ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.024%

Price spread now: Katana Perps against Variational Omni−0.037%7-day average +0.034% · you buy dearer than you sell

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

Long on Variational Omni Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.037%, 7d avg +0.034%

Together, before fees+0.065%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Katana Perps is 0.071% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.034%). If the spread goes back, that is −$7 on $10k: about 8.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,466.6	0.0072	pay 0.0072% / 8h	6h 05m	$47.9M	$32.6M	—
Short	Katana Perps ZEC-USD	1,466.1	0.0100	get 0.0100% / 8h	6h 05m	$14K	$843K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Variational Omni. 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 Variational OmnibpFee Katana PerpsbpOrdersPrice spread, now −0.037%Rate

Funding earned: $5.94
Price spread: −0.037% → +0.034%: −$7.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$4.95
Costs to cover: 0.038%
Break-even: 12.8 days

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.76 bp	doesn't fit	4.9 bp −$49	13.1 bp −$1,310	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 50 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	1,456	−0.723%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.9	+0.019%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0039%	1h	1,464.8	−0.125%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,467	+0.024%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.3	+0.049%	$413K	$51K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.3	+0.115%	$971K	$4.8M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,466.8	+0.010%	$84K	$251K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.2	+0.036%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,467	+0.024%	$293K	$991K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,467.3	+0.044%	$383K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,466.6	−0.003%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.001%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEClong	+0.0072%	8h	1,466.6	long leg	$47.9M	$32.6M	—
OKX ZEC-USDT-SWAP	+0.0092%	8h	1,466.3	−0.022%	$180.5M	$1.25B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,466.7	+0.004%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USDshort	+0.0100%	8h	1,466.1	−0.037%	$14K	$843K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.7	+0.008%	$60K	$40K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,466.8	+0.009%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467.7	+0.071%	$764.6M	$434.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.2	−0.028%	$14.8M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.9	+0.020%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.7	+0.004%	$678.3M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,466.6	+0.001%	$271.2M	$610.5M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.003%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,466.2	−0.029%	$50.1M	$177.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.3	−0.023%	$215.8M	$802.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.3	−0.024%	$103.1M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.7	+0.001%	$162.8M	$278.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,465.6	−0.072%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.043%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.5	+0.060%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.023%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.4	+0.053%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,466.4	−0.016%	$343K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.5	+0.059%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.4	−0.084%	$456K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.2	+0.175%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.6	−0.001%	$242K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,467	+0.026%	$2.5M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.7	+0.070%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466	−0.045%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,466.5	−0.008%	$48K	$158K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0201%	1h	1,467.7	+0.075%	$611K	$1.3M	25x	as long as short
Lighter ZEC	+0.0232%	1h	1,468.2	+0.111%	$19.2M	$48.3M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,468.2	+0.108%	$698K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,468.6	+0.135%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,466.8	+0.013%	$851K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0422%	1h	1,467.5	+0.060%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,468.7	+0.143%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,469.4	+0.187%	$43K	$46K	10x	as long as short