Funding you earn now, next payment 08:00 UTC+0.3539%/8h= +387.6% APRpaid last 24h +0.781%
Price spread now: Katana Perps against Injective+1.230%102s7-day average −0.070% · 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)+0.767%+$77 on $10k
+Price spread, last 4 days (all we have)−1.371%−$137 · spread now +1.230%, 7d avg −0.070%
=Both sides work for this trade now. Funding pays +$106 a day on $10k at the current rate, and Katana Perps is 1.300% dearer against Injective than usual: you sell high and buy low: +$130 more if the spread goes back to its 7-day average of −0.070%. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.767% in total (about 70.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ZEC/USDC PERP | 1,490.6 | −0.3442 | get 0.0430% / 1h | 11m 23s | $36K | $275K | 12x |
| Short | Katana Perps ZEC-USD | 1,509 | 0.0098 | get 0.0098% / 8h | 11m 23s | $14K | $892K | 10x |
Injective ZEC/USDC PERP
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Injective. 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
- $743.29
- Price spread: +1.230% → −0.070%
- $130
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $869.47
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 28 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 Injective live order book, 28 min ago | 63.85 bp | 492043.8 bp −$492.0K | 4976718.0 bp −$49.77M | 49523820.0 bp −$4952.38M | 246762416.0 bp −$123381.21M |
| 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 PERPlong | −0.3442% | 1h | 1,490.6 | long leg | $36K | $275K | 12x | |
| Perpl ZEC | −0.0447% | 43m | 1,507.7 | +1.144% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0179% | 8h | 1,507.4 | +1.123% | $31.1M | $76.3M | 75x | as long as short |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | +0.341% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0088% | 1h | 1,505.1 | +0.972% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,509.7 | +1.278% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,508.6 | +1.206% | $419K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,510.5 | +1.336% | $1.5M | $4.4M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,509.9 | +1.295% | $689K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,509.2 | +1.246% | $5.4M | — | 150x | as long as short |
Perpl ZEC
BloFin ZEC-USDT
Bulk ZEC-USD
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,509.8 | +1.287% | $18.1M | $47.3M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0065% | 1h | 1,507.4 | +1.126% | $412K | $559K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,509.4 | +1.263% | $8K | $6K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,508.8 | +1.218% | $304K | $864K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,508.1 | +1.173% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,509.4 | +1.260% | $176K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0098% | 8h | 1,509 | +1.230% | $14K | $892K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,509.5 | +1.267% | $62K | $19K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,510.1 | +1.306% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,509.4 | +1.260% | $790.7M | $443.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,508.6 | +1.207% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,509.9 | +1.292% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,509.1 | +1.237% | $705.9M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,508.5 | +1.196% | $272.6M | $619.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,508.7 | +1.212% | $184.3M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,509 | +1.232% | $58.8M | $187.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,509 | +1.232% | $238.9M | $808.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,509.1 | +1.242% | $103.7M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,508.9 | +1.227% | $163.4M | $290.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,508.5 | +1.198% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.9 | +0.758% | $49.1M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.8 | +0.948% | $576K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,508.8 | +1.222% | $3.1M | $519K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,507.8 | +1.151% | $415K | $947K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,508.7 | +1.212% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,509 | +1.233% | $363K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,508.8 | +1.218% | $168K | $189K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,508.4 | +1.192% | $460K | $438K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,511.4 | +1.391% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,509.5 | +1.267% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,509.1 | +1.240% | $2.7M | $20.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,509.2 | +1.248% | $4.0M | $4.9M | 50x | as long as short |
| Lighter RH ZEC | +0.0104% | 1h | 1,510.7 | +1.345% | $2.1M | $7.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,509.3 | +1.255% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,509.5 | +1.264% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,509.5 | +1.264% | $950K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0147% / S −0.0146% | 1h | 1,508.9 | +1.227% | $335K | — | 100x | as long as short |
| Lighter ZEC | +0.0184% | 1h | 1,510.6 | +1.338% | $19.9M | $46.5M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,509.7 | +1.282% | $608K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,510.8 | +1.354% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0492% | 1h | 1,509.9 | +1.295% | $2.4M | $3.8M | 15x | as long as short |
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
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
Lighter RH ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP