Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: Katana Perps against Phemex−0.024%7-day average −0.045% · you buy dearer than you sell
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 3 days (all we have)−0.226%−$23 · spread now −0.024%, 7d avg −0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.021% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,471.6 | 0.0100 | pay 0.0100% / 8h | 48m 13s | $3.9M | $5.3M | 50x |
| Short | Katana Perps ZEC-USD | 1,471.2 | 0.0097 | get 0.0097% / 8h | 48m 13s | $11K | $829K | 10x |
Phemex ZECUSDT
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Phemex. 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
- −$0.67
- Price spread: −0.024% → −0.045%
- $2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$14.38
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 6 min ago; 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 Phemex live order book, 6 min ago | 3.19 bp | 15.5 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
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 | −0.3089% | 1h | 1,473.7 | +0.141% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0278% | 1h | 1,471.3 | −0.020% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,471 | −0.044% | $17.9M | $44.3M | 25x | as long as short |
| ApeX Omni ZECUSDT | −0.0190% | 1h | 1,472.5 | +0.058% | $432K | $830K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,473.3 | +0.115% | $29.5M | $75.6M | 75x | as long as short |
| Bybit ZECUSDT | −0.0091% | 8h | 1,470.3 | −0.090% | $273.5M | $657.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.5 | +0.126% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | +0.014% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.1 | +0.101% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.1 | +0.099% | $904K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,471.2 | −0.025% | $84K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,471.9 | +0.023% | $614K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.8 | +0.012% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,471.2 | −0.027% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.1 | +0.100% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,470.8 | −0.055% | $180.5M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,471.3 | −0.023% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,470.9 | −0.051% | $50.6M | $184.4M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0011% | 1h | 1,471.6 | +0.003% | $366K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,472.5 | +0.063% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.1 | −0.032% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0097% | 8h | 1,471.2 | −0.024% | $11K | $829K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.3 | −0.017% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.2 | +0.038% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.4 | +0.054% | $764.2M | $473.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.3 | −0.020% | $15.5M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.5 | +0.064% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.8 | −0.056% | $681.4M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.084% | $716K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | +0.028% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.8 | −0.056% | $220.8M | $831.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.1 | −0.036% | $103.9M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.1 | −0.036% | $162.8M | $302.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,469.8 | −0.122% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.5 | +0.064% | $512K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.8 | +0.080% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.5 | +0.194% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471 | −0.041% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.028% | $127K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.8 | −0.124% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.2 | +0.108% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.9 | −0.050% | $226K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471 | −0.041% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,471.6 | long leg | $3.9M | $5.3M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.5 | −0.009% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.3 | −0.021% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.6 | +0.002% | $834K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0421% | 1h | 1,471.6 | −0.003% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,475.6 | +0.275% | $3.8M | $11.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0528% | 1h | 1,473.2 | +0.108% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0649% | 1h | 1,473.2 | +0.109% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD