ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.077%

Price spread now: Coinbase International against Katana Perps+0.338%7-day average +0.144% · you sell dearer than you buy

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

Long on Katana Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.181%+$18 on $10k

Price spread, last 4 days (all we have)+1.237%+$124 · spread now +0.338%, 7d avg +0.144%

Together, before fees+1.418%+$142 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.195% dearer against Katana Perps than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ZEC-USD	1,450.6	0.0100	pay 0.0100% / 8h	5h 34m	$14K	$854K	10x
Short	Coinbase International ZEC-PERP-INTX	1,455.5	0.0456	get 0.0057% / 1h	34m 19s	$3.7M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Katana PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.338%Rate

Funding earned: $74.8
Price spread: +0.338% → +0.144%: $19.48
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $80.48
Costs to cover: 0.138%
Break-even: from the start

Slippage unknown: Katana Perps: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	3.38 bp	14.2 bp −$14	17.2 bp −$172	50.9 bp −$5,087	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	−0.3244%	1h	1,451.4	+0.054%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0080%	8h	1,453.2	+0.179%	$29.5M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.2	+0.113%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.6	+0.070%	$409K	$44K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,452.5	+0.132%	$1.4M	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.7	+0.080%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.4	+0.196%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0041%	8h	1,453.4	+0.197%	$290K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,453.3	+0.191%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,449.2	−0.095%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	+0.0087%	1h	1,450	−0.037%	$407K	$904K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.3	+0.122%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USDlong	+0.0100%	8h	1,450.6	long leg	$14K	$854K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452	+0.099%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,451.9	+0.095%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.3	+0.257%	$756.8M	$433.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.3	+0.121%	$14.4M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,452.3	+0.119%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,454.2	+0.251%	$665.9M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,453.4	+0.194%	$266.3M	$610.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.9	+0.232%	$179.2M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,445.9	−0.322%	$394K	$431K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	+0.045%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.5	+0.199%	$49.5M	$172.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.5	+0.200%	$213.0M	$774.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452	+0.101%	$102.0M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.6	+0.209%	$161.5M	$277.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453.6	+0.208%	—	$97.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.9	+0.229%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,448.7	−0.128%	$46.8M	$32.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.1	−0.104%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,449.1	−0.105%	$3.0M	$419K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452	+0.097%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.5	+0.133%	$323K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.7	+0.214%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.1	+0.108%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.398%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.7	+0.216%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.2	+0.044%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.2	+0.247%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.5	+0.201%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.3	+0.188%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,453	+0.168%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,453.9	+0.231%	$17.9M	$44.5M	25x	as long as short
Lighter ZEC	+0.0200%	1h	1,455.2	+0.317%	$19.0M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,454.1	+0.245%	$716K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0320%	1h	1,454	+0.239%	$611K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0352%	1h	1,455.6	+0.348%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,452.6	+0.137%	$829K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0456%	1h	1,455.5	+0.338%	$3.7M	$9.1M	50x
Aftermath Perps ZECUSD	+0.0713%	1h	1,454.2	+0.251%	$43K	$46K	10x	as long as short