Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: MEXC against Katana Perps−0.022%7-day average +0.004% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Katana Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.047%−$5 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.022%, 7d avg +0.004%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.026% cheaper against Katana Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps ZEC-USD	1,478.8	0.0100	pay 0.0100% / 8h	2h 24m	$12K	$818K	10x
Short	MEXC ZEC_USDT	1,478.5	0.0100	get 0.0100% / 8h	2h 24m	$229.8M	$765.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Katana PerpsbpFee MEXCbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0.04
Price spread: −0.022% → +0.004%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$6.34
Costs to cover: 0.038%
Break-even: 1013.2 days

Slippage unknown: Katana Perps: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.24 bp	0.4 bp $0	0.9 bp −$9	45.0 bp −$4,499	67.9 bp −$33.9K

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	1,457.4	−1.446%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0099%	8h	1,477.9	−0.059%	$29.8M	$71.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,479	+0.011%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,478.6	−0.016%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.4	−0.031%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,479.1	+0.018%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,478.9	+0.003%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,478.7	−0.007%	$296K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,479.2	+0.029%	$8K	$7K	5x	as long as short
Bybit ZECUSDT	+0.0092%	8h	1,478.3	−0.036%	$265.4M	$594.1M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,475.1	−0.251%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,479.1	+0.022%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0054%	1h	1,478.6	−0.012%	$440K	—	100x	as long as short
Katana Perps ZEC-USDlong	+0.0100%	8h	1,478.8	long leg	$12K	$818K	10x
Paradex ZEC-USD-PERP	+0.0100%	8h	1,479	+0.013%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,479.6	+0.054%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,479.6	+0.053%	$771.4M	$420.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,478.4	−0.026%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,479.2	+0.025%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,478.4	−0.031%	$686.2M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,478.5	−0.023%	$179.7M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	−0.285%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.433%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,479.4	+0.042%	$53.6M	$172.5M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,478.5	−0.022%	$229.8M	$765.5M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,478.7	−0.007%	$105.2M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,480.6	+0.122%	$167.0M	$268.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,481.1	+0.157%	—	$111.4M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	−0.347%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	−0.259%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	−0.317%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.398%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.3	−0.168%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,478.8	−0.001%	$364K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,478.3	−0.036%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,477.8	−0.067%	$451K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.6	+0.121%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,478.4	−0.030%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.2	−0.110%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,478.6	−0.016%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,478.8	−0.004%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,478.8	−0.001%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,479.5	+0.045%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0125%	1h	1,479.4	+0.043%	$623K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,478.2	−0.039%	$18.1M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,478.9	+0.009%	$934K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,479.6	+0.056%	$19.6M	$44.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0403%	1h	1,480.6	+0.118%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,480.3	+0.101%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,479.5	+0.045%	$657K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0713%	1h	1,475	−0.256%	$45K	$49K	10x	as long as short