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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h +0.015%
Price spread now: Katana Perps against OKX−0.025%7-day average +0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on OKXShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.061%+$6 on $10k
Price spread, last 7 days+0.055%+$6 · spread now −0.025%, 7d avg +0.003%
Together, before fees+0.117%+$12 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: Katana Perps is 0.027% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZEC-USDT-SWAP1,499.40.0100pay 0.0100% / 8h1h 16m$183.2M$1.34B50x
ShortKatana Perps ZEC-USD1,4990.0098get 0.0098% / 8h1h 16m$12K$878K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against OKX. 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

Funding earned
−$0.4
Price spread: −0.025% → +0.003%
−$2.74
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$16.94
Costs to cover
0.138%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 3 min ago; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.03 bp5.0 bp −$57.4 bp −$7411.0 bp −$1,096doesn't fit
Sell Katana Perps no order-book sample—————
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 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3684%1h1,478.1−1.422%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,498−0.096%$61K$304K10xas long as short
BloFin ZEC-USDT−0.0157%8h1,502.3+0.195%$30.7M$75.2M75xas long as short
Kraken Futures PF_ZECUSD−0.0096%1h1,499.9+0.033%$18.2M$46.5M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,501.3+0.123%$6K$1K10xas long as short
Bulk ZEC-USD−0.0051%1h1,487.2−0.818%$898K$9K10xas long as short
dYdX ZEC-USD0.0000%1h1,501.2+0.118%$417K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,502.7+0.219%$1.6M$4.6M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,501.3+0.127%$5.3M—150xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0038%1h1,500.1+0.048%$685K$1.4M25xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ZECUSD+0.0055%1h1,491.8−0.508%$47K$64K10xas long as short
Orderly PERP_ZEC_USDC+0.0079%8h1,499.3−0.009%$302K$1.1M20xas long as short
Popdex ZECUSDT+0.0096%1h1,498.5−0.059%$171K$1.8M50xas long as short
Katana Perps ZEC-USDshort+0.0098%8h1,499−0.025%$12K$878K10x
Nado ZEC-PERP+0.0100%1h1,500.2+0.053%$3.0M$7.3M10xas long as short
Aster ZECUSDT+0.0100%8h1,498.8−0.041%$14.0M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,501+0.106%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,499.2−0.017%$698.5M$2.31B75xas long as short
Bybit ZECUSDT+0.0100%8h1,499.1−0.023%$268.2M$633.6M75xas long as short
OKX ZEC-USDT-SWAPlong+0.0100%8h1,499.4long leg$183.2M$1.34B50x
Ondo Perps ZEC-USD.P+0.0100%1h1,497.5−0.127%$410K$522K5xas long as short
Gate ZEC_USDT+0.0100%8h1,499.1−0.019%$55.1M$185.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,497.5−0.129%$248.2M$793.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,498.8−0.043%$103.1M$57.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,499.4−0.001%$161.3M$289.6M75xas long as short
BingX ZEC-USDT+0.0100%8h1,498.9−0.033%—$116.3M—as long as short
Variational Omni ZEC+0.0100%8h1,485.5−0.925%$48.4M$34.5M—as long as short
edgeX ZECUSDC+0.0100%4h1,494.9−0.301%$572K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,497.4−0.134%$3.1M$510K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,488.1−0.753%$410K$942K50xas long as short
StandX ZEC-USD+0.0100%1h1,500.6+0.081%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,498.6−0.054%$360K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,498.7−0.047%$165K$184K20xas long as short
SunX ZEC-USDT+0.0100%8h1,500.9+0.101%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,499.6+0.009%$255K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,499.8+0.024%$2.7M$20.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,499−0.029%$4.0M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,501.1+0.112%$62K$43K10xas long as short
Extended ZEC-USD+0.0104%1h1,499.7+0.021%$2.8M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,499.2−0.011%$43K$152K20xas long as short
01 Exchange ZECUSD+0.0120%1h1,502.2+0.188%$8K$7K5xas long as short
RISEx ZEC/USDC+0.0129%1h1,499.2−0.014%$938K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,501.5+0.139%$4.8M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0153% / S −0.0169%1h1,499.4+0.002%$485K—100xas long as short
Backpack ZEC_USDC_PERP+0.0197%1h1,503.3+0.261%$2.4M$3.9M15xas long as short
Hyperliquid ZEC+0.0206%1h1,499.4−0.001%$779.8M$444.1M10xas long as short
Arcus ZEC-USD+0.0221%1h1,500+0.037%$613K$8.7M10xas long as short
Lighter RH ZEC+0.0256%1h1,500.6+0.077%$2.1M$7.4M10xas long as short
Lighter ZEC+0.0304%1h1,500.8+0.092%$19.8M$46.3M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,500.9+0.097%$3.7M$10.1M50xas long as short