Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.042%

Price spread now: Bitget against Hotstuff−0.038%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.038% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ZEC-PERP	1,457.5	−0.0080	get 0.0010% / 1h	16m 23s	$6K	$2K	10x
Short	Bitget ZECUSDT	1,457	0.0100	get 0.0100% / 8h	2h 16m	$161.3M	$312.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hotstuff. 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 HotstuffbpFee BitgetbpOrdersPrice spread, now −0.038%Rate

Funding earned: $37.8
Price spread: −0.038% → 0.000%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $16.96
Costs to cover: 0.170%
Break-even: 3.9 days

Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 3 min ago. 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 Bitget live order book, 3 min ago	0.03 bp	7.5 bp −$8	12.3 bp −$123	18.7 bp −$1,871	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 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	1,433.1	−1.672%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0086%	8h	1,455.9	−0.113%	$28.7M	$75.4M	75x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,457.5	long leg	$6K	$2K	10x
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,456.7	−0.059%	$17.7M	$44.6M	25x	as long as short
Bybit ZECUSDT	−0.0004%	8h	1,456.1	−0.098%	$268.6M	$677.2M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.2	−0.022%	$410K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,455.9	−0.113%	$933K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.8	−0.052%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,457.5	0.000%	$593K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.6	+0.007%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEC	+0.0008%	8h	1,455.6	−0.132%	$45.8M	$33.2M	—	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,456.9	−0.045%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0020% / S +0.0072%	1h	1,457.2	−0.020%	$557K	—	100x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,458	+0.036%	$8K	$8K	5x	as long as short
OKX ZEC-USDT-SWAP	+0.0058%	8h	1,456.9	−0.043%	$173.9M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0073%	8h	1,457.1	−0.027%	$49.3M	$190.6M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0079%	1h	1,452.8	−0.323%	$395K	$519K	5x	as long as short
Aster ZECUSDT	+0.0094%	8h	1,457.2	−0.019%	$15.3M	$34.3M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,457.5	−0.002%	$13K	$872K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,458.4	+0.062%	$18.8M	$54.7M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,457.6	+0.007%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457.5	+0.001%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.7	+0.011%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458	+0.034%	$753.9M	$495.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.7	+0.010%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.3	−0.015%	$664.8M	$2.53B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.3	−0.012%	$217.3M	$897.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.3	−0.013%	$103.1M	$57.0M	75x	as long as short
Bitget ZECUSDTshort	+0.0100%	8h	1,457	−0.038%	$161.3M	$312.7M	75x
BingX ZEC-USDT	+0.0100%	8h	1,457.2	−0.021%	—	$101.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.2	−0.019%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.9	−0.041%	$489K	$9.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.7	−0.054%	$3.0M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	−0.036%	$428K	$814K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.3	−0.082%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.2	−0.021%	$344K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.9	−0.039%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.7	−0.127%	$443K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.1	+0.106%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456.8	−0.048%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.2	−0.023%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457	−0.036%	$3.8M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	−0.173%	$896K	$26K	10x	as long as short
Phoenix ZEC	+0.0103%	1h	1,457.5	−0.001%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.2	−0.019%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.1	−0.029%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,458	+0.035%	$863K	$1.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,459.3	+0.123%	$3.8M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0460%	1h	1,457	−0.034%	$40K	$34K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,458.9	+0.095%	$750K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0624%	1h	1,459	+0.105%	$1.9M	$8.5M	10x	as long as short