Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.044%

Price spread now: Hotstuff against Binance+0.127%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.127% dearer against Binance than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,460.4	0.0100	pay 0.0100% / 8h	1h 51m	$669.9M	$2.53B	75x
Short	Hotstuff ZEC-PERP	1,462.3	−0.0080	pay 0.0010% / 1h	51m 48s	$6K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee HotstuffbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$37.8
Price spread: +0.127% → 0.000%: $12.7
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$40.1
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	0.03 bp	5.4 bp −$5	6.1 bp −$61	11.7 bp −$1,172	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	1,462.9	+0.174%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0406%	1h	1,461.1	+0.049%	$17.7M	$44.6M	25x	as long as short
BloFin ZEC-USDT	−0.0094%	8h	1,461.5	+0.073%	$28.9M	$75.7M	75x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,462.3	+0.127%	$6K	$2K	10x
Ondo Perps ZEC-USD.P	−0.0064%	1h	1,466	+0.384%	$398K	$518K	5x	as long as short
Bybit ZECUSDT	−0.0046%	8h	1,459.6	−0.055%	$269.6M	$677.4M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.5	+0.489%	$46.8M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.8	+0.164%	$412K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462	+0.111%	$937K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,460.5	+0.010%	$83K	$401K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,461.9	+0.106%	$595K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.1	+0.046%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0078%	1h	1,460.8	+0.025%	$558K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,461	+0.041%	$293K	$1.5M	20x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,461.5	+0.075%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0052%	8h	1,460.1	−0.022%	$175.2M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0057%	8h	1,460.5	+0.010%	$49.8M	$183.5M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,467	+0.452%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,461.2	+0.057%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,461.2	+0.058%	$18.9M	$52.3M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,460.8	+0.030%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,461.5	+0.074%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.5	+0.143%	$2.5M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,461.2	+0.055%	$758.0M	$488.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.5	+0.007%	$15.3M	$33.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.5	+0.143%	$1.7M	$3.1M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,460.4	long leg	$669.9M	$2.53B	75x
Bulk ZEC-USD	+0.0100%	1h	1,460.8	+0.027%	$899K	$25K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,460.6	+0.014%	$220.3M	$851.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.9	+0.037%	$103.1M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.2	−0.013%	$161.7M	$309.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,459.7	−0.048%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.7	+0.503%	$511K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,466.2	+0.400%	$3.0M	$492K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.8	+0.440%	$431K	$818K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.1	+0.116%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.7	+0.021%	$343K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.4	−0.002%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.2	−0.079%	$446K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463	+0.180%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.1	+0.046%	$222K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461	+0.041%	$2.4M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.3	+0.064%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.2	+0.055%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.3	+0.064%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,461.7	+0.093%	$842K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0266%	1h	1,462.2	+0.121%	$2.3M	$4.0M	15x	as long as short
Lighter RH ZEC	+0.0424%	1h	1,463.3	+0.196%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,464.2	+0.257%	$3.7M	$11.7M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,462.3	+0.128%	$741K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0520%	1h	1,464	+0.245%	$40K	$34K	10x	as long as short