Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: Phemex against Katana Perps0.000%7-day average +0.043% · 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)−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now 0.000%, 7d avg +0.043%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.043% cheaper against Katana Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps ZEC-USD | 1,497.1 | 0.0098 | pay 0.0098% / 8h | 49m 58s | $14K | $886K | 10x |
| Short | Phemex ZECUSDT | 1,497.1 | 0.0100 | get 0.0100% / 8h | 49m 58s | $4.0M | $5.0M | 50x |
Katana Perps ZEC-USD
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0.5
- Price spread: 0.000% → +0.043%
- −$4.29
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$19.59
- Costs to cover
- 0.158%
- Break-even
- 281.4 days
Slippage unknown: Katana Perps: no order-book sample; Phemex: 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 Phemex live order book, 4 min ago | 2.91 bp | 18.8 bp −$19 | 36.7 bp −$367 | 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 | −0.3442% | 1h | 1,495.7 | −0.092% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,497.8 | +0.048% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0156% | 8h | 1,498.2 | +0.078% | $31.0M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,497.2 | +0.006% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0056% | 1h | 1,494.6 | −0.163% | $48K | $64K | 10x | as long as short |
| Bulk ZEC-USD | −0.0053% | 1h | 1,497 | −0.002% | $904K | $2K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,499.5 | +0.164% | $417K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,497.5 | +0.029% | $1.5M | $4.7M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,496.4 | −0.045% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,496.8 | −0.016% | $18.2M | $46.6M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0058% | 1h | 1,497.3 | +0.013% | $684K | $1.4M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0066% | 1h | 1,493.3 | −0.251% | $408K | $553K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,496.4 | −0.047% | $301K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,496.7 | −0.026% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,497.3 | +0.014% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0098% | 8h | 1,497.1 | long leg | $14K | $886K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,496.4 | −0.044% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,497.1 | +0.004% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,498.4 | +0.090% | $782.6M | $443.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,498 | +0.064% | $14.0M | $31.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,497.1 | 0.000% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,498.8 | +0.116% | $699.7M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,497.7 | +0.044% | $268.5M | $625.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,498.3 | +0.081% | $182.1M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,497.1 | 0.000% | $55.3M | $182.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,498.5 | +0.098% | $248.7M | $788.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,498.4 | +0.088% | $103.1M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,498.3 | +0.083% | $161.6M | $290.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,498.2 | +0.078% | — | $118.6M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,496.6 | −0.031% | $49.0M | $35.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,494.7 | −0.161% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,491.3 | −0.386% | $3.1M | $507K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,495.6 | −0.100% | $412K | $947K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,497 | −0.005% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,496.8 | −0.017% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,496.1 | −0.063% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,495.4 | −0.113% | $457K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,499.5 | +0.162% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,496.7 | −0.024% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,496.7 | −0.027% | $2.7M | $20.6M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,497.1 | 0.000% | $4.0M | $5.0M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,498.4 | +0.091% | $2.8M | $7.9M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,497.8 | +0.051% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,496.7 | −0.023% | $43K | $151K | 20x | as long as short |
| Lighter RH ZEC | +0.0112% | 1h | 1,498.2 | +0.075% | $2.1M | $7.3M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,497.2 | +0.008% | $941K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0155% / S −0.0173% | 1h | 1,496.4 | −0.046% | $446K | — | 100x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,498.3 | +0.080% | $19.7M | $44.9M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,498 | +0.062% | $614K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,497.9 | +0.055% | $3.7M | $10.2M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0495% | 1h | 1,497.5 | +0.030% | $2.3M | $3.9M | 15x | as long as short |
Deribit ZEC_USDC-PERPETUAL
Ondo Perps ZEC-USD.P
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-USDT
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
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Lighter RH ZEC
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP