Settings8H · net · $10k
Funding arb · Price arb /

ZEC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: SoDEX against Katana Perps+0.133%7-day average +0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.028%−$3 on $10k
Price spread, last 4 days (all we have)+1.317%+$132 · spread now +0.133%, 7d avg +0.021%
Together, before fees+1.289%+$129 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: SoDEX is 0.113% dearer against Katana Perps than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ZEC-USD1,493.80.0100pay 0.0100% / 8h6h 55m$15K$883K10x
ShortSoDEX ZEC-USD1,495.80.0100get 0.0013% / 1h55m 36s$256K$3.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$0.04
Price spread: +0.133% → +0.021%
$11.27
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$0.49
Costs to cover
0.118%
Break-even
84.6 days
Slippage unknown: Katana Perps: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell SoDEX live order book, 3 min ago0.23 bp4.4 bp −$414.6 bp −$146104.3 bp −$10.4Kdoesn'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 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3772%1h1,478.9−0.997%$36K$274K12xas long as short
Perpl ZEC−0.0447%43m1,495.4+0.106%$61K$306K10xas long as short
Aftermath Perps ZECUSD−0.0212%1h1,497.6+0.255%$46K$60K10xas long as short
BloFin ZEC-USDT−0.0180%8h1,496.3+0.163%$31.5M$75.3M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,493.9+0.005%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0058%1h1,495.3+0.099%$406K$526K5xas long as short
dYdX ZEC-USD0.0000%1h1,493.9+0.002%$412K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,495.9+0.139%$1.5M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,498+0.279%$5.3M150xas long as short
Kraken Futures PF_ZECUSD+0.0009%1h1,496.1+0.153%$18.3M$47.1M25xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZECUSD+0.0016%1h1,493.1−0.048%$8K$6K5xas long as short
RISEx ZEC/USDC+0.0077%1h1,494.7+0.061%$985K$1.2M10xas long as short
Phoenix ZEC+0.0082%1h1,497.4+0.242%$4.8M$1.4M10xas long as short
Orderly PERP_ZEC_USDC+0.0082%8h1,495.5+0.110%$302K$860K20xas long as short
Lighter ZEC+0.0096%1h1,495+0.076%$19.6M$40.3M20xas long as short
Lighter RH ZEC+0.0096%1h1,495.1+0.084%$2.1M$7.1M10xas long as short
Popdex ZECUSDT+0.0096%1h1,493.6−0.018%$171K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,493.1−0.045%$62K$16K10xas long as short
Katana Perps ZEC-USDlong+0.0100%8h1,493.8long leg$15K$883K10x
Nado ZEC-PERP+0.0100%1h1,494+0.010%$3.1M$7.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,494.7+0.059%$783.4M$445.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,493.5−0.018%$13.9M$29.2M75xas long as short
Pacifica ZEC+0.0100%1h1,494.2+0.027%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,493.5−0.019%$704.9M$2.27B75xas long as short
Bybit ZECUSDT+0.0100%8h1,493.3−0.036%$272.7M$605.3M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,493.5−0.020%$184.5M$1.34B50xas long as short
Arcus ZEC-USD+0.0100%1h1,494.7+0.061%$611K$8.7M10xas long as short
Bulk ZEC-USD+0.0100%1h1,498.7+0.325%$771K$152K10xas long as short
Gate ZEC_USDT+0.0100%8h1,493.1−0.046%$60.3M$180.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,493.7−0.006%$406.9M$805.5M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,493.3−0.033%$102.3M$55.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,493.6−0.012%$162.6M$290.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,493−0.053%$6.6Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,496.2+0.161%$2.3M$3.7M15xas long as short
Variational Omni ZEC+0.0100%8h1,494.6+0.052%$49.4M$35.2Mas long as short
edgeX ZECUSDC+0.0100%4h1,496.5+0.182%$548K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,497.6+0.254%$3.1M$562K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,496.6+0.185%$411K$956K50xas long as short
StandX ZEC-USD+0.0100%1h1,495.6+0.116%$50K$4.5M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,493.7−0.008%$370K$1.6M10xas long as short
Bullet ZEC-USD+0.0100%1h1,495.9+0.139%$167K$190K20xas long as short
SunX ZEC-USDT+0.0100%8h1,497.6+0.252%$3K$1.2M20xas long as short
SoDEX ZEC-USDshort+0.0100%1h1,495.8+0.133%$256K$3.6M10x
HTX ZEC-USDT+0.0100%8h1,495+0.079%$2.7M$20.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,496.3+0.163%$4.0M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,493.2−0.044%$2.7M$7.5M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,495.7+0.124%$43K$157K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0168% / S −0.0168%1h1,496.1+0.153%$340K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0223%1h1,497.3+0.230%$685K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0336%1h1,497.2+0.224%$3.9M$9.8M50xas long as short