Funding you earn now, next payment 05:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.043%
Price spread now: Kraken Futures against SoDEX−0.013%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 3 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.013%, 7d avg +0.027%
=Funding pays, the price is against you. Kraken Futures is 0.039% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.027%). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.045% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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 | SoDEX ZEC-USD | 1,460.7 | 0.0100 | pay 0.0013% / 1h | 15m 11s | $234K | $3.2M | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,460.5 | 0.0332 | get 0.0041% / 1h | 15m 11s | $18.1M | $45.2M | 25x |
SoDEX ZEC-USD
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- $48.67
- Price spread: −0.013% → +0.027%
- −$3.93
- Slippage, 4 orders
- −$12.97
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $13.77
- Costs to cover
- 0.310%
- Break-even
- 5.0 days
Slippage from SoDEX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 SoDEX live order book, 4 min ago | 1.03 bp | 6.3 bp −$6 | 17.6 bp −$176 | 105.0 bp −$10.5K | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 2.02 bp | 10.4 bp −$10 | 15.1 bp −$151 | 22.0 bp −$2,204 | 77.7 bp −$38.8K |
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 | −0.3042% | 1h | 1,460.8 | +0.007% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,459.9 | −0.056% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,460.7 | +0.001% | $29.6M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,459.7 | −0.069% | $406K | $41K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460.5 | −0.016% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.8 | +0.003% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,460.4 | −0.022% | $292K | $916K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0087% / S −0.0038% | 1h | 1,460.9 | +0.015% | $435K | — | 100x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0092% | 1h | 1,458.4 | −0.159% | $396K | $435K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.7 | −0.003% | $174K | $1.6M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Ondo Perps ZEC-USD.P
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,460.9 | +0.015% | $14K | $802K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.8 | +0.002% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460 | −0.050% | $2.8M | $6.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.8 | +0.003% | $14.5M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460.2 | −0.038% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.1 | +0.028% | $672.7M | $2.17B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,460.4 | −0.021% | $261.5M | $589.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,461 | +0.022% | $179.3M | $1.21B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.9 | −0.194% | $881K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,460.8 | +0.008% | $52.2M | $172.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.1 | +0.026% | $219.2M | $772.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.1 | +0.023% | $103.1M | $53.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.9 | +0.014% | $165.8M | $268.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,460.2 | −0.033% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,458.8 | −0.133% | $47.8M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | −0.076% | $568K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | −0.098% | $3.0M | $464K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.6 | −0.142% | $403K | $944K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459 | −0.118% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,461.2 | +0.033% | $355K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.9 | +0.015% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.5 | −0.082% | $446K | $504K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.9 | +0.151% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USDlong | +0.0100% | 1h | 1,460.7 | long leg | $234K | $3.2M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458.5 | −0.155% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460.7 | −0.003% | $3.8M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.4 | −0.023% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460.5 | −0.017% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,459.8 | −0.063% | $4.6M | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,462.2 | +0.101% | $2.1M | $7.0M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,461.3 | +0.042% | $8K | $7K | 5x | as long as short |
| Hyperliquid ZEC | +0.0142% | 1h | 1,462 | +0.088% | $761.8M | $424.7M | 10x | as long as short |
| Lighter ZEC | +0.0160% | 1h | 1,462.1 | +0.096% | $19.4M | $45.3M | 20x | as long as short |
| Kalshi KXZECPERP | +0.0186% | 8h | 1,460.8 | +0.008% | $1.5M | $4.4M | 2.2x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,460.8 | +0.005% | $924K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0258% | 1h | 1,460.4 | −0.025% | $2.4M | $3.8M | 15x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0319% | 1h | 1,461.5 | +0.053% | $615K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSDshort | +0.0332% | 1h | 1,460.5 | −0.013% | $18.1M | $45.2M | 25x | |
| Arcus ZEC-USD | +0.0344% | 1h | 1,461.8 | +0.075% | $686K | $8.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,461.3 | +0.039% | $3.8M | $9.2M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0676% | 1h | 1,460 | −0.047% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
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
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
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Lighter RH ZEC
01 Exchange ZECUSD
Hyperliquid ZEC
Lighter ZEC
Kalshi KXZECPERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD