Funding you earn now, next payment 09:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h −0.027%
Price spread now: gTrade (Gains Network) against Katana Perps−0.204%46s7-day average −0.001% · 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)−0.101%−$10 on $10k
+Price spread, last 7 days+0.204%+$20 · spread now −0.204%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.203% cheaper against Katana Perps than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 46 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 | 1,500.4 | 0.0100 | pay 0.0100% / 8h | 7h 01m | $15K | $885K | 10x |
| Short | gTrade (Gains Network) ZEC/USD | 1,497.3 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 1m 20s | $5.3M | — | 150x |
Katana Perps ZEC-USD
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.65
- Price spread: −0.204% → −0.001%
- −$20.3
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$53.75
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.05 bp | 135.0 bp −$135 | 584.7 bp −$5,847 | 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 50 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 | −0.3702% | 1h | 1,478.9 | −1.429% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,496.7 | −0.244% | $61K | $307K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0240% | 1h | 1,499.1 | −0.085% | $46K | $60K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,497.7 | −0.175% | $31.6M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,497 | −0.225% | $6K | $1K | 10x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,497.7 | −0.181% | $1.5M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,497.3 | −0.204% | $5.3M | — | 150x | |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,499.1 | −0.087% | $18.3M | $47.4M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,500.8 | +0.031% | $8K | $6K | 5x | as long as short |
| dYdX ZEC-USD | +0.0066% | 1h | 1,497.4 | −0.197% | $413K | $34K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kalshi KXZECPERP
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
dYdX ZEC-USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0082% | 1h | 1,497.9 | −0.168% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,498.7 | −0.115% | $303K | $860K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,498.8 | −0.103% | $19.5M | $46.2M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,499 | −0.092% | $2.1M | $7.7M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,500.5 | +0.009% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,497.9 | −0.164% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,500.4 | long leg | $15K | $885K | 10x | |
| Nado ZEC-PERP | +0.0100% | 1h | 1,500.1 | −0.020% | $3.1M | $7.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,501 | +0.042% | $786.7M | $445.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,499.5 | −0.057% | $14.0M | $29.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,499.5 | −0.058% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,499.6 | −0.050% | $707.5M | $2.28B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,498.6 | −0.115% | $273.2M | $606.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,498.6 | −0.120% | $186.3M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,495.1 | −0.351% | $407K | $529K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,501.1 | +0.047% | $608K | $8.7M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,501.6 | +0.079% | $772K | $147K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,499.5 | −0.059% | $60.5M | $189.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,500.1 | −0.021% | $406.8M | $847.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,499.9 | −0.032% | $102.7M | $55.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,499.1 | −0.086% | $163.5M | $290.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,497.7 | −0.177% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,498 | −0.157% | $2.3M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,499.4 | −0.063% | $49.5M | $35.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.6 | −0.049% | $548K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,499.1 | −0.087% | $3.1M | $561K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,499 | −0.089% | $412K | $955K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,497.7 | −0.176% | $50K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,500.1 | −0.018% | $372K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,499.2 | −0.075% | $168K | $190K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,502.4 | +0.132% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,498.9 | −0.100% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,497.5 | −0.195% | $2.7M | $20.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,499 | −0.093% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,498.7 | −0.114% | $2.8M | $7.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,499 | −0.094% | $43K | $157K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,497.1 | −0.217% | $987K | $1.2M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0167% / S −0.0166% | 1h | 1,498.9 | −0.097% | $341K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0227% | 1h | 1,499.7 | −0.047% | $686K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,500.3 | −0.003% | $3.9M | $9.8M | 50x | as long as short |
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
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
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX