Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.018%

Price spread now: 01 Exchange against Katana Perps+0.036%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.036% dearer against Katana Perps than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ZEC-USD	1,519	0.0100	pay 0.0100% / 8h	7h 48m	$16K	$900K	10x
Short	01 Exchange ZECUSD	1,519.5	0.0024	get 0.0003% / 1h	48m 48s	$8K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$15.92
Price spread: +0.036% → 0.000%: $3.62
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$23.1
Costs to cover: 0.108%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Katana Perps and 01 Exchange: 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	−0.3702%	1h	1,494.3	−1.624%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	−0.244%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,517.5	−0.095%	$62K	$305K	10x	as long as short
ApeX Omni ZECUSDT	−0.0275%	1h	1,515.6	−0.225%	$416K	$951K	50x	as long as short
BloFin ZEC-USDT	−0.0161%	8h	1,518.4	−0.036%	$31.8M	$77.2M	75x	as long as short
Aftermath Perps ZECUSD	−0.0135%	1h	1,516.1	−0.187%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,519.7	+0.047%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,516.3	−0.180%	$421K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,517.2	−0.120%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,518.2	−0.054%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,518.1	−0.059%	$18.4M	$47.8M	25x	as long as short
01 Exchange ZECUSDshort	+0.0024%	1h	1,519.5	+0.036%	$8K	$6K	5x
Deribit ZEC_USDC-PERPETUAL	+0.0063%	1h	1,518.3	−0.047%	$693K	$1.4M	25x	as long as short
Phoenix ZEC	+0.0082%	1h	1,518.9	−0.009%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,517.5	−0.097%	$306K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,516.8	−0.143%	$19.6M	$44.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,517	−0.130%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,519.5	+0.034%	$173K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,515.9	−0.205%	$62K	$19K	10x	as long as short
Katana Perps ZEC-USDlong	+0.0100%	8h	1,519	long leg	$16K	$900K	10x
Nado ZEC-PERP	+0.0100%	1h	1,519.2	+0.015%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,516.2	−0.181%	$794.0M	$448.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,515.3	−0.240%	$14.2M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,516	−0.197%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,515.8	−0.208%	$716.5M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,515.1	−0.255%	$272.5M	$629.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,515.5	−0.232%	$185.1M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,516.8	−0.144%	$413K	$548K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,519.4	+0.029%	$596K	$9.0M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,515.4	−0.234%	$60.3M	$183.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,512.2	−0.444%	$412.3M	$828.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,515.6	−0.224%	$103.6M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,515.5	−0.227%	$163.5M	$294.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,515.6	−0.221%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,517.7	−0.083%	$50.1M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,514	−0.327%	$565K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,516.8	−0.142%	$3.1M	$519K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,518.4	−0.041%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,519.4	+0.028%	$377K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,516.8	−0.145%	$170K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,516.9	−0.138%	$453K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,521.5	+0.167%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,517.7	−0.086%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,516.6	−0.159%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516.6	−0.158%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,515.5	−0.231%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,517.7	−0.086%	$43K	$150K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0154% / S −0.0156%	1h	1,518.2	−0.054%	$337K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,519.4	+0.027%	$969K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,520.8	+0.117%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0558%	1h	1,516.4	−0.173%	$2.4M	$3.8M	15x	as long as short