ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.056%

Price spread now: Hotstuff against GMX+0.079%7-day average — · you sell dearer than you buy

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

Long on GMX 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 0.079% dearer against GMX than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZEC/USD [WBTC.b-USDC]	1,477.4	L +0.0055% / S −0.0009%	pay 0.0007% / 1h	30m 16s	$386K	—	100x
Short	Hotstuff ZEC-PERP	1,478.6	−0.0080	pay 0.0010% / 1h	30m 16s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GMX. 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 GMXbpFee HotstuffbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$28.38
Price spread: +0.079% → 0.000%: $7.88
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$37.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

GMX 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 50 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	−0.3678%	1h	1,473.5	−0.268%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,478.6	+0.079%	$6K	$1K	10x
Ondo Perps ZEC-USD.P	−0.0007%	1h	1,471.7	−0.387%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,477.5	+0.008%	$18.1M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.8	+0.025%	$416K	$55K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.4	+0.069%	$977K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.6	+0.015%	$84K	$258K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,477.7	+0.016%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,477.2	−0.012%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0040%	8h	1,476.4	−0.070%	$48.0M	$33.0M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]long	L +0.0055% / S −0.0009%	1h	1,477.4	long leg	$386K	—	100x
01 Exchange ZECUSD	+0.0064%	1h	1,478	+0.040%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,474.3	−0.211%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0094%	8h	1,477.8	+0.026%	$181.6M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.8	+0.023%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477	−0.028%	$16K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,478.3	+0.061%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.9	+0.030%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,478.9	+0.100%	$769.6M	$444.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,478.1	+0.047%	$14.9M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,478.7	+0.084%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.9	+0.034%	$682.7M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,477.5	+0.006%	$272.6M	$622.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.469%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.8	+0.023%	$50.3M	$175.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.9	+0.033%	$217.9M	$798.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,477.6	+0.013%	$103.9M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.8	+0.026%	$164.2M	$284.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477.8	+0.024%	—	$101.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.3	−0.417%	$572K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473	−0.299%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,471.9	−0.375%	$428K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.4	−0.069%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.6	+0.012%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.8	+0.027%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.9	−0.102%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.7	+0.225%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,477.4	−0.001%	$244K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.5	+0.007%	$2.6M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,477.9	+0.030%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.2	−0.017%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,477.3	−0.011%	$48K	$167K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,479.4	+0.134%	$680K	$8.7M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,479	+0.107%	$19.3M	$48.1M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0279%	1h	1,478.1	+0.044%	$615K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0304%	1h	1,479.4	+0.132%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,478.6	+0.079%	$869K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,480	+0.175%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0517%	1h	1,478.3	+0.060%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0724%	1h	1,474.4	−0.206%	$44K	$46K	10x	as long as short