Funding you earn now, next payment 07:00 UTC+0.0328%/8h= +35.9% APRnext payment +$0.41 per $10,000 · paid last 24h +0.076%
Price spread now: Backpack against Hotstuff+0.275%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Backpack is 0.275% dearer against Hotstuff than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ZEC-PERP | 1,492.9 | −0.0080 | get 0.0010% / 1h | 8m 46s | $6K | $1K | 10x |
| Short | Backpack ZEC_USDC_PERP | 1,497 | 0.0248 | get 0.0031% / 1h | 8m 46s | $2.3M | $3.9M | 15x |
Hotstuff ZEC-PERP
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $68.9
- Price spread: +0.275% → 0.000%
- $27.46
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $81.36
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Backpack: live order book, just now. 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, just now | 0.03 bp | 5.7 bp −$6 | 14.6 bp −$146 | doesn't fit | doesn't fit |
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 | −0.3684% | 1h | 1,479.6 | −0.890% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,495.5 | +0.173% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0149% | 8h | 1,496 | +0.210% | $30.5M | $75.1M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,496.9 | +0.267% | $18.1M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERPlong | −0.0080% | 1h | 1,492.9 | long leg | $6K | $1K | 10x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,494 | +0.073% | $415K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,495.5 | +0.173% | $1.5M | $4.6M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,493.5 | +0.043% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0025% | 1h | 1,495.5 | +0.173% | $48K | $64K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0080% | 8h | 1,496.9 | +0.267% | $301K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSD
Orderly PERP_ZEC_USDCShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,496.5 | +0.242% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,495.1 | +0.147% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,494.7 | +0.124% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,496.1 | +0.220% | $3.1M | $7.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,494.3 | +0.093% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,494.7 | +0.124% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,494.5 | +0.110% | $696.2M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494 | +0.074% | $267.5M | $631.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,494.4 | +0.100% | $182.6M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,493.8 | +0.062% | $408K | $551K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,494.2 | +0.092% | $903K | $7K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,494.4 | +0.099% | $55.1M | $187.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,494.4 | +0.102% | $241.7M | $798.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,494.4 | +0.102% | $103.0M | $57.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494.4 | +0.102% | $160.7M | $289.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,495 | +0.143% | — | $117.1M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,496.1 | +0.218% | $48.9M | $34.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,496.9 | +0.267% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,495.9 | +0.200% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,496.3 | +0.231% | $412K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,493.8 | +0.064% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,496.6 | +0.250% | $358K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,497 | +0.276% | $164K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,499.1 | +0.417% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,496.5 | +0.245% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,496.8 | +0.262% | $2.7M | $20.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,495.8 | +0.194% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,494.7 | +0.124% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,496.7 | +0.256% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,496.4 | +0.236% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,495 | +0.140% | $939K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,494.9 | +0.138% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0135% / S −0.0129% | 1h | 1,493.5 | +0.042% | $395K | — | 100x | as long as short |
| Hyperliquid ZEC | +0.0137% | 1h | 1,495.2 | +0.156% | $779.3M | $445.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0143% | 1h | 1,497.7 | +0.321% | $684K | $1.4M | 25x | as long as short |
| Lighter RH ZEC | +0.0200% | 1h | 1,495.3 | +0.161% | $2.1M | $7.5M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,495.6 | +0.180% | $609K | $8.7M | 10x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0248% | 1h | 1,497 | +0.275% | $2.3M | $3.9M | 15x | |
| Lighter ZEC | +0.0272% | 1h | 1,495.3 | +0.165% | $19.6M | $47.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,498.4 | +0.373% | $3.7M | $10.1M | 50x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Hyperliquid ZEC
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Arcus ZEC-USD
Lighter ZEC
Coinbase International ZEC-PERP-INTX