Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.8% APRnext payment −$1.72 per $10,000 · paid last 24h −0.061%
Price spread now: BloFin against Katana Perps−0.100%96s7-day average +0.016% · 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)−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)+0.379%+$38 · spread now −0.100%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.116% cheaper against Katana Perps than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps ZEC-USD | 1,467.3 | 0.0100 | pay 0.0100% / 8h | 2h 53m | $12K | $797K | 10x |
| Short | BloFin ZEC-USDT | 1,465.8 | −0.0072 | pay 0.0072% / 8h | 2h 53m | $29.8M | $70.7M | 75x |
Katana Perps ZEC-USD
BloFin ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$36.12
- Price spread: −0.100% → +0.016%
- −$11.55
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$63.48
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 0.03 bp | 6.6 bp −$7 | 7.2 bp −$72 | 8.3 bp −$829 | 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 | +0.009% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466 | −0.091% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDTshort | −0.0072% | 8h | 1,465.8 | −0.100% | $29.8M | $70.7M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.4 | −0.129% | $407K | $37K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464 | −0.221% | $84K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,465.3 | −0.136% | $617K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,465 | −0.158% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,467 | −0.020% | $8K | $7K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0045% | 1h | 1,466.6 | −0.047% | $398K | $430K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,464.6 | −0.182% | $293K | $900K | 20x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
dYdX ZEC-USD
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
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 | 1,464.7 | −0.179% | $437K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,466 | −0.091% | $2.1M | $7.0M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465.2 | −0.145% | $173K | $1.6M | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,467.3 | long leg | $12K | $797K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.1 | −0.082% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.8 | −0.105% | $2.8M | $6.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,465.5 | −0.122% | $763.2M | $418.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.6 | −0.114% | $14.5M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.8 | −0.102% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.7 | −0.108% | $676.0M | $2.16B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,465.6 | −0.113% | $261.8M | $586.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,465.8 | −0.099% | $178.8M | $1.21B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.8 | −0.306% | $884K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,465.9 | −0.094% | $52.6M | $169.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.7 | −0.106% | $218.4M | $757.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.2 | −0.141% | $103.2M | $52.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.7 | −0.040% | $166.7M | $267.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,464.9 | −0.162% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,466.7 | −0.042% | $48.1M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,466.6 | −0.048% | $572K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.3 | +0.003% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,467.3 | +0.003% | $405K | $922K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467 | −0.018% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464.9 | −0.163% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,464.5 | −0.191% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,463.9 | −0.234% | $447K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.1 | −0.015% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,464.4 | −0.198% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465 | −0.156% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.9 | −0.162% | $3.9M | $4.8M | 50x | as long as short |
| Kalshi KXZECPERP | +0.0101% | 8h | 1,465.9 | −0.096% | $1.5M | $4.4M | 2.2x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,466.8 | −0.036% | $19.4M | $43.8M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.2 | −0.076% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.7 | −0.178% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,467.5 | +0.011% | $4.7M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0130% | 1h | 1,465 | −0.157% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0147% | 1h | 1,464.4 | −0.199% | $18.0M | $45.6M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,466.9 | −0.026% | $927K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,466.6 | −0.048% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,467.8 | +0.033% | $670K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0685% | 1h | 1,465.4 | −0.126% | $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-USDC
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
Arcus ZEC-USD
Aftermath Perps ZECUSD