Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.023%
Price spread now: Orderly against Katana Perps−0.116%7-day average +0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.116%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.141% cheaper against Katana Perps than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps ZEC-USD | 1,504.4 | 0.0098 | pay 0.0098% / 8h | 1h 14m | $12K | $879K | 10x |
| Short | Orderly PERP_ZEC_USDC | 1,502.7 | 0.0079 | get 0.0079% / 8h | 1h 14m | $303K | $1.1M | 20x |
Katana Perps ZEC-USD
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$4.02
- Price spread: −0.116% → +0.026%
- −$14.13
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$27.95
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Orderly: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Katana Perps and Orderly: 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 50 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 | −0.3684% | 1h | 1,478.1 | −1.748% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,499.9 | −0.301% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,503.4 | −0.066% | $30.5M | $75.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,503.8 | −0.042% | $18.2M | $46.4M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.4 | +0.066% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −1.146% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,503.3 | −0.073% | $418K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,501.9 | −0.169% | $1.6M | $4.6M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,501.8 | −0.170% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0051% | 1h | 1,493.2 | −0.743% | $48K | $64K | 10x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDCshort | +0.0079% | 8h | 1,502.7 | −0.116% | $303K | $1.1M | 20x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,504.4 | +0.001% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0098% | 8h | 1,504.4 | long leg | $12K | $879K | 10x | |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.8 | −0.040% | $2.9M | $7.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,504.6 | +0.013% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,505.5 | +0.074% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504.8 | +0.030% | $701.1M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.9 | −0.034% | $269.3M | $633.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.3 | −0.071% | $184.1M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,497.5 | −0.458% | $410K | $522K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,504.9 | +0.035% | $55.2M | $185.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.4 | +0.064% | $249.6M | $794.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,505.5 | +0.074% | $103.5M | $57.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,502.4 | −0.135% | $161.7M | $289.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,504.6 | +0.011% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.8 | −0.369% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.3 | −0.337% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,497.4 | −0.465% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,501.6 | −0.185% | $413K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,500 | −0.291% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,504.2 | −0.013% | $361K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,501.3 | −0.209% | $165K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,504.3 | −0.005% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,503 | −0.095% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,502.9 | −0.098% | $2.7M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.2 | −0.076% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.2 | +0.055% | $62K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,505.2 | +0.051% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.7 | −0.111% | $43K | $152K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0128% | 1h | 1,505.1 | +0.044% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,505.3 | +0.063% | $942K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0133% / S −0.0126% | 1h | 1,502.1 | −0.155% | $398K | — | 100x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,501.5 | −0.193% | $4.8M | $1.4M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0180% | 1h | 1,503.5 | −0.057% | $687K | $1.4M | 25x | as long as short |
| Hyperliquid ZEC | +0.0194% | 1h | 1,503.6 | −0.053% | $782.5M | $444.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0220% | 1h | 1,504.8 | +0.026% | $2.4M | $3.9M | 15x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,505.5 | +0.074% | $607K | $8.7M | 10x | as long as short |
| Lighter RH ZEC | +0.0248% | 1h | 1,507.2 | +0.185% | $2.1M | $7.4M | 10x | as long as short |
| Lighter ZEC | +0.0296% | 1h | 1,506.7 | +0.153% | $19.8M | $46.5M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,503 | −0.092% | $3.7M | $10.1M | 50x | as long as short |
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX