Funding you earn now, next payment 01:00 UTC−0.0443%/8h= −48.5% APRpaid last 24h −0.043%
Price spread now: Kraken Futures against Katana Perps+0.033%7-day average +0.049% · 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)−0.089%−$9 on $10k
+Price spread, last 3 days (all we have)+0.170%+$17 · spread now +0.033%, 7d avg +0.049%
=The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.089% in total (about -8.8% 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 | Katana Perps ZEC-USD | 1,468.1 | 0.0100 | pay 0.0100% / 8h | 7h 24m | $20K | $838K | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,468.6 | −0.0343 | pay 0.0043% / 1h | 24m 48s | $17.8M | $43.0M | 25x |
Katana Perps ZEC-USD
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$93.01
- Price spread: +0.033% → +0.049%
- −$1.61
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$108.42
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Kraken Futures live order book, 4 min ago | 0.78 bp | 9.8 bp −$10 | 14.2 bp −$142 | 23.6 bp −$2,355 | 107.2 bp −$53.6K |
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 | −0.3321% | 1h | 1,455.4 | −0.868% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0343% | 1h | 1,468.6 | +0.033% | $17.8M | $43.0M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0110% | 1h | 1,466.9 | −0.084% | $399K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0110% | 8h | 1,468.1 | −0.001% | $29.7M | $72.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.2 | +0.070% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0047% | 8h | 1,468.5 | +0.025% | $47.6M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.9 | −0.018% | $413K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.3 | +0.079% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.7 | +0.040% | $83K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.4 | +0.019% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,468.2 | +0.005% | $8K | $8K | 5x | as long as short |
| Bybit ZECUSDT | +0.0013% | 8h | 1,467.8 | −0.026% | $273.6M | $633.6M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,468.6 | +0.033% | $293K | $1.2M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,467.9 | −0.014% | $181.8M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.2 | +0.141% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,468.4 | +0.019% | $377K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.5 | +0.022% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,468.1 | long leg | $20K | $838K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.9 | +0.054% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.1 | +0.063% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.2 | +0.073% | $761.8M | $451.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.9 | −0.014% | $14.9M | $31.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.5 | +0.026% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468 | −0.009% | $683.9M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470.3 | +0.150% | $700K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468 | −0.007% | $51.2M | $179.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468 | −0.007% | $230.8M | $826.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468 | −0.010% | $104.6M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.4 | +0.018% | $163.4M | $292.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,468.1 | −0.005% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470 | +0.125% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.2 | +0.071% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,470 | +0.124% | $430K | $869K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.6 | +0.165% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.1 | −0.002% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.3 | +0.013% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.7 | −0.099% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.6 | +0.165% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.4 | +0.015% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.4 | +0.016% | $2.5M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.8 | +0.046% | $3.8M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.243% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.8 | −0.024% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.6 | +0.029% | $54K | $168K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0181% | 1h | 1,469.4 | +0.085% | $604K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,469.7 | +0.106% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,468.9 | +0.051% | $852K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,470.6 | +0.166% | $3.7M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0534% | 1h | 1,468.6 | +0.031% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0768% | 1h | 1,470.2 | +0.141% | $43K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0784% | 1h | 1,470.4 | +0.156% | $2.0M | $8.1M | 10x | as long as short |
01 Exchange ZECUSD
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
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 ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC