Funding you earn now, next payment 23:00 UTC+0.0349%/8h= +38.2% APRpaid last 24h +0.031%
Price spread now: Arcus against Katana Perps+0.040%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.041%+$4 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now +0.040%, 7d avg +0.041%
=The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.041% in total (about 4.5% 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 | Katana Perps ZEC-USD | 1,469 | 0.0096 | pay 0.0096% / 8h | 1h 45m | $14K | $864K | 10x |
| Short | Arcus ZEC-USD | 1,469.6 | 0.0444 | get 0.0056% / 1h | 45m 33s | $730K | $8.1M | 10x |
Katana Perps ZEC-USD
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Katana Perps. 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
- $73.2
- Price spread: +0.040% → +0.041%
- −$0.06
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $64.85
- Costs to cover
- 0.083%
- Break-even
- 0.8 days
Slippage unknown: Katana Perps: no order-book sample; Arcus: live order book, 4 min ago. 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 4 min ago | 0.00 bp | 2.3 bp −$2 | 6.7 bp −$67 | doesn't fit | doesn't fit |
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 | −0.3310% | 1h | 1,462.9 | −0.410% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.8 | −0.076% | $17.8M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0118% | 1h | 1,466.9 | −0.141% | $398K | $521K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0097% | 8h | 1,467.7 | −0.090% | $29.3M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.1 | +0.007% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0045% | 8h | 1,467.7 | −0.090% | $271.6M | $675.6M | 75x | as long as short |
| Variational Omni ZEC | −0.0023% | 8h | 1,459.1 | −0.670% | $46.4M | $34.1M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.2 | +0.018% | $414K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.6 | −0.028% | $889K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.8 | −0.078% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.3 | −0.049% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,468.2 | −0.054% | $543K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,467.7 | −0.084% | $294K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0039% | 1h | 1,468.7 | −0.020% | $598K | $1.3M | 25x | as long as short |
| ApeX Omni ZECUSDT | +0.0045% | 1h | 1,467.1 | −0.126% | $431K | $818K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0051% | 8h | 1,468.4 | −0.042% | $176.1M | $1.36B | 50x | as long as short |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | −0.572% | $899K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0060% | 8h | 1,468.9 | −0.002% | $50.0M | $184.2M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,469.1 | +0.007% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,459.6 | −0.637% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USDlong | +0.0096% | 8h | 1,469 | long leg | $14K | $864K | 10x | |
| Lighter ZEC | +0.0096% | 1h | 1,470.6 | +0.113% | $19.0M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.5 | −0.033% | $173K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.5 | −0.034% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470 | +0.070% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.9 | +0.063% | $761.5M | $490.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.3 | +0.021% | $15.4M | $33.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.4 | +0.029% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.5 | −0.031% | $676.0M | $2.51B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.7 | −0.022% | $224.1M | $854.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469 | +0.001% | $103.4M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.5 | −0.029% | $162.9M | $308.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,468.7 | −0.020% | — | $103.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.9 | −0.209% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.6 | −0.025% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,466.9 | −0.142% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.7 | −0.018% | $346K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.7 | −0.088% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.3 | −0.181% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.1 | +0.076% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468 | −0.065% | $223K | $4.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468 | −0.069% | $2.4M | $23.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.5 | −0.032% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.1 | +0.007% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.9 | −0.071% | $37K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,469.2 | +0.018% | $845K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0226% | 1h | 1,468.5 | −0.035% | $2.3M | $4.0M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,470.5 | +0.107% | $3.7M | $11.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0432% | 1h | 1,470.9 | +0.133% | $2.0M | $8.2M | 10x | as long as short |
| Arcus ZEC-USDshort | +0.0444% | 1h | 1,469.6 | +0.040% | $730K | $8.1M | 10x | |
| Aftermath Perps ZECUSD | +0.0525% | 1h | 1,465.2 | −0.254% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
ApeX Omni ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD