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 −0.012%

Price spread now: Gate against Katana Perps−0.012%7-day average −0.001% · you buy dearer than you sell

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

Long on Katana Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.066%−$7 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.012%, 7d avg −0.001%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ZEC-USD	1,447.2	0.0100	pay 0.0100% / 8h	4h 50m	$10K	$874K	10x
Short	Gate ZEC_USDT	1,447	0.0100	get 0.0100% / 8h	4h 50m	$49.8M	$172.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 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 Katana PerpsbpFee GatebpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.04
Price spread: −0.012% → −0.001%: −$1.13
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.89
Costs to cover: 0.188%
Break-even: 3164.2 days

Slippage unknown: Katana Perps: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	0.31 bp	11.6 bp −$12	16.9 bp −$169	30.4 bp −$3,040	55.0 bp −$27.5K

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	−0.3166%	1h	1,449.6	+0.164%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,447.8	+0.038%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,447.1	−0.010%	$29.2M	$70.3M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,446.7	−0.037%	$407K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,448.2	+0.066%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,447.1	−0.010%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,447.8	+0.039%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0058%	8h	1,447.7	+0.035%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0064% / S −0.0014%	1h	1,448.2	+0.069%	$407K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,447.6	+0.030%	$7K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,447.6	+0.027%	$172K	$1.7M	50x	as long as short
Katana Perps ZEC-USDlong	+0.0100%	8h	1,447.2	long leg	$10K	$874K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,447.5	+0.022%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,447.4	+0.016%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,448.2	+0.068%	$753.3M	$434.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,447.9	+0.048%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,447.7	+0.032%	$1.6M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,448.8	+0.113%	$664.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,448.5	+0.091%	$261.3M	$602.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,448.8	+0.110%	$177.2M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	+0.103%	$394K	$449K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	+0.154%	$876K	$23K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,447	−0.012%	$49.8M	$172.1M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,448.4	+0.082%	$214.2M	$767.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,448.4	+0.082%	$101.9M	$55.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,448.6	+0.096%	$161.8M	$272.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,449.2	+0.137%	—	$99.5M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,448.2	+0.066%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.2	−0.004%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.2	+0.141%	$564K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.8	+0.108%	$3.0M	$424K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,448.4	+0.083%	$407K	$913K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,449.7	+0.171%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,447.3	+0.006%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,448.3	+0.076%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,446.7	−0.035%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,450.2	+0.204%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,447.8	+0.037%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447	−0.017%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,447.6	+0.027%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,448.2	+0.071%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,447.6	+0.027%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.6	+0.235%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0272%	1h	1,448.4	+0.084%	$608K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0279%	1h	1,447.5	+0.020%	$17.9M	$44.7M	25x	as long as short
Lighter ZEC	+0.0320%	1h	1,448.7	+0.102%	$19.0M	$45.8M	20x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,449.4	+0.149%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,448.2	+0.066%	$829K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,449.9	+0.187%	$3.7M	$8.9M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,449.9	+0.186%	$731K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0680%	1h	1,449.9	+0.183%	$44K	$49K	10x	as long as short