Funding you earn now, next payment 00:55 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: Katana Perps against Perpl+0.091%48s7-day average +0.020% · 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)+0.209%+$21 on $10k
+Price spread, last 3 days (all we have)−0.375%−$37 · spread now +0.091%, 7d avg +0.020%
=Together, before fees−0.165%+ Points / potential airdropPerpl: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Katana Perps is 0.071% dearer against Perpl than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,477.6 | 0 | get 0.0000% / 43m | 12m 34s | $84K | $405K | 10x |
| Short | Katana Perps ZEC-USD | 1,479 | 0.0100 | get 0.0100% / 8h | 6h 50m | $15K | $845K | 10x |
Perpl ZEC
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Perpl. 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
- $20.96
- Price spread: +0.091% → +0.020%
- $7.11
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $10.47
- Costs to cover
- 0.176%
- Break-even
- 3.5 days
Slippage unknown: Perpl: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Perpl 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 | −0.3678% | 1h | 1,478.8 | +0.080% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,477.6 | +0.001% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0080% | 8h | 1,480.2 | +0.177% | $29.7M | $73.6M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0070% | 1h | 1,477.6 | 0.000% | $401K | $519K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,479 | +0.097% | $18.1M | $43.4M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,478.7 | +0.077% | $416K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,478.3 | +0.050% | $965K | $5.1M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,477.6 | long leg | $84K | $405K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,477.8 | +0.012% | $5.2M | — | 150x | as long as short |
| Variational Omni ZEC | +0.0010% | 8h | 1,477.5 | −0.005% | $48.2M | $33.5M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0025% | 8h | 1,478 | +0.028% | $295K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,478.9 | +0.086% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,477.7 | +0.009% | $384K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,469.6 | −0.541% | $4.6M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0077% | 8h | 1,478.6 | +0.064% | $181.3M | $1.29B | 50x | as long as short |
| Gate ZEC_USDT | +0.0092% | 8h | 1,478.5 | +0.063% | $50.3M | $173.8M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,478.6 | +0.070% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0100% | 8h | 1,479 | +0.091% | $15K | $845K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,478.6 | +0.066% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,478.8 | +0.082% | $2.7M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,479.3 | +0.115% | $770.1M | $449.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,479.5 | +0.129% | $15.0M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,478.7 | +0.073% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,478.6 | +0.068% | $685.2M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,478.3 | +0.049% | $273.0M | $627.3M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.7 | −0.470% | $895K | $17K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,479.1 | +0.100% | $220.1M | $791.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,478.3 | +0.044% | $104.2M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,478.5 | +0.060% | $164.1M | $287.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,478.4 | +0.051% | — | $100.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | −0.314% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,476.9 | −0.047% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.1 | −0.238% | $429K | $894K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,477.4 | −0.011% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,478.5 | +0.061% | $343K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,477.8 | +0.014% | $129K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,476.4 | −0.083% | $460K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,480.2 | +0.175% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,478.7 | +0.073% | $244K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,477.3 | −0.018% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,478.6 | +0.066% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,478.4 | +0.052% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,477.8 | +0.012% | $51K | $164K | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,479.8 | +0.146% | $671K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0336% | 1h | 1,479.9 | +0.153% | $19.3M | $47.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0344% | 1h | 1,480.6 | +0.201% | $2.1M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,479.3 | +0.114% | $859K | $1.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0393% | 1h | 1,479.1 | +0.100% | $608K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,481.7 | +0.280% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0587% | 1h | 1,479.7 | +0.139% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0746% | 1h | 1,473.4 | −0.287% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
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
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD