Funding you earn now, next payment 05:57 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.034%
Price spread now: Kraken Futures against Perpl+0.068%7-day average +0.087% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now +0.068%, 7d avg +0.087%
=Together, before fees−0.018%+ Points / potential airdropPerpl: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,486.4 | 0 | get 0.0000% / 43m | 12m 41s | $61K | $294K | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,487.4 | −0.0097 | pay 0.0012% / 1h | 49m 41s | $18.0M | $46.5M | 25x |
Perpl ZEC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Perpl. 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
- −$20.28
- Price spread: +0.068% → +0.087%
- −$1.89
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$45.97
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 0.50 bp | 10.4 bp −$10 | 13.1 bp −$131 | 20.6 bp −$2,064 | 107.4 bp −$53.7K |
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 | −0.3684% | 1h | 1,491.6 | +0.352% | $34K | $273K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0140% | 1h | 1,485.7 | −0.042% | $411K | $932K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0117% | 8h | 1,483 | −0.223% | $30.6M | $73.6M | 75x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | +0.289% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0097% | 1h | 1,487.4 | +0.068% | $18.0M | $46.5M | 25x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,485.8 | −0.035% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,485.1 | −0.083% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,485.4 | −0.065% | $1.6M | $4.7M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,486.4 | long leg | $61K | $294K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,486.9 | +0.037% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0073% | 8h | 1,486.9 | +0.040% | $299K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,487.9 | +0.106% | $157K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,482.7 | −0.245% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,485.1 | −0.084% | $14.1M | $30.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,485.5 | −0.061% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,485.5 | −0.059% | $691.5M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,485 | −0.088% | $270.0M | $627.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,485.1 | −0.083% | $180.0M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,487 | +0.044% | $405K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,485.6 | −0.052% | $54.1M | $180.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,485.3 | −0.073% | $233.8M | $775.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,485.4 | −0.066% | $102.0M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,485 | −0.094% | $160.2M | $287.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,485.9 | −0.033% | — | $115.5M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,487.7 | +0.094% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,483 | −0.227% | $48.4M | $33.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,488.1 | +0.120% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,485.4 | −0.065% | $3.1M | $477K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,483.3 | −0.207% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,487 | +0.044% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,487.3 | +0.063% | $164K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,486.2 | −0.012% | $454K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,489 | +0.178% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,487.2 | +0.060% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,486.3 | −0.004% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,487.4 | +0.071% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,485.6 | −0.048% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,488 | +0.108% | $11K | $862K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,485.3 | −0.073% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,487.2 | +0.060% | $45K | $149K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0109% | 1h | 1,487.6 | +0.085% | $707K | $1.4M | 25x | as long as short |
| Hyperliquid ZEC | +0.0111% | 1h | 1,486.4 | +0.003% | $771.9M | $439.8M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,487.8 | +0.099% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0121% / S −0.0105% | 1h | 1,486.6 | +0.014% | $431K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,487.7 | +0.093% | $930K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,490.8 | +0.301% | $4.7M | $1.4M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,489.5 | +0.211% | $626K | $8.6M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0234% | 1h | 1,488.8 | +0.164% | $48K | $63K | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,486.8 | +0.032% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0304% | 1h | 1,486.8 | +0.028% | $19.4M | $45.5M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,489.1 | +0.184% | $3.6M | $9.9M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Hyperliquid ZEC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Phoenix ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX