Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Katana Perps against Derive+0.015%7-day average +0.054% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.015%, 7d avg +0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.039% cheaper against Derive than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,455.9 | 0.0100 | pay 0.0013% / 1h | 21m 59s | $444K | $509K | 6.7x |
| Short | Katana Perps ZEC-USD | 1,456.1 | 0.0100 | get 0.0100% / 8h | 3h 21m | $14K | $818K | 10x |
Derive ZEC-PERP
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Derive. 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
- −$0.04
- Price spread: +0.015% → +0.054%
- −$3.9
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$13.75
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage unknown: Derive: 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 Derive no order-book sample | — | — | — | — | — |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Derive 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 | −0.3042% | 1h | 1,458 | +0.142% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,456.9 | +0.065% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,457.1 | +0.082% | $29.4M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,456.4 | +0.036% | $410K | $36K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.6 | +0.044% | $83K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.8 | +0.060% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,457 | +0.076% | $291K | $940K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0085% / S −0.0036% | 1h | 1,457.1 | +0.081% | $434K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.4 | +0.036% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0100% | 8h | 1,456.1 | +0.015% | $14K | $818K | 10x |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456.7 | +0.053% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456.8 | +0.058% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,457 | +0.074% | $14.5M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.2 | +0.089% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.5 | +0.110% | $670.8M | $2.19B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,457.3 | +0.093% | $261.2M | $594.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,457.4 | +0.102% | $178.7M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,456.9 | +0.067% | $395K | $434K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.9 | +0.135% | $881K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.8 | +0.060% | $51.4M | $171.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457 | +0.075% | $219.2M | $771.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.1 | +0.078% | $102.8M | $53.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,458.5 | +0.175% | $165.9M | $268.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.9 | +0.070% | — | $106.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,455.5 | −0.032% | $47.7M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.2 | +0.017% | $567K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.6 | +0.044% | $3.0M | $463K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.4 | +0.035% | $402K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458 | +0.140% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.8 | +0.060% | $354K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.1 | +0.081% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,455.9 | long leg | $444K | $509K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.4 | +0.240% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457 | +0.075% | $233K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,456.7 | +0.052% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.3 | +0.097% | $3.8M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,456.8 | +0.060% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.6 | +0.046% | $47K | $151K | 20x | as long as short |
| Lighter RH ZEC | +0.0112% | 1h | 1,458.4 | +0.173% | $2.1M | $7.0M | 10x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,457.6 | +0.112% | $4.6M | $1.3M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,456.4 | +0.034% | $8K | $7K | 5x | as long as short |
| Hyperliquid ZEC | +0.0141% | 1h | 1,458.5 | +0.177% | $759.5M | $424.2M | 10x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,458.4 | +0.172% | $19.3M | $45.2M | 20x | as long as short |
| Kalshi KXZECPERP | +0.0178% | 8h | 1,457.3 | +0.095% | $1.5M | $4.4M | 2.2x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0204% | 1h | 1,457.7 | +0.124% | $2.4M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,456.1 | +0.011% | $921K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0324% | 1h | 1,457.9 | +0.134% | $614K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,457 | +0.071% | $18.1M | $45.2M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,457.9 | +0.135% | $696K | $8.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,458.8 | +0.200% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0679% | 1h | 1,457.2 | +0.085% | $45K | $49K | 10x | as long as short |
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Phoenix ZEC
01 Exchange ZECUSD
Hyperliquid ZEC
Lighter ZEC
Kalshi KXZECPERP
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD