ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.051%

Price spread now: Hotstuff against Deribit+0.179%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 0.179% dearer against Deribit than usual: you sell high and buy low (spread +0.179% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ZEC_USDC-PERPETUAL	1,451.7	0	get 0.0000% / 1h	39m 20s	$591K	$1.3M	25x
Short	Hotstuff ZEC-PERP	1,454.3	−0.0080	pay 0.0010% / 1h	39m 20s	$6K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$16.8
Price spread: +0.179% → 0.000%: $17.94
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$10.86
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Deribit: live order book, 5 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 Deribit live order book, 5 min ago	4.26 bp	8.8 bp −$9	15.8 bp −$158	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	−0.3476%	1h	1,438.1	−0.938%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,454.3	+0.179%	$6K	$2K	10x
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.1	−0.047%	$17.7M	$44.3M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450.7	−0.069%	$28.9M	$74.8M	75x	as long as short
Variational Omni ZEC	−0.0017%	8h	1,451.4	−0.024%	$45.5M	$32.1M	—	as long as short
Bybit ZECUSDT	−0.0004%	8h	1,450.4	−0.090%	$268.8M	$675.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451	−0.053%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,451.2	−0.038%	$899K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,449.3	−0.166%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUALlong	0.0000%	1h	1,451.7	long leg	$591K	$1.3M	25x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,450.6	−0.082%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,451.4	−0.026%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0033% / S +0.0068%	1h	1,450	−0.117%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0051%	8h	1,451.2	−0.036%	$171.8M	$1.35B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0064%	1h	1,450.7	−0.071%	$394K	$518K	5x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,450.3	−0.100%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0065%	8h	1,449.7	−0.139%	$49.0M	$186.5M	75x	as long as short
Aster ZECUSDT	+0.0069%	8h	1,450.3	−0.101%	$15.2M	$34.7M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,449.8	−0.133%	$17K	$867K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,452.1	+0.023%	$18.7M	$54.0M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,449.8	−0.131%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450	−0.120%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,449.8	−0.132%	$3.0M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,450.8	−0.064%	$750.9M	$489.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,450.6	−0.082%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,450.7	−0.069%	$658.8M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.053%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,450	−0.120%	$219.1M	$886.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.6	−0.144%	$103.4M	$56.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.1	−0.043%	$161.5M	$313.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,450.7	−0.075%	—	$105.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,454.3	+0.176%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,451.4	−0.025%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.1	+0.026%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,451.9	+0.011%	$706K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.2	+0.169%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449.9	−0.126%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.8	−0.131%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.6	−0.147%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.2	+0.030%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.3	−0.028%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450.3	−0.101%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,450.1	−0.113%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.9	+0.078%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,451.4	−0.023%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.4	−0.022%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,450.5	−0.086%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,452.3	+0.040%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0449%	1h	1,452.6	+0.063%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,452.3	+0.040%	$750K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0736%	1h	1,453	+0.084%	$1.9M	$8.4M	10x	as long as short