Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h 0.000%

Price spread now: Katana Perps against Aevo+0.013%7-day average −0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−1.436%−$144 · spread now +0.013%, 7d avg −0.020%

Together, before fees−1.433%−$143 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.033% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,457.6	0.0104	pay 0.0013% / 1h	14m 58s	$47K	$153K	20x
Short	Katana Perps ZEC-USD	1,457.8	0.0100	get 0.0100% / 8h	5h 14m	$15K	$875K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee Katana PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.88
Price spread: +0.013% → −0.020%: $3.29
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$17.39
Costs to cover: 0.198%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 49 min ago; Katana Perps: no order-book sample. 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 Aevo live order book, 49 min ago	5.48 bp	14.8 bp −$15	23.1 bp −$231	41.0 bp −$4,096	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana 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 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	−0.3244%	1h	1,463.5	+0.402%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,458.1	+0.033%	$29.3M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.4	+0.400%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.7	+0.003%	$410K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.1	+0.311%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,458.1	+0.030%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.3	−0.023%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0050%	8h	1,457.8	+0.015%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,457.5	−0.010%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,461.9	+0.297%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,458.1	+0.033%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USDshort	+0.0100%	8h	1,457.8	+0.013%	$15K	$875K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457.9	+0.020%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,458	+0.026%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.9	+0.089%	$758.0M	$434.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,458	+0.024%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.5	+0.063%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.6	+0.002%	$667.6M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,457.5	−0.007%	$264.8M	$605.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,457.9	+0.017%	$178.4M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,460.5	+0.199%	$396K	$439K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.1	−0.103%	$882K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,457.8	+0.010%	$49.8M	$174.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.8	+0.010%	$216.8M	$780.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.9	+0.019%	$102.1M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.8	+0.016%	$162.2M	$273.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,458	+0.026%	—	$97.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,458.2	+0.041%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.2	+0.317%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.6	+0.208%	$570K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.3	+0.320%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461	+0.235%	$411K	$909K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.9	+0.365%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.2	−0.028%	$375K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.8	+0.011%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.6	−0.069%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.1	+0.172%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.6	+0.002%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.5	−0.076%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458	+0.028%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.5	−0.007%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,457.6	long leg	$47K	$153K	20x
01 Exchange ZECUSD	+0.0152%	1h	1,458.2	+0.038%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,457.6	0.000%	$18.0M	$44.6M	25x	as long as short
Lighter ZEC	+0.0232%	1h	1,459.3	+0.116%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,459.2	+0.108%	$701K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,459.7	+0.143%	$2.0M	$6.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0398%	1h	1,458.7	+0.076%	$613K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,458.5	+0.061%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,459.4	+0.120%	$3.7M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0689%	1h	1,459.7	+0.147%	$45K	$49K	10x	as long as short