Bulk ZEC-USD
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
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD