Funding you earn now, next payment 06:00 UTC+0.0409%/8h= +44.7% APRpaid last 24h +0.036%
Price spread now: Arcus against Katana Perps+0.071%7-day average +0.043% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.054%+$5 on $10k
+Price spread, last 7 days−0.030%−$3 · spread now +0.071%, 7d avg +0.043%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Arcus is 0.028% dearer against Katana Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.054% in total (about 5.4% a year). A funding rate is set anew for every payment. 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 | Katana Perps ZEC-USD | 1,466.9 | 0.0100 | pay 0.0100% / 8h | 2h 55m | $12K | $799K | 10x |
| Short | Arcus ZEC-USD | 1,468 | 0.0508 | get 0.0064% / 1h | 55m 09s | $670K | $8.2M | 10x |
Katana Perps ZEC-USD
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Katana Perps. 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
- $85.81
- Price spread: +0.071% → +0.043%
- $2.82
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $80.33
- Costs to cover
- 0.083%
- Break-even
- 0.4 days
Slippage unknown: Katana Perps: no order-book sample; Arcus: live order book, 4 min ago. 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 4 min ago | 0.00 bp | 7.2 bp −$7 | 13.3 bp −$133 | doesn't fit | doesn't fit |
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 | −0.3243% | 1h | 1,467.4 | +0.034% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.1 | +0.011% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0072% | 8h | 1,465.8 | −0.074% | $29.8M | $70.7M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0033% | 1h | 1,466.6 | −0.022% | $398K | $435K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.8 | −0.007% | $408K | $37K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,466.1 | −0.058% | $8K | $7K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.1 | −0.057% | $84K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,466.3 | −0.041% | $617K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466 | −0.063% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,465.6 | −0.089% | $293K | $900K | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
dYdX ZEC-USD
01 Exchange ZECUSD
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0092% / S −0.0044% | 1h | 1,465.8 | −0.075% | $437K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,467.5 | +0.038% | $2.1M | $7.0M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466 | −0.063% | $173K | $1.6M | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,466.9 | long leg | $12K | $799K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.4 | −0.033% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467 | +0.006% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.9 | −0.001% | $764.1M | $420.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.2 | −0.048% | $14.5M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.8 | −0.008% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466 | −0.061% | $676.1M | $2.17B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,465.2 | −0.118% | $261.7M | $586.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,465 | −0.131% | $178.9M | $1.21B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.8 | −0.280% | $884K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,465.9 | −0.073% | $52.6M | $169.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.8 | −0.076% | $219.0M | $756.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466 | −0.065% | $103.2M | $52.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466 | −0.063% | $166.6M | $267.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,466.1 | −0.056% | — | $107.5M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,466.7 | −0.017% | $48.1M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,466.6 | −0.023% | $572K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.3 | +0.029% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,467.3 | +0.028% | $405K | $922K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467 | +0.007% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.076% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,465.6 | −0.088% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465 | −0.133% | $447K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.6 | +0.115% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.077% | $235K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.4 | −0.039% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.3 | −0.041% | $3.9M | $4.8M | 50x | as long as short |
| Kalshi KXZECPERP | +0.0101% | 8h | 1,466.6 | −0.020% | $1.5M | $4.4M | 2.2x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,467.2 | +0.021% | $19.4M | $43.8M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,465.9 | −0.066% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.6 | −0.092% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,467.5 | +0.036% | $4.7M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0145% | 1h | 1,466.1 | −0.059% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0147% | 1h | 1,465.8 | −0.075% | $18.0M | $45.6M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,466.6 | −0.021% | $927K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,467.8 | +0.059% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USDshort | +0.0508% | 1h | 1,468 | +0.071% | $670K | $8.2M | 10x | |
| Aftermath Perps ZECUSD | +0.0683% | 1h | 1,466.3 | −0.040% | $45K | $49K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZEC
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
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Kalshi KXZECPERP
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD