ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: Hotstuff against Derive+0.033%7-day average — · you sell dearer than you buy

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

Long on Derive 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 0.033% dearer against Derive than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ZEC-PERP	1,460.1	0.0100	pay 0.0013% / 1h	44m 13s	$446K	$521K	6.7x
Short	Hotstuff ZEC-PERP	1,460.6	−0.0080	pay 0.0010% / 1h	44m 13s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Derive. 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 DerivebpFee HotstuffbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$37.8
Price spread: +0.033% → 0.000%: $3.31
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$45.49
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Derive and 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	−0.3244%	1h	1,460	−0.005%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,460.6	+0.033%	$6K	$1K	10x
BloFin ZEC-USDT	−0.0078%	8h	1,462.3	+0.147%	$29.7M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,460.8	+0.047%	$411K	$46K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,461.4	+0.090%	$963K	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,460.9	+0.051%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.3	+0.080%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0037%	8h	1,461.4	+0.090%	$292K	$977K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,461.2	+0.076%	$379K	—	100x	as long as short
ApeX Omni ZECUSDT	+0.0073%	1h	1,462	+0.130%	$425K	$879K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,459.6	−0.035%	$4.6M	$1.4M	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0083%	1h	1,459.8	−0.022%	$396K	$433K	5x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,460.2	+0.006%	$173K	$1.8M	50x	as long as short
Variational Omni ZEC	+0.0098%	8h	1,459.8	−0.019%	$47.4M	$31.8M	—	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0099%	1h	1,462	+0.132%	$609K	$1.3M	25x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,461.5	+0.093%	$19K	$835K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.5	+0.024%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.7	+0.042%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,461.5	+0.095%	$761.6M	$432.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461	+0.061%	$14.5M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.8	+0.044%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.6	+0.033%	$673.3M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,460	−0.007%	$270.1M	$605.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.3	+0.015%	$179.9M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	−0.100%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,461.1	+0.068%	$50.0M	$170.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,460.5	+0.024%	$215.3M	$770.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.2	+0.074%	$102.7M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.5	+0.094%	$162.2M	$275.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,461.3	+0.078%	—	$97.1M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.6	+0.169%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459	−0.079%	$568K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	−0.055%	$3.0M	$418K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.4	+0.020%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460	−0.008%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.3	+0.078%	$127K	$160K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,460.1	long leg	$446K	$521K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,462.4	+0.157%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.6	+0.099%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,460.2	+0.004%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.9	+0.056%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.4	+0.088%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,460.8	+0.045%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.2	+0.075%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0184%	1h	1,461.8	+0.112%	$19.1M	$45.9M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,460.7	+0.040%	$18.0M	$43.7M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,462.6	+0.169%	$706K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0328%	1h	1,462.2	+0.140%	$2.1M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,460.9	+0.055%	$835K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,462.7	+0.178%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0708%	1h	1,462.4	+0.158%	$43K	$46K	10x	as long as short