Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.010%

Price spread now: Katana Perps against SoDEX+0.049%7-day average −0.020% · you sell dearer than you buy

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

Long on SoDEX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.049%, 7d avg −0.020%

Together, before fees−0.189%−$19 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 0.069% dearer against SoDEX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,482.5	0.0100	pay 0.0013% / 1h	25m 22s	$252K	$3.5M	10x
Short	Katana Perps ZEC-USD	1,483.2	0.0098	get 0.0098% / 8h	1h 25m	$10K	$873K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SoDEXbpFee Katana PerpsbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$0.42
Price spread: +0.049% → −0.020%: $6.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$5.32
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 4 min ago	0.07 bp	4.4 bp −$4	13.2 bp −$132	98.8 bp −$9,878	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 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	−0.3684%	1h	1,462	−1.382%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	−0.366%	$892K	$9K	10x	as long as short
BloFin ZEC-USDT	−0.0126%	8h	1,476.8	−0.387%	$30.4M	$73.8M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,481.3	−0.082%	$18.0M	$46.7M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,482.5	+0.001%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,479.5	−0.204%	$411K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,479.5	−0.202%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,482.9	+0.026%	$62K	$304K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,481.3	−0.084%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,482.5	+0.001%	$299K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps ZECUSD	+0.0082%	1h	1,478.4	−0.275%	$47K	$64K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,484.4	+0.130%	$167K	$1.8M	50x	as long as short
Katana Perps ZEC-USDshort	+0.0098%	8h	1,483.2	+0.049%	$10K	$873K	10x
Nado ZEC-PERP	+0.0100%	1h	1,483.9	+0.093%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,483.5	+0.067%	$13.9M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,482.7	+0.013%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,484.3	+0.120%	$691.4M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,482.4	−0.011%	$265.1M	$633.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,482.5	−0.001%	$179.0M	$1.32B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,482.2	−0.022%	$403K	$511K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,484.2	+0.110%	$54.2M	$183.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,484	+0.096%	$244.5M	$786.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,484.4	+0.127%	$101.5M	$57.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,482.7	+0.009%	$159.4M	$289.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,484	+0.096%	—	$115.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,483.4	+0.059%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,480.4	−0.142%	$48.2M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.5	−0.409%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477	−0.374%	$3.0M	$511K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.4	−0.416%	$406K	$936K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,477.3	−0.353%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,484.4	+0.127%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,483.9	+0.091%	$163K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.615%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,484.8	+0.151%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,482.5	long leg	$252K	$3.5M	10x
HTX ZEC-USDT	+0.0100%	8h	1,480.3	−0.152%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,481.9	−0.045%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,482.6	+0.007%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,483.6	+0.074%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,482.7	+0.013%	$42K	$152K	20x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,481.2	−0.091%	$927K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,481.2	−0.090%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,484.9	+0.157%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0145% / S −0.0154%	1h	1,476.9	−0.378%	$478K	—	100x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,485.3	+0.190%	$636K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,484.4	+0.130%	$2.1M	$7.4M	10x	as long as short
Hyperliquid ZEC	+0.0256%	1h	1,485.7	+0.214%	$771.0M	$442.7M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,484.2	+0.116%	$19.5M	$45.9M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0360%	1h	1,482.2	−0.023%	$677K	$1.4M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,482.7	+0.014%	$3.6M	$9.9M	50x	as long as short