ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.023%

Price spread now: Katana Perps against Orderly+0.098%7-day average −0.026% · you sell dearer than you buy

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

Long on Orderly Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.098%, 7d avg −0.026%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Katana Perps is 0.123% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZEC_USDC	1,503.1	0.0083	pay 0.0083% / 8h	42m 11s	$303K	$1.1M	20x
Short	Katana Perps ZEC-USD	1,504.6	0.0098	get 0.0098% / 8h	42m 11s	$14K	$878K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee Katana PerpsbpOrdersPrice spread, now +0.098%Rate

Funding earned: $3.03
Price spread: +0.098% → −0.026%: $12.34
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $5.57
Costs to cover: 0.098%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Katana 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 Orderly no order-book sample	—	—	—	—	—
Sell Katana Perps no order-book sample	—	—	—	—	—

Orderly and 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	−0.3442%	1h	1,495.7	−0.494%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,502	−0.074%	$62K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0174%	8h	1,505.7	+0.174%	$31.0M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.2	−0.059%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0066%	1h	1,500.3	−0.188%	$48K	$59K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,497	−0.405%	$904K	$2K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,504.2	+0.070%	$418K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.5	+0.025%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.034%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,503.7	+0.040%	$18.1M	$46.7M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	+0.0078%	1h	1,504	+0.058%	$687K	$1.4M	25x	as long as short
Orderly PERP_ZEC_USDClong	+0.0083%	8h	1,503.1	long leg	$303K	$1.1M	20x
Phoenix ZEC	+0.0096%	1h	1,502.4	−0.047%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.8	+0.047%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USDshort	+0.0098%	8h	1,504.6	+0.098%	$14K	$878K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503.7	+0.038%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504	+0.057%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.3	+0.145%	$786.7M	$445.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.1	−0.001%	$14.1M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504	+0.059%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.9	+0.053%	$703.6M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.5	+0.022%	$270.8M	$624.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503.8	+0.047%	$183.4M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.8	−0.021%	$410K	$563K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.5	+0.024%	$56.2M	$183.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,504	+0.056%	$238.6M	$792.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.4	+0.019%	$103.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.9	+0.054%	$162.5M	$289.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,503.8	+0.044%	—	$118.2M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.5	−0.107%	$49.0M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.2	−0.260%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,500.8	−0.152%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,499.8	−0.222%	$413K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,504.9	+0.116%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.8	+0.045%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.7	+0.041%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,503	−0.008%	$459K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506	+0.192%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.4	+0.017%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,502.5	−0.043%	$2.7M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.8	+0.042%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.4	+0.018%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.3	+0.013%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,504.3	+0.081%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,504	+0.059%	$946K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0136%	1h	1,505.1	+0.128%	$2.1M	$7.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0160% / S −0.0197%	1h	1,503.4	+0.020%	$437K	—	100x	as long as short
Lighter ZEC	+0.0224%	1h	1,504.9	+0.119%	$19.8M	$45.2M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,504.7	+0.103%	$606K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,505.4	+0.152%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0535%	1h	1,504.6	+0.096%	$2.4M	$3.9M	15x	as long as short