Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
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: SoDEX against Katana Perps−0.204%7-day average +0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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)+0.365%+$37 · spread now −0.204%, 7d avg +0.020%
Together, before fees+0.345%+$34 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: SoDEX is 0.224% cheaper against Katana Perps than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ZEC-USD1,479.70.0098pay 0.0098% / 8h1h 26m$10K$871K10x
ShortSoDEX ZEC-USD1,476.70.0100get 0.0013% / 1h26m 34s$251K$3.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.42
Price spread: −0.204% → +0.020%
−$22.45
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$33.83
Costs to cover
0.118%
Break-even
573.6 days
Slippage unknown: Katana Perps: no order-book sample; SoDEX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell SoDEX live order book, 2 min ago0.07 bp5.8 bp −$616.3 bp −$163doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3684%1h1,462−1.197%$36K$275K12xas long as short
Bulk ZEC-USD−0.0166%1h1,477.1−0.178%$892K$9K10xas long as short
BloFin ZEC-USDT−0.0126%8h1,476.8−0.200%$30.4M$73.8M75xas long as short
Kraken Futures PF_ZECUSD−0.0097%1h1,477−0.188%$17.9M$46.8M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,477.2−0.175%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,476.5−0.222%$410K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,477.5−0.155%$1.5M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,476−0.253%$63K$303K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,475.6−0.281%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0077%8h1,476.6−0.215%$297K$1.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ZECUSD+0.0088%1h1,477.1−0.177%$47K$64K10xas long as short
Popdex ZECUSDT+0.0096%1h1,480.6+0.056%$165K$1.8M50xas long as short
Katana Perps ZEC-USDlong+0.0098%8h1,479.7long leg$10K$871K10x
Nado ZEC-PERP+0.0100%1h1,477.3−0.164%$2.7M$7.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,477.6−0.146%$13.8M$31.0M75xas long as short
Pacifica ZEC+0.0100%1h1,478.4−0.091%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,478.4−0.089%$688.6M$2.29B75xas long as short
Bybit ZECUSDT+0.0100%8h1,478.1−0.109%$264.0M$632.5M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,478.6−0.076%$179.0M$1.31B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,474.6−0.347%$403K$507K5xas long as short
Gate ZEC_USDT+0.0100%8h1,478.4−0.094%$54.3M$183.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,478.6−0.078%$241.9M$784.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,477.5−0.151%$101.0M$57.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,478.8−0.064%$159.1M$288.7M75xas long as short
BingX ZEC-USDT+0.0100%8h1,479−0.049%$115.5Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,477.4−0.159%$2.3M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,477.6−0.144%$48.1M$34.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,477.5−0.150%$565K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,478.3−0.094%$3.0M$498K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,476.6−0.212%$406K$936K50xas long as short
StandX ZEC-USD+0.0100%1h1,475.9−0.260%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,476.6−0.212%$355K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,477.1−0.179%$162K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,473.4−0.429%$450K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,478.8−0.065%$3K$1.2M20xas long as short
SoDEX ZEC-USDshort+0.0100%1h1,476.7−0.204%$251K$3.5M10x
HTX ZEC-USDT+0.0100%8h1,476.7−0.203%$2.6M$19.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,477.3−0.165%$3.9M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,478.8−0.064%$61K$43K10xas long as short
Extended ZEC-USD+0.0104%1h1,478.5−0.082%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,476.7−0.208%$42K$152K20xas long as short
RISEx ZEC/USDC+0.0129%1h1,477.2−0.172%$924K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,478.9−0.059%$4.7M$1.4M10xas long as short
01 Exchange ZECUSD+0.0136%1h1,480.8+0.070%$8K$7K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0145% / S −0.0154%1h1,476.9−0.191%$478K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0214%1h1,477.6−0.145%$675K$1.4M25xas long as short
Arcus ZEC-USD+0.0221%1h1,481.5+0.121%$638K$8.6M10xas long as short
Lighter RH ZEC+0.0248%1h1,479.4−0.025%$2.1M$7.4M10xas long as short
Hyperliquid ZEC+0.0251%1h1,478.1−0.111%$766.9M$442.4M10xas long as short
Lighter ZEC+0.0320%1h1,479.5−0.019%$19.4M$45.8M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,477.9−0.122%$3.6M$9.9M50xas long as short