Funding you earn now, next payment 01:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.022%
Price spread now: Ondo Perps against Katana Perps−0.147%7-day average −0.038% · 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)−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.147%, 7d avg −0.038%
=Together, before fees+0.060%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Ondo Perps is 0.109% cheaper against Katana Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.023% in total (about -2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps ZEC-USD | 1,469.9 | 0.0100 | pay 0.0100% / 8h | 7h 05m | $12K | $847K | 10x |
| Short | Ondo Perps ZEC-USD.P | 1,467.7 | −0.0123 | pay 0.0015% / 1h | 5m 55s | $400K | $517K | 5x |
Katana Perps ZEC-USD
Ondo Perps ZEC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$46.83
- Price spread: −0.147% → −0.038%
- −$10.88
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$66.51
- Costs to cover
- 0.088%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample | — | — | — | — | — |
Katana Perps and Ondo 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 | −0.3321% | 1h | 1,471.6 | +0.116% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,471.1 | +0.085% | $17.9M | $43.1M | 25x | as long as short |
| Ondo Perps ZEC-USD.Pshort | −0.0123% | 1h | 1,467.7 | −0.147% | $400K | $517K | 5x | |
| BloFin ZEC-USDT | −0.0116% | 8h | 1,472.9 | +0.210% | $29.7M | $72.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.4 | +0.169% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0015% | 8h | 1,469.6 | −0.017% | $47.7M | $33.3M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471 | +0.075% | $414K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,470 | +0.007% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.8 | +0.203% | $961K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.4 | +0.038% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| 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 | 1,470.3 | +0.031% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0021% | 8h | 1,470.2 | +0.020% | $294K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470 | +0.009% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,470.2 | +0.025% | $378K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0066% | 8h | 1,470.2 | +0.022% | $181.4M | $1.29B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.3 | +0.029% | $173K | $1.8M | 50x | as long as short |
| Gate ZEC_USDT | +0.0097% | 8h | 1,470.1 | +0.014% | $50.3M | $182.2M | 75x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,469.9 | long leg | $12K | $847K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.1 | +0.084% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.7 | +0.123% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.1 | +0.084% | $766.1M | $451.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.8 | +0.063% | $14.9M | $31.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.6 | +0.119% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.1 | +0.013% | $683.3M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,470 | +0.012% | $272.9M | $628.6M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.5 | +0.182% | $686K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.139% | $893K | $21K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470 | +0.007% | $217.9M | $832.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.5 | +0.043% | $104.1M | $55.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.4 | +0.034% | $163.6M | $289.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,470.2 | +0.024% | — | $100.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.5 | −0.095% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.6 | −0.017% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.7 | −0.009% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.2 | +0.227% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470 | +0.010% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.9 | +0.003% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.6 | −0.084% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.2 | +0.156% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.1 | +0.087% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.1 | −0.053% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471.4 | +0.102% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.2 | +0.024% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.5 | +0.045% | $53K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0223% | 1h | 1,471.1 | +0.082% | $605K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,472.3 | +0.168% | $19.2M | $50.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,471.2 | +0.090% | $854K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472 | +0.146% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0515% | 1h | 1,471.2 | +0.090% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0696% | 1h | 1,472.8 | +0.203% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0752% | 1h | 1,469.9 | 0.000% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Gate ZEC_USDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD