Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Phemex against Katana Perps+0.103%7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.539%+$54 · spread now +0.103%, 7d avg +0.044%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.059% dearer against Katana Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps ZEC-USD | 1,453.7 | 0.0100 | pay 0.0100% / 8h | 3h 51m | $10K | $858K | 10x |
| Short | Phemex ZECUSDT | 1,455.2 | 0.0100 | get 0.0100% / 8h | 3h 51m | $3.8M | $5.1M | 50x |
Katana Perps ZEC-USD
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0.04
- Price spread: +0.103% → +0.044%
- $5.9
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$9.85
- Costs to cover
- 0.158%
- Break-even
- 1570.8 days
Slippage unknown: Katana Perps: no order-book sample; Phemex: 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 Phemex live order book, 2 min ago | 3.71 bp | 14.9 bp −$15 | 27.2 bp −$272 | 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 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 | −0.3042% | 1h | 1,455.8 | +0.144% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454 | +0.018% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,457.2 | +0.240% | $29.6M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.3 | +0.041% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,456.1 | +0.165% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.4 | −0.019% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.3 | +0.038% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,453.8 | +0.007% | $290K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0072% / S −0.0024% | 1h | 1,454 | +0.018% | $408K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.3 | −0.031% | $173K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,453.7 | long leg | $10K | $858K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.9 | +0.014% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.9 | +0.014% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,453.8 | +0.010% | $14.7M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.7 | +0.002% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.1 | +0.027% | $667.8M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,453.4 | −0.023% | $261.0M | $600.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,454 | +0.017% | $177.7M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,454.1 | +0.028% | $395K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | +0.021% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.7 | −0.002% | $50.5M | $170.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.1 | +0.029% | $214.2M | $765.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.6 | −0.008% | $102.5M | $53.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,454.1 | +0.026% | $165.3M | $270.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,453.8 | +0.010% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454 | +0.022% | $47.7M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,455.8 | +0.145% | $566K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.5 | +0.194% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457 | +0.227% | $404K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,455.5 | +0.122% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,453.8 | +0.007% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454 | +0.024% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.7 | −0.067% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.1 | +0.230% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.6 | +0.059% | $233K | $3.3M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.8 | +0.005% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,455.2 | +0.103% | $3.8M | $5.1M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,454.1 | +0.025% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.8 | +0.004% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,453.8 | +0.006% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,457.5 | +0.261% | $4.6M | $1.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0135% | 1h | 1,455.4 | +0.117% | $757.0M | $428.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0136% | 1h | 1,454.6 | +0.063% | $2.1M | $7.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0154% | 1h | 1,455.1 | +0.096% | $614K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,454.6 | +0.064% | $19.2M | $44.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0202% | 1h | 1,455.2 | +0.102% | $2.4M | $3.9M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,453.5 | −0.015% | $920K | $1.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,454.6 | +0.060% | $18.0M | $45.2M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,455.7 | +0.140% | $686K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,457.2 | +0.241% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0682% | 1h | 1,455.7 | +0.136% | $45K | $49K | 10x | as long as short |
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Phoenix ZEC
Hyperliquid ZEC
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD