Funding you earn now, next payment 20:00 UTC−0.0525%/8hpaid last 24h −0.016%
Price spread now: Kraken Futures against Katana Perps−0.052%7-day average +0.054% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.064%−$6 on $10k
+Price spread, last 3 days (all we have)+0.265%+$27 · spread now −0.052%, 7d avg +0.054%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.107% cheaper against Katana Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.054%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.064% in total (about -6.8% 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 | 1,471 | 0.0090 | pay 0.0090% / 8h | 4h 21m | $17K | $890K | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,470.2 | −0.0435 | pay 0.0054% / 1h | 21m 29s | $17.9M | $46.8M | 25x |
Katana Perps ZEC-USD
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$110.22
- Price spread: −0.052% → +0.054%
- −$10.66
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$134.69
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 1.16 bp | 11.4 bp −$11 | 17.4 bp −$174 | 22.9 bp −$2,292 | 127.0 bp −$63.5K |
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 | −0.3655% | 1h | 1,459 | −0.817% | $34K | $97K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0435% | 1h | 1,470.2 | −0.052% | $17.9M | $46.8M | 25x | |
| ApeX Omni ZECUSDT | −0.0300% | 1h | 1,471.7 | +0.047% | $959K | $462K | 50x | as long as short |
| Bybit ZECUSDT | −0.0172% | 8h | 1,470.8 | −0.010% | $275.5M | $728.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0149% | 8h | 1,472.1 | +0.074% | $47.8M | $31.9M | — | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,470.2 | −0.051% | $30.3M | $79.5M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0080% | 1h | 1,471.5 | +0.036% | $399K | $599K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.7 | +0.050% | $6K | $2K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | −0.0016% | 8h | 1,471.3 | +0.024% | $289K | $1.6M | 20x | as long as short |
| Aster ZECUSDT | −0.0015% | 8h | 1,471 | +0.005% | $14.9M | $36.5M | 75x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Bybit ZECUSDT
Variational Omni ZEC
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
Orderly PERP_ZEC_USDC
Aster ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZEC-USDT-SWAP | −0.0013% | 8h | 1,471 | +0.002% | $177.4M | $1.48B | 50x | as long as short |
| 01 Exchange ZECUSD | −0.0008% | 1h | 1,471 | +0.004% | $9K | $10K | 5x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.4 | +0.099% | $415K | $107K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,470.6 | −0.023% | $980K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,471.2 | +0.013% | $79K | $433K | 10x | as long as short |
| Gate ZEC_USDT | +0.0001% | 8h | 1,471.2 | +0.015% | $50.5M | $195.6M | 75x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.8 | +0.056% | $5.2M | — | 150x | as long as short |
| Phoenix ZEC | +0.0012% | 1h | 1,470.9 | −0.005% | $4.7M | $1.7M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0022% | 8h | 1,471.3 | +0.019% | $223.6M | $973.4M | 150x | as long as short |
| Binance ZECUSDT | +0.0023% | 8h | 1,471.5 | +0.039% | $676.2M | $2.70B | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0076% / S +0.0041% | 1h | 1,471.7 | +0.051% | $576K | — | 100x | as long as short |
| Aevo ZEC-PERP | +0.0088% | 1h | 1,471.5 | +0.036% | $39K | $357K | 20x | as long as short |
| Katana Perps ZEC-USDlong | +0.0090% | 8h | 1,471 | long leg | $17K | $890K | 10x | |
| Lighter ZEC | +0.0096% | 1h | 1,473 | +0.136% | $19.4M | $59.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.9 | −0.006% | $173K | $2.1M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,471.4 | +0.029% | $60K | $37K | 10x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.9 | −0.005% | $314K | $2.6M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0100% | 1h | 1,471.7 | +0.049% | $850K | $2.6M | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.7 | +0.052% | $3.1M | $7.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.8 | +0.056% | $770.4M | $578.2M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.1 | +0.079% | $1.6M | $3.4M | 10x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.6 | +0.178% | $737K | $7.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.2 | −0.055% | $906K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.2 | +0.018% | $103.5M | $63.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.5 | +0.034% | $170.6M | $336.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470 | −0.064% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,471.1 | +0.007% | $2.4M | $3.9M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.9 | −0.002% | $493K | $10.4M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.7 | −0.016% | $3.0M | $523K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.010% | $110K | $4.7M | 30x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.3 | +0.021% | $129K | $162K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.1 | −0.059% | $447K | $526K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.8 | +0.259% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.5 | +0.039% | $224K | $5.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.4 | −0.036% | $2.4M | $28.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.3 | −0.045% | $3.8M | $6.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.1 | +0.080% | $3.3M | $4.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0231% | 1h | 1,472.6 | +0.114% | $576K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0232% | 1h | 1,473 | +0.136% | $1.8M | $7.7M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0384% | 1h | 1,477.4 | +0.439% | $3.8M | $12.7M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0519% | 1h | 1,473.2 | +0.151% | $39K | $33K | 10x | as long as short |
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Gate ZEC_USDT
gTrade (Gains Network) ZEC/USD
Phoenix ZEC
MEXC ZEC_USDT
Binance ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Aevo ZEC-PERP
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Polymarket Perps ZEC-USD
RISEx ZEC/USDC
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Arcus ZEC-USD
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD