Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.014%

Price spread now: Katana Perps against 01 Exchange−0.028%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Katana Perps is 0.028% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4.1 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	01 Exchange ZECUSD	1,444.2	0.0072	pay 0.0009% / 1h	31m 18s	$7K	$8K	5x
Short	Katana Perps ZEC-USD	1,443.8	0.0095	get 0.0095% / 8h	2h 31m	$13K	$873K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee Katana PerpsbpOrdersPrice spread, now −0.028%Rate

Funding earned: $4.75
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$8.82
Costs to cover: 0.108%
Break-even: 20.0 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Katana Perps no order-book sample	—	—	—	—	—

01 Exchange 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	−0.3476%	1h	1,433.1	−0.764%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0096%	8h	1,445.3	+0.078%	$28.7M	$74.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,444.6	+0.026%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,445.1	+0.064%	$17.6M	$44.5M	25x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.341%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,445.1	+0.066%	$407K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,446.2	+0.138%	$907K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,443.3	−0.064%	$82K	$401K	10x	as long as short
Bybit ZECUSDT	+0.0006%	8h	1,443.5	−0.048%	$266.1M	$674.9M	75x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,444.4	+0.015%	$5.1M	—	150x	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	+0.0009%	1h	1,445.8	+0.110%	$588K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,444.8	+0.041%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0028% / S +0.0071%	1h	1,444	−0.012%	$542K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0055%	8h	1,444.9	+0.048%	$171.1M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0071%	8h	1,443.8	−0.024%	$49.1M	$188.7M	75x	as long as short
01 Exchange ZECUSDlong	+0.0072%	1h	1,444.2	long leg	$7K	$8K	5x
Aster ZECUSDT	+0.0075%	8h	1,444.1	−0.005%	$15.2M	$34.6M	75x	as long as short
Katana Perps ZEC-USDshort	+0.0095%	8h	1,443.8	−0.028%	$13K	$873K	10x
Lighter ZEC	+0.0096%	1h	1,445.4	+0.084%	$18.7M	$54.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,444.2	+0.004%	$172K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,444.1	−0.009%	$59K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,444.5	+0.022%	$2.4M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,444.4	+0.015%	$745.9M	$494.5M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,444.3	+0.005%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,444	−0.010%	$658.2M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,442.7	−0.102%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	+0.057%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,444	−0.011%	$214.0M	$891.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,443.9	−0.020%	$102.4M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,445	+0.057%	$159.9M	$312.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,443.3	−0.062%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,445.4	+0.082%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,445.3	+0.077%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.7	+0.312%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,445.1	+0.061%	$703K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,445.2	+0.073%	$108K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,443.4	−0.054%	$347K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,444	−0.015%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,443.3	−0.058%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,445.7	+0.106%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,445.4	+0.084%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,444.4	+0.015%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,445	+0.056%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,445.9	+0.120%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,445.6	+0.099%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,444.9	+0.049%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,444.7	+0.033%	$862K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,447.1	+0.205%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0445%	1h	1,448.2	+0.282%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,446.6	+0.165%	$767K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,446.2	+0.138%	$1.9M	$8.5M	10x	as long as short