ZEC

Alert

Funding spread now, next payment 00:00 UTC+0.0558%/8h

next payment, per $10,000+$5.58paid, last 24h−0.001%paid, last 3 days+0.083%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.083% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.58 per $10,000. 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	Phemex ZECUSDT	1,500.1	−0.0458	get 0.0458% / 8h	7h 42m	$3.9M	$6.5M	50x
Short	Katana Perps ZEC-USD	1,502.3	0.0100	get 0.0100% / 8h	7h 42m	$11K	$1.2M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Katana PerpsbpOrdersRate

Funding earned: $117.18
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $101.38
Break-even: 0.9 days

Slippage unknown: Phemex: live order book, 3 min ago; Katana Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.150%
Avg gap 7d: −0.051%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phemex live order book, 3 min ago	5.52 bp	19.2 bp −$19	31.2 bp −$312	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3400%	1h	$34K	$13K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0516%	1h	$18.3M	$45.5M	25x	as long as short
Phemex ZECUSDTlong	−0.0458%	8h	$3.9M	$6.5M	50x
ApeX Omni ZECUSDT	−0.0443%	1h	$984K	$346K	50x	as long as short
Bulk ZEC-USD	−0.0166%	1h	$910K	$70K	10x	as long as short
Bybit ZECUSDT	−0.0161%	8h	$288.2M	$777.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0074%	1h	$406K	$763K	5x	as long as short
Phoenix ZEC	−0.0051%	1h	$4.7M	$1.6M	10x	as long as short
Aster ZECUSDT	−0.0038%	8h	$15.4M	$37.9M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	−0.0019%	8h	$269K	$1.7M	20x	as long as short
Bitget ZECUSDT	−0.0009%	8h	$167.5M	$327.8M	75x	as long as short
Variational Omni ZEC	−0.0004%	8h	$48.7M	$33.8M	—	as long as short
BloFin ZEC-USDT	0.0000%	8h	$31.6M	$82.2M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	$422K	$117K	5x	as long as short
MEXC ZEC_USDT	0.0000%	8h	$223.4M	$993.4M	150x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$872K	$6.2M	2.2x	as long as short
Binance ZECUSDT	+0.0002%	8h	$700.9M	$2.88B	75x	as long as short
BingX ZEC-USDC	+0.0004%	8h	—	$6.9M	—	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0007%	8h	$185.9M	$1.65B	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0009%	1h	$588K	$1.4M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	$9K	$11K	5x	as long as short
Gate ZEC_USDT	+0.0029%	8h	$52.4M	$215.1M	75x	as long as short
RISEx ZEC/USDC	+0.0080%	1h	$861K	$2.9M	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$40K	$362K	20x	as long as short
Paradex ZEC-USD-PERP	+0.0089%	8h	$62K	$38K	10x	as long as short
Lighter ZEC	+0.0096%	1h	$19.9M	$60.9M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$172K	$2.3M	50x	as long as short
Katana Perps ZEC-USDshort	+0.0100%	8h	$11K	$1.2M	10x
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$7.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$802.9M	$670.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.7M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$682K	$6.2M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.9M	$70.3M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.3M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$502K	$10.8M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$108K	$3.3M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$318K	$3.3M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	$51K	$116K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$465K	$262K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.4M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	$228K	$5.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.6M	$31.9M	75x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.4M	$4.5M	10x	as long as short
Perpl ZEC	+0.0112%	43m	$79K	$400K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0128% / S −0.0001%	1h	$568K	—	100x	as long as short
Lighter RH ZEC	+0.0216%	1h	$1.8M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0256%	1h	$3.9M	$13.7M	50x	as long as short
Aftermath Perps ZECUSD	+0.0393%	1h	$37K	$22K	10x	as long as short