Funding you earn now, next payment 01:00 UTC−0.0372%/8h= −40.8% APRpaid last 24h −0.081%
Price spread now: Katana Perps against Coinbase International−0.193%7-day average −0.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.175%−$18 on $10k
+Price spread, last 3 days (all we have)−0.079%−$8 · spread now −0.193%, 7d avg −0.143%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Katana Perps is 0.050% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.143%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ZEC-PERP-INTX | 1,478 | 0.0472 | pay 0.0059% / 1h | 48m 34s | $3.7M | $9.7M | 50x |
| Short | Katana Perps ZEC-USD | 1,475.2 | 0.0100 | get 0.0100% / 8h | 6h 48m | $14K | $832K | 10x |
Coinbase International ZEC-PERP-INTX
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Coinbase International. 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
- −$78.16
- Price spread: −0.193% → −0.143%
- −$5.03
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$96.99
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago | 1.87 bp | 11.9 bp −$12 | 15.6 bp −$156 | 50.1 bp −$5,008 | 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 | −0.3678% | 1h | 1,478.5 | +0.035% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,475.7 | −0.155% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0068% | 1h | 1,477.6 | −0.027% | $401K | $519K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,475.3 | −0.180% | $18.1M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,476.2 | −0.124% | $416K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477.8 | −0.016% | $964K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.1 | −0.197% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,476 | −0.133% | $5.2M | — | 150x | as long as short |
| Variational Omni ZEC | +0.0010% | 8h | 1,477.5 | −0.032% | $48.2M | $33.5M | — | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | −0.189% | $29.6M | $73.3M | 75x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Variational Omni ZEC
BloFin ZEC-USDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,475.5 | −0.171% | $295K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,475.3 | −0.182% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,475.8 | −0.148% | $384K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,479.5 | +0.100% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0077% | 8h | 1,474.8 | −0.217% | $180.9M | $1.29B | 50x | as long as short |
| Gate ZEC_USDT | +0.0085% | 8h | 1,475.5 | −0.170% | $50.2M | $174.0M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,475.2 | −0.187% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0100% | 8h | 1,475.2 | −0.193% | $14K | $832K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475.2 | −0.188% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,475.6 | −0.160% | $2.7M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.7 | −0.156% | $768.2M | $449.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,476.1 | −0.131% | $14.9M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,476 | −0.134% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,475.1 | −0.195% | $683.6M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,474.7 | −0.226% | $272.1M | $626.2M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | −0.497% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,475.3 | −0.185% | $219.1M | $792.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,475.8 | −0.150% | $104.1M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.8 | −0.217% | $163.6M | $286.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,474.6 | −0.229% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | −0.341% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476.9 | −0.074% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,478.2 | +0.012% | $430K | $902K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.9 | −0.072% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,475 | −0.203% | $342K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,475.9 | −0.144% | $129K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,474.2 | −0.255% | $459K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,479.3 | +0.085% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,475.2 | −0.190% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474.1 | −0.263% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475.8 | −0.149% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.8 | −0.218% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,475.3 | −0.180% | $51K | $164K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0143% | 1h | 1,476.2 | −0.124% | $607K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,476.8 | −0.081% | $679K | $8.7M | 10x | as long as short |
| Lighter RH ZEC | +0.0280% | 1h | 1,477.4 | −0.041% | $2.1M | $7.0M | 10x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,477.3 | −0.047% | $19.3M | $48.0M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,476.1 | −0.130% | $857K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0472% | 1h | 1,478 | long leg | $3.7M | $9.7M | 50x | |
| Backpack ZEC_USDC_PERP | +0.0578% | 1h | 1,475.7 | −0.154% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0746% | 1h | 1,475.2 | −0.188% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
Lighter ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD