Funding you earn now, next payment 02:00 UTC+0.3778%/8h= +413.7% APRpaid last 24h +0.546%
Price spread now: Katana Perps against Injective−0.481%7-day average −0.104% · 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)+0.523%+$52 on $10k
+Price spread, last 3 days (all we have)+0.340%+$34 · spread now −0.481%, 7d avg −0.104%
=Funding pays, the price is against you. Katana Perps is 0.378% cheaper against Injective than usual: you would sell low and buy high (spread −0.481% now, against its 7-day average of −0.104%). If the spread goes back, that is −$38 on $10k: about 8 hours of funding at the current rate (+$113 a day). At the pace of the last 4 days (+0.523% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.523% in total (about 51.3% a year). A funding rate is set anew for every payment. 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 | Injective ZEC/USDC PERP | 1,473.4 | −0.3678 | get 0.0460% / 1h | 41m 52s | $34K | $274K | 12x |
| Short | Katana Perps ZEC-USD | 1,466.3 | 0.0100 | get 0.0100% / 8h | 6h 41m | $14K | $839K | 10x |
Injective ZEC/USDC PERP
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Injective. 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
- $793.4
- Price spread: −0.481% → −0.104%
- −$37.76
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $751.81
- Costs to cover
- 0.038%
- Break-even
- 0.4 days
Slippage unknown: Injective: live order book, 27 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 Injective live order book, 27 min ago | 65.73 bp | 492526.9 bp −$492.5K | 4982256.0 bp −$49.82M | 49586088.0 bp −$4958.61M | 247092080.0 bp −$123546.04M |
| 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 PERPlong | −0.3678% | 1h | 1,473.4 | long leg | $34K | $274K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.3 | −0.411% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0057% | 1h | 1,463.4 | −0.677% | $400K | $515K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,467.7 | −0.383% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.2 | −0.417% | $413K | $57K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,465.3 | −0.551% | $969K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.5 | −0.470% | $83K | $264K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467 | −0.431% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | +0.124% | $29.6M | $73.3M | 75x | as long as short |
| Variational Omni ZEC | +0.0016% | 8h | 1,474 | +0.043% | $48.1M | $33.4M | — | as long as short |
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
BloFin ZEC-USDT
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,467.3 | −0.413% | $293K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,467.6 | −0.396% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,466.8 | −0.443% | $381K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.7 | +0.022% | $4.7M | $1.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0081% | 8h | 1,467.2 | −0.417% | $49.8M | $174.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0081% | 8h | 1,467.1 | −0.426% | $181.2M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.7 | −0.451% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0100% | 8h | 1,466.3 | −0.481% | $14K | $839K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.9 | −0.437% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.7 | −0.388% | $2.5M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.7 | −0.386% | $763.5M | $450.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467 | −0.430% | $14.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.7 | −0.387% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.9 | −0.439% | $680.2M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466.6 | −0.463% | $270.5M | $628.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.3 | −0.410% | $215.2M | $794.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.3 | −0.412% | $103.2M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.6 | −0.459% | $162.7M | $286.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,466.2 | −0.489% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.3 | +0.063% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.7 | −0.050% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.5 | +0.076% | $429K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.229% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.7 | −0.453% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.1 | −0.491% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.7 | −0.522% | $456K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469.8 | −0.245% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | −0.396% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467 | −0.434% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.8 | −0.381% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.6 | +0.086% | $897K | $17K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.8 | −0.382% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.1 | −0.426% | $48K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0152% | 1h | 1,468.2 | −0.350% | $604K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0216% | 1h | 1,469 | −0.298% | $2.0M | $7.1M | 10x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,468.6 | −0.327% | $19.2M | $48.0M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468.5 | −0.334% | $696K | $8.7M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,467.7 | −0.385% | $852K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,468.6 | −0.326% | $3.6M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0524% | 1h | 1,468.2 | −0.352% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0738% | 1h | 1,472.3 | −0.072% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Lighter ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD