Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Derive against Katana Perps+0.094%7-day average −0.053% · 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)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+1.274%+$127 · spread now +0.094%, 7d avg −0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.146% dearer against Katana Perps than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps ZEC-USD | 1,449.7 | 0.0100 | pay 0.0100% / 8h | 5h 06m | $13K | $869K | 10x |
| Short | Derive ZEC-PERP | 1,451 | 0.0100 | get 0.0013% / 1h | 6m 26s | $443K | $521K | 6.7x |
Katana Perps ZEC-USD
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $0.04
- Price spread: +0.094% → −0.053%
- $14.65
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $4.89
- Costs to cover
- 0.098%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Derive: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Katana Perps and Derive: 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 | −0.3244% | 1h | 1,453.8 | +0.281% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450.4 | +0.050% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,450.1 | +0.026% | $29.2M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.9 | +0.015% | $408K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.8 | +0.078% | $1.4M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.4 | +0.052% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,449.6 | −0.003% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0053% | 8h | 1,452 | +0.158% | $291K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0012% | 1h | 1,451.8 | +0.149% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,455 | +0.366% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,450 | +0.023% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,449.7 | long leg | $13K | $869K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,450.3 | +0.042% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.3 | +0.044% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.1 | +0.098% | $754.3M | $433.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,450.1 | +0.030% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,450.4 | +0.048% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,449.9 | +0.018% | $663.9M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.7 | +0.001% | $262.2M | $606.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,450.4 | +0.050% | $177.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.3 | −0.026% | $395K | $438K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | +0.536% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,449.9 | +0.017% | $49.8M | $175.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450 | +0.023% | $218.1M | $782.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.9 | +0.014% | $101.9M | $55.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.3 | +0.043% | $161.3M | $272.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,449.9 | +0.017% | — | $96.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,456.4 | +0.462% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.5 | +0.266% | $566K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.8 | +0.287% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,453.1 | +0.232% | $409K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.3 | +0.181% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.6 | −0.006% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450 | +0.021% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,451 | +0.094% | $443K | $521K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.413% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450.2 | +0.037% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,450.8 | +0.078% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.1 | +0.030% | $3.8M | $5.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.7 | +0.070% | $2.4M | $3.8M | 15x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.8 | +0.011% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.2 | −0.031% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,450.1 | +0.032% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0197% | 1h | 1,449.6 | −0.009% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,451.6 | +0.135% | $19.0M | $46.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0255% | 1h | 1,449.9 | +0.016% | $608K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,452.3 | +0.180% | $722K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,451.9 | +0.155% | $2.0M | $6.9M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,450.6 | +0.065% | $831K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,451.3 | +0.109% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0687% | 1h | 1,454.7 | +0.346% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Backpack ZEC_USDC_PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD