Funding you earn now, next payment 06:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h +0.002%
Price spread now: Katana Perps against Deribit−0.165%7-day average −0.080% · 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)−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now −0.165%, 7d avg −0.080%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Katana Perps is 0.085% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,496.3 | 0.0181 | pay 0.0023% / 1h | 2m 48s | $712K | $1.4M | 25x |
| Short | Katana Perps ZEC-USD | 1,493.9 | 0.0100 | get 0.0100% / 8h | 2h 02m | $12K | $858K | 10x |
Deribit ZEC_USDC-PERPETUAL
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Deribit. 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
- −$17.02
- Price spread: −0.165% → −0.080%
- −$8.52
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$36.34
- Costs to cover
- 0.108%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 1 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 Deribit live order book, 1 min ago | 4.92 bp | 9.7 bp −$10 | 157.5 bp −$1,575 | 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 | −0.3243% | 1h | 1,479.2 | −1.147% | $34K | $273K | 12x | as long as short |
| Bulk ZEC-USD | −0.0279% | 1h | 1,512.6 | +1.089% | $914K | $15K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0117% | 8h | 1,495.8 | −0.035% | $30.7M | $74.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,495.5 | −0.053% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,493.6 | −0.179% | $415K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,493.3 | −0.200% | $1.6M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,493.6 | −0.181% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,494.6 | −0.117% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0070% | 8h | 1,495.3 | −0.069% | $299K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,494 | −0.155% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,500.8 | +0.299% | $4.8M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,493.4 | −0.196% | $153K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,494.1 | −0.149% | $2.8M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,495.8 | −0.038% | $779.8M | $438.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,494.6 | −0.114% | $14.2M | $29.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,494.8 | −0.102% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,494.9 | −0.093% | $694.3M | $2.28B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494.4 | −0.132% | $274.5M | $621.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,494.2 | −0.140% | $181.5M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,495.9 | −0.028% | $407K | $480K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,495.2 | −0.075% | $54.2M | $182.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,495.5 | −0.057% | $233.2M | $785.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,495.8 | −0.032% | $103.1M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494.6 | −0.114% | $161.2M | $285.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,494 | −0.158% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.3 | +0.135% | $49.0M | $33.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,496.8 | +0.029% | $572K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,498.9 | +0.173% | $3.1M | $477K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,495.8 | −0.037% | $414K | $930K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,495.2 | −0.078% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,493.5 | −0.188% | $361K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,494.5 | −0.122% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,494.3 | −0.132% | $456K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,496.7 | +0.022% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,495.6 | −0.051% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,494 | −0.155% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,495.6 | −0.048% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,493.8 | −0.166% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USDshort | +0.0100% | 8h | 1,493.9 | −0.165% | $12K | $858K | 10x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,495.8 | −0.034% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,495.2 | −0.078% | $45K | $149K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0109% / S −0.0085% | 1h | 1,494.3 | −0.135% | $403K | — | 100x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0144% | 1h | 1,495.6 | −0.046% | $18.1M | $46.2M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,494.2 | −0.140% | $932K | $1.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0181% | 1h | 1,496.3 | long leg | $712K | $1.4M | 25x | |
| Lighter ZEC | +0.0216% | 1h | 1,496 | −0.025% | $19.6M | $45.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0216% | 1h | 1,496.1 | −0.016% | $2.1M | $7.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0341% | 1h | 1,496.3 | −0.001% | $2.3M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0382% | 1h | 1,498 | +0.112% | $50K | $61K | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,496 | −0.020% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,495.3 | −0.065% | $619K | $8.6M | 10x | as long as short |
Phoenix ZEC
Popdex ZECUSDT
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD