Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.019%

Price spread now: Katana Perps against GRVT+0.013%7-day average +0.002% · you sell dearer than you buy

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

Long on GRVT Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.013%, 7d avg +0.002%

Together, before fees+0.064%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ZEC_USDT_Perp	1,476.9	0.0100	pay 0.0100% / 8h	6h 49m	$3.0M	$450K	10x
Short	Katana Perps ZEC-USD	1,477.1	0.0100	get 0.0100% / 8h	6h 49m	$15K	$841K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 GRVTbpFee Katana PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.04
Price spread: +0.013% → +0.002%: $1.11
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$11.73
Costs to cover: 0.128%
Break-even: never at this rate

Slippage unknown: GRVT: 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 GRVT live order book, 5 min ago	1.56 bp	6.1 bp −$6	9.2 bp −$92	3924.6 bp −$392.5K	59581.3 bp −$29.79M
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	+0.110%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.6	+0.049%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0077%	1h	1,477.6	+0.047%	$401K	$519K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,475.3	−0.105%	$18.1M	$43.4M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.4	+0.031%	$416K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,477.8	+0.058%	$964K	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476.7	−0.011%	$84K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476	−0.059%	$5.2M	—	150x	as long as short
Variational Omni ZEC	+0.0010%	8h	1,477.5	+0.042%	$48.2M	$33.5M	—	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	−0.115%	$29.6M	$73.3M	75x	as long as short

Show 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	−0.097%	$295K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,477.2	+0.022%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,475.8	−0.074%	$384K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,479.5	+0.175%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0077%	8h	1,475.2	−0.118%	$180.9M	$1.29B	50x	as long as short
Gate ZEC_USDT	+0.0085%	8h	1,476	−0.062%	$50.2M	$174.0M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.5	−0.026%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USDshort	+0.0100%	8h	1,477.1	+0.013%	$15K	$841K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477.2	+0.021%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.4	+0.037%	$2.7M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.3	+0.027%	$769.0M	$449.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477	+0.006%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,477.6	+0.046%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.9	−0.135%	$683.5M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,474.7	−0.149%	$272.3M	$626.0M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.7	−0.423%	$895K	$17K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,475.2	−0.113%	$219.3M	$792.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,475.5	−0.098%	$104.0M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,475.4	−0.100%	$163.7M	$286.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,477.4	+0.032%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473	−0.267%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perplong	+0.0100%	8h	1,476.9	long leg	$3.0M	$450K	10x
ApeX Omni ZECUSDT	+0.0100%	1h	1,478.2	+0.087%	$430K	$902K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478.8	+0.125%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476.7	−0.014%	$343K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,475.9	−0.070%	$129K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,474.2	−0.180%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,479.3	+0.160%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,475.2	−0.116%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,474.1	−0.188%	$2.5M	$19.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.8	−0.075%	$3.8M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475.3	−0.112%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.3	−0.106%	$51K	$164K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0143%	1h	1,476.2	−0.050%	$607K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,478.5	+0.107%	$674K	$8.7M	10x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,476.9	−0.001%	$2.1M	$7.0M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,476.7	−0.017%	$19.3M	$47.9M	20x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,477.8	+0.058%	$858K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,478	+0.074%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0592%	1h	1,479.6	+0.179%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,475.2	−0.114%	$44K	$46K	10x	as long as short