Funding you earn now, next payment 23:00 UTC−0.0318%/8h= −34.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.056%
Price spread now: Hotstuff against Backpack−0.070%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hotstuff is 0.070% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,466.8 | 0.0238 | pay 0.0030% / 1h | 40m 49s | $2.4M | $4.0M | 15x |
| Short | Hotstuff ZEC-PERP | 1,465.8 | −0.0080 | pay 0.0010% / 1h | 40m 49s | $6K | $2K | 10x |
Backpack ZEC_USDC_PERP
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Backpack. 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
- −$66.71
- Price spread: −0.070% → 0.000%
- −$7.02
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$88.74
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 min ago; Hotstuff: 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 Backpack live order book, 3 min ago | 0.03 bp | 6.0 bp −$6 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | −0.3310% | 1h | 1,468.7 | +0.130% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,466.2 | −0.040% | $17.9M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0201% | 1h | 1,466 | −0.055% | $398K | $520K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0099% | 8h | 1,465.9 | −0.062% | $29.2M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,465.8 | −0.070% | $6K | $2K | 10x | |
| Bybit ZECUSDT | −0.0050% | 8h | 1,463.5 | −0.225% | $271.3M | $673.6M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.6 | +0.055% | $46.6M | $34.0M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.7 | −0.005% | $413K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466.2 | −0.039% | $889K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.4 | −0.029% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,467.1 | +0.022% | $597K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.8 | −0.003% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,466.5 | −0.023% | $542K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,466.1 | −0.045% | $292K | $1.5M | 20x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | −0.054% | $905K | $27K | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0048% | 8h | 1,463.6 | −0.217% | $176.1M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0050% | 8h | 1,464.7 | −0.144% | $49.9M | $184.4M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,466.7 | −0.005% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.3 | +0.105% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,466.5 | −0.019% | $14K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,468 | +0.079% | $19.0M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465.7 | −0.075% | $173K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.4 | −0.094% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.7 | −0.009% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.9 | +0.007% | $760.1M | $491.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.3 | −0.100% | $15.4M | $33.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.1 | −0.045% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,464.4 | −0.162% | $674.7M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,464.7 | −0.146% | $221.2M | $857.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.2 | −0.112% | $103.0M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,464 | −0.191% | $161.9M | $307.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,464.9 | −0.128% | — | $103.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.7 | +0.059% | $511K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.7 | +0.060% | $3.0M | $481K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,467.8 | +0.070% | $431K | $819K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.033% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.1 | −0.048% | $345K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.1 | −0.048% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.7 | −0.143% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.4 | +0.041% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.2 | −0.042% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465 | −0.123% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.6 | −0.014% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,465.1 | −0.119% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466.7 | −0.010% | $37K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,466.5 | −0.020% | $843K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0238% | 1h | 1,466.8 | long leg | $2.4M | $4.0M | 15x | |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,468.2 | +0.094% | $3.7M | $11.7M | 50x | as long as short |
| Lighter RH ZEC | +0.0432% | 1h | 1,468.4 | +0.109% | $2.0M | $8.2M | 10x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,467.2 | +0.025% | $732K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0537% | 1h | 1,467.3 | +0.034% | $41K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD