Funding arb · Price arb /

ZEC

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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 −0.009%

Price spread now: MEXC against Katana Perps+0.070%58s7-day average +0.002% · you sell dearer than you buy

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

Long on Katana Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.047%−$5 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.070%, 7d avg +0.002%

Together, before fees−0.146%−$15 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: MEXC is 0.068% dearer against Katana Perps than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 58 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	1,449.1	0.0100	pay 0.0100% / 8h	4h 41m	$11K	$875K	10x
Short	MEXC ZEC_USDT	1,450.1	0.0100	get 0.0100% / 8h	4h 41m	$215.2M	$769.4M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0.04
Price spread: +0.070% → +0.002%: $6.8
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.05
Costs to cover: 0.038%
Break-even: from the start

Slippage unknown: Katana Perps: no order-book sample; MEXC: live order book, 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 MEXC live order book, 2 min ago	0.03 bp	0.0 bp $0	0.0 bp $0	0.6 bp −$59	58.6 bp −$29.3K

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	1,451.5	+0.162%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,450.5	+0.097%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,450.3	+0.081%	$29.2M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,449.9	+0.055%	$408K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,450	+0.063%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,449	−0.008%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.9	−0.016%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0059%	8h	1,449	−0.006%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0065% / S −0.0016%	1h	1,448.7	−0.028%	$407K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,449.4	+0.019%	$8K	$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	1,449.3	+0.016%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USDlong	+0.0100%	8h	1,449.1	long leg	$11K	$875K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.3	+0.079%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.1	+0.071%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,450.6	+0.103%	$754.5M	$434.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,449.6	+0.033%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,450.2	+0.077%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,450.3	+0.082%	$665.7M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,449.9	+0.055%	$260.8M	$602.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,450.3	+0.081%	$177.0M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	−0.028%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	+0.110%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,449.6	+0.032%	$49.8M	$173.0M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,450.1	+0.070%	$215.2M	$769.4M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,449.7	+0.039%	$102.0M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,449.7	+0.041%	$164.6M	$274.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,449.6	+0.034%	—	$101.1M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.2	+0.008%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.3	−0.122%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,447.5	−0.113%	$563K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.6	+0.101%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,449.9	+0.054%	$403K	$921K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.9	+0.124%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449	−0.008%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.2	+0.003%	$159K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.9	−0.085%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.1	+0.204%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,449	−0.006%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447.8	−0.092%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.1	+0.001%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,449.3	+0.015%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448.8	−0.023%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,451.4	+0.157%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0231%	1h	1,449.6	+0.031%	$608K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0279%	1h	1,448.7	−0.025%	$17.9M	$44.9M	25x	as long as short
Lighter ZEC	+0.0328%	1h	1,451.4	+0.161%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,449.5	+0.024%	$919K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,452.6	+0.243%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0472%	1h	1,451.8	+0.183%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,449.6	+0.036%	$737K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0672%	1h	1,449.8	+0.049%	$44K	$49K	10x	as long as short