Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.055%

Price spread now: Kraken Futures against Katana Perps+0.001%7-day average +0.047% · you sell dearer than you buy

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

Long on Katana Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.427%+$43 · spread now +0.001%, 7d avg +0.047%

Together, before fees+0.335%+$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.046% cheaper against Katana Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ZEC-USD	1,503.3	0.0098	pay 0.0098% / 8h	5h 27m	$25K	$866K	10x
Short	Kraken Futures PF_ZECUSD	1,503.3	0.0099	get 0.0012% / 1h	27m 49s	$18.6M	$45.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0.14
Price spread: +0.001% → +0.047%: −$4.64
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.3
Costs to cover: 0.138%
Break-even: 948.7 days

Slippage unknown: Katana Perps: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 4 min ago	1.20 bp	11.0 bp −$11	13.8 bp −$138	23.7 bp −$2,373	146.2 bp −$73.1K

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 exchanges

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	−0.4130%	1h	1,489.4	−0.923%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0241%	1h	1,503.5	+0.014%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,503.7	+0.031%	$32.0M	$72.9M	75x	as long as short
ApeX Omni ZECUSDT	−0.0169%	1h	1,501.7	−0.104%	$411K	$951K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0152%	1h	1,503.3	+0.002%	$409K	$497K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.1	−0.010%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,502.6	−0.043%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.9	+0.039%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502.5	−0.050%	$63K	$300K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,502.7	−0.037%	$685K	$1.3M	25x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,502.2	−0.075%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,504.7	+0.097%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,503.6	+0.024%	$909K	$1.3M	10x	as long as short
Phoenix ZEC	+0.0060%	1h	1,502.4	−0.055%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0064%	8h	1,501.5	−0.119%	$303K	$717K	20x	as long as short
Aster ZECUSDT	+0.0084%	8h	1,502.7	−0.037%	$14.3M	$27.2M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,504	+0.048%	$19.9M	$39.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,504	+0.051%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.4	+0.007%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USDlong	+0.0098%	8h	1,503.3	long leg	$25K	$866K	10x
Kraken Futures PF_ZECUSDshort	+0.0099%	1h	1,503.3	+0.001%	$18.6M	$45.7M	25x
Paradex ZEC-USD-PERP	+0.0099%	8h	1,502.2	−0.068%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,503.1	−0.014%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.6	+0.022%	$792.0M	$432.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,502.8	−0.030%	$1.6M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.6	−0.044%	$704.4M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,502.1	−0.078%	$273.6M	$587.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502	−0.084%	$185.8M	$1.29B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,504	+0.047%	$596K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.7	+0.361%	$782K	$163K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.1	−0.013%	$63.6M	$174.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.7	−0.038%	$180.7M	$836.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.6	−0.046%	$105.8M	$52.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503	−0.017%	$164.3M	$277.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,502.2	−0.069%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,503.2	−0.002%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	−0.140%	$49.5M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,501.9	−0.092%	$549K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.6	−0.111%	$3.1M	$616K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.5	+0.016%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502.3	−0.065%	$369K	$1.5M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.6	−0.044%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.8	+0.098%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.6	−0.045%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,503.1	−0.011%	$2.6M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.2	−0.007%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.1	−0.014%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,501.9	−0.091%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0193% / S −0.0209%	1h	1,504.1	+0.055%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,505.5	+0.146%	$3.9M	$9.4M	50x	as long as short