Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.006%
Price spread now: Katana Perps against Deribit−0.011%7-day average −0.084% · 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)−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)−1.539%−$154 · spread now −0.011%, 7d avg −0.084%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Katana Perps is 0.073% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,448.5 | 0 | get 0.0000% / 1h | 39m 15s | $609K | $1.3M | 25x |
| Short | Katana Perps ZEC-USD | 1,448.4 | 0.0100 | get 0.0100% / 8h | 5h 39m | $13K | $855K | 10x |
Deribit ZEC_USDC-PERPETUAL
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Deribit. 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
- $20.96
- Price spread: −0.011% → −0.084%
- $7.3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $17.45
- Costs to cover
- 0.108%
- Break-even
- 1.2 days
Slippage unknown: Deribit: 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 Deribit live order book, 5 min ago | 3.97 bp | 8.8 bp −$9 | 15.9 bp −$159 | doesn't fit | 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 | 1,453.3 | +0.326% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,453.1 | +0.314% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0079% | 8h | 1,449.9 | +0.096% | $29.3M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.9 | +0.094% | $408K | $45K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,449.8 | +0.088% | $957K | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450 | +0.100% | $83K | $248K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | 0.0000% | 1h | 1,448.5 | long leg | $609K | $1.3M | 25x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,449.7 | +0.077% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0039% | 8h | 1,448.8 | +0.016% | $289K | $979K | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0043% | 1h | 1,450 | +0.100% | $396K | $432K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.PShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0053% / S −0.0009% | 1h | 1,449.6 | +0.075% | $374K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,454.9 | +0.440% | $4.6M | $1.4M | 10x | as long as short |
| Gate ZEC_USDT | +0.0090% | 8h | 1,449.8 | +0.089% | $49.2M | $172.0M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,449.2 | +0.047% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0100% | 8h | 1,448.4 | −0.011% | $13K | $855K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.2 | +0.182% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.1 | +0.108% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.8 | +0.225% | $755.5M | $432.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,449.9 | +0.096% | $14.4M | $28.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.2 | +0.185% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,449.7 | +0.080% | $665.6M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.2 | +0.048% | $266.8M | $609.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,449.1 | +0.036% | $178.6M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | +0.697% | $886K | $16K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450.6 | +0.142% | $213.1M | $773.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,448.9 | +0.026% | $101.8M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,449 | +0.030% | $160.6M | $277.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,450.1 | +0.107% | — | $97.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453.2 | +0.323% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454.9 | +0.439% | $47.2M | $32.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.5 | +0.546% | $567K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | +0.740% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.9 | +0.711% | $420K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.4 | +0.402% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,450.3 | +0.121% | $322K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450.1 | +0.110% | $126K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,447.3 | −0.088% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,451.3 | +0.191% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.1 | +0.035% | $232K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,448.6 | +0.002% | $2.6M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.1 | +0.107% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,448.7 | +0.014% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,449.8 | +0.086% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,448.4 | −0.007% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,450.7 | +0.146% | $19.0M | $46.2M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0197% | 1h | 1,449.2 | +0.045% | $17.7M | $44.2M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,453 | +0.308% | $721K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0312% | 1h | 1,451 | +0.169% | $2.0M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,449.6 | +0.074% | $823K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,449.8 | +0.087% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0710% | 1h | 1,458.3 | +0.674% | $43K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD