ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.027%

Price spread now: Hotstuff against Bulk+0.505%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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 0.505% dearer against Bulk than usual: you sell high and buy low (spread +0.505% now, against zero (this spread has no 7-day history yet)): +$50 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ZEC-USD	1,494.1	0.0100	pay 0.0013% / 1h	21m 52s	$775K	$158K	10x
Short	Hotstuff ZEC-PERP	1,501.6	−0.0080	pay 0.0010% / 1h	21m 52s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bulk. 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 BulkbpFee HotstuffbpOrdersPrice spread, now +0.505%Rate

Funding earned: −$37.8
Price spread: +0.505% → 0.000%: $50.47
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $0.67
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bulk: live order book, 30 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 Bulk live order book, 30 min ago	0.03 bp	3.5 bp −$4	3.5 bp −$35	5.9 bp −$593	11.8 bp −$5,924
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 50 exchanges

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	−0.3772%	1h	1,480	−0.942%	$36K	$274K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,501.9	+0.523%	$31.5M	$75.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0120%	1h	1,500.9	+0.460%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,501.6	+0.505%	$6K	$1K	10x
Ondo Perps ZEC-USD.P	−0.0058%	1h	1,503.7	+0.645%	$409K	$509K	5x	as long as short
01 Exchange ZECUSD	−0.0008%	1h	1,504	+0.662%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.5	+0.568%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,499.9	+0.388%	$62K	$298K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,502.8	+0.585%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0009%	1h	1,503.5	+0.630%	$18.5M	$47.1M	25x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZEC-USD	+0.0011%	1h	1,501.5	+0.501%	$414K	$34K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0076%	8h	1,502.6	+0.569%	$303K	$858K	20x	as long as short
RISEx ZEC/USDC	+0.0077%	1h	1,502.8	+0.588%	$924K	$1.3M	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,503.4	+0.622%	$19.8M	$41.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,503.7	+0.644%	$2.1M	$7.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,502.1	+0.540%	$173K	$1.7M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,501.7	+0.511%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,501.9	+0.521%	$19K	$879K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,502.8	+0.587%	$3.1M	$7.2M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.1	+0.605%	$787.7M	$429.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,501.6	+0.502%	$14.1M	$27.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,502	+0.531%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.1	+0.539%	$708.0M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,501.5	+0.501%	$275.8M	$598.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502.7	+0.578%	$184.9M	$1.33B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,502.8	+0.582%	$597K	$8.6M	10x	as long as short
Bulk ZEC-USDlong	+0.0100%	1h	1,494.1	long leg	$775K	$158K	10x
Gate ZEC_USDT	+0.0100%	8h	1,502.1	+0.535%	$61.7M	$184.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.2	+0.545%	$175.4M	$848.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.1	+0.540%	$105.1M	$54.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.1	+0.535%	$163.9M	$286.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,500.9	+0.460%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,503	+0.600%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,505.8	+0.787%	$49.7M	$34.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,505.2	+0.742%	$550K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,508.3	+0.955%	$3.1M	$577K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.2	+0.680%	$411K	$957K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,501.7	+0.512%	$112K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502.8	+0.585%	$373K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503	+0.596%	$168K	$189K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,505	+0.730%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.8	+0.586%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,502.7	+0.580%	$2.7M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,501.8	+0.520%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502	+0.534%	$2.8M	$7.4M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.6	+0.574%	$37K	$163K	20x	as long as short
Phoenix ZEC	+0.0139%	1h	1,503.3	+0.616%	$4.8M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0179%	1h	1,503.7	+0.645%	$688K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0179% / S −0.0163%	1h	1,503.1	+0.606%	$372K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0336%	1h	1,504.7	+0.709%	$3.9M	$9.8M	50x	as long as short