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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Katana Perps against SoDEX+0.004%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)−1.455%−$145 · spread now +0.004%, 7d avg −0.021%
Together, before fees−1.427%−$143 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: Katana Perps is 0.025% dearer against SoDEX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ZEC-USD1,497.10.0100pay 0.0013% / 1h1m 52s$256K$3.6M10x
ShortKatana Perps ZEC-USD1,497.20.0100get 0.0100% / 8h7h 01m$15K$885K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against SoDEX. 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: +0.004% → −0.021%
$2.46
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$9.39
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 2 min ago0.03 bp4.6 bp −$515.0 bp −$150103.7 bp −$10.4Kdoesn'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 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−0.3702%1h1,478.9−1.215%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,495.5−0.106%$61K$307K10xas long as short
Aftermath Perps ZECUSD−0.0244%1h1,499.3+0.147%$46K$60K10xas long as short
BloFin ZEC-USDT−0.0155%8h1,497.7+0.041%$31.6M$75.5M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,497−0.009%$6K$1K10xas long as short
Kalshi KXZECPERP0.0000%8h1,497.7+0.036%$1.5M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,497.3+0.013%$5.3M150xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,497.6+0.034%$18.3M$47.3M25xas long as short
01 Exchange ZECUSD+0.0032%1h1,496.3−0.058%$8K$6K5xas long as short
dYdX ZEC-USD+0.0066%1h1,497.4+0.020%$413K$34K5xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0082%1h1,497.9+0.049%$4.8M$1.4M10xas long as short
Orderly PERP_ZEC_USDC+0.0083%8h1,496.8−0.025%$302K$860K20xas long as short
Lighter ZEC+0.0096%1h1,498.3+0.076%$19.5M$46.2M20xas long as short
Lighter RH ZEC+0.0096%1h1,498.4+0.085%$2.1M$7.7M10xas long as short
Popdex ZECUSDT+0.0096%1h1,497.7+0.037%$176K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,497.4+0.018%$62K$16K10xas long as short
Katana Perps ZEC-USDshort+0.0100%8h1,497.2+0.004%$15K$885K10x
Nado ZEC-PERP+0.0100%1h1,497.1−0.004%$3.1M$7.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,498.7+0.106%$785.5M$445.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,496.6−0.033%$14.0M$29.3M75xas long as short
Pacifica ZEC+0.0100%1h1,497.5+0.028%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,497.5+0.023%$706.5M$2.28B75xas long as short
Bybit ZECUSDT+0.0100%8h1,496.9−0.017%$272.4M$606.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,497.4+0.021%$186.0M$1.34B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,496.9−0.015%$407K$530K5xas long as short
Arcus ZEC-USD+0.0100%1h1,497.9+0.050%$607K$8.7M10xas long as short
Bulk ZEC-USD+0.0100%1h1,501.6+0.296%$772K$147K10xas long as short
Gate ZEC_USDT+0.0100%8h1,497−0.007%$60.4M$189.8M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,497.4+0.021%$406.2M$847.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,497.1+0.001%$102.5M$55.5M75xas long as short
Bitget ZECUSDT+0.0100%8h1,497.5+0.028%$163.1M$290.5M75xas long as short
BingX ZEC-USDC+0.0100%8h1,495.9−0.084%$6.6Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,498+0.059%$2.3M$3.7M15xas long as short
Variational Omni ZEC+0.0100%8h1,499.4+0.153%$49.5M$35.5Mas long as short
edgeX ZECUSDC+0.0100%4h1,499.6+0.168%$548K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,499.1+0.130%$3.1M$561K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,499+0.128%$412K$955K50xas long as short
StandX ZEC-USD+0.0100%1h1,497.7+0.040%$50K$4.5M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,497.4+0.019%$371K$1.6M10xas long as short
Bullet ZEC-USD+0.0100%1h1,497.10.000%$167K$190K20xas long as short
SunX ZEC-USDT+0.0100%8h1,499.5+0.158%$3K$1.2M20xas long as short
SoDEX ZEC-USDlong+0.0100%1h1,497.1long leg$256K$3.6M10x
HTX ZEC-USDT+0.0100%8h1,497.5+0.022%$2.7M$20.6M75xas long as short
Phemex ZECUSDT+0.0100%8h1,497.3+0.013%$4.0M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,497.2+0.002%$2.8M$7.6M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,497.1−0.004%$43K$157K20xas long as short
RISEx ZEC/USDC+0.0157%1h1,497.1−0.001%$987K$1.2M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0167% / S −0.0166%1h1,497.5+0.024%$340K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0226%1h1,497.7+0.038%$685K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,499.2+0.139%$3.9M$9.8M50xas long as short